The Palm Tower
✓ Resale Available

The Palm Tower

From AED 2.35M·Completed Dec 2021·Developer payment plan available Payment
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AED 2.35M
Starting Price
Dec 2021
Handover
Developer payment plan available
Payment Plan
Studio · 1 BR
Type

Project Overview

The Palm Tower is a multifunctional hotel and residential complex from Nakheel Properties. The building is located next to Nakheel Mall on Palm Jumeirah Island. The first 18 floors of the building are reserved for the 5-star The St. Regis Dubai Hotel. The remaining floors are residences, including studios and apartments with one, two and three bedrooms. The apartments are decorated in a modern style, each residence has a staff room and a private balcony. The property is offered with a full set of furniture and household appliances. The tower includes three roof levels: on the 50th floor there is one of the highest landscaped pools in the world, on the 51st floor there is a restaurant, on the 52nd floor of the tower there is a unique observation deck The View at The Palm, which offers panoramic views of the coast of Dubai and Palm Jumeirah Island from a height of 240 meters. The owners of the apartments will be able to use all the amenities, which include: spa, clinic, beauty salon, dry cleaning, laundry, studio, tennis courts and squash courts, barbecue areas, children's playgrounds, parking spaces. The Palm Tower is ideally located in the heart of Palm Jumeirah. Nakheel Mall, Al Ittihad Park, Club Vista Mare and The Boardwalk are located next to The Palm Tower. The Palm Tower provides easy access to Dubai Tram and Dubai Metro. The tower is directly connected by monorail to the mainland and the Atlantis Hotel.

Project Specifications
DeveloperNakheel Properties
LocationPalm Jumeirah
Unit TypesStudio, 1 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: 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 101,403 / year
Cash-on-Cash
1.8%
Levered cashflow AED 23,853
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 152,750 / 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
The Palm Tower launch basis2,611AED 2.35MCurrent 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

The Palm Tower — View 2
The Palm Tower — View 3
The Palm Tower — View 4
The Palm Tower — View 5
The Palm Tower — View 6
The Palm Tower — View 7
The Palm Tower — View 8
The Palm Tower — View 9
The Palm Tower — View 10
The Palm Tower — View 11
The Palm Tower — View 12
The Palm Tower — View 13
The Palm Tower — View 14
The Palm Tower — View 15
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The Palm Tower — View 17
The Palm Tower official render 1

The Palm Tower official render 1

The Palm Tower official render 2

The Palm Tower official render 2

The Palm Tower official render 3

The Palm Tower official render 3

The Palm Tower official render 4

The Palm Tower official render 4

The Palm Tower official render 5

The Palm Tower official render 5

The Palm Tower official render 6

The Palm Tower official render 6

The Palm Tower official render 7

The Palm Tower official render 7

The Palm Tower official render 8

The Palm Tower official render 8

The Palm Tower official render 9

The Palm Tower official render 9

The Palm Tower official render 10

The Palm Tower official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Nakheel Properties.

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Payment Structure

Developer payment plan available

Flexible Payment

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Amenities & Lifestyle

Adults Pool
BBQ
Beauty Salon
Children’s pool
Concierge Service
Covered Parking
Dining outlets (coffee houses & restaurants)
Infinity pool
Kids Play Area
Landscape Open Areas
Laundry
Leisure areas
Lift
Lobby
Outdoor parking
Pool Deck
Resting Areas
Retail outlets
SPA
Security and CCTV
Shared Pool
Shared gym
Shared gym & fitness
Sitting Area
Social zone
Tennis court
Walking paths

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

The Palm Tower by Nakheel Properties

02

Located in Palm Jumeirah

03

Starting from AED 2,350,000

04

Unit mix includes Studio, 1 BR, Apartments

05

Expected handover: Dec 2021

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

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