Palm Jumeirah, Dubai’s iconic man-made island home to some of the most expensive properties and destination to landmark hotels, restaurants and more has been recognised with various records and awards.
- One of the most recognised landmarks from space
- Welcomes four million visitors every year
- Home to 80,000 residents from 70 nationalities
- Includes Aura Skypool, the world’s highest 360-degree infinity pool
- Features Michelin Star recognised restaurants
- The View at The Palm won Trip Advisor’s Travellers’ Choice Award 2022
Last month, Arabian Business reported on Dubai’s top five most expensive properties sold in 2022 of which four were located in Palm Jumeirah.
Dubai’s prime residential market saw volume growth in Q3 2022 by 1.11 percent quarter on quarter totalling to AED21.9 billion with an increase in average prices by 11.9 percent, according to a report by LUXHABITAT Sotheby’s International Realty.
The top three areas in terms of sales volume in the prime segment are Palm Jumeirah, Business Bay and Downtown Dubai, being the most favourable locations for prime property buyers.
Occupancy rates in Dubai are also expected to soar above 90 percent, paralleling Expo 2020 and making Q4 performance comparable to the same period in 2021, the report said.
Follow us on
