Off-plan Properties Palm Jumeirah

Last Updated on August 1, 2023 by Bram Vermolen

Off-plan properties are properties that are sold before they are completed or even started. They are usually offered by developers at attractive prices and flexible payment plans, with the promise of high returns and capital appreciation.

Off-plan properties in Palm Jumeirah, Dubai, are especially appealing to investors and buyers who want to own a piece of the world’s largest man-made island, known for its luxury lifestyle, stunning views and iconic landmarks.

About Palm Jumeirah

Palm Jumeirah is a master-planned development by Nakheel, one of the leading real estate developers in Dubai. It is an artificial archipelago that resembles a palm tree, with a trunk, 16 fronds and a crescent. It covers an area of 560 hectares and extends 5 km into the Arabian Gulf. Palm Jumeirah is home to over 30,000 residents and hosts some of the most prestigious hotels, resorts, restaurants and attractions in the world. It is also a popular tourist destination, attracting millions of visitors every year.

How Is The Dubai Palm Jumeirah Real Estate Market?

The Dubai Palm Jumeirah real estate market is one of the most dynamic and resilient markets in the region. It offers a wide range of properties for sale and rent, from apartments and villas to penthouses and hotel apartments. The market caters to different budgets, preferences and lifestyles, with properties ranging from affordable studios to ultra-luxury mansions. The market also benefits from the high demand for waterfront living, the premium location and the excellent amenities and facilities available on the island.

How Is The Off-Plan Property Market In Palm Jumeirah?

The off-plan property market in Palm Jumeirah is booming, as developers launch new projects and offer attractive incentives to buyers and investors. Off-plan properties in Palm Jumeirah are highly sought-after for their potential capital appreciation, rental income and long-term value. They also provide an opportunity to own a property in one of the most prestigious and exclusive locations in Dubai, with access to world-class amenities and services.

What Are The Benefits Of Off-Plan Property In Palm Jumeirah?

Some of the benefits of off-plan property in Palm Jumeirah are:

1. Lower prices: Off-plan properties are usually priced lower than ready properties, as developers offer discounts and incentives to attract buyers and secure funding for their projects.
2. Flexible payment plans: Off-plan properties often come with flexible payment plans that allow buyers to pay in instalments over a period of time, without any interest or mortgage fees.
3. Customisation options: Off-plan properties give buyers the option to choose their preferred layout, design, finishing and fittings, according to their taste and requirements.
4. High returns: Off-plan properties have the potential to generate high returns on investment, as they appreciate in value over time due to the increasing demand and limited supply of properties on the island.
5. Rental income: Off-plan properties can also generate rental income for investors who wish to lease their properties once they are completed and handed over.

What Are The Disadvantages Of Off-Plan Properties In Palm Jumeirah?

Some of the disadvantages of off-plan properties in Palm Jumeirah are:

1. Delayed completion: Off-plan properties may face delays in completion due to various factors such as market conditions, regulatory approvals, construction issues or force majeure events. This may affect the expected delivery date and quality of the property.
2. Market fluctuations: Off-plan properties are subject to market fluctuations that may affect their value and demand. If the market declines or stagnates, buyers may face difficulties in selling or renting their properties or recovering their investment.
3. Developer risk: Off-plan properties depend on the reputation and reliability of the developer. If the developer fails to deliver the project as promised or goes bankrupt, buyers may lose their money or face legal disputes.
4. Lack of physical inspection: Off-plan properties are sold based on brochures, floor plans, mock-ups and show apartments that may not reflect the actual size, shape, view or quality of the property. Buyers may not be able to inspect or verify the property until it is completed and handed over.

What Is The ROI On Off-Plan Properties In Palm Jumeirah?

The return on investment (ROI) on off-plan properties in Palm Jumeirah varies depending on several factors such as the location, type, size, price, quality and demand of the property. According to Bayut.com’s index, the average ROI for apartments in Palm Jumeirah was 6.8% in Q1 2021, while the average ROI for villas was 5.2%. However, these figures may change over time as the market conditions and the supply and demand of properties on the island evolve. The following table shows the average ROI for some of the popular off-plan projects in Palm Jumeirah, based on the data from Offplan-properties.ae:

Project Name	Property Type	Average Price (AED)	Average ROI (%)
Raffles Residences and Penthouses	Apartment	14,800,000	7.0
Palm Beach Towers	Apartment	5,500,000	6.5
Como Residences	Apartment	21,000,000	6.0
One Crescent Palm	Apartment	17,500,000	5.8
Ocean House	Apartment	9,643,828	5.5
Orla by Omniyat	Apartment	22,658,000	5.2
Six Senses	Apartment	12,499,999	4.8
NH Dubai The Palm	Apartment	1,030,888	4.5
The Ellington Collection	Villa	19,000,000	6.2
Palm Jumeirah Plots	Villa	399,999,888	5.0

Why Is Palm Jumeirah Off-Plan Property Interesting For Real Estate Developers?

