Real estate in Palm Jumeirah, the UAE
Being the hottest spot in Dubai, Palm Jumeirah is an artificial island that has the shape of a palm-tree. This island offers the finest residential projects developed by the leading developers in the UAE. All properties feature top-notch amenities, including lush green areas, excellent sand beaches and everything that you can imagine. When it comes to the quality of life, Palm Jumeirah does not make any compromises.
Property price trends in Palm Jumeirah
Palm Jumeirah is considered as the most luxurious area in Dubai with its many kilometers of beautiful coastline. Therefore, the property prices on the island are higher than in other parts of Dubai. For instance, the price of a studio unit in this area starts from AED 750,000 and goes up to AED 2,350,000. As for one-bedroom options, be ready to pay from AED 908,000 to AED 16,000,000. A unit with two bedrooms can be purchased at the price starting from AED 1,406,000 to AED 19,500,000 while three bedrooms will cost you AED 1,850,000 to AED 23,610,000. The most expensive options are five-bedroom units with the price starting from AED 5,300,000 and going up to AED 40,000,000.
As for villas and townhouses, an average villa with three bedrooms can cost you AED 8,000,000 while the price of a four-bedroom villa is AED 11,500,000 on average. When it comes to five-bedroom options, their average price is AED 15,500,000.
Investment properties in Palm Jumeirah
Being one of the most popular areas in the United Arab Emirates, Palm Jumeirah is a great option for a profitable property investment. The growing tourism rate along with the authority’s efforts to attract more tourists as well as business investors make the demand for property rentals increase. Investing in a property in Palm Jumeirah, you are ensured a stable net return of up to 6%.
Another reason to consider investing in real estate in this part of Dubai, is the fact that property prices are growing from year to year, which means that you can resell your property at a higher price in the future. In addition, home investment allows you to apply for a long-term residence visa.
Buy property in Palm Jumeirah at Ax Capital
Are you thinking of buying a luxurious home in one of the top projects in Palm Jumeirah? Search no more. Our experienced real estate experts will guide you through the very latest property offers in Dubai and help you find an option that will perfectly match your requirements and goals.
Whether you are looking for a buy-to-let or buy-to-live apartment or villa, you can be sure Ax Capital, a luxury real estate agency in Dubai, will offer you top-notch solutions. Our cutting-edge real estate agency in Dubai uses the latest technology in the real estate market and provides our customers with a comprehensive set of property services and makes sure that buying a property overseas can be an easy and trouble-free experience.
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