PropertyIndex

Fairmont Palm Residence

Completed · Q1 2010|572 units · 2 towers

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Fairmont Palm Residence is a completed apartment development by THE PALM VACATION CLUB FZE in Palm Jumeirah, comprising 572 registered units. 1,592 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,647 per sqft. At AED 2,647 per sqft, Fairmont Palm Residence prices 32% below the Palm Jumeirah average of AED 3,918 per sqft on registered sales.

PIX© price · 3.3% YoY
6.88MAED
Typical
2,647AED
PSF
Gross yield
4.2%
PIX© rent ÷ PIX© price
Sale records
1,592
DLD · all time
Rent contracts
3,239
Ejari · all time
Fairmont Palm Residence

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
184 – 19,500 sqft
5726.88M2,6473.3%290K4.2%
Residential
Studio · Apartment
4,121 – 12,007 sqft
30
1 Bed · Apartment
1,281 – 1,695 sqft
164
2 Bed · Apartment
1,717 – 2,192 sqft
268
3 Bed · Apartment
2,175 – 6,849 sqft
78
4 Bed · Apartment
3,170 – 5,465 sqft
20
5 Bed · Apartment
9,750 – 9,926 sqft
2
Penthouse · Apartment
4,121 – 12,007 sqft
4 Bed · Villa
5 Bed · Villa
Commercial
Office
595 – 1,239 sqft
6
Other Commercial
19,496 – 19,500 sqft
2
Parking
184 sqft
2
Shop
Sales — Project-Wide1,592 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Tower & Floor Analysis
last 24 months
All towers · 74 sales
Floors 1-5 · 44 sales
Floors 6-10 · 30 sales
The Residences North · 39 sales
Floors 1-5 · 23 sales
Floors 6-10 · 16 sales
The Residences South · 35 sales
Floors 1-5 · 21 sales
Floors 6-10 · 14 sales
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
30 Jun 20263 BedThe Residences North · Floor B14,90410,237,3732,088+46.2%StandardStandard Sale
18 Jun 20261 BedThe Residences North · Floor 51,3142,615,0001,990+32.7%StandardStandard Sale
12 Jun 20261 BedThe Residences South · Floor 41,2922,575,0001,993+83.9%StandardStandard Sale
Rentals — Project-Wide3,239 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Tower & Floor Analysis
last 24 months
All towers · 414 rentals
Floors 1-7 · 292 rentals
Floors 8-10 · 122 rentals
The Residences North · 177 rentals
Floors 1-7 · 131 rentals
Floors 8-10 · 46 rentals
The Residences South · 237 rentals
Floors 1-7 · 161 rentals
Floors 8-10 · 76 rentals
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
9 Sep 20262 Bed1,995250,000125Standardrenewal
21 Aug 20261 Bed1,369175,000128Premiumnew
15 Aug 20262 BedThe Residences South · Floor 41,717300,000175+106.9%Premiumnew

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Palm Jumeirah

The closest-priced registered projects in Palm Jumeirah.

Common questions about Fairmont Palm Residence

Answered from Dubai Land Department registered transactions.

How much does a property in Fairmont Palm Residence cost?

Property in Fairmont Palm Residence sells at a current PIX© price of AED 2,647 per sqft, or about AED 6,877,796 for a typical unit, based on 1,592 sales registered with the Dubai Land Department.

Is Fairmont Palm Residence completed?

Yes. Fairmont Palm Residence is recorded as completed in the Dubai Land Department project register (completed q1 2010).

Who is the developer of Fairmont Palm Residence?

Fairmont Palm Residence is developed by THE PALM VACATION CLUB FZE, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Fairmont Palm Residence?

Fairmont Palm Residence yields 4.2% gross, calculated from current PIX© rent against current PIX© sale price, across 3,239 registered Ejari contracts.

How many units are in Fairmont Palm Residence?

Fairmont Palm Residence holds 572 registered units across 2 towers, per the Dubai Land Department unit register.

Have prices in Fairmont Palm Residence gone up or down?

Price per sqft has risen +3.3% over the last 12 months, to AED 2,647, across 1,592 registered sales.