Palm Jumeirah off-plan property is interesting for real estate developers because it offers them a chance to showcase their creativity, innovation and quality in one of the most prestigious and competitive markets in Dubai. By launching off-plan projects on the island, developers can attract local and international buyers and investors who are looking for unique, luxurious and exclusive properties. Developers can also benefit from the high demand and limited supply of properties on the island, as well as the strong brand recognition and reputation of Palm Jumeirah as a global landmark.

Why Is Palm Jumeirah Off-Plan Property Interesting For Real Estate Investors?

Palm Jumeirah off-plan property is interesting for real estate investors because it offers them a lucrative opportunity to invest in one of the most sought-after and resilient markets in Dubai. By investing in off-plan projects on the island, investors can enjoy lower prices, flexible payment plans, customisation options and high returns on investment. Investors can also benefit from the potential rental income, capital appreciation and long-term value of their properties, as well as the prestige and status of owning a property on Palm Jumeirah.

Why Is Palm Jumeirah Off-Plan Property Interesting For Off-Plan Buyers?

Palm Jumeirah off-plan property is interesting for off-plan buyers because it offers them a dream opportunity to own a property on one of the most iconic and desirable locations in Dubai. By buying an off-plan property on the island, buyers can choose their preferred property type, size, design, finishing and view, according to their taste and budget. Buyers can also benefit from the lower prices, flexible payment plans, high quality and warranty of their properties, as well as the access to world-class amenities and services on Palm Jumeirah.

What To Consider When Buying Off-Plan Properties in Dubai Palm Jumeirah?

Buying an off-plan property in Dubai Palm Jumeirah is a major decision that requires careful consideration and due diligence. There are several factors that buyers should take into account before signing a contract and making a payment. Some of these factors are:

1. Developer reputation

The reputation and credibility of the developer is one of the most important factors to consider when buying an off-plan property. Buyers should research the developer’s background, track record, financial stability, legal status and customer feedback. Buyers should also check if the developer has obtained all the necessary approvals and permits from the relevant authorities, such as the Dubai Land Department (DLD), the Real Estate Regulatory Agency (RERA) and the Dubai Municipality. Buyers should also verify if the developer has registered the project with the DLD and opened an escrow account for the project, as per the law.

2. Project location

The location of the project is another key factor to consider when buying an off-plan property. Buyers should evaluate the location in terms of its accessibility, connectivity, infrastructure, amenities, facilities, views, security and future development plans. Buyers should also compare the location with other similar projects on the island and assess its market value and demand. Buyers should also visit the site and inspect the surroundings and the progress of the construction.

3. Payment plans

The payment plans offered by the developer are another crucial factor to consider when buying an off-plan property. Buyers should compare the payment plans of different projects and choose the one that suits their budget and cash flow. Buyers should also read the terms and conditions of the payment plan carefully and understand their rights and obligations. Buyers should also be aware of any fees, charges, penalties or taxes that may apply to their payments.

4. Payment structure options

The payment structure options available for buyers are another important factor to consider when buying an off-plan property. Buyers should explore the different options that may suit their financial situation and goals. Some of these options are: – Cash payment: This option involves paying the full amount of the property upfront or in a few instalments. This option may offer discounts or incentives from the developer, but it also carries more risk and less flexibility.

5. Due Dilligence

The due diligence process is another essential factor to consider when buying an off-plan property. Buyers should conduct a thorough research and analysis of the project, the developer, the market, the legal aspects and their own financial situation before making a commitment. Buyers should also consult with experts such as lawyers, accountants, agents, consultants and advisers who can guide them through the process and protect their interests.

