Palm Jumeirah
Palm Jumeirah is an artificial island that follows the shape of a palm tree with sixteen symmetrical fronds where expensive villas, incredible hotels, a water park, and many kilometers of beautiful beaches are located.
The island is smaller than Palm Jebel Ali and Palm Deira, but Palm Jumeirah is the first of its kind. It is a famous symbol of the UAE along with Burj Al Arab and the Burj Khalifa. The world’s largest man-made island is also a world-famous brand that embodies Dubai’s unquenchable thirst to achieve what seems impossible. The island extends into the Arabian Gulf for five kilometers, and its creation took six years and USD 12,000,000,000 to build. Today the island occupies 560 hectares, which corresponds to the area of 600 football fields.
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The construction of the Palm Jumeirah island began in August 2001. Of course, it could have been built of concrete and steel, but Sheikh Mohammed bin Rashid Al Maktoum wanted the island to blend in with the environment, which is why he avoided the use of artificial materials. In total, 94,000,000 square meters of sand were required for the construction of the island. Geographically, the island of Palm Jumeirah is very `lucky`, as the warm, shallow waters off the coast are inaccessible to storms, as they are closed from the ocean by the Strait of Hormuz. However, the island is surrounded by a 3.5-meter protective breakwater, the construction of which took 5,500,000 square meters of rock.
The current appearance of Palm Jumeirah was formed when the trunk began to house magnificent multi-story hotels, yacht clubs, theme parks, shopping and entertainment centers, as well as the fronds, which consists of luxury villas with personal access to the sea. To date, there are approximately 1,400 villas and 2,500 apartments situated on Palm Jumeirah.
Economic Attractiveness
Regardless of the dynamics of other segments of the Dubai real estate market, the artificial island of Palm Jumeirah is always popular among investors with a high level of income. Over the past two years, the number of luxury real estate transactions with an average value of more than AED 10,000,000 (USD 2,723,000) has increased significantly, and on The Palm Jumeirah – even doubled. The attractiveness of housing on the island has also increased due to the opening of the long-awaited Nakheel Mall, which cost the master developer AED 1,200,000,000 (USD 327,000,000). Now the 78,000 residents of the island and even more of its visiting guests will be able to enjoy the unsurpassed benefits of this modern universal center of attraction. If you want to buy real estate in the upper or middle price segments and get the maximum possible profit from renting, you should choose the areas which are in constant high demand from tourists and tenants, and Palm Jumeirah is quite possibly the best choice.
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The most interesting options for investment
Palm Jumeirah offers all types of real estate for sale, including apartments, villas, land plots, townhouses, and penthouses. However, villas and apartments are the most popular property type for this area. The villas on Palm Jumeirah are uniquely located on the outskirts of the island and are part of a secure gated community with 24-hour security. Apartments are also in high demand among potential tenants as well, due to the location, views, amenities and resort style living. Due to its reputation as one of the best tourist destinations, Palm Jumeirah attracts many international investors from all over the world.
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Location
To get to Palm Jumeirah in Dubai, one can also use the metro. The nearest metro station is Dubai Internet City, which is located less than 5-10 minutes from the road entrance to the island. To move around the island, you can take a taxi or use the monorail. The monorail station is situated at the base of a palm tree, and offers a great view of the island. The monorail train runs every 20 minutes.
There is also a wide range of medical facilities, including Emirates Hospitals Clinic, Al Das Medical Clinic, and Slimpro. Families with children will appreciate the many nurseries located on the island, like Redwood Montessori Nursery, Asya’s Nursery, and Blossom Palm Jumeirah Nursery.
Palm Jumeirah has direct access to the Sheikh Zayed Road, so one can easily reach any point in Dubai by car in a short time.
