Real estate in Palm Jumeirah

Palm Jumeirah is a man-made archipelago in Dubai known for its luxury villas, apartments and hotels. It is one of the most prestigious neighborhoods in Dubai, where life booms 24/7.

Why buy real estate in Palm Jumeirah?

• Prestige: Palm Jumeirah is a symbol of luxury and success. Owning a property here is a sign of status and an investment in the future.
• Exclusivity: Real estate in Palma Jumeirah is limited, making it even more valuable.
• Variety: There are properties to suit all tastes and budgets, from skyscraper apartments to luxury beachfront villas.
• Convenient location: Palm Jumeirah is only 20 minutes drive from the center of Dubai.
• Developed infrastructure: On the territory of Palma Jumeirah has everything you need for a comfortable life: stores, restaurants, cafes, beaches, playgrounds, gyms and much more.
• Safety: Palm Jumeirah is one of the safest neighborhoods in Dubai.

Types of real estate in Palma Jumeirah

• Apartments:
  • Apartments in Palm Jumeirah come in a variety of options, from studios to penthouses.
  • They can be furnished or unfurnished.
  • The area of the apartments can vary from 30 to 300 m².
  • The price of apartments in Palm Jumeirah starts from AED 700,000 (USD 190,000).
• Villas:
  • Villas in Palma Jumeirah are luxurious mansions with private beaches, pools and gardens.
  • The villas can range in size from 200 to 1000 m².
  • Villas can have from 3 to 7 bedrooms.
  • The price of villas in Palm Jumeirah starts from AED 5,000,000 (USD 1,360,000).
• Hotels:
  • The Palm Jumeirah is home to some of the most luxurious hotels in the world, such as Atlantis The Palm, Jumeirah Zabeel Saray and Waldorf Astoria Dubai Palm Jumeirah.
  • The hotels offer rooms, suites and penthouses.
  • Room rates at the Palm Jumeirah hotels start from AED 1,000 (USD 272) per night.

Investing in Palm Jumeirah Real Estate

Real estate in Palm Jumeirah is not only a luxurious living but also a profitable investment.

• High demand: The demand for real estate in Palm Jumeirah is constantly growing, which guarantees high liquidity of investment.
• Rental income: Real estate in Palma Jumeirah can be rented out, which can generate a steady income.
  • Rental yields for apartments in Palma Jumeirah range from 7% to 10% per annum.
  • Rental yields on villas in Palma Jumeirah is from 5% to 8% per annum.
• Price growth: Property prices in Palma Jumeirah are constantly increasing, which guarantees capital appreciation.
  • Over the last 5 years, real estate prices in Palme Jumeirah have increased by 20%.
  • Real estate prices in Palma Jumeirah are expected to increase by another 30% in the next 5 years.

How to buy real estate in Palma Jumeirah

• Real Estate Search:
  • You can find real estate in Palma Jumeirah on the websites of real estate companies.
  • There are many Russian-speaking real estate companies in Dubai that will help you find the right property.
  • You can find properties on real estate developers’ websites.
  • You can find properties on classifieds sites.
• Check the property: Before buying a property, you need to thoroughly check the property and its legal cleanliness.
  • Make sure that the seller has all the necessary documents for the property.
  • Make sure that the property is not mortgaged.
  • Make sure that there are no encumbrances on the property.
• Dealing: Buying and selling real estate in Dubai is done through the Dubai Land Department (DLD).
  • You will need to open an account in a Dubai bank.
  • You will need to obtain a TIN (Emirates ID).
  • You will need to pay the DLD fee.
  • You will need to register the transaction with the DLD.

Additional costs

• DLD duty: 4% of the transaction value.
• Agency fee: 2% of the transaction value.
• Registration fee: AED 2,000 (USD 545).
• Other costs: legal services, translation of documents, real estate valuation.

Useful tips

• Use an experienced realtor when looking for Palma Jumeirah real estate.
• Before buying a property thoroughly check the object and its legal cleanliness.
• Make sure that the purchase and sale of real estate through the Dubai Land Department (DLD).

Jumeirah Palm is an ideal place to live, vacation and invest.

Real estate in Palm Jumeirah is a great investment decision. It can generate stable rental income and guarantees capital appreciation in the long term.