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Sam HomesThe artificial island shaped like a date palm is a free zone where private property ownership for foreigners is permitted, allowing anyone to buy an apartment in Palm Jumeirah. To become acquainted with the full range of housing for sale in the area, find out the current prices and select the suitable option for viewing and future purchase through our website Global Properties.
The search filters enable overseas buyers to specify the desired type of residences (such as studios, apartments, penthouses or duplexes), select the area and the number of bedrooms and set the desired price range in a convenient currency. After selecting several suitable options, buyers can compare them in terms of value for money. They can also contact the seller directly to arrange a viewing, request additional photos or videos of the property, discuss the possibility of obtaining a discount or ask any other questions they may have.
The cost of apartments in Palm Jumeirah depends on several parameters. This is the total area, the class of the object, the availability of finishes and additional amenities. The most inexpensive housing options on the island are small studios. For example, a 29.5 square metre studio is offered for USD 212,500.
There are also many premium properties for sale. There is a luxury apartment of 6967.7 square metres with 8 bedrooms, a designer interior and panoramic sea views. The price of the object is USD 272,29 million.
The price of flats for sale in Palm Jumeirah, presented in the catalogue of the portal Global Properties, is as follows:
| Bedrooms | Minimum price | Maximum price |
|---|---|---|
| Studio | USD 212,500 | USD 1,026,500 |
| 1-bedroom | USD 292,000 | USD 16,348,000 |
| 2-bedroom | USD 487,000 | USD 19,060,500 |
| 3-bedroom | USD 217,000 | USD 16,474,000 |
| 4-bedroom | USD 1,769,500 | USD 31,314,000 |
| 5-bedroom | USD 8,713,500 | USD 68,073,500 |
| 6-bedroom | USD 22,480,000 | USD 99,387,300 |
| 7-bedroom | USD 16,338,000 | USD 99,728,000 |
| 8-bedroom | USD 272,294,000 | USD 272,294,000 |
The total size, as well as the apartment prices in Palm Jumeirah, varies greatly. There are both very small studios on the island, with a minimum size of 29.5 square metres and premium residences with a maximum area of 6968 square metres.
Purchase of an apartment or villa in Dubai is one of the simplest methods to obtain a so-called residence permit or long-term resident visa. The main condition for issuance of the document is the purchase of real estate valued at over USD 205,000. It is permissible to purchase several properties to meet the required amount. Additionally, a long-term visa can be issued to the applicant's spouse and children along with the applicant.
Apartments for sale in Palm Jumeirah
Even though the prices for flats in Palm Jumeirah exceed the average in Dubai, real estate here is in high demand among buyers and investors. The attractiveness of the location is attributed to its long sandy beaches, well-developed infrastructure for recreation and leisure activities, as well as stunning views of the sea horizon and quick access to popular areas of the city.
Today, most of the island is already built up with residential complexes, so secondary properties are more common. Among the offerings, one can find numerous luxury residences, including amazing penthouses located on the top floors of expensive residential complexes. Buyers can purchase an apartment for sale in Palm Jumeirah featuring private swimming pools, a personal gym and exclusive designer interiors.
Hotel apartments are offered to investors, presenting an opportunity for lucrative dividends. With the management company handling all rent-related issues, such real estate can provide passive income to the owner.
Foreigners who want to profitably purchase an apartment in Dubai should consider residential complexes under construction. These complexes provide real estate at an attractive price directly from the developer. Developers typically offer options for interest-free instalment payments, allowing buyers to choose a convenient payment scheme. With such schemes, a portion of the amount is paid during the construction stage and the remainder is paid upon completion when the building becomes operational.
Buying property in Dubai involves cashless payment by bank transfer. If necessary, the purchase transaction can be concluded remotely, which is convenient for investors who do not reside permanently in the UAE. The main stages of the purchase process are as follows:
- Selection of the property and contacting the seller through the Global Properties website;
- Personal or online viewing of apartments, either in ready residential complexes or by studying visualisations provided by the developer if the property is still under construction;
- Signing a preliminary agreement and making a deposit;
- Registration of the transaction and full payment for the purchase;
- Payment of fees for agent or lawyer services;
- Registration of ownership.
Reasons for investing in an apartment in Palm Jumeirah
High liquidity and constantly rising prices make buying apartments in Palm Jumeirah for investment a lucrative asset. The island attracts a large number of tourists every year, leading to a steady increase in rental rates. For example, last year, prices for renting apartments increased by 19%.
Today one can rent a small studio on the island for USD 18,000 a year. An apartment in Palm Jumeirah, UAE for USD 980,125 per year is among the most expensive options. The object is located in an elite residential complex, has 3 bedrooms and provides stunning sea views.
Buying apartments in Palm Jumeirah
The catalogue of the website Global Properties is continuously updated with new offers of apartments and flats in Palm Jumeirah. By gathering information from different realtors and developers, we enable the buyer to comprehend the trends of the local market and easily compare several suitable objects based on key characteristics.
A wide array of studios, apartments, duplexes and penthouses ensures that you can find a property that meets your expectations.
To make the selection process as convenient as possible, buyers are offered an advanced search feature where they can set all the necessary parameters and consider only suitable purchase options.