Duplex in Palm Jumeirah
Duplexes in Dubai are sought-after types of residential property and Palm Jumeirah is one of the most popular locations for purchasing a duplex in the emirate. The high-end residential properties located on the artificial island attract buyers due to their proximity to Dubai's most reputable hotels, restaurants and entertainment venues, good connections with other Dubai districts, as well as stylish and thoughtful layouts with a terrace and panoramic windows overlooking the sea.
The spacious 2-level residences with furniture from world-famous brands provide far more privacy than ordinary apartments. Wealthy homeowners can enjoy more space and personalised relaxation with a swimming pool, a jacuzzi and a private cinema, as well as additional dining and play areas.
Investments in a duplex in Palm Jumeirah mean investing in liquid and highly profitable assets that’ll not only help you to save but will also significantly increase your funds. The island is one of the main attractions of the emirate, so numerous foreign tourists tend to rent local property during their holidays, ensuring a high and stable rental income for the owners. The annual cost of renting duplexes located on the island varies from AED 184,000 to AED 3,400,000 ($50,000 to $925,500) annually.
Investors can also purchase an off-plan property at an early stage of construction and resell it profitably. The cost of this housing increases as the project approaches completion which means that, in 2-3 years, buyers can earn up to 20% of their investment.
Besides, it should be borne in mind that real estate prices in Palm Jumeirah are actively increasing. In 2022, they increased by 54%, while in Dubai (as a whole), the real estate price grew by 9–23%. A particularly profitable solution would be to invest in coastal duplexes as housing by the sea is in high demand, and land plots allowing real estate construction are limited in these locations.
Duplex prices in Palm Jumeirah
The cost of a duplex in Palm Jumeirah, Dubai, UAE depends on many factors. As a rule, the most expensive are the waterfront properties located near the seashore. Also, the prices of residential properties are affected by the area, the availability of furniture and household appliances, the architectural style, the interior design, and, of course, the availability of private amenities, which may include a swimming pool, a jacuzzi, a private spa and a gym, terraces, lounge and recreational areas, etc.
You can get acquainted with the approximate price range of duplexes in Palm Jumeirah with the following list:
- 2-bedroom apartments - from AED 8,000,000 to AED 35,000,000 ($2,180,000 to $9,530,000)
- 3-bedroom apartments - from AED 19,000,000 to AED 57,000,000 ($5,170,000 to $15,520,000)
- 4-bedroom apartments - from AED 31,000,000 to AED 115,000,000 ($8,440,000 to $31,310,000)
- 5-bedroom apartments - from AED 124,000,000 to AED 145,000,000 ($33,760,000 to $39,480,000)
Buy duplex in Palm Jumeirah
Experienced brokers will assist you with purchasing a duplex on one of the most famous artificial islands on the planet for moving, seasonal holidays, or receiving a high and stable income. Our highly-qualified experts with many years of experience in the Dubai real estate market are ready to assist with the selection of a property to fully meet your needs. Please feel free to contact us to receive comprehensive advice regarding the purchase, support at all stages of the transaction on the most favourable terms, and first-class after-sales service.
