Five Palm Jumeirah — project image
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Five Palm Jumeirah

From AED 5.35M·Completed May 2019·Developer payment plan available Payment
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AED 5.35M
Starting Price
May 2019
Handover
Developer payment plan available
Payment Plan
2 BR · Apartments
Type

Project Overview

Five Palm Jumeirah is a modern hotel complex located on the trunk of The Palm Jumeirah, Dubai, the world's largest artificial island. The building includes a ground floor and 15 residential levels with 477 hotel rooms and 221 furnished residences overlooking the Persian Gulf. The complex includes studios and apartments with 1-4 bedrooms. All residences have high quality finishes and furnishings and feature panoramic windows, fitted wardrobes and kitchens equipped with appliances. The 4-bedroom apartments, also called Sky-villas, are located on the 16th floor and have spacious terraces with small private landscaped pools. Residents of Five Palm Jumeirah enjoy the following amenities: private beach, indoor and outdoor swimming pools, fully equipped gym, spa, car parking, high-speed lifts, security and CCTV, banquet hall, children's playroom, barbecue facilities, 24-hour concierge service. Residents of Five Palm Jumeirah have access to on-island medical clinics, dental and pharmacy services, and the nearest schools, kindergartens and hospitals are within a 20-minute drive. Dubai Marina and Sheikh Zayed Road can be reached within a 5-minute drive. DXB and Al Maktoum Airports are 30 and 40 minutes‘ drive away, Burj Khalifa and Dubai Mall are 20 minutes’ drive away, Burj Al Arab is a 15-minute drive from the hotel.

Project Specifications
DeveloperFIVE Holdings (SKAI Holdings)
LocationPalm Jumeirah
Unit Types2 BR, Apartments
AreaPalm Jumeirah
OwnershipFreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 230,853 / year
Cash-on-Cash
2.2%
Levered cashflow AED 54,303
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 2.46M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from FIVE Holdings (SKAI Holdings).

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

Children’s pool
Concierge Service
Conference room
Coworking zone
Kids Play Area
Leisure areas
Lift
Lobby
Meditation zone
Private beach access
Private pool
SPA
Security and CCTV
Shared Pool
Shared gym
Social zone
Yoga studio

Location

Palm Jumeirah

Nearby Destinations

Palm Jumeirah

Developer and Project Facts

01

Five Palm Jumeirah by FIVE Holdings (SKAI Holdings)

02

Located in Palm Jumeirah

03

Starting from AED 5,350,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: May 2019

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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