Properties for Sale in Palm Jumeirah

Palm Jumeirah is an exotic artificial island in the shape of a palm tree, created in the Persian Gulf off the coast of Dubai. The scale of this project has no analogues in the world, which is why the archipelago is called the eighth wonder of the world. Real estate in Palm Jumeirah is very popular among buyers. Respectable villas and premium-class apartments are offered for sale, which are ideal for living and renting out. The atmosphere of luxury combined with developed infrastructure and resort life are the advantages of the island that make housing here an excellent investment.

Advantages of buying property in Palm Jumeirah

The archipelago attracts tourists and potential investors. Many foreign citizens strive to invest in square meters in Palm Jumeirah, as they are characterized by a high return on investment. Buying real estate in Palm Jumeirah, UAE has many advantages:

• Proximity to beaches. All villas and multi-storey buildings are located directly on the coast, next to well-kept sandy beaches. Each window offers stunning views of the Persian Gulf.
• Convenient location. You can reach the central part of Dubai literally in 30 minutes by your own transport or monorail train.
• Comfortable living. The infrastructure on the island is well developed – there are shops, restaurants, cinemas, medical institutions.
• A large number of attractions. Residents of Palm Jumeirah can enjoy the Wild Wadi Waterpark, aquariums, entertainment centers. Nearby rises the Burj Khalifa tower, and Dubai Airport can be reached in 20 minutes.
• Possibility of obtaining a residence permit. After purchasing real estate, foreigners automatically receive a three-year visa. The minimum purchase amount must be 1.3 million AED (204,000 $).

Infrastructure of the Palm Jumeirah area

The archipelago was built by the development company Nakheel. When developing the project, its specialists used a unique concept of construction, which provides for a clear location of housing and infrastructure according to its purpose:

• Stores and places for leisure are located in the axial part of the island.
• Fashionable villas are located on the “leaves” of the palm tree, 2-3 floors high. All objects are made in a unified architectural style, almost every mansion has its own beach.
• The outer part in the form of a crescent is occupied by hotels and entertainment tourist centers. At the same time, these territories play the role of a breakwater and prevent large waves on the beaches.
• The base of the archipelago is allocated for educational institutions and private clinics, which can be visited not only by residents of the island, but also by mainlanders from Dubai.
  

The only high-rise building on the island is the 22-story Atlantis The Palm hotel. On its territory there are more than a dozen restaurants, a dolphinarium, an aquarium “Lost World”. The island is connected to the mainland by a bridge that leads to the highway.

Main types of Palm Jumeirah real estate

Many residential complexes have been built on the territory of the archipelago, which consist of private residences and multi-storey buildings. Real estate in Palm Jumeirah is sold in such residential complexes as Soho Palm, SLS Residences, Palm Views and many others. Buyers are offered:

• Apartments – located in residential complexes, which are predominantly built in the mainland part at the base of the palm tree. Investors can choose one to five-room apartments, compact studios, elite or inexpensive apartments, apartments by the sea.
• Villas – luxury mansions with all amenities, including open terraces, pools, private beach areas. Located on the “leaves” of the palm tree in two rows, on both sides of the asphalt road.
• Penthouses – located under the roofs of residential complexes and usually occupy entire floors. Belong to elite real estate, have their own terraces or open platforms on the roof with stunning panoramas of the sea expanses.
• Townhouses – two or three-story apartments with their own exit to the street, sometimes with their own land plot or private beach.
• Commercial real estate – represented mainly by hotels and office premises. Such options are often chosen by entrepreneurs as business properties.

Prices for housing in Palm Jumeirah

The island is one of the most expensive locations in Dubai. The cost of real estate in Palm Jumeirah depends on the type of housing, the number of rooms, the total area. As of 2023, prices start at an average of 900,000 AED. For this amount, you can buy a studio with an area of ​​about 38 sq. m. An apartment with an area of ​​52 sq. m with one bedroom will cost about 1,050,000 AED.

Finding Palm Jumeirah properties for this price can be difficult, as most offers on the island have higher prices. For example, a four-bedroom, six-bathroom penthouse will cost 450 million AED, and a six-bedroom, seven-bathroom villa will cost 225 million AED.

The island is a freehold zone, so when buying property, a foreign citizen can register it as private property. Despite the high prices for real estate in Palm Jumeirah, apartments and villas on the island remain in demand among buyers.

The atmosphere of comfort and luxury on the archipelago attracts many wealthy people. Families with children, elderly couples, as well as beach lovers and entertainment enthusiasts prefer to settle here. The majority of the community in Palm Jumeirah is located on the coast. Some residential complexes have access to private beaches equipped with changing cabins, showers, umbrellas, and sunbeds.

All residential complexes on the island have good infrastructure. Residents have access to restaurants, saunas, shops, pools, and gyms. Large shopping centers, medical, and educational institutions are located near residential quarters. For example, a branch of Heriot Watt University is located a 15-minute drive away, and Unicorn Universe nursery can be found in Dubai Marina (about a 10-minute drive away).

Investing in real estate in Palm Jumeirah

Property for sale in Palm Jumeirah, Dubai is often seen as a successful investment. The cost of apartments in this area is increasing every day, which makes apartments and villas an excellent way to invest capital. Compared to the beginning of the pandemic, prices have risen by more than 100%, which is the highest growth rate in Dubai.

The investment attractiveness of the island is explained not only by rising prices but also by a high return on investment (ROI). If you rent out a villa or apartment, you can multiply your capital. One-bedroom apartments are considered the most popular type of housing on Palm Jumeirah. The ROI for them is up to 5.5% per annum. Two-bedroom apartments and studio apartments bring in up to 5.1% and 5.2% of income per year, respectively. The profitability of villas with different numbers of bedrooms reaches 3-4%.

Renting out housing is profitable both for short-term and long-term rentals. Real estate is not taxed, so owners receive income in its pure form. If necessary, the property can be sold, gifted, or otherwise dealt with, as foreigners have the right to register it as private property.

Advantages of buying property with ALIRA agency

The ALIRA real estate agency will help you choose and buy suitable housing on Palm Jumeirah island. When working with us, you will receive qualified technical support and many benefits:

• A wide range of services – from assistance in buying or selling to finding tenants and property management.
• Complete confidentiality of client’s personal information.
• Services from experienced specialists who can ensure a safe transaction.
• Individual approach, selection of housing taking into account the client’s wishes and requirements.
• A large and constantly updated database of real estate in the United Arab Emirates.
• Convenience in finding Palm Jumeirah property for sale on the website, a well-thought-out filtering system.

Use the services of the agency to buy real estate in Palm Jumeirah, Dubai profitably and safely. We will provide full legal support and take care of all the paperwork. You can sign up for a consultation by email info@alirarealestate.com, through the online form on the website, or by phone +971 (588) 337 903, +7 (986) 927-73-77.