Located in Palm Jumeirah
Palm Jumeirah is an artificial island that follows the shape of a palm tree with sixteen symmetrical fronds where expensive villas, hotels, a water park, and many kilometers of beaches are located.
The island is smaller than Palm Jebel Ali and Palm Deira, but Palm Jumeirah is the first of its kind. It is a famous symbol of the UAE along with Burj Al Arab and Burj Khalifa. The world’s largest man-made island is also a world-famous brand that embodies Dubai’s unquenchable thirst to achieve what seems impossible. The island extends into the Persian Gulf for five kilometers, and its creation took six years and USD 12 000 000 000. Today it occupies 560 hectares, which corresponds to the area of 600 football fields.
The construction of the Palm Jumeirah island began in August 2001. Of course, it could have been built of concrete and steel, but Sheikh Mohammed bin Rashid Al Maktoum wanted the island to blend in with the environment. That is why he avoided the use of artificial materials. In total, 94 000 000 square meters of sand were required for the construction of the island. Geographically, the island of Palm Jumeirah is very `lucky`. The warm, shallow waters off the coast are inaccessible to storms, as they are closed from the ocean by the Strait of Hormuz. However, the island is surrounded by a 3.5-meter protective breakwater, the construction of which took 5 500 000 square meters of rock.
Finally, the current appearance of Palm Jumeirah was formed when the trunk began to house magnificent multi-story hotels, yacht clubs, theme parks, shopping and entertainment centers, and the fronds – luxury villas with personal access to the sea. To date, there are approximately 1 400 villas and 2 500 apartments.
Palm Jumeirah is located near Sheikh Zayed Road. One can easily reach any point in Dubai by car in a short time.
To get to Palm Jumeirah in Dubai, one can also use the metro. The nearest metro station is Dubai Internet City, which is located less than 5-10 minutes from the entrance to the island. To move around the island, you can take a taxi or a monorail. The monorail station is situated at the base of a palm tree. It offers a great view of the island. The monorail train runs every 20 minutes.
Palm Jumeirah has a well-developed infrastructure. Here you can find two shopping malls – Nakheel Mall and Golden Mile Galleria. Besides, there are numerous groceries, for example, Spinneys, Choithrams, and Allday Fresh. The island is full of various cafes, restaurants, and fine dining, such as KYO, Ossiano, Rue Royale, or Chuan.
There is also a wide range of medical facilities, including Emirates Hospitals Clinic, Al Das, and Slimpro. Families with children will appreciate nurseries located nearby, for instance, Redwood Montessori Nursery, Asya’s Nursery, and Blossom Palm Jumeirah Nursery.
Most of the attractions of Palm Jumeirah are concentrated on the territory of Atlantis the Palm. It is famous for the restaurants by star chefs, including Nobu Matsuhisa, Giorgio Locatelli, and Gordon Ramsay. Besides, there is Aquaventure Water Park where guests can swim with dolphins and to ride a water slide through the shark lagoon. Moreover, one can visit Lost Chambers Aquarium and a dolphinarium. Also, the complex provides an opportunity for everyone to visit the spa and go diving. One can hire a helicopter and enjoy the bird’s-eye view of the island.
Spend a day by the pool at the Riva Beach Club or WET Deck in W Dubai, or visit one of the private beaches at the hotels. To do this, one will need to purchase a day pass, which provides access to all the necessary facilities. Moreover, one can take a yacht trip along the island, take a speedboat ride, or try wakeboarding. The island is perfect for kayaking and paddleboarding.
Palm Jumeirah is a home to Nakheel Mall and The Pointe Shopping and Entertainment Complex, which has retail centers, restaurants, cinemas, etc. The 1.5-km pedestrian zone near The Pointe offers excellent views of Atlantis Resort.
The new Palm West Beach with 1.6-kilometer-long beachfront opened to the public in October 2020. It has already been named `the best place to meet the sunset`. The walking and running paths will be lined with 300 illuminated palm trees. They will create a pleasant shade over the vacationers. Dining options include Bali Beach Restaurant and Koko Bay Bar. Also, branches of the famous fast-food restaurants – Jones The Grocer, Aprons and Hammers, Lucky Fish, Señor Pico, Orange Chameleon, and others – will soon be opened. The new beach will serve eight 5-star resorts on the island, including Fairmont The Palm and FIVE Palm Jumeirah Dubai. There will also be several hotels and residential complexes, such as SOHO Palm Jumeirah, Adagio Aparthotel, Byblos, Hilton Palm Jumeirah, and One Palm. Among the water sports available on the beach, there are kayaking, diving, SUP-board riding. Here one can also find a rental of catamarans, jet skis, equipment for electro surfing, etc.
Regardless of the dynamics of other segments of the Dubai real estate market, the artificial island of Palm Jumeirah is popular among investors with a high level of income. Over the past two years, the number of luxury real estate transactions with an average value of more than AED 10 000 000 (USD 2 723 000) has increased significantly, and on The Palm Jumeirah – even doubled. Besides, the attractiveness of housing on the island has also increased due to the opening of the long-awaited Nakheel Mall, which cost the master developer AED 1 200 000 000 (USD 327 000 000). Now 78 000 residents of the island and even more of its guests will be able to enjoy the unsurpassed benefits of this modern universal center of attraction. If you want to buy real estate in the upper or middle price segments and get the maximum possible profit from renting, you should choose the areas with constant high demand by tourists and tenants, and Palm Jumeirah is the best choice.
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