Apartments for sale in Palm Jumeirah
The Palm Jumeirah is a legendary island in the Persian Gulf, connected to the UAE mainland. Often it is called the eighth wonder of the world since the scale of the project has no analogues in the world. Property in Palm Jumeirah is traditionally in demand. The upmarket housing attracts investors from all over the world. Buy-to-live and buy-to-let apartments in Palm Jumeirah are associated with a luxurious lifestyle in a resort where it is always summer.
The real estate market on the artificial archipelago is represented by several types of housing. In the central part there are residential complexes with apartments with one or more bedrooms. Starting prices for apartments in Palm Jumeirah are $300,000. Most of the residential complexes are located next to five-star hotels. Residents are allowed to use the hotel infrastructure, which includes sports centers, restaurants, private beaches and many other services.
In the upper part of the archipelago in the crescent are, there is an elite hotel, which offers not only accommodation for holidaymakers, but also a full range of recreational options. The "fronds" of the palm tree are home to villas. Residences have up to seven bedrooms and vary in layout and cost. Living rooms, guest bedrooms, rooms for staff are provided as additional premises. Parking spaces are designed for several cars. The upper price limit may reach $10 million and more. This is the most expensive real estate by the sea in Dubai, the UAE.
Lifestyle
The artificial island project belongs to the developer Nakheel. This is one of the largest developers in Dubai, who developed the plan in collaboration with environmentalists and other specialists. The construction of the island started in 2001. Its contours follow the lines of a date palm, and the top is crowned with a crescent, which is a national symbol and at the same time acts as a breakwater that protects the territory from the tide of waves and wind. Apartments in Palm Jumeirah became the second stage of development. The first were 4,000 villas, sold out within the first few days from the launching of the sale. Today, real estate in this community is even more in demand. Territorial limitations do not allow us to count on a significant renovation of existing buildings, so the demand for housing exceeds supply.
The lifestyle in the community is focused on people who value comfort. Prices for flats in Palm Jumeirah differ from real estate in other areas of Dubai in the upper direction, but this does not bother buyers from around the world. Inside the community there is everything you need for life: shops, shopping centers, kindergartens, entertainment organizations. For medical assistance, you can contact the neighboring areas, located 20 minutes from the island. The apartments are suitable for both pensioners who dream of a measured lifestyle on the seacoast, as well as families with children or young people who appreciate water sports. It is also possible to buy apartments in Palm Jumeirah as an investment.
Community benefits
Community benefits include:
- Developed infrastructure and good location. The central regions of the emirate can be reached by your own vehicle or by using a monorail train within half an hour.
- A sufficient number of attractions, including an oceanarium, a large water park. The main attractions of the emirate, including the Burj Khalifa tower, are also located nearby. The international airport is 20 minutes away.
- Comfortable living conditions. There are many restaurants in the area, there are three large shopping centers, in which there are not only shops, but also cinemas, entertainment complexes for children.
- Proximity to the sea. Thanks to the construction of the island, Dubai's coastline has expanded from 72 km to over 1,500 km. The view of the water surface is revealed from almost every window.
- Ability to obtain a residence permit. Buying flats in Palm Jumeirah with a residence permit allows you to apply for it automatically, since in order to obtain a three-year visa, it is enough to purchase housing worth more than $204,000.
Property in Palm Jumeirah for investment
Investing in apartments in Palm Jumeirah is beneficial for both short-term and long-term investment strategies. This is an affordable way to save money, as Dubai sees an annual capitalization of the value of properties in prestigious areas. It is equally profitable to rent out housing stock:
- studio apartments and one-bedroom apartments can bring up to 7% profit annually;
- ROIs for villas reach 3-4%, depending on the number of bedrooms.
Highly liquid and profitable housing is not taxed for nationals of other countries. So you can get the maximum profit. Real estate is in high demand. This is due not only to its advantageous territorial location, but also to its exclusivity. Not in every region you can buy a villa with a bathroom made of solid rock crystal. The luxury of the island attracts wealthy buyers, which makes it possible to invest and resell the property at any time and at a substantial profit.
We will help you buy an apartment in Palm Jumeirah
In our collection of properties, you can find the latest property offers in Palm Jumeirah. All information is up-to-date and verified. English-speaking real estate specialists are ready to advise on any issue related to buying apartments or villas. On our site you can calculate the cost of flats for sale in Palm Jumeirah in dollars and euros.
