The Palm Jumeirah Shoreline Apartments
The Palm Jumeirah – the iconic Palm-shaped island stretching out into the Arabian Gulf – is now home to some 12,000 residents according to property developer Nakheel and latest rental information collated by Just Rentals Dubai suggests that the rental prices on the man-made island are now stablilising.
The Palm Dubai still proves to be one of the most exclusive residential areas in Dubai and as such rental prices in the apartments and villas on this island are stabilising and in some buildings, particularly the very popular sea facing Palm Jumeirah Shoreline Apartments, rents are starting to increase.
The latest figures from the Just Rentals Dubai listings database shows that the average prices for apartments to rent and villas to rent are as follows:
Dubai Palm Villas:
4-bed Palm villas: AED 478,000
5-bed Palm villas: AED 497,000
6-bed Palm villas: AED 675,000
Dubai Palm Apartments:
1-bed Palm Apartment: AED 129,000
2-bed Palm Apartment: AED 166,000
3-bed Palm Apartment: AED 210,000
4-bed Palm Apartment: AED 364,000