Palm Jumeirah

Palm Jumeirah Dubai

Dubai’s biggest marvel, Palm Jumeirah, is an impressive man-made island that adorns the shimmering shoreline of the city. This island is built in the shape of a palm tree and houses several lavish hotels, fine-dining restaurants and luxury residences. The luxury and elegance that come with its pristine beaches and meticulous water channels make Palm Jumeirah Dubai an unparalleled location.

Overview of Palm Jumeirah, Dubai

Palm Jumeirah is one of Dubai’s most iconic and luxurious developments, known globally for its distinctive palm tree shape. It’s a man-made archipelago that offers a mix of leisure and residential properties. The island captures the essence of Dubai’s luxury and innovation.

 

Category Information
Area 5.72 square kilometres
Population 10,000+ (estimated)
Type Artificial island
Developer Nakheel
Construction start date June 2001
Completion date 2009 (approximately)

Key features

  • Luxury villas and apartments
  •  World-class hotels and resorts
  • Shopping malls, restaurants, and entertainment venues
  •  Beaches, marinas, and other recreational facilities
  • Palm Jumeirah Monorail

 

 Popular attractions

  • Atlantis, The Palm
  • Palm Jumeirah Boardwalk
  •  The View at The Palm
  •  Nakheel Mall
  • The Pointe

 

Accessibility

 

  • Palm Jumeirah is connected to the mainland by a bridge and a monorail.

 

Property information

 

Palm Jumeirah is a highly sought-after residential area offering a luxurious lifestyle and stunning views of the Arabian Gulf. Properties in Palm Jumeirah range from apartments and townhouses to villas and mansions. Prices vary depending on the type of property, location, and amenities.

 

Property type Average price
2-bedroom apartment AED 2.5 million
4-bedroom villa AED 10 million

Investment potential of Palm Jumeirah property

  • High rental income: Palm Jumeirah is a popular tourist destination, so properties on the island can generate good rental income.
  • Potential for capital appreciation: The island is still under development, so there is potential for capital appreciation in the future.

Risks to consider:

  • Cyclical property market: Prices in Palm Jumeirah have risen in recent years, but there is always the potential for a downturn.

 

Real Estate in Palm Jumeirah

The real estate in Palm Jumeirah is synonymous with luxury. The properties here, whether for rent or purchase, are designed with the highest standards. Residents experience unparalleled comfort and prestige living here.

 

According to the H1 2022 Rental Market Report by Bayut & Dubizzle, Palm Jumeirah in Dubai ranks third among the top areas for leasing upscale apartments. It stands as a prime location for property acquisitions in Dubai, drawing significant attention from investors.

Area 1-BED 2-BED 3-BED
Dubai Marina 88,000 133,000 195,000
Downtown Dubai 105,000 222,000 321,000
Palm Jumeirah 146,000 186,000 260,000
Dubai Hills Estate 61,000 91,000 171,000
Jumeirah Beach Residence (JBR) 112,000 137,000 172,000

 

Rental Market Trends

The rental market in Palm Jumeirah is booming, with average prices rising steadily in recent years. This is due to several factors, including the island’s popularity as a tourist destination, its limited supply of rental properties, and the high demand for luxury apartments and villas.

 

Apartment Type Average Rental Price in AED
Studio 93,000
1-Bed 148,000
2-Bed 197,000
3-Bed 274,000
4-Bed 647,000
5-Bed 762,000

 

Sales Market Trends

The sales market in Palm Jumeirah is also firm, with property prices continuing to rise. This is due to the island’s high demand and limited supply of new properties. Property prices in Palm Jumeirah have risen by over 20% in the past year.

 

Villa Type Average Rental Price in AED
3-Bed 573,000
4-Bed 975,000
5-Bed 1,308,000
6-Bed 1,820,000
7-Bed 3,526,000

 

Return on Investment

 

Palm Jumeirah is a popular investment destination, with investors attracted to the island’s high rental yields and its potential for capital appreciation.

 

  • The average rental yield in Palm Jumeirah is around 7%, which is significantly higher than the average rental yield in Dubai.
  • Property prices in Palm Jumeirah are expected to continue to rise in the coming years due to the island’s limited supply of new properties and its high demand

 

Apartment Type Average Sales Price in AED
Studio 1,571,000
1-Bed 2,665,000
2-Bed 3,458,000
3-Bed 5,437,000
4-Bed 26,892,000
5-Bed 31,881,000

 

ROI IN PALM JUMEIRAH

The return on investment (ROI) in Palm Jumeirah varies depending on the type of property. Apartments typically have an ROI of around 7%, while villas have around 8%. This is significantly higher than the average ROI in Dubai, which is around 6%.

 

The high ROI in Palm Jumeirah is due to several factors, including the island’s popularity as a tourist destination, its limited supply of properties, and the high demand for luxury apartments and villas.

