The Palm Jumeirah has been a quintessential luxury destination in Dubai since it was developed over a decade ago. Some of the most luxurious hotels and entertainment spots in the world are located in Palm Jumeirah, making it a must-visit destination for tourists. The man-made island also features some of the most stunning apartment and villa complexes in Dubai, offering spectacular views of sparkling blue ocean waters, the city’s skyline and direct access to the beach. This is why investing and renting in Palm Jumeirah is a popular choice for many.
If you are thinking about moving to or living on this luxurious island, MyBayut reveals the top areas for villas for rent in Palm Jumeirah Dubai and apartments.
Best areas to rent apartments in Palm Jumeirah
- Shoreline Apartments
- Marina Residences
- Golden Mile
- Tiara Residences
- The Crescent
Based on searches conducted by users on Bayut.com over the past 12 months
Bayut and dubizzle’s Dubai rent report for Q1 2021 shows a sizeable uptick in demand for rental properties in the city. Our data experts reveal that potential tenants are also eyeing Palm Jumeirah as a possible home.
For tenants interested in apartments for rent in Palm Jumeirah, the available units include studios, 1, 2, 3 and 4-bedroom flats. Let’s take a closer look at the rent trends in The Palm to find out which areas and buildings on the man-made archipelago are popular among prospective tenants interested in upscale island living.
First up on our list of best areas to rent apartments in Palm Jumeirah is Shoreline Apartments. Located on the trunk of Palm Jumeirah, Shoreline Apartments consists of residential buildings that offer luxurious apartments for rent that come fitted with the latest amenities. All the Shoreline Apartments buildings include upscale 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 include 1, 2 and 3 bedroom units for which the yearly rents average at AED 106k, AED 124k and AED 152k, respectively. Take a look at Shoreline Apartments floor plans for a better perspective of layouts.
Marina Residences ranks second on the list of popular areas with apartments for rent on the Palm Jumeirah. The multi-building complex offers a range of perks, including round-the-clock security, designated parking spots and dedicated maintenance staff to ensure that everything runs smoothly.
As per the current rent trends in Palm Jumeirah, apartments for rent in Marina Residences are popular among potential tenants looking for 2-bed flats, which average at AED 120k per annum. Marina Residences floor plans can offer a better view of the layouts available in the building.
Golden Mile is next on our list of best areas to rent flats in Palm Jumeirah. The apartments on the Golden Mile include 1 and 2-bed flats bedroom flats for which the yearly rent averages at AED 79k and AED 114k, respectively. There are even a few luxurious penthouses in this building complex, perfect for those who enjoy expansive views of the city’s spectacular skyline.
The Golden Mile Palm apartments are located parallel to Shoreline apartments and offer similar amenities. Tenants residing in these flats have access to shared gyms, pools and other recreational facilities. Check out Golden Mile floor plans to find a layout to suit your needs and preferences.
Those searching for apartments for rent in Palm Jumeirah may focus their search on Tiara Residences. This is a complex of seven residential buildings and 15 floors. Located next to Nakheel Mall, the development is ideal for those searching for accommodations near the city’s best retail hubs. As a resident at Tiara Residences, you can have access to various amenities like a swimming pool, Jacuzzi, gym and sauna. Additionally, there is also a play area for kids and a volleyball court.
With several units to choose from, prospective tenants are spoilt for choice in terms of apartments for sale in Tiara Residences. Available in different configurations, the flats here are priced at AED 111k for 1-bedroom, AED 147k for 2-bed and AED 172k for 3-bed units. Those interested in buying apartments in Palm Jumeirah can check out the floor plans for Tiara Residences for a closer look at available layouts.
The Crescent is a sub-community in Palm Jumeirah in which prospective tenants are keen on renting apartments. A monorail connects the neighbourhood with other parts of the community. It is a family-friendly area where some properties come with their own private beach.
