Properties for Sale in Palm Jumeirah
Apartments, Villas, Houses for Sale in Palm Jumeirah
Starting Price: 21 Million AED
Developer: Nakheel Properties
Starting Price: 4.6 Million AED
Developer: Ellington Properties
Starting Price: 22 Million AED
Developer: Omniyat Properties
Starting Price: 3.6 Million AED
Developer: Nakheel Properties
Palm Jumeirah
Palm Jumeirah is the largest artificial island in the world, located on the coast of the Arabian Gulf in Dubai. It is modeled on a palm tree with 17 founders, a trunk, and a crescent. It is considered an architectural marvel as this project is the first of its kind. Palm Jumeirah is one of the most prestigious areas in the world. It is famous for its luxurious villas, townhouses, restaurants, and hotels. One icon it has is an ultra-luxurious Atlantis Hotel that has also been featured in numerous films worldwide.Â
The project was developed by Nakheel Properties, one of the Gulf Region’s most popular and reputable developers. It is one of the most sought-after areas as it provides all the necessary luxury amenities with a taste of a serene environment. People often go sky-diving to see the island from above and appreciate its beauty.
The area features plenty of luxurious cafes, restaurants, entertainment facilities, and nightlife establishments, including Golden Mile Galleria, Boardwalk, Nakheel Mall, and The Pointe. Due to high returns, the area is trendy among investors from all over the world. The luxury lifestyle is synonymous with Palm Jumeirah; many millionaires and billionaires have bought properties in the area. It is a trendy tourist destination. Palm Jumeirah is also located in an excellent location which only takes:
- 10-minute drive to reach Dubai Marina.
- 20-minute drive to reach Downtown Dubai.
- 35-minute drive to reach DWC Airport.
- 45-minute drive to reach DXB Airport.
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Other Localities in Dubai
Dubai Maritime City
Palm Jumeirah
Dubai studio city
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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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