Al Basri in Palm Jumeirah - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Al Basri

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
3	206	5,594	1,150,000

The price of an apartment in Al Basri is 5,594 AED/sqm on average.

Price for completed 3 bedroom apartment in Al Basri is 1,150,000 AED or 5,594 AED/sqm.

About Al Basri

'Al Basri' in 'Palm Jumeirah' area project description

The Al Basri project is a striking residential development located in the iconic Palm Jumeirah area in Dubai, renowned for its high-end living standards and luxurious lifestyle. As part of the Shoreline Apartments complex, Al Basri stands out for its blend of sophisticated design, premium amenities, and prime location, making it a coveted address for both residents and investors.

Nestled on the trunk of Palm Jumeirah, Al Basri offers breathtaking views of the Arabian Gulf and the Dubai skyline. The building features well-appointed apartments ranging from one to three bedrooms, catering to a variety of lifestyle needs. Each unit is designed with meticulous attention to detail, encompassing spacious living areas, modern kitchens, en-suite bathrooms, and large balconies that provide stunning vistas. High-quality finishes, such as marble flooring and contemporary fixtures, add a touch of elegance to the interiors.

The development is managed and maintained to the highest standards, ensuring residents enjoy a seamless living experience. One of the standout features of Al Basri is its direct access to a private beach, allowing residents to indulge in Dubai's pristine coastline. Additionally, the project includes several swimming pools, state-of-the-art fitness centers, children’s play areas, and landscaped gardens, providing a holistic living environment for families and individuals alike.

Al Basri’s strategic location on Palm Jumeirah ensures that residents are never far from essential services and leisure activities. The Shoreline Apartments offer a range of retail outlets, cafes, and fine-dining restaurants on the ground floor, providing convenience and a vibrant community atmosphere. Moreover, the world-famous Atlantis The Palm, Nakheel Mall, and numerous beachfront resorts are just a short drive away, offering endless entertainment and dining options.

For those who prioritize connectivity, Al Basri is well-connected to the rest of Dubai through a network of major roads and the Palm Jumeirah Monorail. Key business districts, such as Dubai Internet City, Dubai Media City, and Downtown Dubai, are easily accessible, making it an ideal location for working professionals.

Investing in Al Basri also presents an attractive proposition due to the strong return on investment and capital appreciation characteristic of properties on Palm Jumeirah. The area's reputation for exclusivity and luxury ensures a steady demand for both rental and buy-to-live properties.

Overall, the Al Basri project epitomizes luxury living in one of Dubai’s most prestigious locales, combining contemporary design, premium amenities, and unparalleled location to offer an exceptional residential experience.

Q&A on Al Basri

What are the advantages of 'Al Basri' project in Dubai for property buyers? What are the disadvantages?

Advantages:

1. Prime Location: 'Al Basri' is located on the iconic Palm Jumeirah, offering proximity to some of Dubai's most luxurious amenities and attractions, including high-end restaurants, retail outlets, and entertainment venues.

2. Waterfront Living: Residents can enjoy direct access to the beach and stunning views of the Arabian Gulf, enhancing the overall living experience.

3. High Rental Yields: Properties on Palm Jumeirah are highly sought after by both locals and expatriates, leading to potentially high rental yields for investors.

4. Lavish Amenities: 'Al Basri' provides a range of top-notch amenities such as swimming pools, fitness centers, and landscaped gardens, ensuring a luxurious lifestyle.

5. Prestigious Address: Owning a property in Palm Jumeirah is a status symbol, often associated with affluence and exclusivity.

6. Potential for Appreciation: The limited supply of properties on Palm Jumeirah often leads to strong capital appreciation over time.

7. Comprehensive Security: The project offers advanced security systems and 24/7 surveillance, ensuring the safety of residents.

8. Community Lifestyle: The development fosters a sense of community with social events, communal spaces, and recreational facilities.

Disadvantages:

1. High Property Costs: The initial investment required to purchase a property in 'Al Basri' is substantial, making it less accessible for average buyers.

2. Maintenance Fees: The cost of maintaining properties and community facilities in such a high-end development can be significant.

3. Traffic Congestion: During peak times, traffic congestion can be an issue, especially given the limited access points to and from Palm Jumeirah.

4. Limited Resale Market: The high price point can limit the number of potential buyers in the resale market, potentially elongating the time required to sell a property.

5. Environmental Concerns: The development and maintenance of artificial islands like Palm Jumeirah have raised environmental concerns, which could affect future regulations and property perceptions.

