FAIRMONT PALM HOTEL & RESORT
MatureDeveloperTHE PALM HOTEL AND RESORT FZC
CommunityPalm Jumeirah
AreaPalm Jumeirah
Started
18 years 11 months ago17-02-2007
Handover
13 years 4 months ago09-09-2012
Status
CompleteFinished
Project Description
Mixed Residential / Hotel tower development located in Palm Jumeirah. It is designed and constructed as a 2B+G+14 storey, built as a concrete structure with its internal and external finishes. The residential part of the tower starts from the 11th floor and above (Penthouse 4 to 7) while the bottom floors will house the Fairmont Hotel, the Ground Floor is shared.
Performance Alpha
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
—No recent sales
Momentum: Last 12Mvs Prior Year
—No sales in period
Community Compare: Last 90DPalm Jumeirah
—No recent sales
Liquidity: Last 12MExit Speed
—No sales in period
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 2,027/sqft
Range:AED 131 – AED 7K
Avg Unit:AED 292K/yr
Leasing Volume: L12MContracts Signed
Active10Total
New:4
Renew:6
Tenant RetentionRenewal Rate
Excellent60%renewals
40% new tenants60% renewals
Avg Annual RentPer Unit
AED 292K/year
Based on 10 contracts
Supply & Demand Matrix
FAIRMONT PALM HOTEL & RESORT averaged 0% liquidity over the last 12 months, which is considered low. High velocity indicates an active secondary market with easier exit potential. Lower velocity suggests long-term holds or cooling demand.
Type
Absorption (L12M)
Velocity
PENTHOUSE
14 units
0 sold14 left
0%
Velocity
Shop
12 units
0 sold12 left
0%
Velocity
Layouts & Units (27)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Flat | Inventory 0units | Size Range 1,422-33,503sqft | Price Range AED 4.8M - AED 42.0M | Avg PSF 2,844 | Sales 14 | Trend — | |
Asset Class 1 Bed Flat | Inventory 0units | Size Range 7,899-7,899sqft | Price Range — | Avg PSF 3,219 | Sales 0 | Trend — | |
Asset Class 22 Bed FlatPodium | Inventory 14units 14 layouts · Typically 1.1 parking 23-1195 sqm balcony | Size Range 1,422-33,503sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 199,610-199,610sqft | Price Range AED 59.9M - AED 59.9M | Avg PSF 300 | Sales 1 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 2,198-1,235,255sqft | Price Range — | Avg PSF 44,166 | Sales 0 | Trend — | |
Asset Class ShopPodium | Inventory 12units 12 layouts 153-513 sqm balcony | Size Range 181-12,262sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class Sized PartitionFloor 17 | Inventory 1units Typically 1 parking | Size Range 1,232,775-1,235,255sqft | Price Range — | Avg PSF 555 | Sales 0 | Trend — |
Grouped into 7 asset classes covering 27 units