Palma Residences - Dubai
HIGHLIGHTS
ABOUT PALMA RESIDENCES
Palma Residences comprises spacious villas and townhouses situated on Palm Jumeirah, an esteemed residential locality and popular tourist destination in Dubai. This sought-after area offers upscale accommodations along with exquisite beach resorts that boast a 5-star experience.
Palma Residence Palm Jumeirah, a project by Nakheel Properties, presents beachfront villas featuring modern architectural designs enhanced with elegant glass elements. These residences offer residents the opportunity to relish breathtaking views through expansive windows and balconies that capture the beauty of the surroundings all day long. Situated on the eastern side of Palm Jumeirah, Palma Residence is connected to its western counterpart by Crescent Road while offering close proximity to the main trunk for easy access to nearby amenities.
IN A NUTSHELL
NEIGHBOURHOOD
COMMUNITY OVERVIEW
The Palm Jumeirah neighborhood in Dubai offers excellent sea view villas. Those who are interested can explore the Palma Residences, which provide a variety of options to potential tenants and buyers. The sub-community's villas are conveniently located near the main trunk and connected to the mainland, making navigation effortless. This makes it an ideal place for individuals, professionals, and families alike to reside. Additionally, the 104 Mediterranean style houses offer a range of amenities that enhance the living experience.
In general, the community has a lively after-dark scene while maintaining a strong focus on family values.
PROPERTIES IN PALMA RESIDENCES
Palma Residence, Dubai showcases properties available for both rental and sale, catering to those seeking a luxurious lifestyle. The residences primarily appeal to individuals or couples who appreciate upscale living standards. Families typically favor the selection of 4 and 5-bedroom units within this residential community.
Rental Trends in Palma Residences
Ranging from 3,656 sq. ft. up to 4,600 sq. ft., Palma Residence in Dubai offers spacious rental villas with five bedrooms. However, availability for renting is currently limited due to a high occupancy rate of most units.
Despite the seemingly elevated rents and prices, this remains a valuable investment due to its advantageous placement, opulent waterfront developments, convenient access to private beaches, and an array of additional amenities.
Sale Trends in Palma Residences
On the flip side, the starting asking price for villas and townhouses in Palma Residences is AED 5.7M. This implies that a minimum of AED 6M is required to purchase a 4-bedroom villa, while a 4-bedroom townhouse in Palma Residence, Palm Jumeirah can be acquired for AED 5.7M. In addition, if you are seeking a 5-bedroom house measuring 3,731 sq. ft., prices begin at AED 9M. However, if you have your eye on a 5-bed villa for sale in Palma Residences with sea views and spanning across 4,000 sq. ft., expect to spend approximately AED 10M.
ROI in Palma Residences
Potential investors can explore the option of purchasing 4-bedroom residences in Palma Residences, which have the potential to yield a profitable return on investment (ROI) of 5.88%. Similarly, for those seeking larger accommodations, the 5-bedroom units offer an anticipated lucrative return of 4.36%.
TRANSPORTATION AND PARKING SPACES IN PALMA RESIDENCES
In Palma Residence Dubai, every residential property is accompanied by a minimum of two exclusive parking spaces. Thus, finding adequate parking for your vehicle is never an issue.
Public Transportation near Palma Residences
When going on a journey, individuals have the option of utilizing taxis or an online cab service. Moreover, residents of Palma Residences who depend on public transportation can easily access buses from conveniently located stations like Knowledge Village (a mere 5-minute walk) and Royal Mirage Hotel 1 and 2 (only 7 minutes away). Additionally, the Palm Atlantis Monorail Station is reachable within 13 minutes and provides a connection to the Palm Monorail in Dubai. Furthermore, those seeking to reach important business areas can take Crescent Road, which will allow them to arrive within moments.
AMENITIES, SCHOOLS AND HEALTHCARE
SUPERMARKETS NEAR PALMA RESIDENCES
There are several supermarkets and corner shops in the vicinity. The nearest one, Quick Bay, is located just a three-minute walk away. Other nearby options for groceries include West Zone Supermarket, Allday Mini Mart, and Organic Foods and Cafe.