6. Property Tax

The property tax applicable to off-plan properties is another significant factor to consider when buying an off-plan property. Buyers should be aware of the different types of taxes that may apply to their purchase, such as: – Value Added Tax (VAT): This is a tax levied on goods and services in Dubai at a rate of 5%. VAT applies to off-plan properties at different stages of development, depending on whether they are classified as commercial or residential properties.

Community Overview Of Palm Jumeirah

Palm Jumeirah is a remarkable feat of engineering and design, creating an artificial island in the shape of a palm tree on the coast of Dubai. It is one of the most prestigious and sought-after residential, tourist and leisure destinations in the world, offering a range of properties, amenities, attractions and experiences for its residents and visitors. Palm Jumeirah is divided into three main sections: the Trunk, the Fronds and the Crescent. Each section has its own characteristics and features that make it unique and appealing.

What Are The Most Popular Buildings In Palm Jumeirah?

• Atlantis The Palm: This is a landmark hotel and resort that occupies the apex of the Crescent. It features a stunning architecture inspired by the mythical lost city of Atlantis, as well as a variety of luxurious rooms, suites, villas, restaurants, bars, spas, entertainment venues and attractions. One of its main attractions is the Aquaventure Waterpark, which boasts thrilling slides, rides, pools and a marine habitat with over 65,000 marine animals.
• The Palm Tower: This is a mixed-use skyscraper that rises 240 metres above the island. It comprises a hotel, residences and a rooftop destination. The hotel occupies the first 18 floors of the tower and offers 289 rooms and suites with panoramic views of the island and the sea. The residences occupy the upper floors and offer 432 furnished apartments with premium amenities and services. The rooftop destination features a 360-degree observation deck, a restaurant and an infinity pool.
• Nakheel Mall: This is a shopping, dining and entertainment destination that serves as the centrepiece of Palm Jumeirah. It spans five floors and offers over 300 outlets, including retail stores, restaurants, cafes, cinemas, a supermarket, a fitness centre and a medical clinic. It also features a direct access to The Palm Monorail station and The Palm Tower.
• Shoreline Apartments: This is a residential complex that consists of 20 buildings along the east side of the Trunk. It offers 2,604 apartments ranging from one to four bedrooms, as well as penthouses and villas. It also offers access to private beaches, swimming pools, gyms, parks, restaurants and shops.
• Oceana Residences: This is another residential complex that consists of seven buildings along the west side of the Trunk. It offers 644 apartments ranging from one to three bedrooms, as well as penthouses. It also offers access to a private beach, a swimming pool, a lazy river, a gym, a spa, a children’s play area and a restaurant.

Which Transportation And Parking Spaces Are There In Palm Jumeirah?

Palm Jumeirah is well-connected to the rest of Dubai by various modes of transportation. You can access the island by road, monorail, tram, or water taxi. Here are some of the transportation and parking options available in Palm Jumeirah:

• Road: You can drive to Palm Jumeirah via Sheikh Zayed Road and take exit 29 to reach the trunk of the island. There are two road bridges that connect the trunk to the mainland, one for inbound traffic and one for outbound traffic. You can also use the underwater tunnel that connects the trunk to the crescent, where most of the hotels and resorts are located. There are plenty of parking spaces available in Palm Jumeirah, both on-street and in designated parking lots. Most of the apartments, villas, and hotels offer free or paid parking facilities for residents and guests.
• Monorail: The Palm Monorail is a convenient and scenic way to travel along the island. It runs from the Gateway Station at the base of the trunk to the Atlantis Aquaventure Station at the tip of the crescent, passing through four other stations along the way: Al Ittihad Park, Nakheel Mall, The Pointe, and Atlantis The Royal. The monorail operates daily from 9am to 10pm and costs AED 15 for a single trip and AED 25 for a round trip. You can also buy a day pass for AED 40 or a monthly pass for AED 250.
• Tram: The Dubai Tram connects Palm Jumeirah to other parts of Dubai Marina and Al Sufouh. You can take the tram from the Palm Jumeirah Station, which is located near the Gateway Station of the monorail, and travel to 10 other stations along a 14.5 km route. The tram operates daily from 6am to 1am and costs AED 3 for a single trip within one zone or AED 5 for a single trip across two zones. You can also use a Nol card or a Nol ticket to pay for your fare.
• Water taxi: If you want to enjoy a scenic ride on the water, you can take a water taxi from Palm Jumeirah to various destinations in Dubai. The water taxi operates from two stations on the island: Atlantis The Palm Station and One&Only The Palm Station. You can book a water taxi online or by calling +971-4-208-0808. The fare depends on the distance and the number of passengers, but it ranges from AED 50 to AED 570 per trip.

