The Palm Jumeirah Dubai Villas – Tips When Buying Homes

1. Blog6: Ownaspace.com The Palm Jumeirah Dubai Villas – Tips When Buying Homes If you are planning to live your dreams on the Palm Jumeirah, expect to live a class, exclusive, extravagant and luxurious life. The area has been engineered for high-earning individuals from around the world. Palm Jumeirah is timeless in many senses… The entire region is a man-made island, which is home to some of the most wonderful and exotic villas. The local communities are serene, iconic and utter luxurious. You can expect dazzling villas, shiny private beaches, sleek rooftop terraces, grand hotels, modern restaurants, chic cafés, and much more. No trip to Dubai would be complete without experiencing the Palm Jumeirah…It could be a quintessential escape… Palm Jumeirah Facts – Stretching 5km into the Arabian Gulf and shaped like a date palm, Palm Jumeirah is Dubai’s self- styled “eighth wonder of the world”. The $12 billion project began in 2001 and six years later, the island’s first residents moved in. Today, the 17 fronds are home to around 1,500 beachfront mansions, with a further 6,000 apartments on the trunk. Instead of concrete slabs, the foundations of The Palm were created from 7 million tons of rock.

2. Blog6: Ownaspace.com (source - travelzoo) Did you know? The Palm Jumeirah has been developed into three areas: The Trunk, The Crescent and The Fronds. The incredible features of villas, townhouses and apartments make the Palm Jumeirah an ideal destination for expats, locals and tourists. It is easy to choose iconic villas, townhouses and apartments in different sizes and styles as well as at various locations. However, making a decision to buy property is never easy in Dubai. Here are a few tips to consider when buying a property on Palm Jumeirah – Documents– It is important to collect different types of documents if you want to buy property in Dubai. You also need to have your passport, bank documents, NOC along with other evidences. Hence, make sure you obtain all these documents before buying a property on Palm Jumeirah. Know about the fee - If you want to buy property in Dubai, you need to pay different types of fees from Registration fees, Valuation fee, down payment, to taxes. Finance System in Dubai - To qualify for a mortgage, the lending authority evaluates/assesses the eligibility of the investor. They also check the repayment capacity of the borrowers. Investors should also show their minimum salary, the company’s status and other details. Besides all these, make sure to understand the locality as well as neighborhood. All these things will help you to make an informed decision. So if you want to buy a villa in Palm Jumeirah, consider all the above given points.