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10 Iconic Developments in Palm Jumeirah in 2024

  • Better Informed
  • 01 Aug, 2024
10 Iconic Developments in Palm Jumeirah in 2024

With a total area of 7 million square metres, Palm Jumeirah is the world's biggest man-made island. Developed by Nakheel, the entire island is ringed by a 12-kilometre-long crescent-shaped barrier. It represents a handful of the world's most luxurious beaches, well-known for providing the top tourist attractions. Palm Jumeirah is also well-known across the globe for its distinctive characteristics and a high degree of luxury. It is rapidly gaining popularity and becoming the desired area to live in. All property developments in the Palm Jumeirah district provide residents with a high standard of living. Here are ten iconic developments in Palm Jumeirah that are ideal for living and investing.

Soho Palm Jumeirah

Soho Palm Jumeirah is a 10-storey residential building in Palm West Beach. The development has one-, two---, and three-bedroom apartments ranging from 841 sq. ft. to 2,300 sq. ft. Its proximity to the Nakheel Mall makes it one of the most exciting sites in town. Residents of the development enjoy amenities such as a children's play area, swimming pool with sundeck, health club, gym, and underground parking slots. Currently, there are no apartments for sale in Soho Palm Jumeirah. The rental trends in the development are:

One-bed | AED 161,800

Two-bed | AED 236,250

Three-bed | AED 267,750

Six Senses Residences

Six Senses is a joint venture by the Select Group and Emirates Strategic Investments Company (ESIC) featuring apartments and beautiful villas on The Palm's West Crescent. The residential development is expected to be completed by the end of 2024. Properties in the Six Senses will comprise two, three, four and five-bedroom apartments, penthouses, and villas. The average price starts from AED 12,393,750 for two-bedroom apartments and can go up to AED 93,730,842 for a five-bedroom penthouse.

The Palm Tower

The Palm Tower is a luxurious 52-story mixed-use building developed by Nakheel through its subsidiary, The Palm Jumeirah Company. The first 18 stories of the skyscraper are occupied by the St. Regis Dubai The Palm, a five-star hotel with 290 rooms, while 432 luxury homes occupy the levels above. Residential units comprise a mix of studios and one-, two-, and three-bedroom apartments. The studios and one-bedroom apartments are located on floors 19 to 45. The two- and three-bedroom apartments are on floors 46 and 47, and each comes with a maid's room and a private balcony. Visitors can visit the rooftop restaurant, infinity pool, and viewing deck directly from Nakheel Mall's food and beverage plaza below.

 

Apartment Type

Sales Price

Annual Rent

ROI

Studio

AED 1,832,650

AED 120,600

6.58%

One-Bed

AED 3,630,500

AED 227,000

6.25%

Two-Bed

AED 10,279,050

AED 728,350

7.09%

Three-Bed

AED 13,000,000

AED 1,200,000

9.23%

 

Azure Residences

Azure Residences is located on the eastern side of Palm Jumeirah, near the island's entrance. The one- and two-bedroom apartments offer beautiful views of the beach, pool, sea, Palm's crescent, and Dubai's skyline. One-bedroom apartments come in 861 sq. ft. to 1,400 sq. ft. whereas, two-bedroom apartments cover an average area of 2,015 sq. ft. Residents enjoy luxury features such as a rooftop gym, a private beach, and an infinity pool by the beach. The average sales prices for apartments and rents in Azure Residences are:

 

Apartment Type

Sales Price

Annual Rent

ROI

One-Bed

AED 2,316,925

AED 139,850

6.05%

Two-Bed

AED 3,816,650

AED 183,000

4.79%

 

Shoreline Apartments

Shoreline Apartments are located on the east side of Palm Jumeirah's trunk, with ten buildings facing the Gulf coast and views of Burj Al Arab, and another ten buildings facing west towards Jumeirah Beach Residences and the Dubai Eye Ferris wheel. The buildings are ten stories high, offering one to three-bedroom apartments and four-bedroom penthouses in six different styles. Residents can enjoy five exclusive beachfront clubhouses, a swimming pool, gym, steam room, private beach, children's playground, shops, and a restaurant. The sales and rental trends in Shoreline Apartments are:

 

Apartment Type

Sales Price

Annual Rent

ROI

One-Bed

AED 1,826,186

AED 125,713

6.89%

Two-Bed

AED 2,624,505

AED 172,611

6.57%

Three-bed

AED 3,053,949

AED 206,146

6.75%

Four-bed

AED 6,882,391

AED 258,124

3.76%

 

One at Palm Jumeirah

One at Palm Jumeirah is located on the left side of the Palm's trunk, featuring three and four-bedroom apartments. The building has three sections, each serving two apartments per floor and a facing lobby. Apartments feature outdoor terraces and balconies. Buyers can choose between interior designs by Japanese firm Super Potato or London-based Elicyon. Famous landscape architect Vladimir Djorovic designed the building's exterior. Amenities include the One Palm Clubhouse with a fine-dining restaurant, indoor and outdoor pools, an outdoor cinema, a BBQ area, a cigar lounge, a yacht club, and a spa. Here are the sales and rental prices at One at Palm Jumeirah.

