Pearl Jumeirah is one of the most popular waterfront communities in Dubai, developed by Meraas, who is known for its luxury projects all over Dubai, such as Bluewaters Island and City Walk. Pearl Jumeirah is a man-made island which consists of seven residential communities. The construction of the project started in 2009 and was completed in 2011, and is a perfect choice for those who prefer a waterfront lifestyle away from the buzz of the city.
Originally, this project was a part of a USD 95-billion-project of Jumeirah Gardens City, a mixed-use residential development situated between Diyafa Street and Al Safa Park in Al Satwa. The construction was launched in 2008, however due to the global financial crisis it was put on hold. Later, the masterplan was modified by Dubai Municipality, and the Pearl Jumeirah project was announced. At that time it was called East Bay and was supposed to consist of high-rise buildings, but this plan had also changed. Currently, Pearl Jumeirah is a home to residential villas, a 5-star hotel and a retail area. As a matter of fact, villas comprise a major part of development on the island.
The total area of the island is approximately 8.3M sq. ft, of which 90,000 sq. ft is occupied by a shopping mall. The company COWI was appointed as the main reclamation contractor of Pearl Jumeirah and works included the hydraulic and marine design, geotechnical services, as well as the overall site supervision. The infrastructure works were completed in 2012, and in 2013, the construction of the mosque and the community center was launched. In 2016, the luxurious 5-star Nikki Beach Resort & SPA opened on the north beach of Pearl Jumeirah.
This is the first island that showcases the eastern part of Dubai Creek. The project has a hydrological function in order to provide a breakwater for the extension. About 35% of the area was to be sold as residential plots, and the rest of the island was to be used for public amenities, infrastructure and landscaping. By 2010, nearly half of the saleable land had been sold and handed over to investors.
Pearl Jumeirah is one of a very few developments in Dubai which offers freehold residential plots for sale to foreign homeowners and investors. The average area of a residential plot here is about 10,000 sq. ft and there are also approximately 315 smaller townhouse plots for sale. Today, the development is still being populated with villas, townhouses and beachfront apartments of various sizes and layouts. Residents of Pearl Jumeirah also have access to the following amenities and facilities on the island:
Despite the fact that Pearl Jumeirah is an island, it is still located very close to the main roads of Dubai. Sheikh Rashid Highway, Sheikh Zayed Road and Diyafa Road are all in close proximity to the area, which means residents can commute to different areas of the city in a short period of time via these routes. Parking spaces can also be found easily on the island, since each apartment and villa feature one or two private allocated parking spaces.
Being home to sandy beaches, luxury clubs and a hotel, Pearl Jumeirah also offers a number of amenities for daily necessities. Residents can benefit from close proximity to medical centers, schools, grocery stores, banks and places of worship (churches, temples, mosques). Such facilities allow residents to stay within the complex to live their day-to-day lives. Additionally, there is also a wide range of dining venues with different cuisines in Nikki Beach Resort & SPA nearby, which offers a variety of nightlife activities as well. For shopping, residents of Pearl Jumeirah can visit Mercato Mall with multiple retail spots and high-end branded stores located just 10 minutes’ away.
Attractions: Etihad Museum – 10 minutes, The Dubai Mall – 15 minutes, Burj Al Arab – 30 minutes, Mall of the Emirates – 25 minutes, La Mer, Grand Jumeirah Mosque – 10 minutes.
As for the nearby communities, Pearl Jumeirah is connected to Jumeirah 1 by a promenade extending to D94. From the D94, residents can also reach Dubai Maritime City and Mina Rashid Port which are easily accessible, and only 10 minutes’ away. Residents of Pearl Jumeirah can also benefit from close proximity to commercial and financial districts, as well as the media and technology hubs of Dubai, such as Business Bay (20 minutes), Dubai International Financial Center (15 minutes), Dubai Media city (25 minutes) and Dubai Internet City (25 minutes). The highly popular tourist destination of Jumeirah Beach Residence (JBR), which is home to The Beach and The Walk, as well as Bluewaters Island, is 30 minutes’ away.
Pearl Jumeirah is situated right at the entrance of Jumeirah, where there are countless shopping, dining and entertainment options. The island also features some of the best beaches in Dubai, which are very popular among tourists from all over the world. Whether it is play areas for children or vibrant nightlife activities, Pearl Jumeirah has it covered.
The main attraction on the island is Nikki Beach Resort & SPA. The concept of the resort itself is the beach, the nightlife, fashion, music and visual shows all combined in one place. Eleven countries, including the UAE, are home to the Nikki Beach Resort & SPA with 4 hotels and 13 beach clubs scattered across the globe. The Dubai resort takes beachfront living to the next level with its contemporary architecture and constant celebration of life.
