Most likely a fake. Did the email address you by your name or as Dear PayPal user e.t.c

Its only a real paypal email if it addresses you as Dear [your full name], Also check the links go to the actual paypal website and not a fake. When you hover over the link look in the bottom left hand corner, if its not paypal.com dont click it.

Anyway from what you have shown its most likely a fake.