The most expensive neighbourhood, The Palm Jumeirah

The most expensive neighbourhood, The Palm Jumeirah

The world’s most iconic manmade island continues to attract luxury buyers

“Most of the buyers that buy on The Palm want to live by the beach or the sea. With the recent opening of the beach club, Sãn Beach and new five-star hotels such as the St Regis Dubai, The Palm, this island has much more to offer now.”

Waterfront freehold property has always been in high demand and nowhere in the Emirate can match the range, quality and accessibility quite like Palm Jumeirah.

Connor Savage, Associate Director at Powerhouse Real Estate, agrees, “Waterfront freehold property has always been in high demand and nowhere in the Emirate can match the range, quality and accessibility quite like Palm Jumeirah.”

He says The Palm’s attraction lies in the fact that it offers something for everyone; from a studio unit all the way through to custom-built super-prime beach front mansions — and that it offers waterfront living while real estate developments continue to expand further inland.

“It has had many years to iron out teething problems, facilitate the construction of hotels and shopping malls, bars and restaurants at multiple locations. Well considered to be the most recognisable address in the world, it has a growing list of merits that are now drawing the interest of clients the world over,” Savage says.

“With the recent property boom, buyers seem confident that paying more now will bring even greater rewards in the months and years to come.”

But for those who find The Palm lifestyle just a shade too far, there are several other options that offer a similar lifestyle at significantly lower valuations. Savage says buyers looking for a similar category can choose from Bluewaters Island, Dubai Marina, Madinat Jumeirah Living or La Mer.

 

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