The Palm Tower is a 52-storeyed residential development by Nakheel located in the very heart of Palm Jumeirah. This is a combination of a residential complex with 432 luxurious, spacious apartments and a five-star hotel with a unique, award-winning design, which makes The Palm Tower one of the most prestigious places in Dubai.
The development features a wide range of upper-grade amenities, including an infinity pool located on the 50th floor – one of the highest in the world. There are also two swimming pools at the podium level, as well as an observation deck and a restaurant on the 52nd floor.
Residents of The Palm Tower will also have a direct access to one of the most prominent shopping, entertainment, and dining destination, Nakheel Mall. The Palm Tower Residences is set to become a part of a dynamic community of The Palm Jumeirah Island that features a large number of beachfront luxury apartments and houses, providing residential options to almost 80 000 people in Dubai.
The Palm Tower provides a direct access to the mainland of Dubai via Dubai Metro and Dubai Tram. There is also an opportunity to travel to the nearest destinations by The Palm Monorail that connects the residential complex with the Atlantis Hotel and the mainland.
There is basically everything a resident could wish for in Palm Jumeirah, and The Palm Tower is going to be at the very center of it all. As was mentioned above, the building will have a direct connection to Nakheel Mall where residents and guests will be able to enjoy a number of entertainment and leisure options.
The project is located within several minutes from Palm Jumeirah’s beaches and marinas with beach clubs, such as Palm Promenade West Beach and Nakheel’s Club Vista Mare, that can be accessed via walkways and a bridge. The Palm Tower is also located close to Sheikh Zayed Road, that allows to quickly get to a number of destinations around the city.
The Palm Tower Residences by Nakheel has a huge potential for revenue in the future, so those looking to invest in it may want to take a few things into account, including the availability of amenities and access to other landmarks of Dubai. As for the return on investment on Palm Jumeirah Island, one-bedroom apartments generate the highest ROI of 5.5%.
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