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Palm Jumeirah is one of the biggest artificial islands in the world.
Shaped like a palm tree, this island has a lot in store for investors and visitors alike.
As Dubai’s leading vacation rental management company, we manage a couple properties in this location. This gives us immense knowledge about Palm Jumeirah, both from the perspective of guests and property owners. So whether you’re looking for a place to stay, have fun, or looking at investment opportunities in Palm Jumeirah, this is your go-to guide.
Sit back and crack open a coconut as we explore this palm-shaped island. *Pun heavily intended*
Here’s 5 things you should know about Palm Jumeirah;
Palm Jumeirah isn’t the only island shaped like a palm tree. It’s a part of the tripartite Palm Islands Project in Dubai, which includes; Palm Jumeirah, Palm Jebel Ali, and Palm Deira. Construction for the latter two started in 2002. However, they were paused due to the 2008 global financial crisis. Recently, Nakheel reopened Palm Jebel Ali in 2024 and the expected completion date is by 2027/2028.
Can you believe it took just 6 years (2001-2007) to create one of the largest artificial islands in the world? Yes. And that’s just mind-blowing.
Palm Jumeirah was built through land reclamation and is divided into 3 parts. First, The Trunk. This area is the main access point to the island and has a mix of residential and commercial spaces. Next — The Fronds. This area has 16 sections and is home to some of the island’s most luxurious villas. Last is The Outer Crescent which is lined with high-end resorts and hotels.
Over 80,000 people live in Palm Jumeirah. Okayyyy…What does this mean? Well, it means there’s something about the island that makes people want to stay. If you’re curious, consider booking a stay in Palm Jumeirah.
A monorail is a train that runs on a single rail instead of two. It is usually elevated and powered by electricity, making it a fast and convenient way to travel. Interestingly, the first monorail in the UAE was launched in Palm Jumeirah in April 2009.
If you’ve ever wondered what living in Palm Jumeirah is like, you’re about to get the inside scoop. Remember, we’ve hosted several guests and even helped owners manage their property here. So we know a thing or two A LOT about the island.
Photo by Jenis Christopher
Here’s everything you need to know about living in Palm Jumeirah:
For accommodation, you have two options: a hotel or a short-term rental.
If you want a comfortable and flexible stay, we recommend a short-term rental over a hotel. You’ll have more space, a kitchen to prepare your own meals, and a home-like atmosphere. Depending on where you book, you could even get extra perks. Plus, short-term rentals often come at a better value, especially for longer stays.
However, the choice is yours. So here are some great hotels to stay in:
Now if hotels aren’t your thing, you’ll love these residences:
“Residences” aside, let’s talk about actual “homes” to stay in for your vacation. When it comes to short-term rentals in Palm Jumeirah and Dubai in general, Homevy sets the standard. You won’t find prices or services like ours anywhere else. Check out some of our homes here.
If you’re a gym rat, a foodie, or someone who loves “resort-style” living, Palm Jumeirah offers a little bit of everything and more. Let’s look at some top amenities that make this palm-shaped island interesting:
Palm Jumeirah is not just about living in a luxury home; it’s about being part of an exclusive but friendly community. You get to attend exciting events like the annual Dubai Shopping Festival (DSF), where you’ll get incredible deals while mingling with people from all over.
There’s also Ramadan which is the fasting season. Next comes the Eid celebration which marks the end of Ramadan. During Eid, there are family-friendly events and shows, particularly at Atlantis The Palm.
Around February, the Kizomba Fusion Festival begins. It brings international artists together for performances, workshops, and parties. If you love to dance, you will definitely enjoy it, as well as other parties hosted at FIVE Palm Jumeirah.
And of course, The New Year’s Eve celebrations are nothing short of spectacular. Expect dazzling fireworks displays, music performances, and grand parties in the Palm.
Homevy Tip: Atlantis The Palm, in particular, is known for its extravagant New Year’s Eve parties. You WOULD NOT want to miss it.
Palm Jumeirah has everything you need, from high-end fashion brands and local boutiques to everyday essentials. Here are some top shopping spots in Palm Jumeirah and what they’re best for:
We’ve talked about where to live and shop. Now it’s time to talk about amazing places you must see:
Photo by Pixbay
Now let’s talk activities to do in Palm Jumeirah:
Although there is no Dubai metro access in the Palm Jumeirah community, there are other means of transportation including;
Photo by Francis Jay Garingo
The Palm Jumeirah Monorail is a rail transit system with four stations: Palm Gateway, Al Ittihad Park, Nakheel Mall, and Atlantis Aquaventure. It runs daily from 9 AM to 10 PM, with trains departing every 15 minutes. A single trip starts at AED 5, while a round trip starts at AED 10.
Fun Fact: Although it’s a fast and convenient means of transportation, most tourists use it just to get a better view of the island.
Palm Jumeirah’s bus services are another way to get around the city. It is pretty cheap with the lowest price being AED 3 (when using a NOL card). It’s a great option for budget-friendly travel and easy access to nearby areas.