MOSQUES NEAR PALMA RESIDENCES
Located in the vicinity of Palma Residences, precisely within Al Mirziban area on Frond H, lies the sole mosque in Palm Jumeirah - Abdul Rahman Siddique Mosque. Conveniently accessible within a 7-minute car ride.
OTHER PLACES OF WORSHIP NEAR PALMA RESIDENCES
Regarding other places of worship in close proximity to Palma Residences, there are various choices available for residents. In terms of churches, the closest one is the Seventh Day Adventist located in Dubai South. On the other hand, for members of the Sikh community, Guru Nanak Darbar Gurudwara can be reached within approximately 14 minutes via E11 Sheikh Zayed Road.
SCHOOLS NEAR PALMA RESIDENCES
There are numerous educational institutions in the vicinity of Palma Residences, including nurseries and pre-schools.
In the adjacent areas, there are several alternatives available for school-age children.
Located in Dubai, GEMS Wellington International School is renowned for its exceptional quality of education. This esteemed institution adheres to the esteemed National Curriculum of England, catering to students from their early years until Grade-11. In addition, it provides an outstanding opportunity for academic development by offering the internationally recognized International Baccalaureate Diploma Programme and Careers Programme for Grade 12 and 13. Conveniently situated only a short 12-minute commute away from Palma Residence Dubai, this school presents an excellent educational choice for families residing in the area.
There are also other institutions in the vicinity that offer specialized courses and opportunities for skill enhancement. These include the London College of Makeup, the Super Sports Dubai College Tennis Academy, the Frankfinn Institute of Air Hostess Training, the Fad Institute of Luxury Fashion and Style, and iCADEMY Middle East.
In addition, Palma Residences benefits from its close proximity to Knowledge Park, which is home to several universities such as Syrian Virtual University, Middlesex University Dubai, and Michigan State University.
CLINICS AND HOSPITALS NEAR PALMA RESIDENCES
In addition to other essential facilities, healthcare institutions are conveniently located near Palma Residences. The nearby area offers a range of clinics and hospitals for residents' medical needs.
Moreover, the American Hospital located in Dubai Media City can be reached within a 10-minute timeframe. Serving as part of the esteemed Mayo Clinic care network, this medical facility focuses on providing exceptional services for weight loss and plastic surgeries.
NEARBY AREAS
Located at the front end, Palma Residences offers convenient access to various facilities. The Palm Jumeirah entrance gates are a mere 5 to 6 minutes away for residents. Positioned on the eastern side of the main trunk, reaching the opposite end of Crescent Road may take approximately 20 minutes. Additionally, residents have direct accessibility to essential commercial and residential areas within close proximity.
All the locations can be reached within a 7 to 10 minute distance via D94 King Salman Bin Abdul Aziz Al Saud Street.
LIFESTYLE
SHOPPING, DINING AND NIGHTLIFE
MALLS NEAR PALMA RESIDENCES
Palma Residences are conveniently located near a variety of shopping and entertainment choices. Some of the nearby malls include:
Just a short 6-minute drive away lies Golden Mile Galleria, the local shopping center. Additionally, Dubai Marina Mall, a renowned shopping destination, is conveniently located only 8 minutes from here. Apart from indulging in retail therapy, visitors can also catch a movie, satiate their shawarma cravings and partake in various entertainment activities at Dubai Marina Mall.
RESTAURANTS NEAR PALMA RESIDENCES
Palm Jumeirah is an ideal destination for those who love food, boasting a diverse range of dining establishments. Additionally, Palma Residences also offer numerous nearby restaurants to choose from. Some of the favored choices encompass:
When it comes to exquisite dining choices, the nearby 5-star hotels stand out as noteworthy options.
At Atlantis The Palm, a lavish seaside resort renowned for its specialty restaurants, celebrity kitchens, and family buffet, an array of options awaits you.
