Property Map Of Nakheel

The envisioned Palm Beach Towers development is situated at the entrance of the iconic island, ensuring easy access to the mainland of Dubai. There are also 2 tram stations that can be found within walking distance of the complex, called Palm Jumeirah1 and Palm Jumeirah2.

Thanks to its convenient location, Palm Beach Tower 3 will boast close proximity to some of the most exclusive hotels, resorts and F&B venues in the city, which include, but are not limited to One & Only Mirage, The Dining Room, The Samovar Lounge, Traditional Cafe Courtyard and much more.

At the same time, just a short drive away, there is an array of iconic Palm Jumeirah attractions available, including The Palm Tower, Golden Mile Galleria and The Royal Atlantis Resort & Residences, among a long list of others.

As well as all the above, within just a 5-minute walk, residents of the tower will be able to access an array of social facilities, which are as follows:

Economic Appeals Of Nakheel

Palm Beach Tower 3, due for completion in Q1 2026, is a highly lucrative investment option because of its excellent location and its abundance of world-class amenities. According to Property Finder, the gross yield for 1-bedroom apartments in Palm Jumeirah is 6.1%, as of Q3 2022, with the starting rental price currently at AED 75K (USD 20K) per annum. The apartments in Palm Beach Tower 3 are suitable not only for a long-term lease, but also for short-term rentals, taking into account the ongoing inflow of tourists to Palm Jumeirah and the new visa schemes, which will attract even more visitors to Dubai. That being said, the minimum weekly and daily rental cost for 1-bedroom properties on the island amounts to AED 3,400 (USD 925) and AED 500 (USD 136) respectively. Thus, whether you choose to rent your property out for either a long or short term period, you can be assured that you will receive a lucrative income on a permanent basis. When purchasing a secondary/off-plan property (which can be mortgaged) worth at least AED 2M (USD 545K), you will be eligible to apply for a 10-year Golden Visa, as per the latest regulations, which will be effective on October, 3, 2022. Among its multiple perks, the scheme enables Golden Visa holders to obtain an Esaad card, which grants discounts across more than 7,000 brands in the UAE and 92 countries worldwide.