Six Senses Residences The Palm — project image
✓ Resale Available

Six Senses Residences The Palm

From AED 20.30M·Completed Dec 2024·Developer payment plan available Payment
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AED 20.30M
Starting Price
Dec 2024
Handover
Developer payment plan available
Payment Plan
2 BR · Apartments
Type

Project Overview

Six Senses Residences The Palm, the first project in the UAE for the global Six Senses Hotels Resorts & Spa chain, known worldwide for its luxury resorts, is characterised by its unique ambience and design. The developer of the project on Palm Jumeirah Island is one of the UAE's leading developers Select Group in collaboration with Emirates Strategic Investment Company. The complex offers luxury hotel apartments and villas with spacious terraces and stunning views of the city or the Persian Gulf. Each residence is decorated in a contemporary style using eco-friendly materials and natural finishes. Homeowners and guests can enjoy a wide range of wellness and lifestyle facilities including a swimming pool with massage centre, squash court, wellness centre, Six Senses Spa, shared workspace and meeting rooms, fitness room and a private beach where guests can relax and enjoy the sun and sea breeze. The complex is approximately 25 minutes‘ drive to Dubai Mall, 7 minutes’ drive to Palm Jumeirah, 20 minutes‘ drive to Burj Al Arab and 20 minutes’ drive to The Walk JBR. Dubai International Airport is approximately 32 minutes‘ drive away and Al Maktoum International Airport is approximately 41 minutes’ drive away.

Project Specifications
DeveloperSelect Group
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 875,945 / year
Cash-on-Cash
2.2%
Levered cashflow AED 206,045
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 9.34M / 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 Select Group.

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Payment Structure

Developer payment plan available

Published payment summary

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Amenities & Lifestyle

Central A/C
Children’s pool
Concierge Service
Conference room
Covered Parking
Dining outlets (coffee houses & restaurants)
Kids Play Area
Landscaped garden
Lift
Lobby
Meditation zone
Private beach access
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym & fitness
Walking paths

Location

Palm Jumeirah

Nearby Destinations

Palm Jumeirah

Developer and Project Facts

01

Six Senses Residences The Palm by Select Group

02

Located in Palm Jumeirah

03

Starting from AED 20,300,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Dec 2024

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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RERA Registered
Qualified Buyer Flow
Property Enquiries

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

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