OUTDOOR AND WATERFRONT RESTAURANTS
CASUAL RESTAURANTS
CELEBRITY KITCHEN
BUFFET
CAFÉ AND BARS
Therefore, there are numerous choices available to residents who wish to have relaxed gatherings, formal meals, or intimate dinners with a picturesque setting.
BEACHES NEAR PALMA RESIDENCES
While residing in Palma Residences, one can conveniently access the nearby beaches and relish breathtaking vistas from their balcony. Inhabitants have the choice to stroll along the coastline or indulge in the opulent amenities provided by numerous beach resorts within close proximity.
There is little to no reason for you to visit Sufouh Beach or JBR Beach, as they are just a quick drive away.
LEISURE ACTIVITIES AND NOTABLE LANDMARKS
Engaging in beach activities is the top leisure pursuit within this vicinity. Residing in Palma Residences ensures one's constant proximity to the alluring shoreline and pristine waves. Within this locale, enthusiasts of water sports can partake in exhilarating ventures at the Aquaventure Waterpark.
In addition, travelers from all over the globe come together to enjoy renowned helicopter tours provided by Atlantis. For those seeking a peaceful getaway, there are excellent boutique hotels and luxurious beach resorts nearby in Dubai such as Aloft Palm Jumeirah, Jumeirah Zabeel Saray, Sofitel Dubai, and Antara The Palm Dubai Resort.
Some noteworthy points of interest in close proximity to Palma Residences are:
Palm Jumeirah presents an opportunity to truly experience the vibrant nightlife of Dubai. Among the well-known establishments near Palma Residences are The Tap House, The Penthouse, Rooftop Day Club and Evening Lounge, as well as Secret Room Dubai.
OUTDOOR ACTIVITIES, FITNESS AND BEAUTY
Residents of Palma Residences can unwind in the evenings by taking leisurely walks in the park or indulging in delightful mini picnics along the lakeside. Nearby family-friendly parks such as Al Ittihad Park offer a variety of amenities including running tracks, charming coffee shops, and wholesome eateries. Another excellent choice for relaxation is Palm Island Dubai, where one can find tranquil bench seating areas amidst expansive lawns to ease any accumulated stress.
To adhere to your daily exercise and fitness regimen, you can pay a visit to the local gyms in the vicinity. These options encompass:
There are several salons and spas catering to both men and women, such as:
Within the vicinity, you can find numerous spas and salons within a convenient 5 to 6-minute reach. However, if proximity is your utmost priority, Vanilla By Jelena stands as the closest option, merely a pleasant 10 minutes away by foot.
COMMUNITY EVENTS
The community of parents constantly organizes both large and small events catering to children, teenagers, and families. With numerous restaurants and hotels available, residents have ample opportunities to partake in community festivals and take advantage of promotions. Beach parties such as Aquaventure After Dark, Core Beats April, and Nikki Beach Dubai Red Party are particularly favored by the youth.
SOCIAL COMMUNITY GROUPS
To avoid repetition and in the same tone of voice and in en, you can become a member of the Facebook group called "Palma Residences, Community Page," or join any of the social groups affiliated with the parent community such as Palm Jumeirah – For individuals who have lived or worked in any sub-community, Palm Jumeirah Mums, Palm Jumeirah Residents Only, Palm Jumeirah Bulletin/ News, and Palm Jumeirah Pet Owners.
THINGS TO CONSIDER
Palm Jumeirah, an impressive waterfront project in Dubai, encompasses Palma Residences - a prominent component of this area. If you desire the allure of beachfront living in Dubai, then this is the perfect location for you. However, it's important to note that opulent properties may not suit everyone's preferences. Potential buyers or renters should be prepared to allocate a considerable portion of their income towards experiencing the utmost splendor Palma Residence Dubai has to offer.
For individuals who appreciate living by the water, Palm Jumeirah offers stunning vistas and an abundance of amenities. The advantages and disadvantages of residing there are entirely subjective, based on personal preferences and adaptability. Being directly connected to the mainland, Palma Residence Dubai is a perfect location for frequent travelers, families, and those who cherish nature.