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Palm Jumeirah is one of the most luxurious areas in Dubai. This man-made area sets specific high standards for luxurious living in Dubai which has made it a popular choice among property investors, and buyers.
With unique exclusivity and comfort, it is understandable why investors and house buyers are attracted to this area. Palm Jumeirah has been the most popular destination for rich investors in the Dubai real estate scene.
Hence, in addition to the clear fact that it’s a lavish area that attracts the 1%, Palm Jumeirah is a popular community for some other reasons, each of which will be explained below.
Top reasons to invest in Palm Jumeirah in Dubai
Different specialists from all around the world have built this island, whose responsibility was not only to extend the coastline of the UAE but also to maintain the environment in the region.
After the development of the archipelago, the first apartments for sale in Dubai were sold completely in advance within a few days.
The island captivates not only investors but also tourists. Every year, hundreds of thousands of people come to the island to view life on the island from the inside. There are some reasons why investing in real estate in Palm Jumeirah is good.
1.Demand
Some visitors do not like to stay at hotels. Apartments and villas on the island are sought-after among visitors, enabling you to earn money throughout the year.
2. Exclusivity and liquidity
Possessing an apartment in Dubai in a sought-after area is amazing. Such a residential place is always in demand and, if intended, it can be effortlessly sold to other people.
3. Value capitalization
The house price in Dubai increases every year. This is a very important reason to buy a house in Palm Jumeirah.
4. Limitation
The area of the island is not unlimited. Hence, unbuilt projects in Dubai in this neighborhood will end eventually. Then, there will be just secondary dwellings presented at higher prices.
5. Versatility
Residential properties in Palm Jumeirah embody precisely what Dubai is famous for – luxury, exclusivity, and architectural wonders.
Accommodating 4,000 beachfront apartments, advanced villas, and lavish townhouses distributed along the fronds and crescent, there are many different units to choose from, all of which meet different styles and layout needs.
Understandably, all dwellings on the manmade island are constructed with luxurious interiors and the highest quality furniture, all providing access to top-quality amenities and facilities, such as infinity pools, sports areas, and a broad range of fine dining and leisure alternatives.
It goes without saying that with such features and increasing demand for properties on the Palm, apartments, and villas situated here are the most exorbitant to own and buy in Dubai.
6. Excellent tourist attractions
Palm Jumeirah has accommodated some of the most luxurious five-star hotels, wonderful restaurants, and magnificent beach clubs which makes it difficult to choose from.
Palm Jumeirah is also famous for Atlantis the Palm, the world-know resort located right at the head of the trunk, where families can take pleasure in an enjoyable day out at Aquaventure waterpark, swim with dolphins at Dolphin Bay, and enjoy an excellent dinner at Nobu.
The island has many dining and leisure alternatives. Those trying to find their retail fix can also go to the Golden Mile Galleria, see Nakheel Mall, or visit The Pointe, which shows an increasing collection of dining outlets and lifestyle gifts.
Top tourist attractions in Palm Jumeirah include:
- Atlantis the Palm
- Aquaventure Waterpark
- Nakheel Mall
- The Pointe
- The Lost Chambers Aquarium
- Al Ittihad Park
7. Exceptional lifestyle
Palm Jumeirah is a full-fledged city where one can enjoy the highest standard of living due to its unbelievably self-reliant community.
In addition to being full of main tourist attractions, the island is full of nurseries, hospitals, shopping malls, supermarkets, and other facilities.
Palm Jumeirah is a scenic paradise of the greatest convenience in the Dubai real estate landscape.
Besides Palm Jumeirah is adjacent to some main business hubs, like Dubai Marina, JLT, and Dubai Media City.
The Palm Monorail connects several important areas all over the Palm, from Palm Gateway Station to Atlantis Aquaventure.
In general, transportation and connectivity are very well-developed at the Palm.
8. Affordability
One attractive attribute of the Palm is its price-to-luxury ratio for residential units in the Palm. Although property prices are tangibly very high in Dubai, the prices are very reasonable when compared to other top-quality areas worldwide that present the same properties.
In addition, the Palm is highly in demand because of its luxurious living, easy beach access, and excellent attractions.
9. High return on investment in real estate on the Palm Jumeirah
Most of the objects on the island are in the ownership of first class and their cost can be very high. However, investing in the dwelling units of the archipelago is highly lucrative:
The cost of accommodation is reckoned annually, while the demand for exclusive accommodation rises along with sales prices.
The yearly rate of return for villas for sale in Dubai is 5.5%. The annual rate of return on investment in apartments is as high as 3.7%.
| Type of property | Return on investment |
| Villa | 5.5% |
| Apartment | 3.7% |
The final lucrativeness ratio is dependent on the specific object, area, and degree of convenience.
Conclusion
Palm Jumeirah Island is certainly one of the most desirable destinations to invest in real estate in Dubai, where luxury and exclusivity combine to offer universally recognized residential properties.
From waterfront residential properties to excellent attractions, the best lifestyle that Palm Jumeirah presents is one that people explore the world for.
As more and more people head to the area, property values will only rise, meaning investors can benefit from Palm Jumeirah’s profitability.
Having an excellent property in a neighborhood like Palm Jumeirah means that you can usually obtain passive income or resell at a higher price.
