Palm Jumeirah in Dubai has gained its worldwide popularity due to the abundance of luxurious hotels and spacious apartments. Flats for investment in Palm Jumeirah are the implementation of new architectural masterpieces that attract the attention of investors and tourists. The identity of the neighborhood of Palm Jumeirah lies not only in the fact that it was built in the desert, but also in the implementation of unusual projects. So, the architectural wonder has a lot to offer than just intricate buildings. What else does the artificial island hide? Let`s find out in this article.
Palm Jumeirah is an incredibly expensive project
The cost of its construction is $12 billion. It is easy to believe in this price as the scale of the project and its implementation impress. The fact that Palm Jumeirah is a state property is even more interesting. The construction of the island was performed by the largest developer in Dubai, the state-owned company Nakheel Properties.
The huge investment of the state funds justifies itself. The artificial islands are planned and built to increase tourism in Dubai. This should be an insurance policy against the depletion of the UAE’s vast oil reserves in the future.
The process of construction of Palm Jumeirah is absolutely unique
There are not so many projects in the world that are built with the involvedness of divers. Before the construction of Palm Jumeirah began, they surveyed the rock formations and the seabed. This was necessary to ensure the feasibility of this ambitious project.
Some other striking facts related to the construction of Palm Jumeirah:
- In construction of Palm Jumeirah in Dubai only premium-quality materials were used.
- The unique structure of Palma Jumeirah contains 120 million cubic meters of sea sand and 7 million tons of rocks.
- The artificial island was excavated in the Persian Gulf 10 nautical miles from the mainland.
Palm Jumeirah is a truly the island of palms
No doubt, Palm Jumeirah is a true marvel of modern architecture. Artificial islands made in the form of a date palm: the trunk and 16 symmetrically located branches on both sides. To protect the island from the destructive power of water, it was surrounded by a special breakwater in the form of a crescent.
However, palm is found not only in the name and the layout of the island. There are more than 12,000 palm trees planted on the island. All of them are grown in a local tree nursery.
Foreigners can buy property in Palm Jumeirah
Palm Jumeirah is included in the list of freehold zones. Due to the legislation of the UAE, foreign citizens have the right to buy property in any location of the island. If you buy property on a freehold basis in Palm Jumeirah, you have absolute title to the property and can dispose of it at your own desire. Such property can be freely sold, rented or occupied at the owner’s will.
Palm Jumeirah is characterized by an innovative developed infrastructure. Here you can find a lot of beneficial options. Luxury private villas, expensive apartments, shopping centers, entertainment areas, hotels, beaches and tourist facilities are among the most advantageous characteristics of the area. To select the most suitable housing unit, go to the website Emirates.Estate. The source contains a collection of reasonably priced accommodation of premium quality. A buyer has a great opportunity to choose the desired housing object and make it either a second home or a responsible investment.
There is a breathtaking viewpoint in Palm Jumeirah
The View at The Palm is one of the major attractions of the island. From the observation deck located on the last 52nd floor of the iconic Palm Tower, you can really see every leaf of the Palm Jumeirah. It is a great way to get a view from a lofty height of 240 meters overlooking the branches with the villas, the central highway, the Atlantis Hotel on the crescent island, the Burj Al Arab, the Burj Khalifa and other skyscrapers in Dubai.
The entry point for visitors is the second level of the Nakheel Mall. This is where the Starbucks Café, aquarium tunnels and gift store are located. At the entrance of the attraction there is an interactive exhibition about the creation of the island of Palm Jumeirah.
The bottom line
Palm Jumeirah is a case where the area itself is a landmark. Looking at the island of Palm Jumeirah, it is difficult to accept the idea of its construction. You will not find any trace that the island has been built in the desert.
Investment in real estate and relocation to Palm Jumeirah in Dubai is a rational decision. In case, the lifestyle will appear unsuitable or because of some issues, you will have to leave, the property will be rented out for very good money.
*THIS IS NOT INVESTMENT OR FINANCIAL ADVICE*