ABOUT PALM JUMEIRAH
The self-proclaimed eighth wonder of the world, Palm Jumeirah is the largest manmade island on the planet. Set on the coast of the Arabian Sea, in the dynamic 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 renting luxury apartments according to Bayut’s Annual Real Estate Market Report for Dubai 2020. It is a highly sought-after location for buying properties in Dubai, especially among investors.
|POPULAR AREAS||1-BEDAvg. Yearly RentChange from 2019||2-BEDAvg. Yearly RentChange from 2019||3-BEDAvg. Yearly RentChange from 2019|
|Jumeirah Beach Residence (JBR)||70,000-16.7%||89,000-16.0%||118,000-14.5%|
IN A NUTSHELL
- The largest man-made island in the world
- Built in the shape of a palm tree at the coast of the Arabian Sea
- The self-proclaimed eighth wonder of the world
- Home to a wide collection of beachfront apartments, villas and the iconic hotel resort, Atlantis The Palm
- The monorail connects the different areas in the Palm
Palm Jumeirah is a vibrant residential, tourism and leisure destination of Dubai launched in 2001 following the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum. It spread over an area of 560 hectares and divided into three main areas; The Crescent, Trunk and Fronds.
The community is one that evokes exceptional luxury. The properties around here are equipped with state-of-the-art facilities while a vibrant collection of restaurants, entertainment facilities and a sparkling nightlife offer a perfect lifestyle for socialites. The world-famous iconic destination is developed by master developers Nakheel.
PROPERTIES IN PALM JUMEIRAH
Featuring outstanding luxury living facilities, the properties in Palm Jumeirah include an exceptional collection of hotels, apartments, villas and townhouses. All of the apartments are concentrated on the Trunk of the Palm while all the villas are lined along each of the Fronds. Further, the iconic luxury hotel resort, Atlantis The Palm, is located on the peak of the Palm on the Crescent along with some other resorts such as Anantara The Palm.
Apartments are available in studios to 6-bedroom configuration with an area ranging between 505 sq. ft. to 7,683 sq. ft. These apartments come with an expansive living area, en-suite bathroom and built-in wardrobe in the bedroom, a fitted kitchen and a powder room. A few units also offer a balcony or a terrace along with a laundry room and a maid’s room.
As for villas, the community features 1 to 7-bedroom houses with an area ranging between 5,000 sq. ft. to 32,000 sq. ft. Renting or buying villas is a popular choice for families looking for private residences. There is a wide range of luxury villas catering to several different style choices and floor plans to choose from. There are traditional Arabic style houses, ultra-modern high-tech villas and luxurious vacation homes. Interested tenants can also find townhouses and penthouses in the neighbourhood available in unique layouts. These villas are not only equipped with a range of facilities but also provide direct access to the beach.
RENTAL TRENDS IN PALM JUMEIRAH
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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.
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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.
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.
SALES TRENDS IN PALM JUMEIRAH
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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.
|Villa Type||Average Sale Price in AED|
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.
ROI IN PALM JUMEIRAH
1-bedroom apartments in the Palm, Dubai are found most profitable with 5.5% returns as per the statistics generated at Bayut. Investors can also consider studios and 2-bed flats following closely with 5.2% and 5.1% ROI respectively. 3-beds can generate around 4.1% rental yield.
Those interested in investing in villas and townhouses can go for 1-bed and 2-bed units. The two villa types top the list with the highest rental yields of 5.3%. 4 and 5-bedroom houses also closely follow with 3.7% ROI while 3-bed units offer 3.4% returns.
MOST POPULAR COMMUNITIES IN PALM JUMEIRAH
The master project is home to several apartment buildings and villa communities offering a range of property types to choose from. Interested tenants can take a look at the most popular communities in Palm Jumeirah Dubai to make their choice.