 

It is important to note that the ROI in Palm Jumeirah can fluctuate over time, depending on the overall market conditions. However, the island has a proven track record of delivering strong returns for investors.

 

Apartment Type ROI
Studio 5.45%
1-Bed 5.11%
2-Bed 5.64%
3-Bed 5.31%
4-Bed 2.63%
5-Bed 3.95%

 

According to data from Bayut, 2-bedroom apartments in Palm, Dubai yield the highest profitability with a return of 5.64%. Studios and 3-bedroom apartments are promising investments, offering returns of 5.45% and 5.31%, respectively. Meanwhile, 1-bedroom units can produce a rental yield of approximately 5.11%.

 

Villa Type ROI
2-Bed 3.24%
3-Bed 3.84%
4-Bed 4.50%
5-Bed 4.80%
6-Bed 3.71%
7-Bed 4.92%

 

For individuals eyeing investments in villas and townhouses, 7-bedroom and 5-bedroom units are the top contenders. These villa types lead with stellar rental yields of 4.92% and 4.80%, respectively. The 4-bedroom and 3-bedroom properties are close behind, which deliver returns of 4.50% and 3.84%, respectively. Additionally, 6-bedroom units present a return of 3.71%.

 

Most Sought-After Neighborhoods in Palm Jumeirah

Palm Jumeirah houses some of the most coveted neighbourhoods in Dubai. These localities exude elegance, offering residents both tranquillity and luxury. Each community has its unique flair, with a blend of architectural styles and amenities.

 

  • Exclusive Communities: Signature Villas and Garden Homes are among the most exclusive addresses here.
  • Scenic Views: Almost every property offers stunning views of the Arabian Gulf, Dubai skyline, or both.
  • Integrated Amenities: These neighbourhoods are designed to provide residents with private beaches, marinas, and lush landscapes.

Accommodations in Palm Jumeirah

Palm Jumeirah is home to some of Dubai’s finest hotels and resorts. These establishments promise a lavish stay, equipped with world-class facilities. From private beaches to gourmet restaurants, they cater to the elite traveller’s every whim.

 

Hotel Distance from the centre of Palm Jumeirah (km) Duration of walk (minutes)
FIVE Palm Jumeirah Hotel 0.5 10
Kempinski Hotel & Residences Palm Jumeirah 1.0 20
Sofitel Dubai The Palm 1.5 30
Fairmont The Palm 2.0 40
W Dubai – The Palm 2.5 50

 

Getting Around Palm Jumeirah

Navigating Palm Jumeirah is a seamless experience for both residents and visitors. The infrastructure has been designed to accommodate heavy traffic while maintaining a smooth flow. Public transportation, along with personal vehicles, makes commutes effortless.

 

  • Monorail System: The Palm Monorail runs along the trunk of the Palm Jumeirah, linking it to the mainland.
  • Road Network: Well-maintained roads with clear signages ensure hassle-free driving experiences.
  • Water Taxis: For those seeking a scenic route, water taxis offer a picturesque way to traverse.

 

Facilities and Services

Palm Jumeirah ensures its residents and visitors can access top-notch facilities and services. From daily necessities to emergency healthcare, everything is within reach. The island’s planners prioritise convenience and quality in equal measure.

 

SUPERMARKETS IN PALM JUMEIRAH

 

Supermarket Distance from the center of Palm Jumeirah (km) Duration of walk (minutes)
Allday Fresh Supermarket – Golden mile 0.5 10
Choithrams Palm Azure Residences 1.0 20
Quick Buy 1.5 30

Places of Worship in Plam Jumeirah

 

Religious Site Distance from center of Palm Jumeirah (km) Duration of walk (minutes)
Abdul Rahman Siddik Mosque 1.0 20
Fellowship – A Christian Church in Dubai 4 10
Emirates Baptist Church International (EBCI) 4 13
Evangelical Christian Church of Dubai 4 13
Hindu Temple Dubai 8 N/A
Mahamevnawa Buddhist Temple Dubai 8 N/A
Shirdi Sai Baba Temple 8 N/A

Educational Institutions in  Plam Jumeirah:

 

Nursery or School Distance from center of Palm Jumeirah (km) Duration of walk (minutes)
Asya’s Nursery 1.0 20
Blossom Palm Jumeirah Nursery 1.5 30
Jumeirah International Nurseries 1.0 20
Raffles International School 1.0 20
Palm Jumeirah Primary School 1.5 30

 

Medical Care in Plam Jumeirah:

 

Clinic or Hospital Distance from center of Palm Jumeirah (km) Duration of walk (minutes)
Emirates Hospital Clinic – Palm Jumeirah 1.0 20
Al Das Medical Clinic 1.5 30
Nucleus Clinic 2.0 40

 

NEARBY AREAS

 

Nearby Area Distance in km Duration of walk (minutes)
Dubai Marina 6.7 11
Jumeirah Beach Residence (JBR) 7.7 13

Entertainment and Lifestyle

Palm Jumeirah is a hub of entertainment, leisure, and lifestyle activities. With an array of shopping centres, restaurants, and recreational areas, there’s always something happening. It’s a destination where luxury meets entertainment.

