Studio | Seven Palm | Palm Jumeirah

The Palm Jumeirah is an artificially built island that resembles a palm tree from a bird's eye view. The construction of this unique project, which has now become the landmark of Dubai, took six years. The Palm Jumeirah covers an impressive area of approximately 600 football fields.

On the trunk of the Palm Jumeirah you will find various hotels, restaurants, cafes, the Nakheel Mall and the Al Ittihad Park. The Al Ittihad Park is a park with many playgrounds, green areas and a running track. Especially for families, dog owners, singles or for couples, the tribe of Palm Jumeirah is suitable for living. On the trunk of the Palm Jumeirah everything is within walking distance - shopping, cinema, restaurants, cafes, cosmetics, hospital, doctors' offices, the park and the malls. On the trunk are residential quarters such as the Shoreline, Golden Mile, The Fairmont or the Tiara Residences.

On the palm leaves and the outermost palm ring there are mostly villas and hotels. However, there are also larger residential properties, such as the Serenia Residences. The residential quarters on the palm leaves or on the ring are mainly suitable for singles or for couples who simply want to have a relaxing beach holiday and for whom the tranquility is important.

• When purchasing an existing property, at least 20 percent or, as a non-resident, 50 percent of the purchase price must be contributed as equity. 80 percent or 50 percent can be financed by a local mortgage. The maximum term of a mortgage is 25 years. In Dubai, the entire investment is amortized over the agreed term.

• For off-plan properties, there are payment plans that depend on the progress of the construction. Post-handover payment plans are also offered in some cases after handover of the property. This is a time-limited and interest-free payment after the handover of the property.