As the self-declared eighth wonder of the world, this famous man-made island was built in the 21st century and is the site of incredible private residences, hotels and amenities. From the air, this archipelago resembles a palm tree in a circle.
Situated in the coastal area of Dubai, this is the smallest and most well-known of the three palm-shaped islands. Along the trunk of the palm are low-rise residential apartments whilst opulent villas are placed along the palm’s seventeen fronds and the 11km surrounding crescent which acts as an innovative breakwater.
With its signature villas and high-end houses all on the beach, it is a prime place for real estate investment and so many people are opting to buy property on the Palm. Here is our complete guide on buying property in Palm Jumeirah.
If you would like to learn more about Dubai we discuss the cost of living in Dubai here.
What is it like to live in Palm Jumeirah?
Palm Jumeirah is the ideal place for any individual that seeks a calming and relaxing ambiance. The entire palm has a prime location on Dubai's coast, a huge beachfront community, promoting privacy and serenity.
Palm Jumeirah is the home of luxurious living, a dream neighbourhood that attracts some of the wealthiest people. Its glittering blue waters, upscale residences and world class amenities offers an exceptional lifestyle to all of its residents.
Experience a captivating life of luxury, basking in the exclusivity. Imagine living in a high end home facing the shimmering Arabian Gulf, or in a gated community in close proximity to the rich and famous.
What Amenities are within Palm Jumeirah?
Palm Jumeirah has a huge abundance of amenities on offer. As well as five-star hotels, world class restaurants and shopping options, the 11km crescent provides a range of food trucks, five-star luxury hotels and jogging trails that are backdropped by the scenic view of the Arabian Gulf and the Dubai Marina skyline on the other side.
The area also boasts everything you could imagine, from a luxury hotel themed around the underwater lost city of Atlantis to the Aquaventure Waterpark.
The nightlife, dining and entertainment options in the Palm complete the perfectly balanced lifestyle of relaxation and endless fun. Enjoy an array of internationally acclaimed restaurants, cafes, bars and clubs all within walking distance and ready to provide the best service possible all whilst allowing you to enjoy the scenic views. The ultimate dining experience is available in The Club Vista, which boasts seven licensed restaurants that serve various international cuisines and styles in an exquisite al-fresco dining setting
The newly opened Golden Mile Galleria also hosts a stretch of retail shops and cafes that are looking over the breathtaking Arabian Gulf. If you need to relax and unwind, you can find a spa in the complex, allowing it to cater to every need.
There is also a monorail that has specifically been built to discover the area even better. The 3-mile route runs from the gateway station in Al Sufouh down to the trunk all the way to Atlantis and Aquaventure water park and to the crescent of the island. To travel the entire journey costs just 25 AED for adults.
Is Palm Jumeirah a good investment?
Palm Jumeirah is on the most priced areas yet one of the most sought-after communities in Dubai. The area is internationally recognised to offer exclusive luxury island living. The Palm offers an experience like no other, the calm ambience and thrilling lifestyle make it one of the best places to invest in Dubai.
Studios sell for an average of 1.17M AED and 2-bedroom apartments sell for 2.7M AED on average. If you are planning on renting out your apartment and using it as an investment, the average return on investment (ROI) on Palm Jumeirah apartments is 3.71 but Palm Jumeirah villas boast an ROI of almost double at 5.53.
How much are Apartments in Palm Jumeirah?
As you can expect prices fluctuate across the plan when it comes to residences. Apartments sell for an average of 2.7M AED.
Shoreline apartments are some of the Palm’s most sought-after areas in the community. They tend to come with luxury amenities such as gyms, health clubs, pools and security as well as unbeatable waterfront views. Apartments here often range from 1-3 bedrooms and average between 1.1M AED and 1.9M in price.
The most luxurious apartments in Palm Jumeirah are located along the Crescent. These apartments are some of the best in the UAE property market. These currently start at 1.5M AED for a studio and range upwards.
Apartments on the trunk and at the Marina tend to start at 1.7M for a 1-bedroom apartment and increase in price.
How much are Houses in Palm Jumeirah?
The villas here are generally larger and mostly start with 4-bedroom units, these average at 10.5M AED and a 5-bedroom villa starts at 14.5M AED. Despite their larger cost they do boast a much larger ROI than apartments in the area.
The townhouses and villas are located along the fronds of Palm Jumeriah and are incredibly sought after. These houses come with beautifully landscaped gardens and are finished the premium amenities including dedicated barbecue spots, jacuzzis, saunas, steam rooms and more. Some houses in the area also have their own private beach, giving the upmost relaxation and luxury.
Should I buy a Property in the Palm Jumeirah?
The Palm Jumeirah is undeniably one of Dubai’s best locations. It’s effortless elegance, thriving lifestyle and exclusivity all blend into this vibrant residential area. Offering every ounce of luxury that the modern world can provide, including state of the art recreational facilities and world-class amenities, The Palm Jumeirah is undoubtedly a wonderful place to own a property.