What everybody ought to know about investing on Palm Dubai

The Palm Jumeirah is not only developer Nakheel’s headline property development, but it is also one of Dubai’s most popular freehold developments, thanks to an aggressive advertising campaign and worldwide recognition of this unique venture.  All the properties on the Palm sold out relatively quickly, and are now only available to buy on the secondary market but prices are certainly higher for this development than on many others.  Located near to the Dubai Marina and Dubai Media City, the Palm Jumeirah takes pride of place on the waterfront of new Dubai, and despite some construction delays pushing back the schedule, is now home to residents.

Luxury Dubai freehold property

The Palm Jumeirah is not only a freehold development with a difference; it also has some of the most expensive properties on the entire Dubai real estate market.  Luxury apartments and signature villas on the Palm fetch a high price, and thanks to high levels of demand, these prices are ever increasing.  Property investors that choose to buy here should be aware that all properties cost several million, and the more exclusive the property, the higher this price becomes.  All the properties on the Palm Jumeirah though are luxury and come with an excellent selection of extra amenities, so buyers certainly get what they pay for.

Dubai freehold property like no other

The Palm has been praised as a breakthrough in engineering and construction; after all, residents are living in the Arabian Sea!  This novelty and uniqueness is an important factor in the current and future demand for the buying on the Palm, as prices are high right now thanks to popularity, and will continue to stay high as the second Palm Jebel Ali is not due for completion until 2012.

Renting is still allowed on the Palm Jumeirah

This is an issue that has plagued many investors on Emaar projects.  A large number of property investors buy here to rent out the property to the many tourists that visit Dubai but only a few months ago leading developer Emaar announced that buyers on their projects would not be allowed to lease out properties on a short term basis.  Fortunately, Nakheel has not made such a stipulation and as the Palm Jumeirah is set to be a big tourist attraction, property investors can earn excellent rental income without many restrictions.

We have a selection of properties on the Palm Jumeirah and the Palm Jebel Ali, so be sure to buy your Dubai freehold property at the right price and with the right service.

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