Palm Jumeirah
Palm Jumeirah constitutes an artificial island
Palm Jumeirah constitutes an artificial island, designed in the shape of a palm tree featuring sixteen symmetrical fronds. Positioned on this island are luxurious villas, extravagant hotels, an impressive water park, and numerous kilometers of stunning beaches.
While smaller in comparison to Palm Jebel Ali and Palm Deira, Palm Jumeirah holds the distinction of being the inaugural project of its kind. It stands as an iconic symbol of the UAE, alongside landmarks such as the Burj Al Arab and the Burj Khalifa. This colossal man-made island, spanning five kilometers into the Arabian Gulf, represents Dubai's relentless pursuit of the seemingly unattainable. Its construction, requiring six years and a staggering USD 12 billion, has transformed it into a globally recognized brand.
Presently, the island encompasses 560 hectares, equivalent to the size of 600 football fields.
Infrastructure
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 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.
Economic appeal
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.
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.
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