Off-Plan Properties on Palm Jumeirah
Palm Jumeirah offers a wide range of apartments, villas and townhouses with various floor-plans, interior design and sets of integrated amenities which, by the way, is very important today after the extended period of movement restrictions. All the apartments are located on the Trunk of Palm Jumeirah while all the villas are lined on the Fronds. The Crescent features both villas and apartments.
XXII Carat by Forum Group is one of the most sought-after sub-communities on Palm Jumeirah. It features 22 luxury villas located on the Crescent. The villas are split into three groups: Sapphire, Ruby and Emerald. All villas have seven bedrooms. Sapphire and Emerald villas have two floors while Ruby villas have four floors. The prices for villas in XXII Carat are ranging between AED 42M and AED 96M.
Another popular project on Palm Jumeirah is Serenia Residences. Developed by Palma Holding, this low-rise residential building comprises three wings: East, West and North, and offers 250 luxury apartments including penthouses. The apartments for sale in Serenia Residences Dubai come with 1-3BR configurations while the penthouses have three to four bedrooms.
Located on the Trunk of Palm Jumeirah, Seven Palm offers 1-3BR apartments including studios and penthouses. The development by Seven Tides features two residential towers connected by the large rooftop. The residents can enjoy a close location to the beach and the views of Ain Dubai, Burj Al Arab and the Arabian Gulf. The prices for apartments in Seven Palm start from AED 649,888.
Mina by Azizi Developments is a high-end residential apartment building with hotel services. The building features unique architecture design, a private beach access and top-class amenities. The total number of residential units is 178 including 150 one-bedroom apartments, 24 two-bedroom apartments and 4 penthouses. Prices for Mina apartments are ranging from AED 2.26M.
Also for purchase in this area you can consider properties in Muraba Residences by RCR Arquitectes. Project offers luxury apartments and penthouses located on the Eastern Crescent of Palm Jumeirah. The development consists of a total of 46 apartments and 4 penthouses for sale.
Rental Prices on Palm Jumeirah
An annual rent on Palm Jumeirah ranges from AED 65,000 for 1-bedroom apartments. Renting a 2-bedroom apartment starts at AED 80,000 while 3-bedroom apartments cost AED 85,000. Four-bedroom apartments vary from AED 200,000 and 6BR penthouses on Palm Jumeirah cost around AED 450,000 per year.
Villas for rent on Palm Jumeirah, on the other hand, range from AED 240,000 per year depending on the type of a villa. For renting a 3-bedroom villa on Palm Jumeirah, the price starts from AED 240,000 and over AED 280,000 for renting 4-bedroom villas. The rents for 5BR villas start from AED 310,000 and AED 550,000 for 6-bedroom villas.
Sale Prices on Palm Jumeirah
The price for 1BR apartments for sale on Palm Jumeirah starts at AED 810,000, while 2-bedroom apartments range from AED 1.1M. The prices for 3-bedroom apartment are from AED 1.55M and 4-bedroom apartments on Palm Jumeirah are from AED 3.1M.
As for the villas, fully furnished and ready to move-in villas are ranging from AED 5.8M. The prices start from AED 4.5M for 3-bedrooms villas on Palm Jumeirah and AED 4.7M for 4-bedroom villas. A 5-bedroom villa for sale on Palm Jumeirah costs around AED 6.5M while the sale price of 6BR start from AED 12M.
ROI on Palm Jumeirah
The most profitable property on Palm Jumeirah is 2-bedroom apartments with 6.1% ROI. Investors should consider 1-bedroom apartments as well, as they yield ROI of 5.4%. Three-bedroom apartments on Palm Jumeirah can generate up to 5% rental yield.
Those who are interested in investing in villas should pay attention on for 2- and 3-bedroom units since they show the highest ROI on Palm Jumeirah of 5.3% and 4% respectively. Another option is 4- or 5-bedroom villas which yield 3.7% and 3.1% respectively.
Palm Jumeirah is well-connected with the rest of the city by Sheikh Zayed Road, the main north-south highway running through Dubai. One can travel to Abu Dhabi in one hour, get to Dubai International Airport in 20 minutes and get to Al Maktoum International Airport in 30 minutes. It is also close to the main business districts such as Dubai Media City and Dubai Marina – only 10 min drive away.
Palm Jumeirah is not connected by Metro at the moment but it has its own monorail that connects the development with Jumeirah Beach and Dubai Marina where one can access Dubai Metro. From there The Mall of the Emirates is in a 15-min ride, Dubai Mall and Burj Khalifa are in 30-min ride.
Attractions and Leisure on Palm Jumeirah
On Palm Jumeirah, the most notable attraction is Atlantis The Palm, a luxury hotel and resort that offers a number of leisure and entertainment facilities such as the Aquaventure Waterpark, Dolphin Bay, Sea Lion Point and the Lost Chambers Aquarium.
There are several parks on Palm Jumeirah such as Al Ittihad Park, Palm Jumeirah Park and Palm Island Dubai and the famous Boardwalk – an 11-km promenade stretching along the length of the Crescent of the Palm.
Nasimi Beach, which is very popular among tourists, hosts parties with invited renowned international DJ's and offers an array of different bars, cafes and restaurants.
A new mall on Palm Jumeirah, Golden Mile Galleria, hosts many retail outlets with shops and cafes scattered along the island's jogging track, overlooking the Arabian Gulf. Furthermore, a newly opened in late 2019 Nakheel Mall has a wide range of activities to offer from branded boutiques and restaurants to top-class cinemas. Finally, Palm Jumeirah's newest waterfront destination, The Pointe, features over 80 dining, retail and entertainment outlets.