Pearl Jumeirah is a man-made island located in Jumeirah, Dubai's coastal area, close to Port Rashid. The project was implemented by Meraas, a private holding company. The building of infrastructure facilities was completed in 2012. Today, residents and guests of the community have access to beach clubs, a community center, a long promenade, luxury hotels, and many other amenities. The island is connected to the mainland by a developed road network.
The community is divided into seven residential neighborhoods consisting of spacious villas, townhouses, apartment buildings, and deluxe hotel complexes with hotel rooms, serviced apartments, and penthouses. There are also retail outlets, grocery stores, and a public park. The area continues to progressively develop, with new villas and apartment buildings at the seaside. Moreover, the island is one of the areas in Dubai where you can purchase a land plot for the construction of a private house.
An important advantage of the beach community for foreign investors is the opportunity to acquire real estate with full private ownership rights.
A very convenient location, close to the major mainland districts of the emirate, makes the island a perfect option for living and making real estate investments in Dubai.
In addition, it has some of the best beaches in the city, attracting tourists and allowing investors to receive good investment returns from the rental of accommodation.
Local residential complexes have a well-developed infrastructure with swimming pools, SPA centers, well-maintained recreation areas, and sports fields. Options for serviced apartments are also available. This is good news for those who want to buy a property to rent out.
The apartment prices start at 3,500,000 AED. A one-bedroom apartment with a total area of 117 m², a spacious balcony, and beautiful sea views can be purchased for this price.
In Nikki Beach Residences, a fancy three-bedroom apartment with an area of 209 m² will cost 8,000,000 AED.
It should be noted that the cost of real estate has been gradually increasing in the neighborhood. Our specialists can give you more up-to-date information on the current prices.
The island community is the ideal place for a rental business. Tourists from all over the world come here throughout the year, giving homeowners a great opportunity to receive a stable passive rental income.
Rental rates remain at a rather high level compared to other city areas.
The annual rental price of apartments in the Nikki Beach complex starts at 145,000 AED for a 119 m2 housing option with one bedroom, two bathrooms, a living room, a large balcony, and two parking bays.
Two-bedroom apartments are available to rent for 180,000 －195,000 AED a year. Three-bedroom apartments are usually available for 220,000 AED a year.
Dubai’s coastal districts are extremely popular among residents and visitors to the emirate. Buy-to-live and buy-to-let accommodation options are in great demand, so real estate investments in Pearl Jumeirah are a great way to gain an additional passive income. As a rule, investors opt to rent out an apartment or house ensuring stable returns. Resale of the housing unit is also profitable, as a steady rise in home prices continues in Dubai. Experts believe that prices have not yet reached their peak values in the real estate market of the emirate.
A buyer of apartments on the island can apply for a three-year UAE residence visa. This visa is granted to an applicant when buying a home worth a minimum of 750,000 AED.
Since rental rates in the community are high, investors can expect a good return on their investment. For apartments, the average annual rental income is 5.1%.
Entertainment events are regularly organized on the beaches and within the hotel complex. These include Lady’s Night, and music shows, such as Jammin' Beach BBQ.
The following three facilities belong to the five-star Nikki Beach hotel chain on the territory of the island:
The community has good and convenient road links to the mainland of the emirate. From here, you can quickly reach the popular beaches and islands of the coastal region of Jumeirah.
Downtown Dubai, the cultural and business center, is about 20 minutes away. It takes 17 minutes to drive to the Dubai International Airport.
There are public transport stops in the nearest areas on the mainland. Enoc Dhiyafa bus stop is 2 kilometers away. The nearest metro station, Max Fashion, is 5.7 kilometers away.
There are numerous small convenience stores and grocery shops. Supermarkets are found on the mainland (a 12-minute drive):
The island is 7 minutes away from the popular Jumeirah Mosque, open to all visitors, regardless of their religion. The building was built of white stone in the style of the medieval Fatimid temples. The prayer hall is constructed in the form of a spacious room with rows of columns. The complex includes two minarets framing the majestic central dome of the mosque.
St. Mary's Catholic Church is 16 minutes away.
It takes 17 minutes to reach the Holy Trinity Church Dubai.
Hindu temples are concentrated in the north-western part of Dubai, in the Bur Dubai area, a 16-minute drive away.
The main restaurants and cafes on the island are in the five-star Nikki Beach hotel complex. Here you will find the Key West Bar and Grill, a 24-hour Nikki Cafe, the Soul Lounge Cafe in the hotel lobby, and the Key West Caribbean Restaurant with beautiful sea views.
Pearl Jumeirah has two nurseries and plans to open more schools in the future.
The nearest educational institutions for children are located on the mainland of the city and can be reached in 9-11 minutes:
The island community has several excellent beaches that are perfect for relaxation, swimming, and sports activities. The northern beach in the Nikki resort area has fewer visitors and is great for surfing due to the good waves. Pearl Jumeirah Beach is the perfect place for the whole family to relax and swim.
If desired, residents and guests of the island can visit the closest mainland beaches, La mer, and Mercato, with walking paths and cozy beach cafes. You can get there in 11-14 minutes by car.
Today, Dubai is one of the most famous resort cities in the world. It attracts tourists all year round who want to relax on the coast of the Persian Gulf with its snow-white beaches and pure seawater. A large influx of visitors leads to a high demand for real estate in the coastal areas of the emirate. The rental rates are also higher compared to the further inland areas.
Pearl Jumeirah island, with stunning beaches, the elite Nikki Beach hotel complex, and quick access to the mainland, is a great place to acquire a buy-to-invest apartment.
Our experts will assist you in selecting the best property option for your desires and requirements. Advice on buying and selling transactions for foreign investors is also available. The company's specialists will calculate and evaluate the future profitability, payback period, and net profit from renting out the chosen housing unit.
[/hidden_text]