- Shoreline Apartments
- Garden Homes Palm Jumeirah
- Signature Villas Palm Jumeirah
- Marina Residences
- The Crescent
Among the various developments, Shoreline Apartments on the trunk features a collection of 20 mid-rise buildings. Offering a range of 1 to 4-bed apartments, the project tops the list of the most popular developments in Palm Jumeirah Dubai. The building features luxurious penthouses for rent spanning across 5,640 sq. ft. Also, interested investors can find duplex 4-bedroom penthouses for sale in Shoreline Apartments with prices ranging from AED 3.8M to AED 10M.
Following Shoreline, Garden Homes offer an exclusive collection of villas located on the fronds of Palm Jumeirah. As the name suggests, the properties in this cluster come with private lawns and pools. One can choose to get 4 to 5-bedroom villas in Garden Homes offered at relatively competitive rents.
Similarly, Signature Villas are popular-favourite for anyone looking to buy or rent independent properties. The sub-community is located on the fronds with some offering views of the Atlantis resort. These luxurious villas are found in 5-bed and 6-bed configurations. Prices start from AED 2.4M to rent a 6-bedroom house and AED 18.2M to buy 6-bed Signature Villas Palm Jumeirah.
Rounding up the list, we have Marina Residences, a cluster of 6 and The Crescent, a residential sub-community.
PALM JUMEIRAH FLOOR PLANS
If you are looking for Palm Jumeirah floor plans, check out the various layouts on Bayut’s official website for each building/community.
HOTELS IN PALM JUMEIRAH
This man-made island is not only a residential paradise but a perfect holiday destination for tourists. There are many beachfront hotels and resorts, each with a unique set of amenities and entertainment facilities on offer. We will look into a few top-favourite hotels in Palm Jumeirah including:
- Hotel Fairmont The Palm
- Atlantis The Palm
- Anantara The Palm
- FIVE Palm Jumeirah Hotel
- C Central Resort The Palm
Starting from The Crescent on the left, Hotel Fairmont is a premium 5-star lodging hotel with access to a private beach. It is also close to Dubai Marriott Harbour Hotel, another 4-star staycation on the list. Dukes The Palm is a 5-star hotel on the trunk. Besides many waterfront suites, it has an indoor pool, spa, restaurants and bars.
Atlantis The Palm is a major highlight of this area. It requires no introduction to being one of the most visited tourist sites in Dubai. Helicopter tours at the Atlantis and family-favourite, water park adventures keep the resort booked in all four seasons. Last but not the least, FIVE Palm Jumeirah Hotel is another 5-star hotel featuring 470 luxurious rooms with city views. The hotel has a range of facilities such as restaurants, a fitness centre, spa and steam and sauna room. The private beach is another foremost feature of the 5-star hotel.
TRANSPORTATION AND PARKING SPACES IN PALM JUMEIRAH
As for parking spaces in Palm Jumeirah, most apartments and villas come with a dedicated parking facility for residents, otherwise, there is street parking available.
PUBLIC TRANSPORTATION IN PALM JUMEIRAH
The Palm Monorail is a popular mode of public transportation in Palm Jumeirah Dubai. Visitors and tourists can explore the landmarks of the neighbourhood using the 5.5 km monorail line. Currently, it has four stations operating; the Palm Gateway station, Al Ittihad Park station, Nakheel Mall station and Atlantis Aquaventure Waterpark station while The Pointe station is scheduled to open soon in 2021. Other means of public transportation include tram and taxi service.
AMENITIES, SCHOOLS AND HEALTHCARE
SUPERMARKETS IN PALM JUMEIRAH
There are several supermarkets in Palm Jumeirah dotted along its Trunk. These include Allday Fresh Supermarket, Choithrams, Cherry Express Mini Mart and Spinneys. Residents can also shop daily essentials from Union Coop which is one of the best supermarkets in Dubai. Other options include Waitrose and Quick Buy Supermarket.
