World famous artificial island Palm Jumeirah
Undoubtedly, this area is a unique jewel of the emirates. This man-made palm-shaped island surrounded by a crescent-shaped breakwater spans over 6 kilometers in the Persian Gulf. Located on it is the most luxurious real estate in its various formats. These are townhouses, apartments, villas and hotels with all the amenities of world-class.
History of creation
Construction on Palma Jumeirah began in 2001. The developer is a large real estate development company called Nakheel, whose name is translated as "palm tree." In 2 years, the "Eighth Wonder of the World" already flaunted in the Persian Gulf and was visible even from space. However, this grand project was conceived in the early 90s. In 2006, the territory of the island was handed over for construction.
The modern reality of Palma Jumeirah
Today it is the most visited tourist attraction in Dubai. The island is divided into 3 zones: the trunk, the crown and the crescent. Trunk - this is the center of the island, connected to the mainland with three hundred meters bridge. It towers apartment buildings, very well-developed infrastructure with stores, restaurants, beauty salons, clubs and beaches.
The crown, consisting of 16 branches, is not fully built up. Here are located mostly detached houses and cottages.
In the crescent zone are hotels, resorts, and entertainment centers. The most famous hotel, which is located in the center of the crescent - Atlantis The Palm was built in 2008. It offers the most diverse range of entertainment: a water park, dolphinarium, underwater world museum, diving center. Some are interested in boat trips surrounded by sharks.
Also famous is the Palm Fountain, the world's largest colored fountains with musical accompaniment. The walkway and promenade can also pleasantly surprise tourists.
There are also medical facilities, kindergartens and schools. There are the best supermarkets and various brands from around the world. Nakheel shopping center will offer goods for all tastes.
Neighborhood in Palm Jumeirah Dubai
The attractiveness of the area lies in its proximity to the water and a huge choice of entertainment for tourists. Residential complexes feature penthouses, duplexes and apartments. Mostly buy here housing for a luxury holiday or lease in order to get a good profit. On the island, there are completed and under construction objects. So, the opportunities for investment and the acquisition of housing for life and leisure are quite impressive.
Property in Palm Jumeirah
Property in this area has a very attractive price range, both for investing as well as buying a home for living and leisure.
The average selling price ranges from UAE Dhs 1,300 per square foot per apartment.
The average rental price is between AED 70,000 and AED 100,000 per apartment.
The average return on investment is 4 to 7% per property. Returns on apartments are generally higher than those on detached villas. There is no income tax.
Our experts will help to buy property in Palm Jumeirah with the maximum benefit. They thoroughly understand your goals, needs and preferences and tell you where and how to invest your money.
In Palm Jumeirah buy apartment is possible both on the secondary market and directly from the owner. However, it is important to know the nuances of bargaining in the area, as well as the features of the property.
In Palm Jumeirah villas for sale are mostly available only from owners. Offers are presented by a variety of options, both in terms of area and interior design, architectural features.
Palm Jumeirah properties
We invite you to check out the current real estate offers on our website.
Off-plan properties in Palm Jumeirah are one of the most profitable options for your financial investment. We can help make them even more profitable, and most importantly protect you from various force majeure and troubles. Please, contact us.
