Apartments for sale in Palm Jumeirah
Flats for sale in Palm Jumeirah offer an opportunity of owning a residence in one of the world’s most exclusive locations. This is the largest man-made island in the Arabian Sea and a true haven for foreigners and locals alike. This archipelago is shaped like a palm tree and divided into three principal sectors – the trunk, 16 fronds, and the crescent. Such a large-scale project is unparalleled anywhere on the planet.
All types of properties are available in Palm Jumeirah. A collection of opulent apartments is mainly located on the “trunk” and the “crescent” of the archipelago, where you’ll find snug studios, spacious one to four-bedroom apartments, and elegant penthouses. All apartments offer breathtaking views of the sea and the Dubai Marina skyline.
Lifestyle in Palm Jumeirah
The district offers resort living with snow-white beaches, first-rate clubs and restaurants, stunning views, and premium properties. This is a prestigious and extremely popular location with property for sale in Dubai, especially among investors.
It is not a problem to buy freehold apartments here, as Palm Jumeirah is an area that grants full ownership rights of real estate, which is particularly valuable for expats.
Residents of Palm Jumeirah have access to numerous premium amenities, including the following:
- Children’s and adults’ swimming pools.
- Gyms and fitness centres.
- Yoga and Pilates areas.
- Spa salons and beauty parlours.
- Waterfront promenades and parks.
- Cafés, clubs, and restaurants to suit any taste.
- Brand boutiques and shopping malls.
Cost of apartments in Palm Jumeirah, Dubai, UAE
The prices of studios in Palm Jumeirah start at AED 778,000 (USD 212,000). A one-bedroom apartment costs AED 1.6 million (USD 435,500), a two-bedroom apartment, AED 2.3 million (USD 626,000), a three-bedroom home, AED 4.1 million (USD 1.1 million), and a four-bedroom property, AED 13 million (USD 3.5 million).
Upscale five-bedroom apartments prices in Palm Jumeirah reach AED 33.1 million (USD 9 million) or more.
Among the most popular apartment residential projects in Palm Jumeirah are:
- The Fairmont Palm Residences.
- Royal Atlantis Resort & Residences.
- Tiara Residences.
- W Residences.
- And numerous others.
Apartments in Palm Jumeirah for investments
Not everyone considers a property in this community as a relocation destination. Apartments to buy in Palm Jumeirah, United Arab Emirates, can be a lucrative investment too. Real estate prices grow at stunning rates in this popular luxurious community, surging by over 100% since the start of the pandemic, the highest in Dubai.
Investment in apartments on Palm Jumeirah Island will protect and grow your capital. The average return on investment (ROI) in one-bedroom rental apartments is 5.5% per annum. This is the highest-yield property type, the most popular on the island. Studios and two-bedroom apartments generate 5.2% and 5.1% per annum, respectively.
Buy an apartment in Palm Jumeirah with AX CAPITAL
If you are planning to buy apartments in Palm Jumeirah near the beach but don’t know where to start, experts from the real estate agency in Dubai, AX CAPITAL, will help you to untangle the subtleties of the UAE residential property market and find a home here or in other districts of the megalopolis. Please fill in a callback form and we will be happy to provide a detailed consultation, select a property to suit your wishes, and document the transaction.