- Al Maktoum International Airport – 30 minutes drive
- Dubai International Airport – 25 minutes drive
- Downtown Dubai – less than 20 minutes drive
- Mall of the Emirates – 10 minutes drive
Palm Jumeirah has a well-developed infrastructure, where you can find two shopping malls – Nakheel Mall and the Golden Mile Galleria. Besides malls, there are numerous grocery stores like Spinneys, Choithrams, and Allday Fresh. The island is also full of various cafes, restaurants, and fine dining options, such as KYO, Ossiano, Rue Royale, or Chuan, just to name a few.
Entertainment
Most of the attractions of Palm Jumeirah are concentrated on the territory of the Atlantis the Palm, which is famous for its restaurants by star chefs, including Nobu Matsuhisa, Giorgio Locatelli, and Gordon Ramsay. There is also the Aquaventure Water Park where guests can swim with dolphins and ride the water slide through the shark lagoon. Moreover, one can visit the famous Lost Chambers Aquarium and the on-site dolphinarium. The complex also provides an opportunity for hotel guests and visitors to experience the hotel spa and go diving. For those wishing to go all out, one can hire a helicopter and enjoy a bird’s-eye view of the stunning island.
Spend a day by the pool at the Riva Beach Club or WET Deck in W Dubai, or visit one of the private beaches at any of the hotels. To do this, you will need to purchase a beach day pass, which provides access to all the hotel’s outdoor facilities. Additionally, one can take a yacht trip along the island, enjoy a speedboat ride, or try wakeboarding. The island is also perfect for kayaking and paddleboarding too.
Palm Jumeirah is home to Nakheel Mall, Golden Mile Galleria and The Pointe Shopping and Entertainment Complex, which all have retail stores, restaurants, cinemas and much more. The 1.5-km pedestrian zone near The Pointe offers excellent views of Atlantis Resort.
The new Palm West Beach with a 1.6-kilometer-long beachfront opened to the public in October 2020 and has already been named `the best place to meet the sunset`. The walking and running paths are lined with 300 illuminated palm trees that create a pleasant shade over holiday makers in the hot sun, and light up the whole area during the evening. Dining options on Palm West Beach include the Bali Beach Restaurant and Koko Bay Bar. Branches of the famous fast-food restaurants, Jones The Grocer, Aprons and Hammers, Lucky Fish, Señor Pico, Orange Chameleon, and others are scattered along the shoreline as well. The new beach serves eight 5-star resorts on the island, including Fairmont The Palm and FIVE Palm Jumeirah Dubai. There area also houses several hotels and residential complexes, such as SOHO Palm Jumeirah, Adagio Aparthotel, Byblos, Hilton Palm Jumeirah, and One Palm. A beach wouldn’t be a beach without watersports, among those available on the beach are kayaking, diving and SUP-board riding. Here one can also rent catamarans, jet skis and equipment for electro surfing.
Five Palm Jumeirah
Five Palm Jumeirah is a luxury complex by Skai Holdings, and is located on the trunk of the island, which means the development is extremely convenient and gives fast access to the major highways of the city. In addition to studios and apartments with 1-4 bedrooms, the complex also houses six detached luxury villas and four townhouses with 4-bedrooms. All of the properties are situated directly next to the shore. The real estate located on the ground floors are complemented by private gardens and swimming pools, with big panoramic windows with sliding panels, balconies and terraces, which gives the impression of an even bigger interior space.Â
One Palm is a new premium residential complex by Omniyat located on the first line of the island. The developer offers 94 ultra-luxury apartments with three and four bedrooms. Investors can also purchase penthouses with five bedrooms. The size of the apartments varies from a generous 2,808 sq. ft to a colossal 21,295 sq. ft. All property units have a view of the Arabian Gulf and a stunning view of the Dubai skyline.Â
 The size of the property units varies from 500 sq. ft. up to 13,000 sq. ft. and offers a new concept of living in a hotel complex. The price for a 1-bedroom apartment in Five Palm Jumeirah is AED 1,550,000 (USD 425,000). A short rent in this complex usually brings a 9.3% ROI. The construction was completed in 2016.
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