 

Apartment Type

Sales Price

Annual Rent

ROI

Three-bed

AED 17,832,550

AED 1,741,667

9.75%

Four-bed

AED 30,684,750

AED 2,550,000

8.32%

 

Ava Palm Jumeirah

Ava Palm Jumeirah is a 24-storey residential building under development that will have three-, four-, and five-bedroom apartments and five-bedroom penthouses. The tower has 17 luxury apartments, including a duplex and a "mega penthouse," with one unit per floor. Three-bedroom apartments have four bathrooms and range from 4,783 to 7,416 sq. ft. Four-bedroom apartments have five bathrooms and cover around 18,000 sq. ft. Five-bedroom penthouses have six to eight bathrooms and range from 30,000 to 33,407 sq. ft. Dorchester Collection Dubai will manage the apartments in Ava. At its launch party in March 2022, an eight-minute drone show used 500 drones to display the building in the night sky. Each apartment has direct elevator access, large terraces with private pools, and 270-degree views from Burj Al Arab to Bluewaters Island. The entrance will feature infinity ponds and waterfalls. The prices start from AED 250,000,000.

W Residences

W Residences is an 8-mansion, 104-apartment luxury complex on the artificial island with breathtaking views of the Dubai shoreline and the Persian Gulf. The W Residences, comprised of two zigzag-shaped buildings, were developed as a joint venture between Qatar's Al Mana Group and Saudi's Al Sharq Investment. The residences include two ultra-luxurious penthouses, three duplex penthouses, and apartments ranging from 4,800 to 15,000 sq ft. Some units have private swimming pools, and buyers can customise upper-floor apartments. All residents enjoy access to 'The 104' private club with dining, bars, a gym, a spa, and a cinema. See below for the sales price and annual rent.

 

Apartment Type

Sales Price

Annual Rent

ROI

Two-Bed

AED 17,879,489

AED 2,140,000

11.97%

Three-bed

AED 22,156,042

AED 3,000,000

13.56%

Four-bed

AED 26,835,866

AED 3,520,000

13.14%

Five-bed

AED 39,514,208

AED 4,250,000

10.76%

 

Palme Couture Residences

Palme Couture Residences is a 10-storey residential building located on the western side of Palm Jumeirah's trunk. It features two 4-bedroom townhouses with outdoor pools, two 5-bedroom duplexes with indoor and outdoor pools, a royal 4-bedroom penthouse, and a separate 3-bedroom guest house with a rooftop pool. Three-bedroom apartments in Palme Couture range from 4,753 sq. ft. to 4,955 sq. ft., while four-bedroom apartments span 5,429 sq. ft. Townhouses cover 7,448 sq. ft., and five-bedroom duplexes are 10,087 sq. ft. All homes are fully serviced like a five-star hotel and include open spaces, ample storage, reserved parking, walk-in closets, and modern kitchens with Poliform-Varenna cabinets and white stone floors. Residents can access a private beach, a black-tiled saltwater infinity pool, a beach club, and a juice bar.

Seven Palm

Seven Palm is a multi-building complex comprising two 14-storey towers. It offers studios and one-, two-, and three-bedroom apartments, ranging from 302 to 1,707 sq. ft. Each apartment features luxury finishes and floor-to-ceiling windows and is sold unfurnished. Bedrooms have walk-in wardrobes and en-suite bathrooms, while kitchens are fully equipped. Residents can enjoy a rooftop infinity pool, a gym, food and drink outlets, direct beach access, a grocery store, laundry services, and a pharmacy. The towers are located opposite Nakheel Mall and next to the Dukes Dubai Hotel. The sale and rental prices are:

 

Apartment Type

Sales Price

Annual Rent

ROI

Studio

AED 1,236,500

AED 79,738

14.16%

One-bed

AED 2,084,410

AED 117,050

13.56%

Two-bed

AED 3,125,000

AED 140,000

13.14%

Three-bed

AED 5,583,350

AED 167,500   

10.76%

 

Conclusion

Palm Jumeirah is a premier destination for luxury living and investment. It has many high-end developments, including apartments and penthouses with special features and great views. The island's unique design and upscale lifestyle make it a popular choice for people worldwide looking for fancy homes and good investment opportunities.

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