Properties for rent in Palm Jumeirah

Dubai's property market is gathering momentum day by day. One of the property units in Dubai that have observed this shift in Dubai's real estate market is Palm Jumeirah. It is hugely popular among tourists because of its coastline and various attractions, such as Burj Al Arab, Wild Wadi and Kite Beach. Nestled in the picturesque coastal area of Jumeirah, Palm Jumeirah is a man-made archipelago that covers an area of 5.72 sq. km. Jutting out into the Persian Gulf, Palm Jumeirah resembles a stylised palm tree developed from the reclaimed land mass by Nakheel, a property owner based in Dubai. Consisting of various principal sectors, such as crescent, a 650 feet breakwater that encompasses the other three sectors, a trunk that bridges the gap between the island and the city and the spine that gives rise to 17 fronds, Palm Jumeirah offers water parks, beach clubs and wildlife encounters to its occupants.

Types of Properties in Palm Jumeirah

Visible from space, the Palm is paved with various tunnels and roads that offer easy access to restaurants, shopping outlets and hotels. From offering thrill-seekers an opportunity to skydive above the island to letting tourists sailing around the island in a speedboat, Palm Jumeirah is the world's most daring development. After launching the project, Palm Jumeirah's developer Nakheel revealed that there are 4,500 residential and commercial properties in the community out which there are 2,000 villas that were earlier taken by investors. As far as current statistics are concerned, there are more than 1,392 property units in Jumeirah, out of which more than 1,184 are flats, 143 are houses, 10 townhouses, 19 penthouses, 10 hotel apartments, 5 offices and over 11 shops. Highlighted by Expedia and architecture news website Arch Daily as one of the most iconic islands in the world, Palm Jumeirah offers panoramic views of the majestic Burj Al Arab and the Persian Gulf.

Rent Price Trends for Properties in Palm Jumeirah

Aquaventure waterpark, Atlantis hotel, Bread Street Kitchen & Bar by Multi-Michelin starred British chef and restaurateur Gordon Ramsay and Aussie beach-themed bar Bidi Bondi to Beirut Music Hall, Palm Jumeirah has it all. The rental price of apartments starts from AED 85,000 per year. Similarly, for those who are interested in villas in Palm Jumeirah, the rent is around AED 300,000 per annum. The real estate in Palm Jumeirah offers a variety of shops as well. The rental trend of the shops in Palm Jumeirah starts from AED 350,000 per annum.

Popular Areas of Palm Jumeirah

Containing more than 60 types of plants and trees, Ittihad Park on Palm Jumeirah is a 1.1 million sq. ft. eco-friendly, sustainable living space that boasts a 3.2-kilometre jogging track and an ample parking space for visitors. Located at the apex of the island, Atlantis is a luxurious hotel resort that has 1,539 rooms and 23 floors. Opened in the year 2008, the resort is complemented by the Nasimi Beach and Aquaventure water park that plays host to various shows and events. Moreover, Riva Beach Club on Palm Jumeirah offers a truly unique, relaxed and vibrant environment to the residents. Featuring 300 metres of beaches, temperature controlled pools, highest quality of European cuisine, refreshing mocktails and well-built gymnasiums, Riva Beach Club caters to all the needs of the residents.

Reasons for Renting in Palm Jumeirah

One of the most beautiful landmarks of Dubai, Palm Jumeirah offers underwater thrills by letting people enjoy a tour of The Lost Chambers Aquarium where they can dive or snorkel in the water with 14 species of rays and sharks. For those who need something more sedated, Palm Jumeirah provides them with the opportunity to paddle around the island, explore the calm waters and spend a day in Talise Ottoman Spa to get a coffee-spiked spa treatment. However, those who want to watch the heritage architecture of the Old Town and Dubai Creek or explore the other parts of Dubai, a City Circuit helicopter tour and Palm Jumeirah Monorail gives them a chance to do that. Owing to these features, people from far and wide come and take properties on rent in Palm Jumeirah.