What’s the area like?
Groundbreaking. Or rather, ground-making. The first in Nakheel’s man-made offshore Palm island series (set to include the Palm Deira and Palm Jebel Ali, in time). Prices are still high, but have started to come down.
Everything you need is on your doorstep. Most clusters have club houses, which include a pool, children’s playground, gym and restaurants. Complexes also have supermarkets and pharmacies and the islands’ Bidi Bondi beach bar is a great chilling-out spot.
Families, professionals and foreign investors.
Apart from living on one of the most exciting developments in history, you’re surrounded by beaches (it being an island and all), you’re close to the marina, as well as Marina Mall, Ibn Battuta and Mall of the Emirates. There’s also Atlantis hotel and Aquaventure to visit. Oh, and then there are the stunning views of both the Arabian Ocean and Dubai’s ‘mainland’.
With just the one trunk, traffic flow can be a problem, although an abra system is in the works. Restricted space on branches also means parking is an issue, even for residents. Most of the developments planned for the Palm – such as The Trump Tower, the Palm Mall and the Dubai Pearl – are imminently delayed, and so a lot of the island still houses ugly skeletal structures.
Average cost of a four bed garden villa: To rent Dhs370-400,000. To buy Dhs8million A two-bed Shoreline apartment. To rent Dhs160-170,000. To buy Dhs1.5-2 million.