You can get around Palm Jumeirah by tram, with tickets costing between AED 3 and AED 6. The tram connects the community to Dubai Marina, Al Sufouh, and Jumeirah Beach Residences, stopping at 11 stations. It runs Saturday to Thursday from 6:00 AM to 1:00 AM and Friday from 9:00 AM to 1:00 AM.
Screenshot from TripAdvisor
Before we break down the numbers, know that these are only estimates. Your actual expenses will depend largely on your lifestyle.
That said, let’s get into it:
But if you’re considering buying instead of renting, here’s what to expect:
2. In addition to housing costs, groceries can cost anywhere between AED 400 – AED 1000 monthly for one person. Utilities like internet, electricity, garbage, etc. can cost between AED 1000 – 2500 per month.
3. If you have kids, private school tuition can cost between AED 25,000 – AED 45,000 yearly for preschool, and AED 30,000 – AED 60,000 yearly for elementary and middle school. For high school, budget around AED 40,000 – AED 80,000 per year.
Photo by Katerina Holmes
Speaking of tuition fees, Palm Jumeirah isn’t all fun and no work. The island is very close to some of the best schools in Dubai:
Without a doubt, yes. Palm Jumeirah is one of the best places to invest in Dubai. But don’t take our word for it (although you should), see why for yourself:
Dubai’s real estate market is growing rapidly. Forecasts predict a 5-8% annual price increase and average rental yields of around 7% in 2025. This means you can expect your investments to be more valuable over time. Plus, with rental yields around 7%, you can earn a steady income from renting out your property.
Palm Jumeirah is pretty much synonymous with luxury. People want luxury homes, luxury experiences, and everything luxury. This strong demand keeps property prices and rental income high.
Palm Jumeirah properties can earn up to 6% in rental returns. And with a good property management company like Homevy, your rental could earn as high as 12-15%. We’ve done it before.
Dubai is known for its constant innovation, and Palm Jumeirah benefits from this. New attractions, luxury resorts, and infrastructure upgrades are always in progress, which keeps property values climbing.
Managing and renting properties in Palm Jumeirah requires a clear understanding of local regulations and effective property management skills.
Many property owners choose to hire professional property management companies because managing a property by self is time-consuming. But honestly, it costs wayy more. A good property management company would maintain your property regularly, find and screen guests, collect rent, and even resolve any guest disputes.
As for rental regulations, there are a few things you must do, like registering rental contracts with the Dubai Land Department (DLD). And that’s just step 1 of many.
For short-term rentals, you need a permit from the Department of Tourism and Commerce Marketing (DTCM). Rent prices must also follow the guidelines set by the Dubai Real Estate Regulatory Agency (RERA). You need to know all these rules to avoid any legal issues.
All the luxury communities in Dubai have different things to offer. Palm Jumeirah, for example, is all about exclusivity and luxury. They have high-end apartments and resorts that offer a fancy lifestyle but with higher living costs.
Dubai Marina, on the other hand, is the opposite of Palm Jumeirah in terms of cost. The Marina could be more affordable, with rent ranging from AED 15,000 to AED 20,000 monthly. Palm Jumeirah, on the other hand, could go as high as AED 25,000 per month. Dubai Marina also has access to the Dubai Metro, making it more convenient to travel around the city.
While Palm Jumeirah is expensiveeee, the Jumeirah Beach Residence (JBR) is way more affordable. Rent there costs about AED 7,000 – AED 10,000 per month. And if you want to live closer to iconic landmarks like Burj Khalifa, consider communities like Emirates Hills and Downtown Dubai. But keep in mind that they’re more expensive.
Palm Jumeirah is expensive because of demand and supply. The luxury living with beachfront views and investor interest all contribute to the hype. In simple terms, everyone wants in and that makes it ultra-exclusive. That’s why costs are so high.
Absolutely. Palm Jumeirah is a family-friendly area with safe neighborhoods, private beaches, recreational facilities, and plenty of dining and shopping options for all ages.
We can’t put a number on it, but living in Palm Jumeirah comes with a high price tag. The apartments, restaurants, and activities significantly increase living costs.
Yes, there are. Palm Jumeirah has the Palm Monorail, buses, and water taxis. The only thing it doesn’t have is direct access to the Dubai Metro.
Yes. Palm Jumeirah is a self-sufficient neighborhood with everything you need— grocery stores, gyms, restaurants, spas, and luxury shopping centers. You name it and Palm Jumeirah has it.
Yes, you can. There are several rental properties available in Palm Jumeirah, from luxury apartments and penthouses to large villas. You can rent to live or sublease if you’d like.
Palm Jumeirah is definitely not overrated. Living or investing on this island is a straight 10/10.
So whenever you’re planning a visit, contact us—we’ll hook you up with the best short-term rental deals. And if you’re ready to set up your own short-term rental, we’ve got you covered too.
You’re only one call away. 🙂
Get access to our 5-day training course on managing your vacation rental property in Dubai.
Download Guide