Seven Palm — project image
✓ Resale Available

Seven Palm

From AED 980,000·Completed Nov 2022·Accepted payment methods: cash, bank_transfer, credit_deb... Payment
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AED 980,000
Starting Price
Nov 2022
Handover
Accepted payment methods: cash, bank_transfer, credit_deb...
Payment Plan
Studio · Hotel apartments
Type

Project Overview

Seven Palm is a complex with premium class apartments and a 5-star hotel, from the developer Seven Tides International, located on the artificial island of Palm Jumeirah. The project comprises two buildings — the South and North Residences — a suspended bridge with a terrace and swimming pool, as well as surrounding green park areas. The buildings include two basement floors, a ground floor, a mezzanine and 14 residential floors. The project includes studios, 1-3-bedroom residential apartments, 4-bedroom penthouses, commercial premises, as well as hotel studios and 1-bedroom apartments. The residences are complemented with luxurious finishes and panoramic windows that overlook the bay, the marina, the famous Burj Al Arab Hotel and the skyscrapers of the Dubai Marina area. The apartments are fully furnished, with walk-in closets in the bedrooms and a rain shower in the bathrooms. The kitchens are equipped with appliances, counters and a stove. There is a swimming pool, a terrace with a lounge area, bars and a restaurant on the roof of the building. Residents and guests of the complex can use the equipped gym with changing rooms and a shower for free. There are shops on the ground floor. Nakheel Shopping Center and Golden Mile Shopping Gallery are located opposite Seven Palm. The project is located just 10 min from Dubai Marina and Sheikh Zayed Road, and 45 min from Dubai International Airport. Buildings Configuration: 2B+G+M+14

Project Specifications
DeveloperSeven Tides International
LocationPalm Jumeirah
Unit TypesStudio, Hotel 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 42,287 / year
Cash-on-Cash
2.2%
Levered cashflow AED 9,947
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 450,800 / 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

Seven Palm — View 2
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Astraterra Properties

Official Documents

Download official marketing materials from Seven Tides International.

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Payment Structure

Accepted payment methods: cash, bank_transfer, credit_deb...

Published payment summary

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Amenities & Lifestyle

Beach Access
Children’s pool
Concierge Service
Covered Parking
Dining outlets (coffee houses & restaurants)
Landscaped garden
Leisure areas
Lift
Lobby
Pool Deck
Recreational areas
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym & fitness
Sitting Area
Social zone

Location

Palm Jumeirah

Nearby Destinations

Palm Jumeirah

Developer and Project Facts

01

Seven Palm by Seven Tides International

02

Located in Palm Jumeirah

03

Starting from AED 980,000

04

Unit mix includes Studio, Hotel apartments

05

Expected handover: Nov 2022

06

Official render/gallery images available

Available for Resale

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

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Property Enquiries

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

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