Sea view apartments for sale in Palm Jumeirah, Dubai, the UAE
Palm Jumeirah is one of the main attractions of Dubai. This is a bulk island created by human hands. It is associated with luxury, and it is a place with luxury real estate in Dubai. To buy a sea-facing apartment in Palm Jumeirah, it is not necessary to have UAE citizenship. The community is one of the freehold zones where the authorities allow foreigners to purchase and own real estate. Wealthy buyers consider it as an option for family holidays, permanent residence or investment.
Apartment prices in Palm Jumeirah by the sea
This area remains one of the most popular in communities bordering the Persian Gulf or the Arabian Sea. Luxury villas, houses in Dubai, and apartments are the most sought-after properties. The average prices for flats with a sea view for sale in Palm Jumeirah are as follows:
- studio apartments cost from $212,000;
- the price of 1-bedroom apartments starts from $435,000;
- 2- and 3-bedroom apartments cost between $626,000 and $1 million and above.
One can buy premium apartments for sale in Palm Jumeirah with a sea view more expensive – their price exceeds $3.5 million. The cost of villas overlooking the sea can exceed several tens of millions.
Lifestyle in Palm Jumeirah
The artificial island includes a trunk that surrounds 16 branches of a palm tree and a crescent-shaped crown. In the central part, there is a monorail connecting the island with the mainland. You can buy a flat in Palm Jumeirah on the beach in the trunk area. There are residential complexes, while on the branches there are closed communities with villas.
The area has everything you need for life:
- parking for apartment owners;
- monorail public transport, trams, and taxis;
- supermarkets Allday Fresh, Choithrams, Spinneys, Quick Buy, and others;
- several kindergartens, including Blossom Nursery and Redwood Montessori Nursery.
Schools in the surrounding area are 5-10 minutes away. People buying apartments in Palm Jumeirah with a sea view can use the services in medical clinics, such as the Emirates Hospitals Clinic Palm Jumeirah, ConfiDent Dubai Palm and Dr Joy Dental Clinic.
Apartments in Palm Jumeirah by the sea for investment
Due to the limited area of the territory, apartments in Dubai on the island are in high demand. And as the number of offers decreases, it will only grow. Recent years have seen record real estate growth in this area, so it can be classified as highly liquid and profitable housing. Buying foreign real estate is an affordable way to invest and save money from inflation. Investing in apartments in Palm Jumeirah by the sea is profitable for several reasons:
- annual value capitalization allows customers to profit from resale;
- high profitability ratio, reaching 5.5% for 1-bedroom apartments.
This indicator is slightly lower for 2-bedroom housing and studio apartments, at 5.1 and 5.2%, respectively. Since individuals in the UAE do not pay income taxes, they can buy an apartment in Palm Jumeirah with a sea view and receive a net income without visiting the country. In this case, the local agencies manage the real estate and are responsible for the organizational part of the process.
We will help you buy apartments in Palm Jumeirah with a sea view
The catalog contains offers from developers and real estate agencies. You can find an apartment in new buildings in Dubai or choose off-plan projects. The filter system can help you select apartments and flats in Palm Jumeirah by the sea. With it, you can find the type of housing with the number of bedrooms you need and set prices in dollars and euros or another currency.