Properties for Sale in Palm Jebel Ali
Top Project in Palm Jebel Ali
Palm Jebel Ali
One of the most long awaited developments in the emirate Palm Jebel Ali, all set to become the most desirable areas for living and entertainment, adding 110 km to the coastline of Dubai.
After the development of Palm Jumeirah island by Nakheel Properties the iconic developer “ Nakheel” all set to resort-like lifestyle destinations located south of the Jebel Ali Free Zone. According to Vice President, Prime Minister, and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, Palm Jebel Ali is the most sensational development in the city in the past decade, as Palm Jebel Ali is now Dubai’s largest island.
This amazing development will galvanize residents and visitors with the Emirates’ longest coastline of 68 miles, with many world-class luxuries. Among the joint offerings are entertainment zones, water sports facilities, cycling and pedestrian trails, beach camping areas, and family spaces, perfect for a fun to spend a, wonderful day with your friends and family. The island will accommodate more than 80 resorts, hotels, and leisure venues for residents’ comfort.
In line with the Dubai 2040 Urban Master Plan, the designer will use smart home technology and endurable techniques to minimize the environmental influence of Palm Jebel Ali. For instance, up to 30% of its energy will be developed from renewable sources, making the eco-friendly island self-sufficient.
Infrastructure
Palm Jebel Ali will become a peaceful shelter minutes from the busy city. You can easily reach any part of Dubai by connecting the Sheik Zayed Road. The island is just 10 to 15 minutes from one of Dubai’s most popular tourist destinations, Dubai Marina.
Attraction
The co-founder of a Canadian architectural company, Michael R. Henderson, plans to construct a dazzling replica of a 900-foot moon at the top of a 100-foot building on Palm Jebel Ali named MOON, the fabulous 5B USD Project will accommodate a 4,000-room hotel, an arena with the capacity to hold 10,000 people, and the genuine Lunar Colony.
In extra, there will be a 6-star hotel, a private members’ club, a spa, a nightclub, a moon shuttle, and training services. Individuals can own a property in the MOON, as the Project will offer 500 luxury apartments and 300 luxury-style elegant Sky Villas. According to the co-founder of a Canadian architectural company, Michael R. Henderson, the MOON is set to become the MENA region’s most significant and most successful tourism Project in Dubai. The Project is expected to double the annual tourism visits to Dubai due to its attraction and amazing offers. The MOON will be able to quickly adapt to more than 10 million guests annually.
Economic Appeal
Palm Jebel Ali is likely to offer 35,000+ families upon completion. It will be ideal for those who want to enjoy the ultimate luxurious beachside living with a wide passage of leisure and amusement facilities.
There is a massive demand for high-spec waterfront properties in Dubai, owing to an inflow of wealthy people who choose the emirate as their second residence. By the success of Palm Jumeirah, which has become Dubai’s most luxurious Project with elegant style homes, Palm Jebel Ali will also have a substantial investment appeal for HNWIs and UHNWIs.
As per Bayut & dubizzle, in Q1 2023, the price per sq. ft. For apartments in Palm Jumeirah, the price has increased by 8.7%, corresponding to Q4 2022. The average cost per sq. ft on Palm Jumeirah is AED 2K (544USD). Such an increase in property worth will surely help Palm Jebel Ali meet the demand.
The tourism sector will also feel the effects of Palm Jebel Ali, as the development will create numerous opportunities for youth in the new resorts, hotels, etc. Huge Appreciation for the project’s unique offerings, such as the MOON described earlier, short-term rental possessions here will be in strong demand among visitors to Dubai.
- West Avenue Residential Complex
- Botanica Residence
- The Royal Oceanic Private Residence
Popular Properties
In the first stage, the magnificent island will offer two collections of limited-edition villas: The Beach Collection and The Coral Collection. Both of them have grand residences in 8 unique styles. In addition, you can purchase villa plots. With the view of Reflecting azure waters, these villas are spread across four fronds.
The bedroom design will range from 5 to 7, while the total size is 7,000-20,000 sq. ft. You can enjoy an equatorial healthy environment from the comfort of your home, as each residency has beach connectivity. The key features of the open-plan designs include an intimate swimming pool, a garden, a housekeeper’s room, a driver’s room, a study, a garage, balconies, a roof lounge, and much more beyond your imagination. As of September 2023, the initial price for a grand property on Palm Jebel Ali is AED 18M (USD 4.9M).
Palm Jebel Ali Apartment's and Villas
The Palm Jebel Ali projects include luxury residential developments like apartments, villas, townhouses, lands, and plots. It’s for the first time the Palm Jebel Ali vice president announces to introduce the state-of-the-art luxury “Palm jebel Ali Apartments” which were fully renovated and equipped with world-class facilities. Here, you can enjoy all the facilities and amenities under one roof.
To make the living experience of Palm Jebel Ali Apartments, the developer company hired expert and qualified engineers, and with their help, they will work on the interior fittings, glazing, and reinforced concrete structures.
In the first Phase Palm Jebel Ali offers studios and 1, 2 & 3 bedroom Luxury Apartments from where you can enjoy the breathtaking scene of Jebel Ali beach.
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FAQ
Most frequent questions and answers
What is the property market trend in UAE?
The UAE’s real estate sector contributes around 5.5% of the GDP of the country, and it has been on the rise since 2022 as both rental rates and home prices have increased. Dubai’s transaction volume reached its highest level for the first quarter ever observed in the area in the first quarter of 2022.
What are the main types of investment properties in Dubai?
In Dubai, investors can choose between villas, apartments, townhouses, penthouses, duplexes, and plots and lands.
What are the main areas for foreigners to buy property in UAE?
In Dubai, there are specific zones where foreigners can purchase real estate. These locations, such as the Palm Jumeirah, Downtown Dubai, Dubai Marina, Arabian Ranches, and Jumeirah Beach Residence, are decided upon by the Ruler of the Emirate of Dubai.
Can I live in Dubai if I buy a property?
Real estate purchases in Dubai may result in the buyer receiving a residence permit. The property must be finished at the time of purchase and worth at least AED 1 million to qualify for the UAE investor visa program. Dependents may also be sponsored by real estate purchase residence visa holders.
What is the future of real estate in the UAE?
The real estate industry in the UAE is anticipated to increase by 2.97% between 2023 and 2028, reaching a market volume of US$0.80 trillion by that year. The important characteristic that makes the UAE a desirable location for real estate investment is what is driving this expansion.
How to invest in UAE real estate?
Here are some tips to invest in UAE real estate:
- Know About Different Property Types and Their Worth
- Research the Market Status and Risks
- Property Investment in Dubai
- Don’t Sacrifice Location
- Choose Areas with High Rents and Demand
- Spend Time in the Area
- Luxury Property Buyers Should Have Financial Resources
- Investing in Residential Properties Offers Shortcuts for Legal Residency
- Seek Expert Advice When Investing in Dubai Real Estate
Can foreigners invest in real estate in Dubai?
Yes, foreigners are permitted to purchase real estate in the UAE. There are, however, certain geographical limitations. Citizens of the UAE or the Gulf Cooperation Council (GCC) may buy real estate anywhere in Dubai.
Is there a property tax in Dubai?
There is no taxation on owning properties in Dubai.
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