PROPERTIES
FOR SALE
IN PALM JUMEIRAH
Palm Jumeirah is an artificial island located off the coast of Dubai. It was the first to be built and it added 56 kilometers (35 miles) to Dubai’s coastline.
The island is shaped like a huge palm tree and consists of a trunk with 17 fronds surrounded by a crescent-shaped breakwater. The fronds have residences, while the trunk has apartments, and hotels are located along the crescent. Aquaventure, a large water park, is also situated on the crescent.
AREA GUIDE
PALM JUMEIRAH
Palm Jumeirah is a man-made island located on the Arabian Gulf coast in UAE and is the largest in the world. It has the unique shape of a palm tree that consists of the Trunk, the Crescent, and 17 Fronds. The area is home to luxury apartments, townhouses, villas, and 5-star hotels, including Atlantis the Palm.
Furthermore, Palm Jumeirah Island is known for its exceptional and world-class entertainment facilities that cater to a wide range of activities to suit every taste, from serene relaxation to extreme sports. Developed by Nakheel Properties, Palm Jumeirah Island is one of the most sought-after communities in Dubai, offering prestigious residences with luxurious interiors and world-class amenities that meet every resident’s needs.
The area boasts dozens of restaurants, cafes, entertainment facilities, and nightlife establishments, including Golden Mile Galleria, Nakheel Mall, The Pointe, and Boardwalk.
NEARBY
LOCATIONS
20 minutes
to Downtown Dubai
10 minutes
to Dubai MArina
45 minutes
to DXB Airport
35 minutes
to DWC Airport
HOW TO BUY AN OFF-PLAN
PROPERTY IN DUBAI?
If you purchase off-plan properties directly from developers in Dubai, you can enjoy many advantages. Real estate developers often provide attractive offers such as DLD waivers or free property management services. Over the last ten years, the interest in off-plan apartments in Dubai has grown, attracting residents and international investors.
This growing interest in Dubai’s real estate market can be attributed to several factors. Firstly, off-plan properties usually come with a more affordable price tag compared to ready-to-move-in options. Additionally, many off-plan properties in Dubai offer flexible payment plans, allowing buyers to spread their payments over time instead of paying the entire amount upfront.
Lastly, due to the enduring popularity of real estate investments in Dubai, investing in off-plan properties offers an attractive opportunity with the potential for significant returns on investment (ROI).
WHY INVEST
IN PALM JUMEIRAH?
Investing in the real estate market in the Palm Jumeirah area can be a lucrative venture. The area offers excellent potential for capital appreciation, rental income, and tax benefits. However, to make the most of this opportunity, it is essential to have a good understanding of the market dynamics.
This includes researching the trends in the neighborhood, the construction laws, and the financing options available. Additionally, it is essential to know the potential risks associated with property purchase and management in this area, such as legal complications, property maintenance, and upkeep costs.
By considering all these factors, investors can make informed decisions and maximize their chances of success with their investment.
OFF-PLAN PROPERTIES IN PALM JUMEIRAH
Palm Jumeirah is a luxurious community that offers an extensive range of apartments, villas, and townhouses, with varying floor plans, interior designs, and integrated amenities. These amenities are especially essential now, given the extended period of movement restrictions. The apartments are on the Trunk of Palm Jumeirah, while the villas are lined up on the Fronds. The Crescent features both villas and apartments.
XXII Carat by Forum Group is one of the most sought-after sub-communities on Palm Jumeirah. It features 22 luxurious villas located on the Crescent. The villas are divided into three groups: Sapphire, Ruby, and Emerald, each with seven bedrooms. Sapphire and Emerald villas have two floors, while Ruby villas have four floors. The prices for villas in XXII Carat range between AED 42M and AED 96M.
Mina by Azizi Developments is a high-end residential apartment building that offers hotel services. It features unique architecture design, private beach access, and top-class amenities. The total number of residential units is 178, including 150 one-bedroom apartments, 24 two-bedroom apartments, and 4 penthouses. Prices for Mina apartments range from AED 2.26M.
