Monday, May 31, 2010

The Palm Dubai

The Palm Dubai despite initial setbacks has become a huge global success, offering some of the most sought after freehold real estate around the world. The original Palm Dubai, The Palm Jumeirah has since spawned two other Palm projects, The Palm Jebel Ali and The Palm Deira. The Palm Jumeirah was first unveiled to the world back in 2001 and caused a huge stir, as nothing as ambitious has ever been attempted before. Not only was the project a first in terms of construction, the concept of owning a property on a man made palm shaped island out in the waters of the Arabian Gulf was also a hugely novel concept. Built by Dubai developer Nakheel, the Palm Jumeirah has been described as the ‘8th Wonder of the World’, and along with the Palm Jebel Ali and Palm Deira, The Palm Trilogy will increase Dubai’s shoreline by around 72 miles.

The Dubai Palm projects are clearly not your average freehold real estate developments, and offer buyers the opportunity to own a truly unique piece of freehold real estate in one of the most desirable locations in the world. And the building of the Palm Jumeirah has since reestablished the boundaries as to what is possible in regards to land reclamation projects around the world. Nahkeel has since begun construction of the World Dubai, and will soon begin construction on the Dubai Waterfront, which once complete will take the mantel of being the worlds largest land reclamation project. The Palm Jumeirah and Jebel Ali will consist of the main palm trunk and then 17 fronds on which the bulk of the freehold property will be built.

And property on the Palm Dubai has become incredibly popular since its launch, and is amongst some the most expensive freehold real estate within Dubai. The project has captured a global audience, and as such investors are queuing up from all around the world to get their own piece of freehold real estate on the island. And whether it’s a freehold villa or apartment you are looking for in Dubai, the Palm Jumeirah will no doubt have something that you will like. Both the Palm Jumeirah and the Palm Jebel Ali will for the most part feature similar properties, but with the Palm Jebel Ali featuring more in the way of entertainment options.

However the Signature villas will also provide residents with their own stretch of private beach. Signature Villas therefore attract the highest prices of the property of the Dubai Palms.

There are also numerous apartment options. There are Shoreline apartments set along the trunk of the Palm, and the Palm Golden Miles Apartments located just a little future up the trunk. Both offer a wide range of facilities, such as gyms and pools, and both are within close location to the Palms main shopping and entertainment area, ensuring you never get bored. And there are also the Palm Marina apartments, which offer a freehold home with a great view and your own boat mooring at the Palms Marina.

The Palm Jebel Ali will also feature a collection of Waterhomes. These exclusive homes which will be situated in between the crescent and the crown of the Palm, sitting out in the Arabian Gulf, suspended above the water on stilts. With just 1060 four bedroom water homes available, they are increasing difficult to obtain, such has been their popularity. The Palm Waterhomes are laid out in such a way so that from above they will spell out a verse of a poem written by Dubai’s ruler, Sheikh Mohammed Bin Al Rashid Al Maktoum.

All the Dubai Palm projects offer buyers the opportunity to own some truly individual residential freehold property in Dubai. People from all around the globe are aware of the Dubai Palm projects, and whilst this is now reflected in the high price of the freehold property on the islands, in this instance it is certainly a case of getting what you pay for, especially when you consider the facilities and entertainment option based on the islands. If you wish to know more about the Palm Trilogy, then please get in touch.

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