Olaia Residences
Off-Plan

Olaia Residences

From AED 4.22M·Handover Dec 2027·10% down payment Payment
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AED 4.22M
Starting Price
Dec 2027
Handover
10% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Olaia Residences is an ultra-exclusive complex on Palm Jumeirah by the developer Gulf House Real Estate Development. The building includes two basement floors, a ground floor, ten residential floors and a scenic rooftop. The complex features state-of-the-art architecture and offers a prestigious collection of elegant one-, two-, and three-bedroom apartments and spacious three- to five-bedroom duplexes, each with spectacular views of the sea and Dubai's iconic skyline. The residences feature first-class finishes and state-of-the-art kitchens equipped with Miele appliances in the apartments and Gaggenau in the duplexes, seamlessly combining modern design with exceptional craftsmanship. The complex is well thought out, offering a full range of wellness facilities, including swimming pools, a spa, a fitness center, a sauna, cigar lounge, mini-golf and dedicated yoga facilities. The building enjoys a convenient location on Palm Jumeirah’s trunk ensuring quick access to the city's key locations: the beach is just a 2-minute walk away, Dubai Marina and Sheikh Zayed Road are just 10 minutes away, DIFC (Dubai International Financial Centre), Dubai Mall and Burj Khalifa are 25 minutes away, and Dubai International Airport (DXB) is a 30-minute drive away.

Project Specifications
DeveloperGulf House Real Estate Development
LocationPalm Jumeirah
Unit Types1 BR, 2 BR, 3 BR, 4 BR, 5 BR, Apartments
AreaPalm Jumeirah
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 182,224 / year
Cash-on-Cash
2.2%
Levered cashflow AED 42,864
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 274,497 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Olaia Residences launch basis4,692AED 4.22MCurrent launch / asking basis
Palm Jumeirah ready-stock comps3,200AED 2.88MIndicative resale benchmark
Palm Jumeirah premium peer launches3,800AED 3.42MNew-launch peer set
Trophy alternative proxy4,700AED 4.23MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Gulf House Real Estate Development.

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Payment Structure

10% down payment

Flexible Payment

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Amenities & Lifestyle

BBQ
Cigar Lounge
Concierge Service
Coworking zone
Crossfit zone
Kids Play Area
Landscaped garden
Lavish Sundeck
Leisure areas
Lift
Lobby
Lounge
Meeting Room
Mini Golf
Pool Deck
Recreational areas
Rooftop Pool
SPA
Sauna
Security and CCTV
Shared Pool
Shared gym & fitness
Sitting Area
Steam
Valet parking
Yoga Area

Location

Palm Jumeirah

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Palm JumeirahPalm JumeirahDubai, UAE

Developer Track Record

01

Olaia Residences by Gulf House Real Estate Development

02

Located in Palm Jumeirah

03

Starting from AED 4,223,032

04

Unit mix includes 1 BR, 2 BR, 3 BR, 4 BR

05

Expected handover: Dec 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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