Costs · Palm Jumeirah

Property Insurance in Palm Jumeirah

What landlords in Palm Jumeirah should insure and what it costs.

Price per sqft

AED 3,800 per sqft

1-bed rent

AED 190,000/yr

Gross yield

5–6%

Short-let occupancy

86%

What to cover

Building cover usually sits with the owners' association. Owners should hold contents and landlord liability — roughly AED 800–2,500 a year for an apartment in Palm Jumeirah, more for a furnished short-let unit.

Short-let specifics

Holiday-home operation needs a policy that explicitly covers paying guests. Standard home policies exclude it, and platform guarantees are not insurance.

Palm Jumeirah at a glance

Palm Jumeirah is Dubai's ultra-prime beachfront address of branded residences and signature villas. Buying sits at AED 3,800 per sqft — roughly AED 2,964,000 for a standard one-bedroom — while long-term tenants pay about AED 190,000 a year. Hosted as a licensed holiday home, the same unit averages AED 1,093 a night at 86% occupancy, around AED 343,093 gross. Owners on our managed programme average AED 473,468 — a 38% uplift.

Frequently asked questions

Is insurance mandatory in Dubai?

Not for owners, but mortgage lenders require life and property cover.

Does Airbnb cover damage?

AirCover helps but is not a substitute for a landlord policy covering short-term letting.