1. PALM JUMEIRAH
Constructed by the Nakheel Properties, Palm Jumeirah is an artificial archipelago on the Persian Gulf divided into four parts: the trunk, spine, fronds, and crescent, shaped like a palm tree and is home to luxury hotels, restaurants, and residences. The foodies can experience the delicacies of the Palm Jumeirah restaurants with several other exciting events. Built to promote upscale tourism, the island serves as one of the most popular areas for setting up a livelihood with its alluring and luxurious lifestyle and the picturesque beauty of the nature surrounding it.
The island offers several rental sea-view apartments with high living standards where residents can enjoy the serene panoramic views of the Arabian Gulf. The Palm Jumeirah monorail connects the island with Dubai’s coastline. The cost of renting a seaside apartment in Palm Jumeirah varies according to the market conditions. A studio apartment costs around AED53K - AED102K annually, while a 1-bedroom apartment costs around AED105K - AED161K annually. The cost of renting 2-bedroom and 3-bedroom seaside apartments in Palm Jumeirah is approximately AED130K - AED249K and AED165K - AED351K annually respectively.