Which Amenities, Schools And Healthcare Are There In Palm Jumeirah?

Palm Jumeirah offers a range of amenities, schools, and healthcare facilities for its residents and visitors. Here are some of them:

• Amenities: Palm Jumeirah has several malls, supermarkets, restaurants, cafes, salons, spas, gyms, parks, beaches, and entertainment venues to cater to different needs and preferences. Some of the popular amenities on the island include Nakheel Mall, Golden Mile Galleria, Club Vista Mare, Al Ittihad Park, Palm West Beach, and The Pointe.
• Schools: There are several schools near Palm Jumeirah that offer different curricula and educational levels. Some of the nearby schools include Asya’s Nursery, Redwood Montessori Nursery, Blossom Palm Jumeirah Nursery, Emirates International School Meadows, American School of Dubai, Dubai College, and Regent International School.
• Healthcare: Palm Jumeirah has several clinics, pharmacies, dental centers, and wellness centers that provide quality healthcare services. Some of them include Dr Joy Dental Clinic, Kaya Skin Clinic, Al Das Medical Clinic, Emirates Hospitals Clinic, Aster Clinic, and Riva Laser Medical Center. For more serious medical emergencies, there are also hospitals nearby such as Saudi German Hospital, Al Zahra Hospital, Mediclinic Parkview Hospital, and American Hospital Dubai Media City Clinic.

Which Outdoor Activities, Fitness And Beauty Are There In Palm Jumeirah?

Palm Jumeirah is a paradise for outdoor enthusiasts, fitness lovers and beauty seekers. You can enjoy a variety of activities, such as:

• Water sports: You can have fun in the water with activities such as kayaking, paddle boarding, jet skiing, parasailing, banana boating, flyboarding and more. You can rent the equipment or book a tour from various operators on the island, such as SeaYou, SeaRide Dubai, Nemo Watersports and Sky & Sea Adventures.
• Cycling: You can explore the island on two wheels with a bike rental from BYKY Stations, which are located at various points on the trunk and the crescent. You can also join a guided bike tour from Absolute Adventures, which offers different routes and durations to suit your level and interest.
• Running: You can run along the 11 km boardwalk that stretches along the trunk and the crescent, offering scenic views of the sea and the skyline. You can also join a running club such as Palm Runners, which organizes weekly runs and events for all abilities.
• Golfing: You can practice your swing at the 9-hole par 3 course at Palm Views Golf Club, which is located on the west side of the trunk. The club also offers a driving range, a pro shop, a restaurant and a bar.
• Fitness: You can work out at one of the many gyms and fitness centers on the island, such as Fitness First, Fairmont The Palm Health Club, Talise Fitness and F45 Training. You can also join a fitness class such as yoga, pilates, zumba, boxing or bootcamp from various providers such as Yoga La Vie, Real Pilates, Core Direction and Round 10 Boxing Club.
• Beauty: You can pamper yourself at one of the many salons and spas on the island, such as Tips & Toes, The Cure, SensAsia Urban Spa and Willow Stream Spa. You can also treat yourself to a hair, makeup or nail service from mobile providers such as Blowout&Go, Dial A Nail and Belle Femme.

Which Leisure Activities And Notable Landmarks Are There In Palm Jumeirah?

