Dubai Palm Trilogy
Dubai Palms is not a single entity rather it is a trilogy of Dubai Palm islands which is one of the most remarkable developments on earth. Soon, these Dubai palms will become the eighth wonder of the world. They have become the major landmark because of their amazing architecture. This is moreover, the flagship development that is done in Dubai to extend the coastline. Palm Jumeirah is one of the original palms and is a part in the trilogy of Dubai Palm. The names of the other two palms are Palm Jebel Ali and the Palm Deira. We will talk about this trilogy one by one in detail. Dubai palm which is one of the hottest developments in this emirate covers an area of 5 Km which consists of a trunk and there is a crescent shaped island that surrounds 17 fronds thus, act as a breakwater. As far as Dubai coastline is concerned, Dubai palm has majorly contributed in it by adding an extra of 78 Km to it. This massive and luxury development is being added in the list of Dubai property buyers.
The value of the real estate sector here has tremendously increased and this shoot up is also related to the construction of the Palm trilogy. Those who are planning to buy a luxury property in this emirate will surely consider the option at Dubai Palm as the opportunity to own a property part here has increased the demand level. Apart from residential apartments, the property in Dubai Palm features all essential and modern facilities including cafes, restaurants and shops. Number of luxury hotels has been designed across the breakwater. The hotels are expected to link to the mainland with the help of an underwater tunnel and many of them are now approaching completion. It comprises of apartments developed by a renowned developer Nakheel.
Now let’s talk about the Dubai palm trilogy one by one in detail.
The Palm Jumeirah: This has been reclaimed by Nakheel and is one part of the trilogy of Dubai Palm. It is the most recognizable projects in the UAE and it took years of construction. This project has changed the property market trend here and has contributed a lot in the appreciating value of the real estate market. It shows the engineering capabilities of that great developer and has helped the real estate market in many ways. This property includes luxury 1, 2, 3 and 4 bedroom shoreline apartments providing the highest and modern standards of living. This property cannot be questioned when it comes to luxury and comfort. There are town houses with views of man-made beaches. The Palm Jumeirah of Dubai Palm also includes garden and signature villas with the privilege of an in-house swimming pool.
This has now become one of the most popular addresses in Dubai and the fascinating stories about this luxurious property have reached many celebrities and VIP’s from across the globe. Signature and garden villas make use of most of the branches of this palm tree shaped island featuring private beaches and all luxury facilities which one could think of. Marina residences are constructed on the northern edge of the trunk including 6 freehold residential buildings with 12 penthouses and 858 apartments. Few other developments that are being done in Palm Jumeirah are: The palm residence consisting of two residenbtial buildings on the eastern shore of the trunk. Then there is Lighthouse hotel and residence and Logo Islands etc. Moreover, this island is expected to cater 4,000 residences. This is one of the islands of Dubai Palm.
The Palm Jebel Ali: Out of the three palm islands in Dubai Palm trilogy, this palm island, Jebel Ali is an island completely dedicated to entertainment. Although this island is an expansion of the original palm Jumeirah but it is about 50% larger as compared to the original island again featuring freehold properties for Dubai property buyers. The complete structure of the island is the same with that of its predecessor however; there are few added attractions to it for property investors planning to invest here. As far as the location of this island is concerned it is located out from the city. Just like Palm Jumeirah it also consists of garden and signature villas which appeal to most of the property investors. This project is started after visualizing the success of the same type of properties in the original property.
Moreover, the concept of this property construction is the same however; it’s more of a tourist destination. This project will create large number of leisure, residential and entertainment facilities with a unique and attractive setting. Palm Jebel Ali consists of 2000 signature villas, townhouses and garden homes. The project was expected to get completed in 2006 however, it got delayed by several months but despite of this fact the residents have already moved in to enjoy the luxurious living there. As far as the entertainment facilities are concerned, kit schedules shopping complexes and water parks. Rest assures every comfort as it is there in the original island.
The Palm Deira: This island is the largest of the three located in the Deira coastal area of the emirate. It covers 14 Kilometers in length and is 8.5 meters wide. It again consists of all kinds of residential properties, shopping malls, sports facilities and marinas. The residential area of Palm Deira will contain two storey townhouses in three distinct styles. It includes Grand Villas, Vista Town Homes and Premier Villas. This palm shaped island consists of a trunk crowned with 41 fronds and there is a surrounding crescent island forming a water-break.
This island has been carved into 9 districts such as Palm Crown, Central Island, Palm Fronds, Deira Island, Palm Trunk, Pal, Crescent, South Island, Al Mamzar Island and North Island. There are various zones in this island including the Theater and the concept square, The Marina, The Boulevard, West Business District, Meadows Park and The Promenade. These are three islands forming the complete structure of Dubai Palm.
Well the Dubai real estate market was fueled by speculation that prices would rise, and the middle men kept jacking up the prices. This had to definately happen but the global financial crunch was pretty much responsible for striking the fear that was the final ingrediant into the hearts of Investors in the U.A.E.
Dubai is simply cash strapped, Abu Dhabi on the other hand is sitting on mountains of cash meaning Abu Dhabi investors are going to make a killing.
I have been following the Dubai Real Estate Market and the DFM since the last few years and i find the next few months to be extremely exciting..
Well Dubai is a fantastic place, it is really growing as a premium business center of Asia and in the coming days Dubai Property has a bright future.