Property for sale in Palm Jumeirah
Buying property in Palm Jumeirah for foreigners is possible, as this is a freehold zone where expats may have full private ownership rights if they buy real estate. This iconic artificial island in the shape of a palm tree is synonymous with luxury resort living, making property to buy in Palm Jumeirah a lucrative investment. It is one of Dubai’s most prestigious communities, where house prices have surged by over 100%, which has been the highest in the emirate, since the beginning of the pandemic.
This community offers a collection of opulent villas, townhouses, and apartments with breathtaking views of the Persian Gulf and Dubai Marina Towers, first-rate facilities and premium amenities. Here, you will find numerous exquisite restaurants, up-market cafés, and entertainment venues to suite any taste. Residents of Palm Jumeirah also have access to the following amenities:
- Beaches, parks, and waterfronts;
- Nightclubs and five-star hotels;
- Fitness centres and beauty parlours;
- Global brand boutiques and shopping malls;
- A water park, an aquarium, and a dolphinarium.
Cost of real estate in Palm Jumeirah, UAE
Property prices in Palm Jumeirah depend on the property type, floor area, prestige level, and comfort. They range from AED 778,000 (USD 212,000) for a low-key studio to AED 45 million (USD 12.25 million) for an opulent seven-bedroom villa.
Property investment in Palm Jumeirah
Investment properties in Palm Jumeirah are reliable and lucrative assets. If you purchase a local apartment or villa and lease it out long-term, the average return on investment (ROI) could reach 5.5% per annum.
Palm Jumeirah is not only a luxurious place to live and a high-end resort but also one of the most famous tourist destinations in the United Arab Emirates, so short-term rentals, which generate an ROI of 11-13% per annum, will always be in high demand here.
Buy property in Palm Jumeirah with AX CAPITAL
If you are looking for real estate for sale in Palm Jumeirah the United Arab Emirates, AX CAPITAL, one of the best real estate agencies in Dubai, will advise you on all aspects of selecting a home and purchasing a buy-to-live or buy-to-rent property in Dubai. All you need to do to purchase property is fill out the form on the website and we will contact you at your convenience.