Self-declared the ‘Eighth Wonder of the World`, The Palm Jumeirah is arguably Dubai’s most exclusive location. The huge palm shaped collection of islands stretches 5 kilometres out into the Persian Gulf adding an incredible 520 kilometres to Dubai’s coastline. The whole island has been designed to create the ultimate lifestyle destination, hosting a wide spectrum of world-class attractions and beachfront property.
Properties on the Palm Jumeirah range from studio apartments to 6 bedroom signature villas, all of which are completed to a very high standard. Properties on this island are inherently favoured as holiday homes due to their exclusive beach front location and close proximity to a wide range of attractions. Due to their prime location, property prices here are significantly higher than elsewhere in Dubai and over expensive in many cases. That said the rental values here are also higher than average, inflated by the premium prices of short term holiday lets.
Whether it’s swimming with dolphins at Atlantis or visiting exclusive nightclubs, exploring designer shops, sampling the cafés of the Golden Mile, or seeing the famous Cirque du Soleil there is always something to do on the Palm Jumeriah. The island’s wide spectrum of attractions has made the palm a world renowned tourist destination that attracts a significant level of visitors every year. As a result the Palm appeals to a different type of buyer that is usually more influenced by the lifestyle aspect of the purchase opposed to its investment credentials.
The Palm Jumeirah benefits from its own dedicated monorail system and road network that services the whole group of islands. This makes travel around the Palm itself relatively quick and hassle free. However the Palm Jumeirah is more isolated and can be difficult to access from the mainland making travel to the rest of Dubai a little inconvenient.