Seven Palm, developed by Seven Tides, is situated on the Trunk of Palm Jumeirah and offers 1-3BR apartments, including studios and penthouses.
The development features two residential towers connected by a large rooftop. Residents can enjoy proximity to the beach and views of Ain Dubai, Burj Al Arab, and the Arabian Gulf. The prices for apartments in Seven Palm start from AED 649,888.
Serenia Residences is another popular project on Palm Jumeirah, developed by Palma Holding. It is a low-rise residential building with three wings: East, West, and North, offering 250 luxury apartments, including penthouses. The apartments for sale in Serenia Residences Dubai come in 1-3BR configurations, while penthouses have three to four bedrooms.
Another property that you can consider purchasing in this area is Muraba Residences by RCR Arquitectes. The project offers luxury apartments and penthouses located on the Eastern Crescent of Palm Jumeirah. The development consists of 46 apartments and 4 penthouses for sale.
ROI
IN PALM JUMEIRAH
Investors looking for profitable properties on Palm Jumeirah should consider 2-bedroom apartments as they offer the highest ROI of 6.1%. 1-bedroom apartments are also a good option with an ROI of 5.4%. Three-bedroom apartments can generate up to 5% rental yield.
For those interested in investing in villas, 2- and 3-bedroom units show the highest ROI on Palm Jumeirah with 5.3% and 4% respectively. Another option is 4- or 5-bedroom villas which yield 3.7% and 3.1% respectively.
The starting price for 1-bedroom apartments for sale on Palm Jumeirah is AED 810,000. Meanwhile, 2-bedroom apartments range from AED 1.1 million. For those interested in 3-bedroom apartments, the prices start at AED 1.55 million, and for 4-bedroom apartments, the prices start at AED 3.1 million.
For fully furnished and ready-to-move-in villas on Palm Jumeirah, the prices range from AED 5.8 million. And if you’re looking for a 3-bedroom villa, prices start from AED 4.5 million, while 4-bedroom villas start at AED 4.7 million. A 5-bedroom villa for sale on Palm Jumeirah costs around AED 6.5 million, while the starting price for a 6-bedroom villa is AED 12 million.
RENT PRICE
IN PALM JUMEIRAH
On Palm Jumeirah, the annual rent for 1-bedroom apartments starts at AED 65,000. The rental cost for 2-bedroom apartments starts at AED 80,000 and for 3-bedroom apartments, it is AED 85,000. The rent for 4-bedroom apartments varies from AED 200,000. Meanwhile, 6BR penthouses on Palm Jumeirah cost around AED 450,000 per year.
In the case of villas, the rental cost on Palm Jumeirah ranges from AED 240,000 per year, depending on the type of villa. For a 3-bedroom villa, the rental price starts from AED 240,000 and for a 4-bedroom villa, it is over AED 280,000. The rental cost for 5BR villas starts from AED 310,000 and for 6-bedroom villas, it is AED 550,000.
ATTRACTIONS
IN PALM JUMEIRAH
Palm Jumeirah, a man-made island in Dubai, is famous for its luxurious hotel and resort, Atlantis The Palm. This resort offers various leisure and entertainment facilities such as the Aqua venture Waterpark, Dolphin Bay, Sea Lion Point and the Lost Chambers Aquarium.
Besides the resort, there are a few parks on Palm Jumeirah, like Al Ittihad Park, Palm Jumeirah Park and Palm Island Dubai, and a well-known 11-kilometer-long promenade called Boardwalk that stretches along the Crescent of the Palm.
Nasimi Beach is a popular tourist attraction that hosts parties with renowned international DJs and has a variety of bars, cafes and restaurants. Golden Mile Galleria, a new mall on Palm Jumeirah, gives access to many retail outlets with shops and cafes along the island’s jogging track, overlooking the Arabian Gulf.
Nakheel Mall, opened in late 2019, has branded boutiques, restaurants and top-class cinemas. The Pointe, Palm Jumeirah’s newest waterfront destination, boasts over 80 dining, retail and entertainment outlets.