Buy an Apartment on Palm Jumeirah
Palm Jumeirah is the world-famous man-made island shaped like a palm tree, visible from space and synonymous with exclusivity. It is the most prestigious residential address in Dubai and one of the most recognisable property locations in the world.
The anatomy of Palm Jumeirah
Palm Jumeirah consists of three parts: the Trunk, the Fronds and the Crescent. The Trunk hosts high-rise apartment developments and forms the gateway to the island. The 16 Fronds offer exclusive villas with private beaches. The Crescent is the outer ring, home to iconic hotels such as Atlantis and Jumeirah Zabeel Saray.
The island has a monorail connecting the Trunk with Atlantis, dedicated residents' beaches, an 11-kilometre boardwalk, and a growing selection of restaurants and shops. Nakheel Mall, located on the Trunk, offers more than 300 shops and restaurants.
Apartment developments on the Palm
Most apartments on Palm Jumeirah are located on the Trunk in high-rise towers. The Palm Tower (52 storeys) is the newest and tallest residential building, with a rooftop infinity pool and 360-degree views. FIVE Palm Jumeirah combines hotel and residences with a lively atmosphere and access to a beach club and restaurants.
Atlantis The Royal Residences offers ultra-luxury branded apartments with access to all Atlantis facilities. Shoreline Apartments and Golden Mile are older but well-regarded developments in a premium position. One Palm by Omniyat represents the absolute top of the market, with full-floor penthouses.
Apartments are also available on the Fronds in boutique buildings, generally below the Trunk towers in price, but quieter in character and closer to the water.
Prices and market analysis
Prices on Palm Jumeirah reflect the exclusivity of the address. A 1-bedroom apartment starts from approximately AED 1,800,000 (approx. EUR 450,000) in older towers and from AED 2,500,000 in newer projects such as The Palm Tower. Two-bedrooms start at around AED 3,000,000 and penthouses from AED 10,000,000.
Market values on the Palm have risen sharply in recent years. Apartments trading at AED 1,500,000 in 2020 now fetch AED 2,500,000–3,000,000. The average price per square foot has climbed from AED 1,500 in 2020 to more than AED 2,600 in 2024, an increase of over 70%.
The rental market and yields on the Palm
Yields on Palm Jumeirah range between 4% and 6% net for long-term lets. Absolute rents are high: a 1-bedroom apartment lets for AED 100,000–AED 160,000 per year, a 2-bedroom for AED 150,000–AED 250,000.
Short-stay letting is particularly lucrative on the Palm. A 1-bedroom apartment can achieve AED 800–AED 1,500 per night in high season. At an average occupancy of 70–80%, holiday letting generates 25–50% more than an annual lease. The Palm is one of the most sought-after tourist destinations in Dubai.
The Golden Visa and Palm Jumeirah
Given the minimum entry price of AED 1,800,000 for an apartment on the Palm, most purchases here qualify for the 10-year Golden Visa (threshold AED 2,000,000). This makes a Palm investment doubly attractive: you acquire not only a premium property with strong growth potential, but also the right to live in the UAE.
Augusta Properties guides you through the Golden Visa application as part of the purchase process. The procedure is relatively straightforward and is usually completed within 4–6 weeks of the ownership being registered.
Personal guidance from Augusta experts
Every situation is different. Our advisors would be pleased to discuss your requirements, entirely without obligation.
Frequently asked questions
Is Palm Jumeirah easy to reach?+
Yes. The Palm is accessible via the monorail (connecting to the metro at Internet City), the Palm Jumeirah tunnel and the main bridge. Access roads can be busy at peak times, but outside rush hour you reach Sheikh Zayed Road in 5–10 minutes. Connectivity has improved considerably in recent years.
Can I let my Palm apartment through Airbnb?+
Yes, short-stay letting is permitted with a DTCM licence. Palm Jumeirah is the most popular holiday-letting location in Dubai. The combination of beach, luxury and name recognition attracts a constant flow of premium guests.
Are there good schools and supermarkets on the Palm?+
Nakheel Mall has a Waitrose supermarket and a range of shops. There are no schools on the island itself, but several international schools (GEMS, JESS) are a 10–15 minute drive away in neighbouring districts. Most families on the Palm accept this, counting the proximity of the beach and lifestyle amenities as the greater advantage.
How high are the service charges on Palm Jumeirah?+
Service charges vary widely by tower: from AED 15 per sq ft in older developments such as Shoreline to AED 35–45 per sq ft in premium towers such as FIVE Palm and Atlantis Residences. Higher service charges reflect more extensive facilities such as beach access, concierge and hotel services.
How will the Palm develop in the coming years?+
Nakheel invests continuously in upgrading infrastructure and amenities. Palm West Beach, a new beachfront strip on the west side of the Trunk, recently opened with restaurants and beach clubs. Further retail and entertainment expansion is planned for the island.