Dubai is home to one of most remarkable creations of human intellect, and the architectural masterpiece is known by the name Palm Islands. Look at it from above and you’ll see three human-made islands that resemble the shape of a typical palm tree sitting elegantly on the Persian Gulf. The first of the three islands planned was Palm Jumeirah. The other two, named Palm Jebel Ali and Palm Diera, were put on halt after the financial crisis of 2008.
One Palm in Palm Jumeirah is a newly residential development by Omniyat in 2019. It’s a offshore development in Dubai and designed for luxuriant seaside with indoor and outdoor skyline view.
Palm Jumeirah And Its Attractions
Billed originally to be the 8th wonder of the world, Palm Jumeirah takes pride in being first ever such off-shore development. The archipelago resembles the shape of palm tree and reaches out into the Persian Gulf. Popularly called as “Golden Mile” the trunk’s entire western side houses around 10 developments having more than 800 apartments. There’s also a 5-star resort by the name “Fairmont The Palm” which started operating in 2012.
Palm Jumeirah was, primarily, built as the holiday destination and it houses so many luxury hotels which can be found predominantly on “the crescent”. The crescent, which acts more like a breakwater, uses a tunnel to connect to Palm Jumeirah’s main trunk. The Atlantis, the Kempinski, One & Only Palm, Jumeirah Zabeel Saray and the Rixosare the 5-star hotels that you can find in Palm Jumeirah. So, you have a lot of options in this regard too.
Even though a major chunk of land at Palm Jumeirah is allotted to the hotels, there are so many other exciting developments as well. Some high-end hotels include Raddison, Hilton and Shangri-La. They’re all familiar names when it comes to luxury.
Those who want to enjoy all the possible luxuries Dubai has to offer would find Palm Jumeiraha perfect place for them. The residents can have access to private beaches and luxury resort amenities. If you’re after beautiful views, you can’t find them better all over Dubai than in a high-end apartment in Palm Jumeirah. The beautiful landscapes and the pristine waters can be seen from any of the apartments and residences here.
The island is also accessible conveniently as it’s connected to the mainland through a bridge and undersea tunnels. So, when you’re living in one of the residential complexes on the man-made island, you’re only minutes apart from those main thoroughfares, shopping centers, recreation opportunities and your office. You’re sure to live an exciting, comfortable and luxurious life in this part of Dubai and you really deserve it.
What’s In It For Investors?
When investing in properties to make a profit, it’s great that you go with properties located within residential complexes on the island. With so many of them available, Lighthouse Hotel & Residence makes for a great choice as it houses somewhere around 200 apartments which all can be had for 99-years lease. You can select your options from 2-bedroom, 3-bedroom, and 4-bedroom apartments.
Another wonderful investment opportunity is presented by the Palm Residence which, basically, comprises of two buildings named Al Haseer and Al Nabat. The residential complex is located on island’s eastern shore and offers prime apartments.
Marina Residences makes for another residential investment opportunity here. Located towards upper side of island trunk, it features around 850 apartments as well as 12 penthouses. The property is also home to 30 townhouses.It’s completed with all luxurious facilities and present stunning views of the surroundings.
Even though the yields you can expect from properties at Palm Jumeirah may not be as high as those in the Dubai Marina and somewhere near BurjKhalifa, the investors can always bet on 2-bedroom apartment units. Recent stats show that these units have been able to secure 6.4% returns on average. When it comes to rental returns, the average for all the property types falls within the same range.
With all developments located on the prime real estate in Palm Jumeirahclose to completion, and many of them already completed, it’s high time that you start investing on this man-made island. Some huge returns are awaiting you and you should definitely capture this opportunity now!
