Everything You Need to Know about Palm Jumeirah Community: Prices, Lifestyle, Pros & Cons, and More!
About Palm Jumeirah
Palm Jumeirah is not only one of the best communities in Dubai, but it is also a universally acknowledged project. This area is extremely important because one can literally see it from the moon, it stands out among everything else in the world. Being the largest man-made island in the world, more than 60,000 people choose Palm Jumeirah to be their residence since its launch.
The work on Palm Jumeirah started in 2001, and in six years, a whole community was born on its grounds. Here, you will mostly find low-rise buildings, a beach, and a luxurious neighborhood. This place contains almost every valuable project in Dubai, including Hotel Atlantis, making it an invaluable place to invest in. The future of Palm Jumeirah is expected to contain more prosperity and profit. Palm Jumeirah is rich with an array of cafes, restaurants, bars, and amusement parks. This article will explore all the major points you need to know about Palm Jumeirah, including prices, amenities, pros and cons, and who it is most suitable for!
Prices in Palm Jumeirah
Palm Jumeirah is filled with fancy and premium projects and areas. This is why it’s considered a luxurious place to live in, which means you should expect the prices to be higher than other places in Dubai. For example, the average price for a one-bedroom apartment in Palm Jumeriah would be AED 3.3M. Meanwhile the price of an average family apartment that has 3 bedrooms would range from AED 1.6M to 55.6M with an average of AED 14.5M.
Pros and Cons of Living in Palm Jumeirah
Palm Jumeirah has its advantages and disadvantages, depending on who is living in it, and what type of life they are looking for. We have collected some of the major pros and cons of living in Palm Jumeirah in this section. These include:
Pros of Palm Jumeirah
Here is a list of the best things you will notice in Palm Jumeirah:
· It has some of the best waterfront views: Almost every building you live in will have a scenic ocean view, in addition to a private beach access if you are living in a villa.
· It has one of the highest renting rates in Dubai, which would make it a great investment that entails a high profit return. You can invest in an apartment and use Airbnb and use it as short-term rental apartments for visitors to make more profit out of your purchase.
· It is located near the main business hubs like Dubai Media City, Dubai Internet City, and Dubai Marina.
· It has amenities in every single neighborhood, including clinics, supermarkets, hotels, restaurants, nurseries, and more.
· It offers you a luxurious life as it has the best of everything in Dubai.
· It is equipped with world-class facilities like gyms, swimming pools, access to beach clubs, and much more.
· It has some of the most luxurious hotels in the world, including Hotel Atlantis, The Palm, and many more.
· It is connected to the Dubai Metro.
· It has great and fancy dining restaurants, including Sushi Samba, 101 Dining Lounge and Nobu. It also has the Aura rooftop swimming pool which was visited by Christiano Ronaldo.
· It has some of the best waterparks in Dubai, including The Aquaventure Waterpark, Dolphin Bay, the Lost Chamber, and many more.
· It has premium schools and learning institutions.
Cons of Palm Jumeirah
While living in Palm Jumeirah is one of the best decisions one can make, there are also a few disadvantages to living there, these include:
· Palm Jumeirah requires a high-budget lifestyle since it is one of the most prestigious areas in Dubai.
· The property rental and purchase rates are one of the highest in Dubai.
What Type of People Is Palm Jumeirah Most Suitable for?
Palm Jumeirah is most suitable for high-earning individuals and families who are seeking a luxurious and grandeur lifestyle. Palm Jumeirah contains various sized homes, mostly low-rise buildings, and villas, that usually attract families who wish to have a more private living style.
Some small families choose to live in the apartments available on the island’s Trunk, which are usually more affordable, but still quite pricy. Overall, you should expect prices that are higher than usual in Palm Jumeirah.
Demographics of Palm Jumeirah
The estimated population of Palm Jumeirah is around 80,000 with around 25% female population and 74% male population. The island was originally designed to house around 250,000 people and it is still developing, so more people are expected to move in to Palm Jumeirah in the near and far future.
Services, Amenities, and Facilities in Palm Jumeirah
Palm Jumeirah is rich with the best facilities and amenities in Dubai. People living on this island should expect the following amenities in their neighborhoods:
· Luxurious hotels, including Atlantis Hotel, The Palm, Jumeirah Zabeel Saray, and many others.
· Big supermarkets like Spinney’s and Choithram. In addition to smaller grocery stores available in every neighborhood.
· Premium dining options such as Club Vista Mare.
· Wellness centers like gyms and beach clubs.
· Nakheel shopping mall.
· Nurseries and schools with great ratings.
· Running tracks and outdoor fitness gyms.
Residents who are living in Palm Jumeirah are pampered with facilities within a walking distance.
Bottom Line
A star shining in Dubai’s most popular projects, Palm Jumeirah is a great choice for people who can afford a grandeur lifestyle. This is a project that changed and is changing Dubai’s real estate market and future. To summarize our take on Palm Jumeirah, here is a list of the best things about this wondrous island:
· It is the largest man-made island in the world.
· Surrounded by the Arabian Sea, it is built in the shape of a palm tree, hence the name.
· The self-proclaimed eighth wonder of the world
· It contains a wide array of waterfront low-rise buildings, villas and the most iconic hotel resort, Atlantis the Palm.
Palm Jumeirah is the perfect place to live a day-to-day vacation life. It is a great investment for the near and far future as it has a constantly increasing property value.
Sources:
https://www.axcapital.ae/buy/dubai/apartment-for-sale-palm-jumeirah
https://www.city-facts.com/palm-jumeirah-dubai-united-arab-emirates