CHURCHES, TEMPLES AND MOSQUES IN PALM JUMEIRAH
Abdul Rahman Siddik Mosque in Palm Jumeirah is one of the most beautiful mosques in Dubai. The mosque features a dome and a 49m high minaret while the facade has layers of rough stones and patterned glass. It can accommodate 800 people while the dedicated prayer area for women has a capacity of 200 females. It also has ample parking area to facilitate residents for congregational prayers.
For those who follow other faiths, the Fellowship, A Christian Church in Dubai is only 10-minute away from the entrance of the Palm. Christian fellows can also reach Emirates Baptist Church and United Christian Church of Dubai in under 13-minute or longer depending upon which part of the island you are living in. The nearest temple is the Shirdi Sai Baba Temple which takes around 11 minutes to reach from the neighbourhood.
SCHOOLS IN PALM JUMEIRAH
There are several nurseries in Palm Jumeirah where you can send younger kids. Blossom Nursery follows EYFS British Curriculum for children aged 4 months to 6 years. It is a part of Babilou Education and located on the mezzanine floor of Golden Mile Galleria Building 3. Other notable options include Redwood Montessori Nursery and Asya’s Nursery.
Parents with school-going children do not have to worry about their schooling as there are several options at easily accessible locations. GEMS Wellington International School and American School of Dubai are popular schools near Palm Jumeirah Dubai. The International School of Choueifat in Al Sufouh area is another notable option. The school offers the SABIS Educational System for children from Kindergarten to Grade 12. It will take a 6-minute drive to reach the school.
The waterfront community is just next to Dubai Knowledge Park where there are several educational institutions as well as universities such as Middlesex University, University of Wollongong and the American University of Dubai. There is also a music and dance school in Palm Jumeirah called the Melodica Music Centre. The centre offers individual or group lessons classes for children, adults and professionals as well.
CLINICS AND HOSPITALS IN PALM JUMEIRAH
Some medical clinics in Palm Jumeirah are the Emirates Hospitals Clinic Palm Jumeirah, Dr Joy Dental Clinic, ConfiDent Dubai Palm and Al Das Medical Clinic. You can also reach Al Zahra Hospital Dubai at Sheikh Zayed Road in a 10-minute drive from the Trunk as well as the Canadian Hospital Dubai in under 15-minutes from the Palm.
Palm Jumeirah sits on the Arabian Gulf with a wonderful view of the coastline of Dubai and the iconic sail-shaped hotel, Burj Al Arab. The community is located right across Knowledge Village and Dubai Internet City.
It also neighbours the residential hub and leisure destination, Dubai Marina. The community is accessible from the central marina in around 12 minutes by car via route D92. There’s Jumeirah Lake Towers on one side of the Palm along and Al Sufouh 1 on the other.
Further, residents have easy access to several residential clusters such as the Emirates Living Communities; The Greens, The Views and The Meadows.
SHOPPING, DINING AND NIGHTLIFE
MALLS IN PALM JUMEIRAH
Palm Jumeirah is a paradise for shoppers as it is home to three glitzy shopping malls including Golden Mile Galleria, The Pointe by Nakheel and Nakheel Mall. The iconic Golden Mile Galleria spread over an area of 400,000 sq. ft. with around 70 retail outlets of famous brands, dining options, a fitness centre and much more. It is located adjacent to Al Ittihad Park.
The Pointe by Nakheel is another shopping mall featuring 1.5km promenade, dine-in cinema, dining facilities and ample parking spaces. The Palm Fountain is the foremost feature of the shopping mall. Located on the trunk, Nakheel Mall is the latest shopping destination offering over 300 retail outlets, a 15-screen cinema complex and a range of dining facilities across five levels. Nakheel Mall Rooftop is a fine dining plaza while The View is a public observation deck connected with the Palm Tower offering spectacular views of Dubai skyline and Arabian Gulf.
