Olaia Residences — project image
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
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 182,224 / year
Cash-on-Cash
2.2%
Levered cashflow AED 42,864
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.94M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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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

Published payment summary

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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

Olaia Residences location map
Project location

Nearby Destinations

Palm Jumeirah

Developer and Project Facts

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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RERA Registered
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Property Enquiries

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

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