• Make a splash at Atlantis, The Palm, a five-star resort that features a waterpark, an aquarium, a dolphin bay, and a variety of dining and entertainment options1. You can also try the Dubai Balloon, a tethered helium balloon that takes you 300 metres into the sky for a stunning view of Palm Jumeirah and Dubai.
• Swim with sharks, dolphins and sea lions at The Lost Chambers Aquarium, Dolphin Bay and Sea Lion Point, where you can get up close and personal with the resident marine animals. You can also sign up for a yoga session surrounded by aquatic life, or snorkel or dive through lagoons teeming with 65,000 marine animals.
• Kick-start your weekend with a boozy brunch at one of the many restaurants and beach clubs on Palm Jumeirah. Whether you prefer Asian, Mediterranean, or international cuisine, you’ll find something to suit your taste buds and budget. Some of the popular brunch spots include Nobu, Seafire Steakhouse, Saffron, Zest, and Breeze Beach Grill4.
• Get your pulse racing with Splash Tours, a thrilling speedboat ride that takes you around Palm Jumeirah and offers spectacular views of the island’s landmarks, such as Atlantis, The Palm, Burj Al Arab, and Dubai Marina. You can also try other water sports such as kayaking, paddle-boarding, wakeboarding, jet skiing, and flyboarding.
• Paddle around the Palm with SeaYou, a company that offers kayak and stand-up paddle tours around Palm Jumeirah. You can explore the fronds and the crescent of the island, admire the luxury villas and hotels, and spot some wildlife along the way. SeaYou also offers sunrise and sunset tours for a more romantic experience.
• Chill out at a chic beach club on Palm Jumeirah’s outer crescent, where you can soak up the sun, enjoy the music, and sip on refreshing drinks. Some of the best beach clubs on Palm Jumeirah include Club Vista Mare, Koko Bay, White Beach, Riva Beach Club, and El Chiringuito.
• Spy Dubai’s iconic sights from above with Skydive Dubai, a company that offers tandem skydiving over Palm Jumeirah. You’ll get to experience the thrill of freefalling from 13,000 feet above the ground, while enjoying panoramic views of the island and the city. Skydive Dubai also offers gyrocopter flights for a more relaxed aerial adventure.
• Freefall over the Palm Jumeirah with iFly Dubai, an indoor skydiving facility that lets you experience the sensation of flying without jumping out of a plane. You’ll be suspended in a wind tunnel with an instructor who will guide you through the basics of flying. iFly Dubai is suitable for all ages and skill levels.

Which Restaurants Are Located In Palm Jumeirah?

• Nobu: A world-renowned Japanese restaurant by celebrity chef Nobu Matsuhisa. Nobu serves signature dishes such as black cod miso, yellowtail sashimi with jalapeño, and rock shrimp tempura. The restaurant also has a sushi bar, a sake lounge, and a private dining room.
• Bread Street Kitchen & Bar: A British gastropub by multi-Michelin starred chef Gordon Ramsay. Bread Street Kitchen & Bar serves classic British dishes with a modern twist, such as beef wellington, fish and chips, shepherd’s pie, and sticky toffee pudding. The restaurant also has a lively bar area with live music and DJ nights.
• Hakkasan: A Michelin-starred Chinese restaurant that offers contemporary Cantonese cuisine in an elegant setting. Hakkasan’s menu features dishes such as Peking duck with caviar, crispy duck salad, dim sum platter, and wok-fried lobster. The restaurant also has a terrace lounge with views of the Arabian Gulf.
• Ayamna: A Lebanese restaurant that serves authentic dishes from the Levant region. Ayamna’s menu includes mezze, salads, grilled meats, seafood, and desserts. The restaurant also has live entertainment such as belly dancing and Arabic music.
• Il Borro Tuscan Bistro: An Italian restaurant that showcases the cuisine and culture of Tuscany. Il Borro Tuscan Bistro uses organic ingredients from its own farm in Italy, as well as local produce. The menu features dishes such as burrata, risotto, pizza, pasta, and tiramisu. The restaurant also has a wine cellar and a terrace overlooking the water.
• Seafire Steakhouse: A steakhouse that specializes in prime cuts of meat cooked to perfection. Seafire Steakhouse offers a variety of steaks, such as wagyu, angus, ribeye, and fillet, as well as seafood, salads, and sides. The restaurant also has a sommelier who can pair your meal with the best wine.
• Kaleidoscope: A buffet restaurant that offers a variety of cuisines from around the world. Kaleidoscope serves breakfast, lunch, and dinner, with different themes each day. You can enjoy dishes from India, Italy, Mexico, China, and more. The restaurant also has live cooking stations and a dessert corner.
• 101 Dining Lounge & Bar: A waterfront restaurant that offers Mediterranean cuisine and panoramic views of Palm Jumeirah. 101 Dining Lounge & Bar serves tapas, salads, sandwiches, burgers, pizzas, and seafood. The restaurant also has a chic lounge area with cocktails and shisha.

Which Supermarkets Are Located In Palm Jumeirah?

