The Palm Jumeirah Marina Residences are currently in the process of being handed over and the first tenants are starting to move into this brand new development situated at the top-end of the Palm Jumeirah trunk.
This development of sea-facing luxury buildings is the latest project to be handed over on the Palm Jumeirah and they are proving to be the hottest place for Dubai rent at the moment. The apartments are very large and superbly laid out with top-end finishings, as you would expect from a luxury Palm Jumeirah development.
With views of the tranquil sea water around the Palm, the Atlantis hotel and the Marina skyline, the Palm Jumeirah Marina Residences are some of the best located apartments for rent in Dubai.
Units in the world’s tallest building, the Burj Khalifa, are still selling at a high price. An indian businessman just announced last week his purchase of two floors in the 828 metre high skyscraper at AED 3,500 per sq ft. This equates to over AED 6,000,000 for a 2-bed apartment in the tower. The prices are well down on what they were at the peak of the property boom in Dubai in mid 2008, however this is still a good price and a sign that there is still appetite for Dubai real estate in the prime areas of Dubai.
The owner will probable be offering his Dubai apartments for rent as Dubai rent is still very high compared to the rest of the world and considerable rental returns can still be achieved in the right Dubai properties.
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