Villas for sale in Palm Jumeirah
The Palm Jumeirah is an artificial archipelago often referred to as another wonder of the world. Thanks to the state-of-art work of specialists, an amazing island that can be seen even from space was created. Property in Palm Jumeirah is in demand among wealthy people from all over the world. Local housing is purchased not only for seasonal holidays or relocation, but also as an investment. You can find various types of properties by the sea in Dubai, the UAE. In the central part of the island, imitating the trunk of a palm tree, there are modern residential complexes with apartments with a different number of bedrooms. The upper part of the crescent-shaped archipelago is occupied by a five-star hotel. On 16 fronds of the tree, there are premium villas with access to the beach.
Villas in Palm Jumeirah are spacious and designed for large families. Most of villas have four and five bedrooms and they differ in layout. You can also choose options with three or seven bedrooms. Each project features various additional premises such as garages for several cars, guest rooms, offices, rooms for staff. Palm Jumeirah villa prices start from $2.2 million (¥14.7 million) and can reach a maximum price of $10 million (¥66.9 million). Capitalization of value is observed annually, so buying a home on the island is a great way not only to save money, but also to increase it.
Island amenities and lifestyle
The island project is developed by the Nakheel construction company. The UAE largest developer began the construction of the island in 2001. The project is carefully thought out from the point of view of preserving the environment. The coastline is protected from the tides by a crescent-shaped breakwater. A piece of land, following the contours of the palm-like island, has extended the emirate's coastline from 72 km to 1,500 km. When the construction of residential units was completed, the developer put up for sale 4,000 villas, which were sold out within the first three days from the start of the sale. The development of the island continues today, however, due to the limited territory, it cannot satisfy the consistently high demand for property in the area.
Residents of houses in the Palm Jumeirah can enjoy sea views, regardless of which part of the island the house is located while living in close proximity to the central parts of the emirate. The main attractions of the city are less than half an hour away. The island is connected to the mainland by a bridge over which a highway passes, and a monorail train also runs. The community offers everything necessary for life including the large shopping mall Nakheel, several supermarkets and shops, kindergartens, fitness centers and entertainment facilities. Schools and hospitals are in neighboring communities within a 20-minute drive. The developed infrastructure of the area allows you to lead a private lifestyle as well as enjoy being in the most famous resort in the world. The calm atmosphere attracts pensioners, families with children and young professionals.
District benefits
Among them are:
- Exclusivity. The property has a unique location and provides access to the best beaches in the UAE.
- High quality of life. All housing units are built from modern materials and expensive elements were used in the decoration, for example, villas with bathtubs made of rock crystal can be found on sale.
- A large number of attractions in the area. Among them are an oceanarium, a water park, four marinas, an art gallery.
- Possibility of obtaining the status of a resident of the UAE. Buying a house in Palm Jumeirah allows the owner to submit a package of documents for obtaining a residence permit immediately after the conclusion of the transaction.
The duration of the residence permit depends on the purchase price. If the price of a villa exceeds $204,000 (¥1.3 million), a residence permit is issued for three years, which can be extended many times. A 10-year visa is granted to homeowners worth more than $545,000 (¥3.6 million).
Villas investment in Palm Jumeirah
For nationals of other countries, investments in apartments in Palm Jumeirah are not prohibited by law. The community is home for freehold zones where foreigners can own real estate as a rightful owner. Highly liquid and profitable housing allows you to make a profit, regardless of the chosen strategy for its use. A high standard of living attracts expats from all over the world to Dubai, so local real estate is always in demand. The cost of houses in Palm Jumeirah is growing every year. With a short-term business strategy, you can choose an off-plan property and resell it after completion at a much higher price. A long-term strategy allows you to make a profit from renting out your housing. Those who want to buy a villa in Palm Jumeirah can make a profit of 4-5% annually. The rates depend on the specific object, the number of bedrooms and its area. Given that there is no taxation of personal income in the Emirates, the owner receives income in its purest form.
Buying a villa in Palm Jumeirah
English-speaking real estate specialists will help you find a perfect apartment in the Palm Jumeirah for investment and living. Our property database offers the latest listings from developers and real estate agencies. You can get acquainted with prices in dollars and euros in real time. Specialists are ready to advise on all issues related to buying a home, obtaining a residence permit and moving to the UAE. Fill out the contact form and get all the information you need from overseas real estate specialists in the UAE.
