Palm Jumeirah Luxury Homes
Dubai's Palm Jumeirah has long been synonymous with luxury real estate, and it continues to break records for selling some of the most expensive homes in the world. Whether you are looking to buy or rent, Palm Jumeirah offers unparalleled luxury and exclusivity that cannot be found elsewhere in Dubai.
Last year, the most expensive sales transaction in Dubai's history was registered on Palm Jumeirah, with a custom-built mansion that sold for more than AED 600 million (GBP 132 million). Another villa on Billionaire’s Row sold for AED 302.5 million, while the same year, a Palm Jumeirah villa sold for AED 301.15 million ($82 million) set another record for ultra-luxury home deals in the emirate.
These figures are becoming more common in the Palm, with a 44% price increase in this prime market last year. Beachfront, branded residences, and holiday homes remain the most sought-after properties in the Palm, while the island continues to cement its position as a prime destination for high-net-worth individuals.
Palm Jumeirah is consistently proving its worth as the top location for super prime properties in Dubai, with a string of high-value transactions recorded in 2022 and Q1 2023. Recently, an exclusive Signature villa on Palm Jumeirah was sold for AED 128 million, a testament to the exclusivity and luxury of this man-made island.
The most expensive residential plot sold for AED 10 million on Frond N, with an impressive size of 7,737 sq ft. The sale of three custom-built signature villas further reinforces Palm Jumeirah's position as a top destination for high-net-worth individuals. The most expensive of these was a stunning villa on Frond G, which sold for AED 126.25 million, boasting a sizable plot of 15,096 sqft. The second most expensive was a custom-built signature villa on Frond N, which sold for AED 80 million. Meanwhile, a garden villa on Frond G sold for AED 53.85 million, and a signature villa on Frond N sold for AED 52.5 million.
What makes Palm Jumeirah such a desirable location for luxury homes? Firstly, the beachfront views are unbeatable, and branded residences and holiday homes are particularly in high demand in this area. Secondly, there is an undeniable prestige that comes with living on the Palm, as such newer communities simply can't match.
The rental market in Palm Jumeirah is also super competitive, with a shortage of supply leading to steep rental increases.
It is not surprising that Palm Jumeirah remains the most expensive place to rent a villa or an apartment in Dubai, with the average price for a villa exceeding AED 1 million per year. Additionally, villas on the Palm are the most expensive in Dubai, with an average transaction price of approximately AED 3,250 per square foot. These statistics highlight the value of investing in a super prime property in Palm Jumeirah, and the high demand for such luxurious homes in this location.
LuxuryProperty.com was proud to complete the most expensive rental transaction in Dubai - a custom built home on Palm Jumeirah that rented for an astonishing AED 4 million (GBP 880,000) on a six-month contract, equating to AED 8 million (GBP 1.77 million) annually. These figures would have seemed wildly unrealistic for property owners only a few years ago but are now becoming commonplace.
The demand for luxury homes in this area shows no signs of slowing down, and developers continue to build new projects and branded residences to cater to the discerning tastes of affluent buyers.
If you are in search of the ultimate dream home in Palm Jumeirah, LuxuryProperty.com portfolio boasts some of the most extraordinary properties in the world, including a custom-built villa, available for AED 365 million.
With 7 bedrooms, 4 staff quarters, and a built-up area of 28,000 sq. ft., this grand villa is situated on a vast 30,000 sq. ft. plot. It offers every luxury amenity you could dream of, including a bowling alley, a cinema room, and a full spa with a sauna, steam room, and ice room. The villa also has its own plunge pool and a cigar lounge and bar, making it perfect for entertaining guests.
The villa's spacious master bedroom is accessed via a private elevator and offers a perfect retreat from the stresses of daily life. Meanwhile, the property's roof terrace is an entertainer's dream, featuring an outdoor cinema and plunge pool. The property is built to the highest standards using only the finest materials to ensure longevity and durability. The villa comes fully furnished with branded Italian furniture, offering turn-key convenience and luxury.
This residence is a true one-of-a-kind masterpiece that seamlessly blends luxury and functionality. With its prime location, world-class amenities, and high-quality finishes, it is the perfect home for anyone who appreciates the finer things in life.
8 28,000 sqft.
Custom Villas, Palm Jumeirah
Ref No. LP16993
Super Prime Homes on Palm Jumeirah
The super prime homes on The Palm are designed by internationally renowned and award-winning architects and can stretch over an enclosed area of over 19,240 square feet, featuring materials that add to the impression of subtle solidity. They feature a three-storey high entrance hall that frames a panorama towards the sea, while all the en-suite bedrooms feature extra space for study and hobby areas with breathtaking views of the sea.
Properties on Palm Jumeirah’s Billionaires Row are the epitome of luxury living, spreading over four floors, including picturesque rooftop terraces fully equipped with a modern gym, yoga deck, hot tub, and cinema.
These are just a few examples of how Palm Jumeirah delivers the most opulent residences that elegantly merge the outdoors and indoors while defying conventional rules about design, architecture, and façade style.
The amenities available in Palm Jumeirah's most premium villas are in a class of their own, with everything and anything one could possibly imagine available in a single home. For automobile enthusiasts, parking space to accommodate up to 10 cars is provided, showcasing the level of luxury and exclusivity on this island.
Palm Jumeirah's luxurious lifestyle and unparalleled views of the sea and city skyline make it a prime destination for high-net-worth individuals seeking to live in the most exclusive homes. The blend of sophistication and luxury in Palm Jumeirah's properties has set the bar high for luxury real estate in Dubai, and it is unlikely that any other community can compete with the exclusivity and prestige of this man-made island. For those who want to invest in luxury real estate or enjoy a lavish lifestyle, Palm Jumeirah is undoubtedly the place to consider. The stunning views, beachfront location, and top-notch amenities make it a prime destination.
4 5 14,459 sqft.
Raffles Villas, The Crescent, Palm Jumeirah
Ref No. LP13254
LuxuryProperty.com has an impressive portfolio of super prime luxury homes in Palm Jumeirah. If you are looking for your own dream home, our private client advisors team is ready to assist you in finding the perfect property to meet your expectations.