PALM JUMEIRAH RESTAURANTS
There is an abundance of restaurants in Palm Jumeirah. You can choose from a range of culinary varieties native to several different parts of the world. Here’s a list of just a few to mention:
- White Restaurant
- Saffron Restaurant
- Kaleidoscope Buffet
- Il Passaggio
- Sapori Restaurant
- The Locale
You can dine at the Simply Italian Restaurant and the Cinque for some classic Italian flavour, Frevo in Fairmont The Palm is best for Brazillian cuisine and Miyabi Sushi & Bento will satisfy your Japanese cravings. Some other restaurants you can find are the Great British Restaurant, West 14th Steakhouse and many more. Some cafes in the area for casual dining include:
- Classic Rock Cafe at The Pointe
- Guylian Belgian Chocolate Cafe
- Arabiska Cafe
- Cafe Nero
- Boon Coffee Roasters
The Pointe is home to a wide range of casual and fine-dining restaurants overlooking the water. Popular casual dining restaurants in The Pointe include Bareburger, La Brioche and more. Well-known fine dining restaurants are Kyo Restaurant offering Japanese cuisine and Rue Royal Restaurant which is a French eatery. Those looking for nightlife options can find several pubs and bars in Palm Jumeirah. These include 101 Dining Lounge and Bar, Bushman’s Restaurant and Bar and Barrel 12.
BEACHES IN PALM JUMEIRAH
You can’t really talk about Palm Jumeirah without mentioning the beaches. One of the main highlights of the residences in this man-made wonder is the exceptional beachfront living that it offers. Each of the villas along the fronds has their own private beach. Other than that, it is also home to some of the popular private beaches in Dubai attached to luxury hotels and resort. FIVE Palm Jumeirah, Sofitel The Palm and One&Only Royal Mirage are a few of them. Other beach activities on Palm Jumeirah include snorkelling and wildlife encounters at Aquaventure Waterpark.
LEISURE ACTIVITIES AND NOTABLE LANDMARKS
The Palm Jumeirah island itself is one of the most notable landmarks of Dubai and the world at large. Within the community, the most notable landmark is the luxury hotel, Atlantis The Palm. Set at the apex of the Palm at the centre of the wide Crescent, Atlantis is more than just a hotel, it is the ultimate leisure destination. There are a number of leisure and entertainment facilities available here such as the Aquaventure Waterpark, Dolphin Bay, Sea Lion Point and the Lost Chambers Aquarium, all of which are perfect for water-sports enthusiasts.
OUTDOOR ACTIVITIES, FITNESS AND BEAUTY
The island promotes outdoor activities in various ways. There are several parks in the area and the Boardwalk, which stretches along the outer Crescent in Palm Jumeirah is a favourite for hiking as it overlooks the Arabian Sea and provides a pleasant sea breeze. Some of the parks that you can find here are Al Ittihad Park, Palm Jumeirah Park and Palm Island Dubai.
As for gyms in Palm Jumeirah, many of the residential developments have their own fitness facilities. There is also a Platinum Fitness First in the Golden Mile Galleria. There is a kids gym too, called the Little Gladiators Kids Gym. Those who look for fancy rowing a boat to get fit or just for fun can find Monty’s Rowing School & Club. For the yogis and its aspirants, there is the Yoga La Vie Dubai.
Some of the beauty salons and spas in Palm Jumeirah are the Vanilla by Jelena in the Shoreline Apartments building 10, Esthetic Sense in Golden Mile, The Loft Fifth Avenue, Toni & Guy among several others. There is also a bridal shop called the Bridal Makeover.
Just when you think you are done exploring the self-proclaimed 8th wonder of the world, Palm Jumeirah, the developers add a new destination to the wish-list. One such development is the Palm Tower by the leading real estate development company in Dubai. It is a 52-storey five-star hotel and residential development consist of 432 apartments and St. Regis Dubai – The Palm. The tower will also feature an infinity pool on the 50th floor, a signature restaurant on 51st floor and a viewing deck on the 52nd floor. Residents will enjoy direct access to the Nakheel Mall from the Palm Tower. The structural work of the tower has been completed and the apartments for sale in Palm Tower are available for interested investors. The handovers are expected in Q1 2021.