Shopping Centers in Palm Jumeirah:

 

Mall Distance from the centre of Palm Jumeirah (km) Duration of walk (minutes)
Nakheel Mall 0.5 10
The Pointe 1.0 20
Golden Mile Galleria 1.5 30

 

Dining in Palm Jumeirah:

 

Restaurant Distance from the centre of Palm Jumeirah (km) Duration of walk (minutes)
Nobu 0.5 10
101 Dining Lounge and Bar 0.5 10
Ossiano 1.0 20
Zuma 1.5 30
La Petite Maison 1.5 30
The Observatory 1.0 20
Al Mahara 1.0 20
Pierchic 1.0 20
Arjuna 1.0 20
Aprons and Hammers 1.0 20
Asha’s 1.0 20
The Cheesecake Factory 1.0 20

Palm Jumeirah’s Beaches

The beaches of Palm Jumeirah are among Dubai’s finest, offering pristine sands and clear waters. These private and public beaches are well-maintained and provide numerous amenities for beachgoers. Sunbathing, swimming, or indulging in water sports – the choice is vast.

 

Beach Distance from the centre of Palm Jumeirah (km) Duration of walk (minutes)
West Beach 0.5 10
Sunset Beach 1.0 20
Palm West Beach 1.5 30
East Beach 2.0 40

 

Water Sports in Plam Jumeirah:

Water Sport Distance from the center of Palm Jumeirah (km) Duration of walk (minutes)
Jet skiing 1.0 20
Parasailing 1.0 20
Flyboarding 1.0 20
Wakeboarding 1.0 20
Water skiing 1.0 20
Banana boating 1.0 20
Ringo riding 1.0 20
Snorkeling 1.0 20
Diving 1.0 20
Kayaking 1.0 20
Stand-up paddleboarding (SUP) 1.0 20

Outdoor activities

 

Activity Distance from center of Palm Jumeirah (km) Duration of walk (minutes)
Walking or cycling the Palm Jumeirah Boardwalk 11 km 3 hours 30 minutes
Running on the Palm Jumeirah beach 11 km Varies depending on which part of the beach you are running on
Playing beach volleyball on one of the many public beaches 11 km Varies depending on which beach you are playing on
Kayaking or paddleboarding in the calm waters of the Gulf 1.0 20

 

Fitness

 

Activity Distance from center of Palm Jumeirah (km) Duration of walk (minutes)
Fitness First The Palm Dubai (Titanium & Mixed) 0.5 10
Champs Studio 0.5 10
Pinpoint Fitness – Palm Jumeirah 1.0 20

 

Beauty

 

Activity Distance from the center of Palm Jumeirah (km) Duration of walk (minutes)
The Nail Spa 0.5 10
NStyle Beauty Lounge 0.5 10
Blush n Curls Beauty Salon 1.0 20

 

Palm Jumeirah isn’t merely a place to visit; it’s an experience, a deep dive into Dubai’s aspirations, its dedication to luxury, and its allure that calls visitors back repeatedly.

Frequently Asked Questions (FAQs) about Palm Jumeirah

What exactly is Palm Jumeirah?

Palm Jumeirah is a man-made island in Dubai, UAE, designed as a palm tree. It’s renowned for its luxury resorts, high-end restaurants, and residential areas.

How can I reach Palm Jumeirah?

You can reach Palm Jumeirah via various modes, including the monorail, taxi, or boat services. It’s easily accessible from different parts of Dubai.

Are there any iconic attractions in Palm Jumeirah?

Absolutely! Some iconic attractions include Atlantis, The Palm, The View at The Palm observatory, and Aquaventure Waterpark.

 Is Palm Jumeirah family-friendly?

Yes, Palm Jumeirah offers a range of family-friendly activities, from water parks to aquariums and beautiful beaches for a relaxed day out.

What dining options are available in Palm Jumeirah?

Palm Jumeirah boasts various gourmet restaurants offering everything from local Emirati to international cuisines, catering to all palates.

When is the best time to visit Palm Jumeirah?

While Palm Jumeirah is a year-round destination, the cooler months between November and March are enjoyable for outdoor activities.

Is it safe to travel to Palm Jumeirah?

Absolutely. Dubai, including Palm Jumeirah, is known for its high safety standards. However, as with any travel, it’s wise to stay informed and take basic precautions.

Can I buy property in Palm Jumeirah?

Yes, Palm Jumeirah has several residential options, ranging from apartments to luxurious villas.

 

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