• Spinneys: A supermarket chain that offers a wide range of products from local and international brands. Spinneys has a bakery, a deli, a butcher, a fishmonger, and a cheese counter. Spinneys also has organic and gluten-free products, as well as ready meals and snacks.
• Waitrose & Partners: A supermarket chain that offers quality products from the UK and around the world. Waitrose & Partners has fresh fruits and vegetables, meat and poultry, dairy and eggs, bakery and pastry, and frozen food. Waitrose & Partners also has a café where you can enjoy coffee and cake.
• Choithrams: A supermarket chain that offers a variety of products from different cuisines and cultures. Choithrams has Indian, Asian, European, American, and Arabic products, as well as health and beauty items, household essentials, and pet food. Choithrams also has a loyalty program where you can earn points and discounts.
• All Day Fresh: A supermarket chain that offers budget-friendly products for your daily needs. All Day Fresh has fresh produce, dairy products, bakery items, canned goods, beverages, snacks, and more. All Day Fresh also has a delivery service where you can order online or by phone.
• Organic Foods & Café: A supermarket chain that offers organic and biodynamic products from local and international suppliers. Organic Foods & Café has fruits and vegetables, meat and poultry, dairy and eggs, grains and pulses, nuts and seeds, oils and vinegars, spices and herbs, teas and coffees, chocolates and sweets, and more. Organic Foods & Café also has a café where you can enjoy healthy meals.

Which Beaches Are Located Near Palm Jumeirah?

• Kite Beach: A public beach that is popular for kite surfing and other water sports. Kite Beach has clear water, soft sand, and stunning views of Burj Al Arab. Kite Beach also has facilities such as showers, changing rooms, toilets, sunbeds, umbrellas, lifeguards, and parking.
• Marina Beach: A public beach that is located next to Dubai Marina. Marina Beach has calm water, clean sand, and amazing views of the skyscrapers. Marina Beach also has facilities such as showers, changing rooms, toilets, sunbeds, umbrellas, lifeguards, and parking.
• Jumeirah Public Beach: A public beach that is located along Jumeirah Road. Jumeirah Public Beach has blue water, white sand, and palm trees. Jumeirah Public Beach also has facilities such as showers, changing rooms, toilets, sunbeds, umbrellas, lifeguards, and parking.
• Sunset Beach: A public beach that is located near Umm Suqeim Park. Sunset Beach has clear water, golden sand, and spectacular views of Burj Al Arab. Sunset Beach also has facilities such as showers, changing rooms, toilets, sunbeds, umbrellas, lifeguards, and parking.
• Black Palace Beach: A hidden beach that is located between Palm Jumeirah and Burj Al Arab. Black Palace Beach has crystal water, dark sand, and a secluded atmosphere. Black Palace Beach has no facilities, so you need to bring your own essentials.

Which Malls Are Located Near Palm Jumeirah?

• Nakheel Mall: A mall that is located on the trunk of Palm Jumeirah. Nakheel Mall has over 300 shops, restaurants, and entertainment options, including a cinema, a fitness center, and a medical clinic. Nakheel Mall also has a direct access to The Palm Monorail station and The Palm Tower.
• The Pointe: A waterfront dining and entertainment complex that is located on the tip of the trunk of Palm Jumeirah. The Pointe has over 80 restaurants, cafes, and shops, as well as a cinema, a fitness center, and a children’s play area. The Pointe also features the world’s largest fountain show, The Palm Fountain.
• Mall of the Emirates: A mall that is located near Palm Jumeirah on Sheikh Zayed Road. Mall of the Emirates has over 600 shops, restaurants, and entertainment options, including a cinema, a theatre, a bowling alley, and a ski resort. Mall of the Emirates also has a metro station and a bus station.
• Dubai Marina Mall: A mall that is located near Palm Jumeirah on Dubai Marina. Dubai Marina Mall has over 140 shops, restaurants, and entertainment options, including a cinema, a supermarket, and a children’s play area. Dubai Marina Mall also has a tram station and a water taxi station.
• Ibn Battuta Mall: A mall that is located near Palm Jumeirah on Sheikh Zayed Road. Ibn Battuta Mall has over 400 shops, restaurants, and entertainment options, inspired by the travels of the famous explorer Ibn Battuta. Ibn Battuta Mall also has a cinema, a museum, and a metro station.

Which Churches, Temples And Mosques Are Located Near Palm Jumeirah?

