Since its conception, Palm Jumeirah has always been a landmark luxury destination in Dubai. It is home to some of the most luxurious hotels and best entertainment spots in the world making it an absolute must-visit destination for tourists. It also features some of the most stunning apartment and villa complexes in Dubai that feature spectacular views of blue ocean waters, the city’s skyline and direct beach access making investing and renting in Palm Jumeirah a popular choice for many. If you are thinking about moving to and living on this luxurious island in Dubai, MyBayut reveals the top areas and buildings that have the best villas and apartments for rent in Palm Jumeirah.
Best areas to rent apartments in Palm Jumeirah
For anyone considering renting apartments in Palm Jumeirah, the rental units that are available here include studios, 1, 2, 3 and 4-bedroom units. Let’s take a closer look at the renting trends in the Palm to find out which areas and buildings in this island destination have made it on the list of top areas for renting Palm Jumeirah apartments.
Shoreline Apartments takes the lion’s share
First up on our list of best areas to rent apartments in Palm Jumeirah are the Shoreline Apartments. Located on the Trunk of Palm Jumeirah, the Shoreline Apartments have 20 residential buildings that offer luxurious apartments for rent that come fitted with the highest grade appliances and built-in wardrobes. All the buildings that are part of the Shoreline Apartments come with all the possible facilities and amenities such as a swimming pool, sauna, steam room, gymnasium, BBQ area, jacuzzi, kids play area, gardens and more. Built with the finest quality materials, the flats for rent in Shoreline apartments comprise of 1, 2 and 3 bedrooms for which the yearly rents start at AED 70k, AED 98k and AED 137k respectively.
Taking the second spot for renting apartments on Palm Jumeirah is the Fairmont Palm Residences. Featuring spacious 1, 2 and 3-bedroom units, that come with large balconies and access to the building’s swimming pool and gym; and also amenities such as round the clock security, housekeeping and maintenance services, renting apartments in the Fairmont Palm Residences offers an exclusive living experience. Apart from this residents also get to enjoy spectacular views of the ocean and beach-front from their homes. The yearly rents for a 1-bedroom apartment here start at AED 100k, while rents for a 2-bed unit start at AED 140k.
Ranking third the list for popular areas to rent flats in Palm Jumeirah are the buildings in Marina Residences. Comprising of six mid-rise apartments that come in configurations of 2, 3 and 4-bedrooms that are known for its unique views of the berths with docked yachts; renting in Palm Jumeirah’s Marina Residences is perfect for anyone looking for a world-class waterfront living experience. The yearly rents for an apartment in the Marina Residences start at AED 115k for a 2-bed, while rents for 3 and 4-beds start at AED 165k and AED 230k.
Golden Mile is next on our list of best areas to rent apartments in Palm Jumeirah. Those renting the apartments in Golden Mile can choose from 1, 2 and 3-bedroom flats for which the yearly rent price starts at AED 76k, AED 109k and AED 142.5k. There are even a few luxurious penthouses in this building complex. The Golden Mile apartments are also located on the trunk of the Palm and sit parallel to the Shoreline apartments.
Last on the list of the five best areas for renting in Palm Jumeirah flats is Oceana. The flats for rent in Oceana are known for their marvellous beachfront properties that offer private beach access. They also have spectacular ocean views and residents get to enjoy all the predicable facilities and amenities such as a swimming pool, health club access and children’s play area. You can find Palm Jumeirah flats here with 1, 2 and 3-bedroom configurations for which the rents start at AED 110k, AED 120k and AED 145k respectively.
Best areas to rent villas in Palm Jumeirah
The configurations for the villa rentals in Palm Jumeirah include 4, 5 and some larger 6-bedroom units. When it comes to real estate rental trends in Palm Jumeirah, according to the 2018 Dubai H1 market report, the average yearly rent for a 4-bedroom villa is AED 370k and the larger 5-bedroom villa is AED 390k. Renting villas in Palm Jumeirah is also a popular choice for residents in the UAE looking to live in larger homes, that provide direct access to the beach. If you think of moving into a villa on this man-made island, these are the top 5 areas to rent villas in Palm Jumeirah, which you should consider.
Garden Homes Palm Jumeirah takes the top spot
The luxury villas of the Garden Homes take the first spot for best areas to rent villas in Palm Jumeirah. Each of the villas for rent in Garden Homes come with two private garage spaces, a swimming pool and a spacious lawn. The residents of the Garden Homes villas also enjoy privacy and exclusivity as there is 24-hour security for these homes. The prices for renting a villa in Garden Homes start at AED 305k for a 4-bedroom and AED 390k for a 5-bed.
Taking the second spot are the Signature Villas in Palm Jumeirah. Featuring deluxe double-storied beach-front villas that boast of distinct themes and styles, the villas for rent in Signature Villas are known to be the epitome of luxury living in Dubai. Apart from direct beach access, the villas come fitted with its own pool, private garage for two cars and round the clock security for the home. Another added benefit is that the Signature villas is a pet-friendly community in Dubai. The prices for renting a villa here start at AED 345k.
Canal Cove ranks third on the top five areas to rent houses in Palm Jumeirah. This villa community in Palm Jumeirah is located on the fronds and is considered to be more affordable when compared to other houses in Palm Jumeirah. The residents of the Canal Cove villas get to enjoy all the facilities such as the remote-controlled garage and complete access to the communal gardens, leisure clubs, swimming pool and gymnasium. Current prices for a 4-bedroom villa in Canal Cove starts at AED 275k.
Those looking at renting in Palm Jumeirah would also do well to look at the villas in Palma Residences. These houses for rent in Palma Residences are surrounded by landscaped gardens that are perfect for families with kids who love the outdoors. There are also numerous nurseries, health clubs, spas and gyms available in this locality, so you definitely won’t be disappointed when renting a house here. The prices for renting in Palma Residences start from AED 330k.
Last on the list of the five best areas to rent in Palm Jumeirah is Marina Residences. Although there are more apartments available here, there are a few villas that residents can take a look at to experience a marina lifestyle.
There we have it, all the best areas for renting in Palm Jumeirah. If you are considering moving to this luxurious island destination, make sure to familiarise yourself with the pros and cons of living in Palm Jumeirah. If you’d prefer a more long-term investment, take a look at our feature on the top areas for investing in Palm Jumeirah.
Do you live on Palm Jumeirah? Do you love it or hate it? Share your experiences with us in the comment section below about renting in Palm Jumeirah and make sure you are subscribed to MyBayut for more updates and information about all trending areas in Dubai and the UAE.