Iconic artificial island Palm Jumeirah as a concentration of style and luxury 

Promotional features / Tue 31st Jan 2023 pm31 04:16pm

No need to guess that the legendary Palm Jumeirah Island is the most expensive neighborhood to buy real estate in Dubai. The world’s most iconic man-made island continues to attract luxury home buyers as property values continue to rise. A true wonder of the world, created by an ingenious human mind using unique technology welcomes investors, potential house owners, and tourists. It has luxurious hotels, villas, entertainment and shopping centers, and magnificent sandy beaches. Apartments in Palm Jumeirah in 2022 impress with their chic and modern interiors. Villas attract by their spaciousness and luxury. Let`s find out some information about why Palm Jumeirah has become the most expensive place in the emirate. 

Photo by ZQ Lee on Unsplash

The current situation on the real estate market of Palm Jumeirah 

Property prices in Palm Jumeirah continue to skyrocket, with the island setting new records for villas and apartments, even as demand for homes in other areas of Dubai begins to decline. Data from real estate consultancy Knight Frank show the next results: 

  • Ultra-prestigious areas with premium properties, including The Palm Jumeirah, Emirates Hills and Jumeirah Bay Island, have seen prices rise 58.9 percent over the past 12 months.
  • Мilla prices in the emirate rose 3.2% in the first quarter of the year compared to 3.4% in the last three months of 2021, the slowest quarterly growth in two years.

Palm Jumeirah continues to consolidate its iconic status, and buyers from around the world continue to fight for the right to live in Dubai’s most exclusive enclave.

Reasons for extreme popularity of the island among foreigners  

The island continues to impress with new and more advanced objects of infrastructure and residential complexes. Convenient location, high investment return, and incredible surrounding atmosphere are not the only reasons to become a house owner in Palm Jumeirah. Among some more important issues, we have the following: 

  • Exclusive place that offers mind-blowing lifestyle at the seafront 
  • Alluring prices on the real estate 
  • High quality of apartments and villas that coincides with their prices 
  • Opportunity to choose any type, footage, and location of the property 
  • Sky-rising towers opening the sea view.  

Most expensive housing options sold in Palm Jumeirah 

The real property on the branch Frond N is in high demand. Seemingly ultra-expensive villas and apartments are sold within a few days, while the developers work on even more incredible objects. Let`s investigate the homes sold for the highest prices. 

  1. The villa Framed Allure was sold for AED 128,000,000. It has a unique 1,600-year-old olive tree on the terrace. The intention of the designer was to blend “indoor and outdoor environments” and bridge the gap between modern life and the heritage of past centuries.  
  2. The sale of a 798-square-foot Los Angeles-style super high-end mansion was performed for AED 62,000,000. The smart-home technology mansion, with five bedrooms and a private garden, in excellent condition and with custom finishes, made it a rare option on the market.
  3. An ultra-premium villa in the One100 Palm community was bought for AED 120,000,000 (US$30 million), one of the most expensive deals of the year. It offers 5 bedrooms and more than 3,500 square meters of footage. Besides, it gets access to the entire necessary infrastructure like cinema, pools, gyms, and other entertainment right inside the building. 

Qualified help for the correct choice of property 

People, who strive to invest in the real property in Palm Jumeirah, are concentrated mostly on getting high returns. However, those who want to live permanently in the most expensive neighborhood in Dubai, should be careful in terms of deals as well. Every buyer needs to get professional help from specialists of a trusted agency. Ax Capital is the right place to address. Visit the website to explore the wide selection of stylish housing opportunities, adjust settings according to your desires, and estimate your chances and possibilities. The developers often provide advantageous mortgage plans even for the ultra expensive apartments and villas. To stay up to date, it is advisable to contact the agency. Do not wait to enjoy the benefits of Palm Jumeirah.  

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