Invest in Palm Jumeirah Properties

The self-proclaimed eighth wonder of the world, Palm Jumeirah is the biggest manmade island on the earth. Set on the coast of the Arabian Sea, in the unique city of Dubai, it is an eye-catching landmark of the world. As the name suggests, it is built in the shape of a palm tree which is a common plant in the Middle East. The island constitutes of the Trunk, the Crescent and 16 Fronds, together forming its unique shape. This area is home to an exceptional collection of luxury villas, townhouses, apartments and hotels. Boasting world-class facilities and aesthetic views, living in Palm Jumeirah is an experience in itself. You can find an assortment of gourmet restaurants, chic cafes, adventurous entertainment facilities that serve both the faint of heart and the adrenaline junkies.

Palm Jumeirah Dubai comes third among the most popular areas for leasing luxury apartments. It is a highly sought-after location for buying properties in Dubai, especially among investors.

Apartments for sale in Palm Jumeirah

The price for apartments for sale in Palm Jumeirah Dubai starts at AED 778k for studios apartments, 1-bedroom flats are priced from AED 1.6M, whereas 2-bedroom apartments average at AED 2.3M. A standard 2-bed unit spans around 1,650 sq. ft. featuring ample outdoor space. Those looking for more space can invest in a 3-bed apartment for sale or a 4-bedroom flat in Palm Jumeirah, priced from AED 4.1M and AED 13M respectively.

Golden Mile and The Fairmont Palm Residences are popular buildings for buying apartments in Palm Jumeirah Dubai. Both the apartment buildings offer 1, 2 and 3-bedroom units equipped with high-quality interiors.

See also: Villas for sale in Dubai

SALES TRENDS IN PALM JUMEIRAH

Apartment Type	Average Sales Price in AED
Studio	778,000
1-Bed	1,634,000
2-Bed	2,306,000
3-Bed	4,134,000
4-Bed	13,912,000
5-Bed	33,158,000

Villas for sale in Palm Jumeirah

The development is also widely popular for buying villas in Dubai. There is a range of new, ready to move-in and furnished villas for sale with prices starting from AED 5.8M. The prices start from AED 6.7M for 3-bedrooms houses and AED 9.7M for 4-bedroom villas for sale.

The prices for the apartments and villas vary according to which development collection it falls under and the type of floor plans and sizes. Obviously, the luxury developments have a heftier price tag compared to the mid-end properties, leading to a large price range for the same property type. Getting a luxurious 5-bedroom villa for sale in Palm Jumeirah costs around AED 6.8M at the minimum while the sale price of 6-bedroom villas starts from AED 14M.

Villa Type	Average Sale Price in AED
1-Bed	2,396,000
2-Bed	3,528,000
3-Bed	6,784,000
4-Bed	9,753,000
5-Bed	16,325,000
6-Bed	34,741,000
7-Bed	45,572,000

RENTAL TRENDS IN PALM JUMEIRAH

You can find a wide array of residential buildings that offer studios to 4-bedroom apartments as well as 5-bedroom luxury penthouses. Some popular apartment developments include Shoreline Apartments, Oceana, Marina Residences and Tiara Residences among several others. Most of the residential apartments offer beautiful views across the Arabian Gulf.

If you are looking for renting an apartment in Palm Jumeirah Dubai, you can expect to pay a starting annual rent of AED 58k for studios and AED 101k for 1-bedroom flats. Due to the location, views and luxury construction, rental trends tend to fall on the higher end of the spectrum. Renting a 2-bedroom apartment in Palm Jumeirah would cost around AED 124k while 3-bed apartments are up for rent at a starting price of AED 159k.

Similarly, a larger unit spanning across 4,500 sq. ft., say, 4-bedroom apartments for rent in Palm Jumeirah require an annual sum of around AED 319k. If you are interested in renting a penthouse in Palm Jumeirah, the options range from 3, 4 and 5-bed units in Tiara Residences, Shoreline Apartments, The Crescent and Marina Residences.

Apartments for Rent in Palm Jumeirah

Apartment Type	Average Rental Price in AED
Studio	58,000
1-Bed	101,000
2-Bed	124,000
3-Bed	159,000
4-Bed	319,000
5-Bed	545,000

On the other hand, the villas for rent in Palm Jumeirah Dubai come with a yearly price tag that starts from AED 129k. These properties are most suitable for anyone looking to live closer to the waterfront at a self-sustained location. There’s a range of rental properties on offer including furnished villas in Palm Jumeirah, brand new units, independent houses with private garden and pool and luxury villas for rent.

For a 3-bedroom villa, you will need around AED 210k and over AED 347k for renting 4-bedroom villas. The rents for 5-bedroom villas start from AED 350k and AED 1.1M for 6-bed villas in Palm Jumeirah.

See also: Apartments for sale in Dubai

According to your needs and preferences, you can choose from a plethora of cosy 2-bedroom homes and spacious 3-bedroom villas all the way to luxury 7-bedroom mansions. Some of the popular collections in the Palm are Signature Villas, Golden Homes and Canal Cove. Interested tenants can also rent a house in Kingdom of Sheba which is one of the popular areas to rent villas in Palm Jumeirah Dubai.

Villas for Rent in Palm Jumeirah

Villa Type	Average Rental Price in AED
1-Bed	129,000
2-Bed	184,000
3-Bed	210,000
4-Bed	347,000
5-Bed	451,000
6-Bed	726,000
7-Bed	855,000

Most Popular Areas in Palm Jumeirah

Shoreline Apartments
Garden Homes Palm Jumeirah
Signature Villas Palm Jumeirah
Marina Residences
The Crescent