The apartments for rent in The Crescent average at AED 146k for 1-bed, AED 220k for 2-bed and AED 344k for 3-bed units. Prospective tenants can look at the floor plans at The Crescent to see various configurations for the mentioned bed types.
Best areas to rent villas in Palm Jumeirah
- Garden Homes Palm Jumeirah
- Signature Villas Palm Jumeirah
- Kingdom Of Sheba
Based on searches conducted by users on Bayut.com over the past 12 months
Tenants interested in the villa rentals in Palm Jumeirah are keen on larger units with 4, 5 and 6-bedrooms perfect for family living. 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 are thinking of moving into a villa on this artificial island, these are the top 5 areas with Palm Jumeirah villas for rent that you can consider:
Garden Homes, Palm Jumeirah
The luxury villas of the Garden Homes community in Palm Jumeirah takes the first spot when it comes to the most popular areas to rent villas in Palm Jumeirah. 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, exclusivity and safety as there is 24-hour security for these homes.
Apart from comfortable living experiences, Garden Homes has plenty of options for tenants who follow an active lifestyle. Fitness enthusiasts can take advantage of the community’s jogging tracks and shared gym.
The available inventory of villas for rent in Garden Homes Palm Jumeirah is popular for larger homes. The average annual rent for 5-bed and 6-bed villas here is AED 798k and AED 1.4M respectively.
Signature Villas, Palm Jumeirah
Taking the second spot is Signature Villas in Palm Jumeirah. Featuring deluxe beach-front villas that boast distinct themes and styles, the villas for rent in Signature Villas epitomise luxury living in Dubai. Apart from direct beach access, houses here come with pools, private garages for two cars and round the clock security. Another added benefit is that Signature villas is a pet-friendly community in Dubai, so your furry friends are also equally welcome.
According to our data experts, the average annual price to rent a 6-bedroom house in the community is AED 1.5M per annum.
Kingdom of Sheba
Villas for rent in the Kingdom of Sheba are also ideal for those interested in living in this upscale island community.
In addition to spacious accommodations, the Kingdom of Sheba is close to some of Dubai’s most famous landmarks like Atlantis in The Palm and the Burj Al Arab — both of which offer various activities to keep visitors entertained. In terms of average annual rents, 5-bedroom houses here average at AED 975k.
Frequently Asked Questions
What is there to do in the Palm Jumeirah?
There is plenty to see and do at the Palm Jumeirah. For one, it’s the perfect place for a staycation. The palm-shaped area is home to some of the city’s most luxurious beachside resorts, including the world-famous Atlantis the Palm hotel.
If you’re on a restricted budget, no worries, there are also a number of free free things on the Palm. For example, you can take a stroll along The Boardwalk at Palm Jumeirah – an 11 km long wooden walkway that hugs the coastline.
Is Palm Jumeirah a good place to live as a tenant?
A lot of expats move onto Palm Jumeirah as tenants every year. The island is one of the best areas for luxury rental properties as per the Bayut and dubizzle rental report for Q1 2021.
The archipelago is also globally popular in terms of property investments. The proof is in the facts. According to Bayut and dubizzle’s property sales report for Q1 2021, it ranks among the best areas for luxury apartments and villas in Dubai.
What are the pros and cons of living here?
Living in Palm Jumeirah can seem like a dream. However, prospective residents must factor in the pros and possible challenges of life on the island before they decide to move in. For instance, you can expect to pay a pretty penny for the attractions since it is, after all, one of the most luxurious addresses in Dubai. However, for most residents, perks like self-sufficient neighbourhoods, beachfront living and an active social calendar make up for it.
That is all we have for you on the properties for rent in Palm Jumeirah. Stay tuned to MyBayut for more updates on UAE real estate. Our guide to the top buildings to buy apartments in Palm Jumeirah can help you find suitable accommodations in the area. If you are interested in living a lavish lifestyle, you can also consider investing in the most expensive properties on Palm Jumeirah.
Do you live on Palm Jumeirah? Share your experiences with us in the comments section below.
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