Palm Jumeirah is an artificial archipelago lying on the Arabian Gulf. Known as the eighth wonder of the world and dubbed "New Dubai", Palm Jumeirah is divided into three sub-structures: The Crescent, The Trunk and sixteen Fronds which altogether form the shape of a palm tree. Most of the apartments for sale in Palm Jumeirah are located along the trunk. These apartments are the epitome of luxury and upscale living. The residential buildings in the trunk are in different designs; hence the flats are in a wide range of sizes and styles. Zoom Property has more than 1000 listings for apartments selling in Palm Jumeirah in a wide range of prices, sizes, and designs.
The iconic development promises a lavish lifestyle. The residential units provide luxury unlike any other place. Owing to the high standard of living, the tourism rate is increasing rapidly, increasing the demand for apartments in Palm Jumeirah. Buying a flat here is a prime investment as both the worth of the property and rent prices are rising consistently. Therefore, real estate on this man-made island is bound to give a high ROI.
Even with Dubai standards, Palm Jumeirah is continuously pushing the boundaries in terms of design, architecture and luxury. Residential buildings have different themes and you get to wake up to the amazing scenic views of the sea or Dubai's skyline. There are world-class cafes and restaurants, plenty of shopping spots, and several entertainment facilities along with the beach lifestyle that helps attract tourists around the globe. Living in Palm Jumeirah means having access to private beaches, nightlife places, and world-class resorts. In short, it is a global hot spot for investors and buying an apartment in Palm Jumeirah is desired by many.
Of the building spaces available, flats in Shoreline Apartments are the most popular. These apartments are aligned along the trunk, and they come filled with all the modern amenities. For bigger spaces, apartments in Golden Mile are popular for 2-bed and 3-bed units. Next, apartments for sale in Tiara Residences are also very popular among single professionals and families alike.
The price tag of a studio flat selling in Palm Jumeirah starts from 900,000 AED. Next, a 1-bed apartment in Palm Jumeirah can cost as low as 1,200,000 AED and go as high as 10,500,000 AED. Moreover, the average cost of 2-bed and 3-bed apartments for sale in Palm Jumeirah is 7,500,000 AED and 13,500,000 AED, respectively.
Can I buy an apartment in Palm Jumeirah to rent it out?
Yes, you can purchase an apartment and sell it for profit or rent it out for a constant income. The decision relies entirely on your preferences.
Is buying an apartment in Palm Jumeirah a good investment?
The location of Palm Jumeirah, its amazing architecture, scenic views it provides, along with its modern amenities, high-quality architecture, and luxurious lifestyle, make it a wise investment to purchase any property in Palm Jumeirah and it can easily grant high ROI.
Can a foreigner purchase an apartment selling in Palm Jumeirah?
Yes, Palm Jumeirah has designated freehold areas where foreigners can buy properties, including residential and commercial units.
Are apartments for sale in Palm Jumeirah any good?
Palm Jumeirah features one of the most luxurious apartments in Dubai. The beachfront living offers one of its kind coastal experience. Apart from world-class amenities and architecture, the community promises terrific scenic views that leave the viewer in awe of nature.
What is the rent-to-own option in Dubai?
This contract is exactly as it sounds. Instead of paying rent monthly, you pay the agreed amount to the developer each month, which leads to eventually owning the property. To avail of this scheme, a down payment is required – not compulsory, but it's there mostly.