Seven Palm
✓ 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
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 42,287 / year
Cash-on-Cash
1.8%
Levered cashflow AED 9,947
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 63,700 / 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
Seven Palm launch basis1,089AED 980,000Current 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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Seven Palm official render 1

Seven Palm official render 1

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Seven Palm official render 9

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Seven Palm official render 10

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...

Flexible Payment

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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

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

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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