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    An insider’s guide into Dubai’s Palm Jumeirah

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    Life

    by Sarah Joseph
    2 hours ago

    Considered one of the most iconic landmarks in the UAE, Palm Jumeirah has been put on the global map since its launch.
    Having been born and raised here, I’ve seen Palm Jumeirah develop from a simple vision in mind to make this area the largest man-made island in the world.
    When was the Palm Jumeirah built?
    Construction of The Palm Jumeirah Dubai island began in June 2001 and the developers announced handover of the first residential units in 2006. oday, the 17 fronds are home to around 1,500 beachfront mansions, with a further 6,000 apartments on the trunk. Major hotels on the crescent include Atlantis The Palm and the Waldorf Astoria, with brands such as Fairmont and Viceroy on the trunk. Resorts in the works include The Royal Atlantis, next to the existing Atlantis resort, and Palm 360, a 2-tower resort connected by a 155m-long “sky pool”.

    The aesthetic man-made island is home to a myriad of delectable restaurants that offer every cuisine. From Michelin-Starred restaurants to international names in the culinary world, Palm Jumeirah is home to the finest havens in the UAE.
    Home to some of the emirate’s most luxurious resorts with an archipelago of havens all in one location, including delicious fine-dining spots worth visiting.
    With this giant hub being even spotted from space, there’s no denying that this one-of-a-kind venue is one to pay a visit to as you’ll now be aware of the luxury spots in the vicinity. With a monorail to help you get around, providing easy access to the hotels, you’re sure to have a truly unique experience.
    Whether you want to completely unwind and switch off or simply spend the day by the beach, this one-of-a-kind hotspot in the UAE.
    These are just a few of the many things you can do on Palm Jumeirah. Whether you’re looking for adventure, relaxation, or dining, there’s something for everyone.

    – For more on luxury lifestyle, news, fashion and beauty follow Emirates Woman on Facebook and Instagram
    Images: Supplied & Feature Image: Instagram @zozoewitherspoon More

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      To renew the lease or relocate? Let the Dubai rental market report 2023 help you decide

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      Life

      by Ruman Baig
      1 hour ago

      The Dubai rental market is experiencing a transformation, with the latest report shedding light on intriguing developments.
      In recent years, Dubai’s rental market has witnessed a remarkable resurgence, effectively ending a period of negative growth that spanned from mid-2015 to late 2021.
      As of July 2023, the data from the Dubai Land Department reveals a staggering 43.5% increase in the total number of tenancy contracts registered compared to the same period in 2019, reaching a total of 325,727 contracts.
      This impressive growth has translated into average apartment rents reaching their highest levels since February 2017, and villa rents hitting record highs.
      However, beneath these headline figures, a significant divide has emerged in the rental market. The number of new contracts registered has dropped by 12.6%, while renewed registrations have grown by 29.0%. This suggests that tenants are opting to renew their leases rather than relocate due to the higher rates prevalent in new leases, especially in prime residential areas. These tenants are leveraging the protection offered by the RERA rental regulations, which cap annual rental increases at a maximum of 20.0%.

      To provide a comprehensive view, the report analyzed nearly 703,000 residential rental transactions between January 2018 and July 2023, focusing on both apartments and villas. In the apartment segment, it covered 23 different free-hold communities, while for villas, it encompassed 20 free-hold areas.
      For apartments, a noteworthy shift has occurred. Historically, new rental contracts averaged a 5.0% discount compared to renewed contracts between January 2018 and July 2021. However, with increasing demand, this trend has reversed, and in July 2023, new rental contracts commanded an average premium of 20.1% over renewed contracts.
      This change is not uniform across all communities; prime and core markets like Downtown Dubai, Palm Jumeirah, and Business Bay started achieving premiums on new rental contracts in early 2021. Although, secondary neighborhoods have seen relatively negligible premium growth compared to prime areas.
      In the villa segment, supply constraints have led to a different dynamic. Demand for single-family homes has surged, resulting in a 29.9% increase in the number of tenancy contracts registered compared to 2019 levels as of July 2023. Consequently, new rental contracts command an average premium of 25.2%. While this is slightly down from its peak in December 2022, the premium continues to hold strong.

      In conclusion, the Dubai rental market is witnessing a fascinating interplay between new and renewed contracts, with varying trends across different segments. Understanding these dynamics is crucial for both tenants and landlords navigating this evolving market.
      – For more on luxury lifestyle, news, fashion and beauty follow Emirates Woman on Facebook and Instagram
      Images: Supplied by CBRE Mena  More

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      In pics: Dubai now has its very own ‘Billionaires Row’ on Palm Jumeirah

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      Lifestyle

      by Sarah Joseph
      1 minute ago

      Looking beyond Dubai’s fine-dining havens and unending skyscrapers you’ll find some of the most luxurious properties in the world.
      Home to the uber-wealthy, year after year the emirate attracts expats from the globe over to experience its attention-grabbing mega-projects. Adding to its list of exclusive properties is the new ‘Billionaires Row’ in Palm Jumeirah’s Frond G.
      Spearheaded by leading high-end real estate developer, Alpago Group, this new project features a host of unique and luxurious displaying the UAE’s unrivalled elegance.
      To kickstart the project, the first villa branded as ‘Riva Del Lusso’, spanning over 10,000 square feet has already been built. With more than enough rooms and a garage to house eight cars, this five-bedroom property is complemented by a private beach for complete tranquillity.
      With a tasteful eye, Massimo Castagna used his expertise to design the Riva del Lusso villa for its architectural and interior design layout.
      It’s a project, which Murat Ayyildiz, Chairman Of Alpago Group says, is set to cater to the “world’s wealthiest”.
      “Being the playground of the world’s wealthiest individuals, ultra-luxurious residences are more important now than ever,” he said. “These incredible signature villas offer stylish residential properties with world-class amenities, specially designed to accommodate the flawless Dubai lifestyle.”
      This exclusive strip is already home to 13 signature villas, which all come with their private beach access, a swimming pool and basement parking. Set to feature six more villas, priced between Dhs120 million and Dhs300 million by the end of its completion, this location will undoubtedly become Dubai’s hottest new address.
      With ‘Billionaires Row’ already being positioned on a global map with two prestigious neighbourhoods on Manhattan’s 57th Street and on The Bishops Avenue in London, it’s now Dubai’s turn.
      Take a look inside this luxurious development below.

      For more information visit alpagoproperties.com
      – For more on luxury lifestyle, news, fashion and beauty follow Emirates Woman on Facebook and Instagram
      Images: Supplied More