The Frond G at Palm Jumeirah has become the billionaire neighborhood of the Middle East
From stylish villas and fully serviced apartments to high-end penthouses, the high-end luxury real estate segment, in particular, offers a wide range of choices, propelling the emirate as an attractive investment center compared to the other international cities in the world.
Currently, Dubai’s high-end residential segment is progressing with dramatic growth – significant numbers of the world’s wealthiest and affluent investors are moving to Dubai to make the most of the unique luxury living experience it offers. offer, as well as the exceptional cosmopolitan atmosphere.
This surge in demand stems from the country’s exemplary handling of the pandemic, the resounding success of the ongoing Expo 2020 Dubai, and the flexible long-term visa options offered by the UAE government to investors.
Dubai’s luxury real estate market recorded the third highest price growth among cities worldwide in 2021. 5,205 apartments and 552 villas were sold in the fourth quarter of 2021, with transactions valued at 17.07 billion dirhams . And 3.4 billion dirhams were traded in Palm Jumeirah, which is the highest sales volume for this period, based on data from the Dubai Land Department. Palm Jumeirah itself generated 5% of the 17.07 billion dirhams citywide luxury property transactions during the fourth quarter of 2021.
The Palm Jumeirah also known as the eighth wonder of the world, is an artificial island, with a shape inspired by the palm tree, consisting of a trunk with 17 fronds all crowned by a circular crescent. Located off the coastal area of Jumeirah Beach, this posh community is home to some of the biggest multicultural celebrities and high net worth individuals from around the world. As Dubai’s premier coastal estate, the fronds of the Palm Jumeirah are home to ultra-luxury residences, ranging from luxury apartments, townhouses and villas. In the Palm Jumeirah’s 17 fronds, very few have iconic villas. Le Frond G offers an exclusive collection of 13 signature villas and 3 double signature villas, 6 of which have been developed by Alpago Properties.
The Frond G area is one of a kind, thanks to a range of chic residential villas that offer world-class amenities, unique views of the iconic Atlantis and Royal Atlantis residences. And it’s also one of the shortest palm fronds, making it surrounded by the coolest blue Arabian Gulf waters in the region. The uniqueness of the G sling helps this shortest sling in the palm to be heralded as the Billionaire line of the Middle East.
The term refers to a belt of luxury “pencil” skyscrapers located on Manhattan’s 47th Street in New York City and a street of 66 luxury mansions located on The Bishops Avenue in London. “There’s 57th Street in Manhattan, Bishops Avenue in London and soon the Palm Jumeirah Frond G will be added to the list as Middle East Billionaire’s Row,” said Murat Ayyildiz, Chairman of Alpago Group.
Today billionaires around the world are looking for prime properties for sale in Dubai like never before. Offering the best waterfront lifestyle in the heart of Dubai, the Palm Jumeirah is a top destination for high net worth individuals. With its unique character, the Frond G stands out as a strong contender for the world’s best quarters also known as “Billionaire’s Row”. According to the Chairman of Alpago Group, it is high time for the Middle East to have its own “Billionaire’s Row”, and it will be located in the Frond G of the Palm Jumeirah.