The residential community of Palma Residences is located on the shores of the Arabian Gulf, at the eastern end of the trunk of the artificial palm island Palm Jumeirah in Dubai. The developer of the project, which was commissioned in 2015, is Nakheel PJSC.
The community’s real estate collection features 104 residential properties, which include exclusive 4 and 5-bedroom townhouses. The residences range in size from 281 sq. m (3,024 sq. ft) and have a minimum value of AED 9,000,000 (USD 2,450,000). Palma Residences’ secondary market includes fully furnished, bright and spacious townhomes with stylish design. All residences have spacious terraces and access to the beach or an indoor area with a communal pool.
The panoramic windows in the townhouses overlook the Arabian Gulf and the Dubai skyline.
Palma Residences features include:
The Palma Residences community is located on the world’s largest man-made island, Palm Jumeirah, which features sandy beaches, entertainment venues, luxury hotels and apartment complexes, the famous Atlantis The Palm hotel and Aquaventure Waterpark. The best transport options for residents of Palma Residences are private car or cab. If you would like to use public transport, please note that the nearest bus and streetcar stops are within a 10-14 minute walk and the Palm Atlantis Monorail station, which connects the island to the mainland, is a 26-minute walk .
There are several stores, restaurants and cafes nearby. The nearest Quick Bay Supermarket is a 3-minute walk away and Nakheel Mall is a 12-minute walk away. Palma Residences is 30 and 35 minutes away from DXB and Al Maktoum International Airports and it is a 20-minute walk to Burj Khalifa, Dubai Mall and Dubai Fountain.
Luxury real estate in the Palm Jumeirah area attracts the attention of investors. You can buy a residence in Palma Residences both for permanent residence on the coast and for renting to tourists, business people or families with children. 4-bedroom townhouses can provide an ROI of 5.74%.
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