Learn more about the Palm Jumeirah villa market through trends and average prices.
How affordable are villas in Palm Jumeirah?
The median sales price for a villa in Palm Jumeirah is approximately AED27,700,000
The median price per square feet in Palm Jumeirah is AED4,300
The Palm Jumeirah area currently has 591 villas for sale
Explore Villas in the Neighborhoods of Palm Jumeirah
The Palm Jumeirah is a man-made archipelago in Dubai built in the form of a palm tree. The islets, which are located on Dubai's coast, are not only the smallest but also the most visible of the three palm-shaped islands; the other two Palm Islands are Palm Jebel Ali and Palm Deira. In 2001, there was nothing but wet, shallow gulf water off the coast of Dubai. The idea for the Palm Island, which is solely constructed by rocks and sand, the idea was created by Dubai's Ruler. After that, Nakheel, Azizi, and a nearby real estate company dredged. Approximately 5.5 million cubic meters of soil and 94 million cubic meters of sand were shipped from deep sea beds six nautical miles off the coast of Dubai.
The opulent villas are conveniently located along the palm's seventeen fronds, forming an initial long pier, and the surrounding 11-kilometer crescent island is now home to a trunk of luxury homes. With a surface area of five kilometers by five kilometers and a range of 6.5 kilometers into the Arabian Gulf, the Palm Jumeirah makes up 100% of Dubai's coastline. The crown is connected to the mainland by a 300-meter bridge, and the crescent is connected to the palm's crown by a subsea tube.
A two-kilometer trunk, 17 fronds, and a hoop of crescents make up this man-made archipelago. Luxurious villas, luxurious studios and townhouses, five-star restaurants, international restaurant chains, glistening blue waters, luxury apartments, and world-class attractions all contribute to an expensive lifestyle for both high-end expatriates and tourists on this island. Renew your senses as you redefine your premium lifestyle on Palm Jumeirah, overlooking the stunning Arabian Sea, where the sea greets you every morning and pure white sand greets you at the end of the day with each breath. It's no wonder that the area draws celebrities and socialites because each home boasts exclusivity and high-end living, with exclusive beaches, marinas, and a variety of luxury amenities.
Popular Areas in Palm Jumeirah
Just when you felt you'd seen all there is to see at Palm Jumeirah, the self-proclaimed "eighth wonder of the world," the developers add a new destination to the bucket list. One such project is Dubai's leading real estate construction firm's Palm Tower. The St. Regis Dubai – The Palm is a 52-story, five-star hotel and residential tower with 432 residences. Since it is home to three opulent shopping malls: Golden Mile Galleria, The Pointe by Nakheel, and Nakheel Mall, Palm Jumeirah is a shoppers' paradise. Nakheel Mall, The Pointe by Nakheel, and Golden Mile Galleria the Iconic Golden Mile Galleria spans 400,000 square feet and houses nearly 70 well-known retail stores, dining options, a fitness centre, and much more. Al Ittihad Park is right next door.
In Palm Jumeirah, the Palm Monorail is a common form of public transportation. Locals and visitors alike can enjoy the city's sights on the 5.5-kilometer monorail section. The Palm Gateway, Al Ittihad Park, Nakheel Mall, and Atlantis Aqua Venture Waterpark stations are all open now, with The Pointe station set to open in 2021.
On the Palm Jumeirah, there are several restaurants. You may choose from a wide variety of culinary varieties native to various parts of the globe. Classic Italian cuisine is served at Simply Italian Restaurant and Cinque, as well as Frevo in Fairmont. Miyabi Sushi & Bento will satiate your Japanese cravings, while The Palm will fulfill your Brazilian cravings.
One of Dubai's most beautiful mosques is the Abdul Rahman Siddik Mosque on Palm Jumeirah. The mosque's exterior is made up of layers of gritty stones and patterned glass, with a dome and a 49-meter-high minaret. It can accommodate 800 people and has a separate prayer area for women that can accommodate 200 women. It also has plenty of parking for those who want to worship in the congregation. A 10-minute walk from the Palm's entrance is a Christian church in Dubai. Depending from where they live on the island, Christian friends can even get to Emirates Baptist Church and United Christian Church of Dubai in under 13 minutes or longer.
Types of Villas in Palm Jumeirah
All of the Palm Jumeirah Villas are well-equipped and feature modern amenities. Villas have exclusive interiors, bathing pools, fitness centers, and access to a number of beach clubs. Due to its sheer popularity and demand, purchasing a Villa on this land is a sure investment. Palm Jumeirah villas for sale vary in price from AED 5,200,000 to AED 115,000,000. The Canal Cove and Signature Villas at Frond are two examples. The Palm Jumeirah's fronds are home to Nakheel's Signature Villas. These villas, which all have views of the coast, the Atlantis, and the Burj Al Arab, are very common with home buyers in this price range. Almost every suburban property has stunning ocean views and exclusive beach access. Buyers may choose from studio apartments, one to four-bedroom apartments, three-to-four-bedroom townhouses and penthouses, and four-to-seven-bedroom Villa.
Lifestyle factors in Palm Jumeirah
It is, in reality, a separate city. It's also near to major business centers like Dubai Media City and Dubai Marina, making it the best choice in Dubai for young professionals and new families seeking to settle in the city's most affluent neighborhoods. As a prestigious address in the region, Palm Jumeirah offers a high standard of living to its residents. There are several luxury hotels to choose from, each with its own unique level of comfort. Palm Jumeirah should not make any compromises in terms of the quality of life for its residents. Palm Jumeirah is a great place to look if you want to buy the best property in Dubai.
Top 3 Reasons to invest in Palm Jumeirah
1 Rental yields in the region are higher than in many other mature real estate markets. Investors can expect gross rental yields of 5-9 percent on average. Dubai's property values per square foot are smaller than in many other cities around the world, making prime real estate accessible.
2 This is one of the most advantageous aspects of purchasing a Palm Jumeirah property. Property purchase allows you to apply for a residency visa in the UAE, which gives you access to additional incentives not available to international investors. One of the conditions for obtaining a UAE residency visa is to have bought a beach house in Palm Jumeirah for up to AED 1 million without the use of a mortgage or any financial assistance.
3 The Palm Jumeirah residences in Dubai are among the most opulent in the city. Villas and one-room apartments are both available for purchase.