Palm Jumeirah  

Access regular updates on investment opportunities and analysis of Palm Jumeirah

  • Viceroy Palm Jumeirah handing over soon

     Feb 26 2017  Viceroy Palm Jumeirah  Hotel Serviced Apartments  SKAI

    The Viceroy is located on the trunk of Palm Jumeirah and is scheduled for official opening in April 2016. The project is being developed by SKAI Holdings and consists of 481 rooms as well as 221 private residences.

    Viceroy Palm Jumeirah was sold on a 20:80 payment-plan (80% of the total price payable on completion).

    As completion is now upon us; there are a number of sellers who are looking to sell to avoid making the final 80% baloon payment. We are seeing a number of units currently being listed in the market at original price or with low premiums.

    Owners have the option of giving their units as part of the hotel pool to earn rental incomes which are expected to net a 8% rental yield.

    The cheapest options available to purchase in Viceroy are the smaller, fully furnished 1 bedrooms which had an original price of approximately AED 1.7 millon and there are options available in the market at original price.

    To learn more about purchasing units in the Viceroy, please contact Gibran Y. Bham at +971.56.408.7616

  • Palm Views: ideal for investors looking for a mix of a luxury location and strong ROI

     Aug 24 2015  Palm Views  Apartments  Nakheel

    The Palm Views is located at the very top of the trunk of the Palm right before the fronds begin. There are two residential buildings built on either side of the trunk having a total of 192 studio apartments which measure between 500 - 550 sq. ft.

    All apartments have balconies and have views of the sea / marina.

    The apartments were launched by Nakheel in January 2013, and all 192 units were sold out over a short period of time at prices of AED 1,000,000 each (average price per sq. ft. of AED 1,900)

    These units can currently be purchased at an average of price of AED 1.2 - 1.25 million (and there may be opportunities to purchase at a lower price point). The current rentals on these properties is AED 75 - 80,000.

    The maintenance fees for these buildings are very low; currently at AED 4,000 per annum. The reason for this is that facilities in these buildings is more limited, for example there is no gym. However, there is a communal swimming pool in each of these buildings.

    Early reviews from visitors to these buildings is positive especially in terms of the views provided.

    It is rare to purchase a studio anywhere in one of the high-end communities of Dubai like Dubai Marina, Palm or Downtown Dubai with a full water-view. Such units typically command a very high premium. The fact that the market is generally slower gives investors a chance to pick up a good deal.

    Due to limited number of future construction on Palm Jumeirah, we believe Palm Views will eventually see a decent capital growth.

    Based on current numbers, investors have a chance to earn an average ROI of 6.2 - 6.5% per annum. This is considered pretty high for the Palm Jumeirah. In comparison for communities like Shoreline or Marina Residence, net rental returns per annum range from between 5 - 5.5%.

  • Palma Residence, Palm Jumeirah - handover commencing and current market values

     Feb 23 2015  Palma Residence  Townhouses  Nakheel

    Palma Residence, a collection of 104 four and five bedroom townhouses was launched in 2012 by Nakheel. The project is now ready and handovers are commencing.

    There are two locations within Palma Residence which impact value. The inner units are primarily 4 bedroom townhouses built around a swimming pool. The outer units are mainly 5 bedrooms with beach-front access. Plot sizes, corner units and locations within these two sectors impact value.

    Currently, estate agents operating in the area do not report any transactions taking place for these properties. Owners are demanding quite high price, which considering a softer market, smaller built up areas and the fact that buyers have a choice of purchasing on the fronds (Garden Homes and Canal Cove units) - the current asking prices may not be sustainable.

    Typically speaking, 4 bedrooms in Palma Residence have asking prices ranging from AED 8.0 - 9.5 M. 5 Bedrooms asking prices range from AED 11 - 13 M.

    While sale transactions may not be easy at the moment, we expect to see quite a lot of rental transactions taking place.

    4 Bedroom units will currently rent for between AED 340 - 380,000

    5 Bedroom units will typically rent for between AED 425 - 450,000; however, there are a few prime units with extra large plots and particularly spectacular views which may rent for up-to 500,000 - 525,000.

  • Anantara Residences - a luxury investment on Palm Jumeirah

     Feb 18 2015  Anantara Palm Jumeirah  Apartments  Seven Tides

    Anantara Residences consists of two residential buildings within a larger resort which includes the Anantara Hotel. The Hotel became operational in 2012, the first residential building was completed in September 2013 and the second residential building was recently completed.

    The developer, Seven Tides, who is also the developer of the Oceana project on Palm Jumeirah is selling units directly to investors/end-users.

    Buyers have the option of either purchasing a unit for end-use or as part of an agreement to lease back the unit towards the hotel pool.

    The Anantara Residences consist of 1 and 2 bedroom apartments of varying sizes as well as some larger duplex & penthouse apartments.

    In general the 1 Bedroom units have sizes ranging from 1,158 - 1,523 sq. ft. and prices range from AED 2.6 - 4.25 million - depending on the size, floor and the view.

    The 2 bedrooms range in size between 1,770 - 2,660 sq. ft. and prices range from AED 4.05 - 6.5 million - depending on the size, floor and the view.

    Starting prices psf are basically AED 2,290 - 2,350 psf.

  • Dream Palm Residence, Palm Jumeirah

     Oct 24 2014  Dream Palm Residence  Apartments  Unknown

    This project is part of the Rixos Resort located at the tip of the crescent of Palm Jumeirah. The project was completed in mid-2012.The developer waited till the project was completed before offering units in the market.

    As we understand, apartments and townhouses were first offered in this project in 2012 at prices starting from AED 2,200 psf. Our sources tell us that the initial sales response was not very strong and it appears that the marketing/sales effort of the project was put on hold.

    Lanhill Real Estate, a real estate brokerage firm based in Dubai, is now offering units in this development exclusively (as of September 2014).

    Prices being advertised are from AED 2,200 psf.

    2 Bedroom apartments (built up areas ranging from 2,217 - 3,313 sq. ft) are being sold for AED 4.8 - 7.2 million.

    3 Bedroom apartments (built up areas ranging from 2,752 - 3,570 sq. ft) are being sold for AED 6.0 - 8.0 million.

    The firm is also offering 4 & 5 bedroom penthouses, and 4 bedroom townhouses for sale.

    The development is 100% ready and buyers have to pay the full amount upfront at which time they will be furnished with a title deed.

    Dream Palm Residence is located within the Rixos Resort giving residents the advantage of sharing 5 star resort facilities.


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