The hotel offers 117 rooms with a breathtaking sea view. Nikki Beach Resort & SPA also offers three signature dining venues, including:
The Nikki Beachclub is the first and original luxury beach club with premium entertainment, world class cuisine and panoramic views of Dubai Downtown and the famous cityscape. It features a swim-up bar, open and closed cabanas, the ultimate VIP cabanas, an oversized leisure pool, as well as a four-tier shisha terrace. Events are organized on a daily basis in The Beachclub from parties to various shows. Guests also have an opportunity to sign up for Yoga on the Beach and Dinner in the Sand.
As for relaxation spots, the famous Nikki SPA opens daily from 9am to 11pm. Visitors and guests can enjoy a retreat in specially appointed suites for women, men, and couples, where they can choose from a wide range of treatments. The SPA features the following:
Mercato Mall is one of the oldest shopping centers in Dubai. With a total area of 645,000 sq. ft, the mall offers over 130 retail spots for the ultimate shopping experience. Mercato Mall is famous for its design, which recreates the Italian Renaissance. It features outlets for clothing, accessories and footwear, as well as a VOX Cinemas. There are also indoor street cafes and eateries popular among locals and visitors. You can also find play areas with fun activities for children.
La Mer is one of the latest luxury waterfront developments of Dubai. Open since 2017, it is one of the top tourist destinations in the city, with gourmet restaurants, watersports and a waterpark, fun parks, street art and local events. Laguna Water Park is located in the middle of La Mer which is known for its water slides, as well as a 180-degree wave machine for those who want to learn how to surf. For more extreme adventures, there is a center for Watersports by First Yacht, which offers flyboarding, water step biking, pedal boats and jetskis. All of these entertainment options, as well as street performers and seasonal parties, make La Mer one of the hottest tourist spots in the city.
Properties in Pearl Jumeirah comprise over 300 residential plots, where the owners can build their villas according to the construction laws of Jumeirah as well as their own design preferences. Some of the specifications of such regulations include:
Being one of the few areas in Dubai with freehold residential plots, Pearl Jumeirah is highly popular among expats for investment, as well as living. The secluded and private location of the coastal community, as well as its close proximity to urban amenities and connectivity to major transport links, are a few of the attractive features for real estate buyers and investors. The island is ideal both for single individuals and for families, as it is located in close proximity to business communities and other popular neighbourhoods of Dubai.
Pearl Jumeirah attracts many tourists as it offers instant access to the best beaches, as well as popular landmarks. While being separated from the mainland of Dubai, the island still offers a range of facilities for its visitors as well as being next to one of the finest resorts in Dubai.
There are private properties adjacent to Nikki Beach Resort & SPA in Pearl Jumeirah which are in high demand as they offer a resort lifestyle and state-of-art amenities. The other popular option is villas, available in different sizes and price ranges.
3BR apartments are one of the most profitable options for investment, as they can generate an ROI of 5.1%. The average purchase price for this type of residential unit is AED 3,000,000 (USD 817,000) and the annual rental price for a 3BR apartment starts from AED 145,000 (USD 40,000). Taking into account the obligatory fees for management, utilities, as well as 5% income tax, the net profit from the investment amounts to AED 142,000 (USD 39,000).
Being one of the trendiest spots in Dubai, Pearl Jumeirah is becoming more popular among local and foreign investors, as well as homeowners, as the area offers a number of villas and townhouses of different layouts and sizes. The residential units are fully bespoke with state-of-art amenities. One of the most attractive selling options are freehold villa plots of large sizes, where the buyer can build and design a home according to their preferences and desires. Whether for living or for investing, the residential plot is a highly beneficial purchase. There is also a range of private residences including 1, 2 and 3-bedroom apartments with a sea view and facilities nearby.
The price for freehold residential plots, belonging to Pearl Jumeirah Villas, starts from AED 5,167,000 (USD 1,407,000). For this price the minimum size of the plot area would be 7,768 sq ft. The prices depend on the location and sizes, and the plots are situated all over the island. Residents have instant access to the beach, as well as the luxury resort nearby. The built up area of the plot is 70% excluding the basement.
Nikki Beach Resort & SPA offers 63 private residential apartments, as well as 1 penthouse and 6 townhouses. The minimum size of a 1BR apartment is 1,263 sq. ft and prices start from AED 2,993,000 (USD 815,000). Residents of the complex have access to a 450-meter private beach, gym, swimming pool, children’s playground, concierge services, a 24/7 security service, restaurants, cafes, shops and more. Furthermore, they can purchase a hotel membership card which gives a discount for services of the hotel and the right to use the gorgeous area of the Nikki Beach Resort.
|MP-S-32786||Freehold Residential Plot|Sea view|Prime Location||10,929 sq. ft.||10,000,000 AED|
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