• St. Francis of Assisi Catholic Church: A church that is located near Palm Jumeirah on Jebel Ali Village. St. Francis of Assisi Catholic Church offers mass services in various languages, such as English, Arabic, French, Spanish, and Filipino. St. Francis of Assisi Catholic Church also has a parish hall, a library, and a bookstore.
• Gurunanak Darbar Sikh Temple: A temple that is located near Palm Jumeirah on Jebel Ali Gardens. Gurunanak Darbar Sikh Temple is the first official Sikh temple in the UAE and can accommodate up to 10,000 worshippers. Gurunanak Darbar Sikh Temple also offers free meals to visitors of all faiths.
• Shiva Temple: A temple that is located near Palm Jumeirah on Bur Dubai. Shiva Temple is one of the oldest Hindu temples in Dubai and is dedicated to Lord Shiva. Shiva Temple also has shrines for other deities such as Ganesha, Hanuman, and Durga.
• Masjid Al Rahim: A mosque that is located on the trunk of Palm Jumeirah. Masjid Al Rahim is one of the two mosques on the island and can accommodate up to 1,800 worshippers. Masjid Al Rahim also has facilities such as ablution areas, washrooms, and parking.
• Masjid Al Ittihad: A mosque that is located on the crescent of Palm Jumeirah. Masjid Al Ittihad is the other mosque on the island and can accommodate up to 2,000 worshippers. Masjid Al Ittihad also has facilities such as ablution areas, washrooms, and parking.

How Is The Rental Market In Palm Jumeirah?

The rental market in Palm Jumeirah is one of the most attractive and competitive markets in Dubai. It offers a variety of properties for rent, such as apartments, villas, penthouses, and hotel apartments. The rental market caters to different budgets, preferences, and lifestyles, with properties ranging from affordable studios to ultra-luxury mansions. The rental market also benefits from the high demand for waterfront living, the premium location, and the excellent amenities and facilities available on the island.

Rental Trends Of Palm Jumeirah

The rental trends of Palm Jumeirah vary depending on several factors such as the location, type, size, quality, and demand of the property. According to Bayut.com’s index, the average rent for apartments in Palm Jumeirah was AED 125,000 per year in Q1 2021, while the average rent for villas was AED 450,000 per year. However, these figures may change over time as the market conditions and the supply and demand of properties on the island evolve. The following table shows the average rent for some of the popular properties in Palm Jumeirah, based on the data from Bayut.com:

Property Type	Property Size	Average Rent (AED/year)
Apartment	Studio	65,000
Apartment	1 bedroom	90,000
Apartment	2 bedrooms	140,000
Apartment	3 bedrooms	200,000
Apartment	4 bedrooms	300,000
Villa	3 bedrooms	300,000
Villa	4 bedrooms	400,000
Villa	5 bedrooms	500,000
Villa	6 bedrooms	600,000

How Is The House Sale Market In Palm Jumeirah?

The house sale market in Palm Jumeirah is one of the most lucrative and prestigious markets in Dubai. It offers a range of properties for sale, such as villas, penthouses, townhouses, and hotel apartments. The house sale market attracts both local and foreign investors who are looking for luxury waterfront living, premium location, and excellent amenities and facilities on the island.

House Sale Trends Of Palm Jumeirah

The house sale trends of Palm Jumeirah vary depending on several factors such as the location, type, size, quality, and demand of the property. According to Bayut.com’s index1, the average sale price for villas in Palm Jumeirah was AED 11.7M in Q1 2021, while the average sale price for apartments was AED 2.8M. However, these figures may change over time as the market conditions and the supply and demand of properties on the island evolve. The following table shows the average sale price for some of the popular properties in Palm Jumeirah, based on the data from Bayut.com:

Property Type	Property Size	Average Sale Price (AED)
Villa	3 bedrooms	7.5M
Villa	4 bedrooms	9.5M
Villa	5 bedrooms	14M
Villa	6 bedrooms	18M
Apartment	Studio	1.2M
Apartment	1 bedroom	1.8M
Apartment	2 bedrooms	2.9M
Apartment	3 bedrooms	4.5M
Apartment	4 bedrooms	6.5M

Frequently Asked Questions About Palm Jumeirah

Palm Jumeirah is a fascinating island that attracts many visitors and investors from around the world. Here are some of the frequently asked questions about Palm Jumeirah and their answers: