DistrictPalm Jumeirah

The UAE, Dubai

Well-known as a man-made miracle, Palm Jumeirah is one of the biggest artificial islands in the world. Along with the Deira Islands and Palm Jebel Ali, it is a part of the archipelago Palm Islands situated off the coast of Dubai. Due to its incredible shape of a large palm tree with sixteen leaves, the district attracts millions of tourists and is considered a real landmark of the UAE and one of the most ambitious projects of the century. A unique location, well-advanced infrastructure, a significant ROI index, and a range of premium real estate make the community the perfect place for buying property.

Palm Jumeirah’s Development

The main reason for the island’s appearance was the growing number of tourists and people wishing to purchase real estate in Dubai. In the late 1990s, the housing-suitable part of Dubai’s coastline was already occupied, but people were still arriving in the city. Therefore, Sheikh Mohammed, the ruler of Dubai, decided to enlarge the city’s area. Since expanding deep into the desert was impractical, the architects’ team started to develop the island’s project and create a real pearl of Dubai and the United Arab Emirates Palm Jumeirah. The building process took several years and required 7 million tons of stones and more than 100 million cubic meters of sea sand.

Palm Jumeirah Island’s Infrastructure

The first developer of the island was Nakheel Properties. Thanks to their project, the area boasts several huge shopping complexes and malls, as well as an advanced social infrastructure. 

• The axial part of the island unites shopping centers and branded outlets.
• The outer part, shaped as a crescent, includes a range of luxurious hotels and entertainment attractions. Most hotels have private beaches.
• The “leaves” of Palm Jumeirah in Dubai are valleys of fashionable low-story villas and mansions. Each residence is located on the first coastline.
• At the base of the palm tree, there are large clinics, schools, kindergartens, and other social infrastructure for the island’s residents and guests.

Among the primary attractions of the Palm Jumeirah district in Dubai (the UAE) are Wild Wadi Waterpark, the largest singing fountain listed in the Guinness Book, Dolphin Bay, and the observation deck situated on the 52nd floor of the skyscraper Palm Tower.

There are no problems with access to the Dubai mainland. A wide bridge opening onto a high-speed route unites the island with other parts of the city.

The Benefits of Living on Palm Jumeirah Island in Dubai

• From small studios to amazing mansions, the district’s real estate range includes different types of dwellings and can satisfy a wide variety of requests.
• The area offers many affordable options for living. It is possible to find a compact but comfortable studio worth $180,000–400,000. For those who prefer more spacious accommodations, there are diverse apartments with 1–4 bedrooms.
• The community creates necessary conditions for family living. Palm Jumeirah is a Dubai area that offers a wide assortment of housing with extra space, a well-developed social infrastructure, numerous attractions, and private beaches.
• The district offers a unique opportunity to live in one of the most recognizable places. This island is often considered the eighth wonder of the world.
• The area provides round-the-clock security and a high level of safety.

Investment Attractiveness of the Palm Jumeirah in Dubai

The district is unambiguously attractive for property investors. Due to the limited area, the available space for construction of residential real estate on the island is constantly decreasing. However, at the same time, the shortage of property in Palm Jumeirah in Dubai leads to growing demand and rising prices. To date, the average ROI in the district exceeds 6%. In the case of off-plan buying, ROI reaches 9–10%. However, taking into account the limited availability of free property, it is not worth postponing the purchase indefinitely.

If you decide to invest in property or buy real estate for living in Palm Jumeirah or Jumeirah Village, as well as any other Dubai districts, contact our specialists. We’ll select for you the supreme housing, provide legal support during the buying process, and offer after-sales services. The main purpose of our agency is to make your property investments profitable, comfortable, and reliable!