Sheikh Mohammed bin Rashid Al Maktoum developed artificial islands in Dubai in 1990, Nakheel Partners, in collaboration with two Dutch Companies, van Oord and Boskalis, acquired the Palm Jumeirah. The artificial island was constructed along the coast of Dubai: Palm Jumeirah
Palm Jumeirah is now known as the eighth wonder of the world, and is most famous for Atlantis; the Palm, spread over 46-hectare attraction, is the world's most visited attraction. The artificial island is lined with luxury apartments and hotels ideal for a lavish lifestyle.
Palm Jumeirah is popular for its ultra-luxury living facilities consisting of villas, apartments, and townhouses. Since it is an island, it offers to live in front of the beach for most of the properties. Most of the villas have a private beach, and the apartments have access to dedicated secluded beaches. Palm Jumeirah offers a peaceful and relaxing lifestyle away from the urban areas. Apartments and villas at Palm Jumeirah are designed with regal interiors with premium furniture and every home has access to world-class amenities like swimming pools, community clubs, gyms, etc.
There is a wide range of different property types such as villas and apartments. These residences are spread out across the different sub-communities. Jumeirah 1 has a combination of villas and studios, 1, 2 and 3-bedroom apartments for both tenants and investors.
One of the world's most luxurious hotels like Atlantis, the Palm Dubai, Jumeirah Zabeel Sarai, Sofitel hotel, and many other popular hotel chains are situated at Palm Jumeirah. It has some of the best water parks globally, like the Aqua venture Waterpark, The Sea Lion Point, Dolphin Bay, and The Lost Chamber Aquarium. Residents can also go for a walk at beachside walkways, public parks like the famous Ittihad Park for a weekend retreat.
Even though Palm Jumeirah is an island it has facilities like hospitals, clinics, and nurses are just a short ride away. Until high school, complete education facilities are available on the Island. Popular schools like the Redwood Montessori and Asya's Nursery are the schools at Palm Jumeirah. People can also shop at the world's best supermarket chains like Spinney’s and WAITROSE and at the Nakheel Mall. Residents can also enjoy the entertainment facilities at the mall including cinema and facilities for family-friendly, fun activities.
As far as transport is concerned, one can travel through Palm Monorail, buses, water buses and taxis.
Average Sale Price
AED 1,271 per square feet for an apartment
Average Rental Price
AED 74 per square feet for an apartment
Average Gross Investment Yield
AED 4.25% for an apartment