6. Construction Disruptions: Ongoing developments and infrastructure projects on and around Palm Jumeirah may cause temporary disturbances and noise pollution.

7. Dependence on Tourism: The area's attractiveness is partly tied to Dubai's tourism industry, making it potentially vulnerable to fluctuations in tourist activity.

8. High Cost of Living: The cost of everyday goods and services can be higher on Palm Jumeirah compared to other parts of Dubai.

What projects are better than 'Al Basri' project in Dubai which are located close by, and why?

1. One Palm by Omniyat
- Architecture & Design: Designed by renowned architects and interior designers, featuring expansive layouts, private terraces, and high-end finishes.
- Amenities: Private jetty, a cinema, an exclusive vitality pool, luxurious spa, and a cigar lounge.
- Exclusivity & Privacy: Offers fewer units compared to other developments, providing a sense of exclusivity and tranquility.

2. Atlantis The Royal Residences
- Luxury & Brand: Associated with the legendary Atlantis brand; offers exceptional luxury and a unique lifestyle experience.
- Facilities: Access to private resort amenities, fine dining options by celebrity chefs, private pools, concierge services, and exclusive beach access.
- Design & Views: Stunning design with panoramic views of both Palm Jumeirah and the Arabian Gulf.

3. Serenia Residences
- Eco-friendly Design: Focuses on creating an eco-friendly living environment with lush gardens and water features.
- Amenities: Private beach cabanas, tennis courts, a state-of-the-art gym, and infinity pools.
- Community Feel: Designed to offer a serene and peaceful living experience with a strong sense of community.

4. The 8 by IFA Hotels & Resorts
- Modern Design: Inspired by Miami's sleek and modern design with a focus on spacious, light-filled residences.
- Recreation & Leisure: Features extensive leisure facilities including water sports, beach clubs, tennis courts, and extensive gardens.
- Dining & Retail: Offers on-site gourmet dining and retail options, enhancing convenience and lifestyle quality.

5. Muraba Residences
- Architectural Excellence: Designed by the award-winning RCR Arquitectes, focusing on maximizing natural light and offering unobstructed sea views.
- Exclusive Facilities: Offers only 46 apartments and 4 penthouses, creating an intimate living environment.
- Spa & Wellness: Equipped with wellness facilities including a crystal clear swimming pool, a vitality pool, an indoor vitality pool, a gym, and a therapeutic spa.

6. W Residences
- Branded Residences: Provides a unique lifestyle associated with the W Hotel brand, known for its vibrant and luxurious living.
- Services: Offers W’s signature “Whatever/Whenever” service, a dedicated 24/7 concierge, housekeeping, and in-residence dining.
- Lifestyle Experience: Access to W Hotel’s bars, restaurants, and private beach club, ensuring a lively and cosmopolitan living experience.

Each of these projects offers unique features, superior amenities, and a distinct lifestyle, making them excellent alternatives to the Al Basri project in the Palm Jumeirah area.

What are the closest schools to 'Al Basri' project in Dubai?

Dubai College is located in Al Sufouh, approximately 15 minutes away by car.
GEMS Wellington International School is situated in Al Sufouh 1, also around a 15-minute drive.
The International School of Choueifat, located in Al Sufouh 1, is similarly about a 15-minute drive from Palm Jumeirah.
The American School of Dubai, positioned in Al Barsha, is about 20 minutes away by car.
Regent International School, located in The Greens, is approximately a 20-minute drive away.

What are the closest medical clinics to 'Al Basri' project in Dubai?

- Emirates Hospitals Clinic, Marina: Located at Trident Grand Residence, Dubai Marina. It's about a 10-15 minute drive from Palm Jumeirah.

- Al Das Medical Clinic: Situated within Palm Jumeirah itself, at Shoreline Apartments, it provides convenient access for residents.

- Dubai London Clinic, Nakheel Mall: Located in Nakheel Mall on the Palm, it offers a range of medical services and is easily accessible from Al Basri.

- The Chiron Clinic: Based in Villa No. C06, Golden Mile Galleria, Palm Jumeirah. A holistic medical center offering a variety of treatments.

- Mediclinic Meadows: Positioned at Meadows Village, it’s approximately 15-20 minutes by car, providing comprehensive healthcare services.

- Aster Clinic, Discovery Gardens: Found in Zen Cluster, Discovery Gardens. This clinic is about a 15-20 minute drive from the Palm Jumeirah.