The Palm Jumeirah is an artificial island that has become a prominent landmark in Dubai. It is a genuine feat of contemporary engineering and technology. It is called the "eighth wonder of the world" because it was built to resemble a massive palm tree.
Despite the exorbitant prices, many individuals are interested in purchasing a home or flat in Palm Jumeirah because of the incredible amenities and breathtaking scenery.
In addition to its infrastructure, it is well-known for the ultra-luxury homes it contains. In the third quarter of 2020, there were 159 sales in this community. When compared to the previous quarter, however, the numbers show a 77% increase. Sixty percent of these deals were for apartments, while the remaining forty percent were for villas on Palm Jumeirah.
Nakheel's Palm Jumeirah project was off in 2001, and by 2006, the whole mega-project was finished. Keep reading to learn more about Palm Jumeirah, the very definition of style and comfort:
Unique Facts About Palm Jumeirah
Some Market Facts
- The construction was finished in 2006, and the first residents moved in the following year. Five hundred people had moved into this complex by year's end of 2007.
- Palm Jumeirah is home to mansions owned by international A-listers. Famous athletes like David Beckham, Bollywood's Shahrukh Khan, and reality TV's Kim Kardashian are among them. Shilpa Shetty, a Bollywood actress, to has a villa in Palm Jumeirah.
- This neighborhood's homes have gained notoriety outside of Dubai. They have widespread renown. This is why Palm Jumeirah has more expensive apartment and villa rentals than other areas in the emirate.
- More than 12,000 trees were planted and nurtured in a nursery to become Palm Jumeirah.
- The bridge from Palm Jumeirah to Dubai is 1.4 kilometers in length. There is also a monorail that connects this area to the Dubai shoreline. A tunnel runs from the Palm's crescent to the boot, joining the two together.
- If you invest in Off plan projects in Dubai, then you will get a high ROI in Palm Jumeirah.
- Palm Jumeirah is actually the middle island of a planned trio of man-made islands. Thus, Palm Deira and Palm Jebel Ali will also be a part of this group of islands.
- The total land area of Palm Jumeirah is 5.72 square kilometers. Six hundred football fields might fit within this space.