Five Palm Jumeirah is a hotel located on the trunk of the world’s largest artificial island Palm Jumeirah in Dubai. The project by FIVE Holdings and architectural consultant P&T Architects & Engineers Ltd was commissioned in 2016. The 16-story building’s property collection includes 477 hotel suite rooms and 221 furnished residences with views of the Arabian Gulf.
Five Palm Jumeirah residences include studios and 1, 2, 3 and 4-bedroom apartments ranging in size from 100 sq. m (1,076 sq. ft) to 1,144 sq. m (12,324 sq. ft). All residences are sold with high-quality finishes and furnishings, and feature panoramic windows, built-in closets and appliance-equipped kitchens. The 4-bedroom apartments, also called villas, are located on the 16th floor of the hotel and have spacious terraces with small private landscaped pools. Properties at Five Palm Jumeirah start at AED 2,700,000 (USD 736,000).
Residents of Five Palm Jumeirah are provided with the following modern amenities:
The Palm Jumeirah area features high-end apartment complexes, hotels, a variety of entertainment venues, sandy beaches, restaurants and shopping complexes. Residents of Five Palm Jumeirah have access to on-island medical clinics, dentist and pharmacy services and the nearest schools, nursery schools and hospitals are a 20 minute drive away. Golden Mile Galleria Shopping Mall is a 10-minute walk away, Atlantis The Palm and Aquaventure Waterpark are a 10-minute drive away. Dubai Marina and Sheikh Zayed Road can be reached in 5 minutes.
Dubai’s major attractions from Five Palm Jumeirah are always just a short drive away:
Five Palm Jumeirah offers a full range of services for comfortable coastal living. Residences are suitable for short-term or long-term rentals, and the services and availability of furniture make it convenient for investors to purchase properties for rent. The ROI for investments in residential units on the island average 5.74%.
Two-bedroom apartments at Five Palm Jumeirah are available from AED 3,400,000 (USD 926,000) to AED 5,300,000 (USD 1,443,000) and the average rental value for this type of property is AED 320,000 (USD 87,100) per year. The hotel property is sold on a freehold basis.
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