Palm Jumeirah continues to be one of the most sought-after real estate locations in Dubai. 

Abdulla Bin Sulayem, CEO of Seven Tides International, the developer of Anantara the Palm Dubai Residences in Palm Jumeirah, said that only a few of its luxurious penthouse apartments within the development remained, while the rest have been sold.

According to him, Palm Jumeirah is popular location for real estate investors as they can earn a high yield. “Not only is this prime real estate, which according to industry experts produces high yields, it will also benefit from exceptional capital growth,” Sulayem said.

According to the ValuStrat Price Index, the Palm Jumeirah apartment market, particularly, was popular among real estate buyers in 2021, recording an annual price increase of 17.4%, with real estate consultancy Core commenting that prices for the majority of upscale apartment locations in Dubai will continue to increase throughout 2022. 

Also, a report from Luxhabitat Sotheby’s International Realty stated that AED4.2bn was spent on luxury real estate on the Palm Jumeirah alone during Q2 2021, the highest transactional value in Dubai during that period, adding that demand was ‘here to stay’.

The Anantara the Palm Dubai Residences in Palm Jumeirah

Dubai’s high-end property market has witnessed exponential growth in demand, especially for ultra-luxury properties, with 54 sold in the first nine months of 2021, according to the Dubai Land Department (DLD). 

This demand was also reflected in the sale of Anantara the Palm Dubai Residences in Palm Jumeirah. “All units within the Palm Jumeirah development, except those in the final phase of development, have now been sold, “ says Sulayem.

The four-bedroom penthouses are being sold fully fitted, with prices starting from AED21.6. All units feature panoramic views of the Arabian Gulf, Burj Al Arab and the Dubai Marina skyline, as well as a sunken swimming pool and an extensive private outdoor terrace. 

“These penthouse apartments, which are complete and ready to move in to, are perfect as second or holiday homes, where residents can take advantage of the facilities and amenities as well as high-end restaurants and bars within the five-star resort, away from the hustle and bustle of the city.”

Investors can also take advantage of a payment plan for the penthouse apartments, which entails paying 15% upon reservation, with further 15% instalments, thirty, sixty and ninety days from the reservation date, with a final payment of 40% upon completion. 

Abdulla Bin Sulayem, CEO of Seven Tides International, said: “This is an excellent opportunity for investors of all nationalities to secure a luxury freehold property in the Thai-inspired Anantara The Palm Dubai Resort development.

“We can also assist with a leasing strategy on a long-term basis, or the apartment can be added to the hotel rental management scheme, whereby the unit becomes a part of the hotel inventory and bookings are managed by the hotel reservations team,” added Bin Sulayem. 

In addition to access to the Anantara The Palm Dubai Resorts’ private beach and the 10,000 m sq temperature-controlled swimming pool, residents can also enjoy a wide variety of leisure facilities, including a fully-equipped gym, tennis courts and children’s play areas. They also have access to the renowned Anantara Spa and a choice between seven different dining experiences in the resort.