Palm Jumeirah is the largest manmade island and an eye-catching landmark build on the coast of the Arabian sea. As the name suggests, the area has a palm-like shape and can be categorized as the eighth wonder of the world. The well-planned area is the home of beautifully designed villas, apartments, and hotels. No matter you talk about the neighbourhood or other living facilities, Palm Jumeirah offers supreme facilities to its residents that range from world-class restaurants to adventurous entertainment facilities. Due to the elite living standards, property demand is increasing day by day and it’s considered as the 2ndmost popular areas for buying villas in Dubai and ranked 6th most favourite place for buying apartments.
Some Amazing Facts about Palm Jumeirah
It’s the largest manmade island in the world and designed in a highly professional manner. The iconic place is the home of luxurious villas, apartments, hotels and every home has its own private beach. The palm-shaped area is designed in a way that all the apartments are located in the trunk of the palm while villas are present on the palm fronds. Luxurious hotels and restaurants ‘place is specified on the peak of the palm.
Though there isn’t any public transport in Palm Jumeirah, a monorail offers transportation services that start from Trunk of the Palm and goes all over the areas till the end of the Palm peak. Proper parking places are made for every building, apartment, and villas while people can use street parking as well. In the Trunk of the Palm, there are several supermarkets are present including Milk & Honey Gourmet Allday Fresh Supermarket, and Spinneys.
Dubai respects all religions and offers equal worship facilities for people of every belief. In Palm Jumeirah, there are multiple mosques and churches present among that Abdul Rehman Siddik mosque and Fellowship Church are more popular. Likewise, there is a temple named Shirdi Sai Baba present at 11-minute drive from the entrance of Palm Jumeirah.
Al Da Medical Clinic, Dr Joy Dental Clinic, Al Zahra Hospital Dubai are the nearest medical places for Palm Jumeirah residents while the prominent educational institutions include Middlesex University, the University of Wollongong and the American University of Dubai, Asya’s Nursery, Redwood Montessori Nursery, etc.
Top Areas to Buy Apartments in Palm Jumeirah
As discussed earlier, Palm Jumeirah is the 6thbest place to buy apartment in Dubai. Luxurious living facilities and peaceful ambience are the major attractions for families and entrepreneurs who want to live in a calm place. To buy property studio, one-bedroom, and two-bedroom apartments in Palm Jumeirah, you must have a budget of AED 1.1M, 2.24M, and AED2.7M. The average return on investment on flats in Palm Jumeirah is 3.71. Let’s discuss the top areas to buy apartments in Palm Jumeirah.
- Shoreline Apartments
It’s the most sought-after area for apartment investors. The cluster of 12 building is developed by Nakheel Builders and located on the Trunk of the Palm. Among 20 buildings, 10 are facing the beach while the remaining are on the inner edge of the trunk. All flats have luxurious amenities and elite living standards. The prices of one-bedroom and two bedroom apartments are AED 1.1M and AED 1.65M respectively.
- The Crescent
It’s another highly demanded area in Palm Jumeirah that is located at the far end of the Palm. The popular buildings in ‘The Crescent’ are various, i.e. Dream Palm Residence, The Muraba Residence, The 8 and Kempinski Palm Residence. The awe-inspiring restaurants add value to the area and play a role in making it a vibrant community. From studios to one bedroom and two bedroom apartments are present there which price starts from AED 1.5M.
- Gold Mile
It’s the third most popular area in Palm Jumeirah which offers a range of recreational facilities for residents. Every apartment is designed and built with premium quality material and features spacious rooms, large bathrooms, and high-end drawing rooms. Due to the easy exit, the Western portion is highly recommended to those who travel often and have to go Downtown or Abu Dhabi. The average starting price for a flat is AED 1.37M in Gold Mile.
Best Areas to Buy Villas in Palm Jumeirah
The beauty of Palm Jumeirah attracts investors from all over the world and it ranked 2nd best place for buying villas. Villas start with 4-bedroom units which average price is AED 10.5M. The ROI of villas in Palm Jumeirah is 5.53. Here are the top three areas for buying villas in Palm Jumeirah.
- Signature Villas Palm Jumeirah
It’s located on the front of the Jumeirah and heaven for lavish property lovers due to its spectacular ambience and living amenities. There 5,6,7 bedroom villas are located there which have a beautiful landscape and dedicated barbecue spots such as saunas, sports, and steam rooms. Every villa has a unique architecture and a private beach that make it a second to none living place. AED 6.11M is the starting price of 5-bedroom villas in Signature Villas Palm Jumeirah.
- Garden Homes Community
The villas in Garden Homes Community starts with a 4-bedroom and also offers great living amenities. The price of beachfront villas are higher than other and you should have AED 6.5M investment to buy a beachfront villa. Superstores and shopping centres aren’t far from Garden Homes community and one can easily access the major road taking to the other parts of Dubai.
- Canal Cove
The 3-4 bedroom villas are present at5 the fronds of the Palm and very popular among small families looking for a peaceful place for living. It provides easy access to different clubs, gym, pool, and communal garden. The substantial size of properties makes them an easy to buy property where the price of 4 bedroom villas is started at AED 5.2M.
Palm Jumeirah has great importance in the real estate sector and buying property in such a spectacular place is the dream of every luxury property lover. Whenever you plan to buy a villa or an apartment in Dubai, do consider Palm Jumeirah and we guarantee you won’t regret ever on this decision.