Property for sale in Palm Jumeirah, Dubai, UAE: buy real estate by the sea, prices

Property for sale in Palm Jumeirah

There are many areas in Dubai that are in high demand among investors. One of them is the Palm Jumeirah. Often referred to as the eighth wonder of the world, the island is associated with comfort and luxury. Real estate in Palm Jumeirah is in demand not only among expats. A lot of people want to invest in real estate. The community attracts property hunters from all over the world. Villas in Palm Jumeirah are among the top three properties in terms of demand among tenants.

The local real estate market includes not only villas and townhouses. In the central part of the island there are multi-apartment residential complexes. At the top of the community there is iconic Atlantis, The Palm. Apartments range in number of bedrooms from studio apartments to 6-bedroom apartment units. Apartments feature premises for different purposes: living rooms, rooms for servants and dressing rooms. Villas also include up to 7 bedrooms, they are located on the coastline and have access to the beach. Housing in Palm Jumeirah is designed for those who are looking for maximum comfort, which the luxury community provides to the fullest. Property prices range from $295,000 to $12 million or more.

Palm Jumeirah Island

Project of the island

The grandiose project by developer Nakheel includes an embankment of land connected to the mainland by a bridge and a monorail. The development area is a man-made trunk of a palm tree, its fronds and the symbol of the UAE - a crescent. Key figures:

Construction of the island was started in 2001 and took five years just to prepare the area for residential development.
The community covers an area of 5,600 2. Thanks to its appearance, the coastline of the emirate has grown from less than 100 km to 1,500 km.

Real estate by the sea in Dubai, UAE, was put into operation in stages. The first 4,000 villas were sold out at the opening of the sale. In the wake of increased demand, development continued further. The project was created taking into account the peculiarities of the natural landscape and environmental requirements. The crescent at the top of the island has a practical function: it protects from wind and waves. For all its spaciousness, the island is limited, which contributes greatly to the high demand and premium value of real estate in the Palm Jumeirah. All buildings are high-tech, made of modern materials and belong to the premium segment.

Lifestyle

The community has everything you need for life: shops, shopping centers, entertainment complexes, a kindergarten. There are many restaurants and fast-food outlets in the area. Secondary educational institutions, hospitals and dental clinics are located on the mainland. It is about 20 minutes drive to it. Property in Palm Jumeirah gives access to all the central attractions of the region. At the same time, the relatively closed format of the community allows you to lead a lifestyle that is closer in spirit. Senior residents will enjoy a secluded vacation on the beach line, young people will appreciate a wide range of beach activities and a variety of sports. Families with children will also find their own housing format in the elite community.

Property in Palm Jumeirah for investment

Economic attractiveness

Dubai's housing stock offers ample opportunities for passive income. Real estate in Palm Jumeirah is equally beneficial for Russians in both short-term and long-term strategy. In the first case, you can invest in objects under construction and subsequently resell them at a higher price. Finished housing is also becoming more expensive every year, and the high demand for it makes it possible to find a buyer without effort. Investing in real estate in Dubai also allows you to make a profit from renting out. The profitability of the housing stock is consistently high and varies from 5 to 7% annually. Multi-bedroom apartments are in the highest demand and have the highest ROI. Considering that there is no taxation of personal income in the UAE, the owner receives a net income.

Registration of a residence permit through the purchase of real estate in Dubai, UAE

A residence permit when buying a home is one of the popular levers for attracting foreign investors to the country. There are several programs for obtaining a residence permit in the country, focused on different social audiences and investment budgets. The owner of real estate can apply for a residence permit in the following cases:

When purchasing a housing stock at a price of more than 204 thousand dollars. In this case, the residence permit is issued for three years, it can be extended an unlimited number of times.
The purchase of real estate in excess of 544 thousand dollars makes it possible to obtain a ten-year visa.

The owner can become a resident of the country, and then apply for a residence permit for family members and dependents. Visa rules allow the acquisition of the required amount of both one object and several.

Benefits of Palm Jumeirah

Attractions

In addition to the Aquaventure water park with its spacious recreation area and dolphinarium, there are many interesting places in the community. Among them are the Pro Art Gallery with a large collection of cultural objects and The Lost Chambers Aquarium, which embodies the theory of sunken Atlantis. The rich flora and fauna allows you to get acquainted with more than 65,000 marine life and see coral reefs without diving. A wide range of entertainment activities of a different nature can also be found at the Atlantis The Palm. No less opportunities are offered by the Palm Tower complex, which has several restaurants, a hotel, an observation deck and residential apartments. The central attractions of the emirate, including the Burj Khalifa tower, can be reached within half an hour.

Restaurants and shopping

Foreigners can buy property in the Palm Jumeirah and not worry about its relative distance from mainland Dubai. Shopping here is represented by three large shopping malls: Golden Mile Galleria, The Pointe by Nakheel and Nakheel Mall. They have everything you need to relax, from spacious parking lots to numerous shops of famous brands. Some restaurants are also located on the territory of shopping centers. In Nakheel Mall, they are located on five levels at once and demonstrate the whole variety of Arabic, Asian and European cuisines. You can also get acquainted with the variety of taste preferences of different parts of the world in Kaleidoscope Buffet, Simply Italian, Miyabi Sushi & Bento restaurants.

SPA and relaxation

Life in the community takes place in close proximity to the beach line. But walks along the coast are not exhaustive recreational opportunities. For the promenade there are many n, including Al Ittihad Park. Fintes and SPA are available in almost every sub-community of the area. Sports centers are provided not only for adults, but also for children. There are many beauty salons in the community, here are some of the most popular among them: Vanilla by Jelena, Esthetic Sense, The Loft Fifth Avenue, Toni & Guy. They are located in residential areas.

Beaches and sports activities

Water surrounds every element of the artificial island. Residents of villas located on the "branches" can use a personal access to the waters of the Persian Gulf. Other owners have the opportunity to visit the beaches of numerous hotels located in the community. The price of real estate in Palm Jumeirah in most residential complexes in the central part of the tree trunk includes the opportunity to visit their own private beaches. Buying a home in Palm Jumeirah is not only for fans of a peaceful lifestyle on the coast. A popular water entertainment complex is presented in the Aquaventure water park. For water sports enthusiasts, there are plenty of options available on site at Atlantis The Palm.

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