PropertyIndex

Palma Residence

Completed · Q2 2015|103 villas

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Palma Residence is a completed land development by THE PALM - JUMEIRAH CO. (L.L.C) in Palm Jumeirah, comprising 103 registered villas. 184 sales are registered with the Dubai Land Department, at a current PIX© price of AED 5,354 per sqft. At AED 5,354 per sqft, Palma Residence prices 37% above the Palm Jumeirah average of AED 3,918 per sqft on registered sales.

PIX© price · 37.8% YoY
23.94MAED
Typical
5,354AED
PSF
Gross yield
2.5%
PIX© rent ÷ PIX© price
Sale records
184
DLD · all time
Rent contracts
533
Ejari · all time
Palma 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
1,864 – 6,114 sqft
10323.94M5,35437.8%607K2.5%
Residential
5 Bed · Apartment
3 Bed · Villa
3,659 sqft
1
4 Bed · Villa
1,864 – 4,942 sqft
23
5 Bed · Villa
2,838 – 6,114 sqft
79
Villa (Bedrooms Unknown)
1,796 – 5,737 sqft
Land
Land
2,625 – 3,256 sqft
Sales — Project-Wide184 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
Latest transactions
DateUnitSizePricePSFvs Prior SaleTierType
14 Oct 20255 Bed4,53734,000,0007,494+110.3%PremiumStandard Sale
6 Oct 20255 Bed4,40622,750,0005,163+12.6%Entry LevelStandard Sale
1 Oct 2025Beds TBC5,63121,750,0003,863+128.9%StandardStandard Sale
Rentals — Project-Wide533 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Latest contracts
Start DateUnitSizeRent / YrRent PSFvs Prior RentTierType
1 Aug 20265 Bed2,887670,000232+11.7%Standardrenewal
1 Aug 20265 Bed2,840550,000194+10.0%Entry Levelnew
23 Jul 20265 Bed3,432600,0001750.0%Standardrenewal

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 Palma Residence

Answered from Dubai Land Department registered transactions.

How much does a property in Palma Residence cost?

Property in Palma Residence sells at a current PIX© price of AED 5,354 per sqft, or about AED 23,936,907 for a typical unit, based on 184 sales registered with the Dubai Land Department.

Is Palma Residence completed?

Yes. Palma Residence is recorded as completed in the Dubai Land Department project register (completed q2 2015).

Who is the developer of Palma Residence?

Palma Residence is developed by THE PALM - JUMEIRAH CO. (L.L.C), the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Palma Residence?

Palma Residence yields 2.5% gross, calculated from current PIX© rent against current PIX© sale price, across 533 registered Ejari contracts.

How many villas are in Palma Residence?

Palma Residence holds 103 registered villas, per the Dubai Land Department unit register.

Have prices in Palma Residence gone up or down?

Price per sqft has risen +37.8% over the last 12 months, to AED 5,354, across 184 registered sales.

About Palma Residences

Palma Residences is an exclusive gated beachfront community on the eastern side of Palm Jumeirah's trunk in Dubai, featuring 104 luxury Mediterranean-style semi-detached townhouses and villas with direct beach or pool access.

Development History and Key Milestones

Palma Residences was announced by master developer Nakheel in March 2012. It represented the developer's first new residential project launched after the 2008 financial crisis. Groundbreaking occurred on April 11, 2012, with Dubai Civil Engineering (DCE) L.L.C. appointed as the main contractor under an AED 194 million contract. Halcrow was chosen for beach profiling consultancy, while Van Oord executed beach profiling works on the Eastern and Western edges under a separate USD 28.6 million contract. Construction was completed in 2015.

Community Layout and Properties

The gated residential community consists of 104 beachfront houses built in a low-density, low-rise contemporary Mediterranean style across two floors (Ground + 1 + Roof layout). Property configurations predominantly feature four- and five-bedroom townhouses ranging in size from 3,024 sq. ft. to 5,000 sq. ft. Some properties have been custom upgraded to six bedrooms. The residences are designed in five configurations (such as Type 1C, 2C, 1B, 2B, and D), offering signature floor-to-ceiling windows, open kitchens, built-in wardrobes, en-suite bathrooms, private balconies, private gardens, and roof terraces.

Amenities, Infrastructure, and Accessibility

Palma Residences offers exclusive community features including direct access to a private beachfront along the Arabian Gulf and two communal swimming pools. The neighborhood provides round-the-clock security and professionally manicured landscaping. The gated enclave is situated on the eastern side of the Palm Jumeirah trunk, which allows quick exit and entry via Crescent Road and the main trunk to mainland Dubai. Al Ittihad Park Monorail Station provides public transportation links, while key destinations like Nakheel Mall, Al Ittihad Park, Palm West Beach, and Golden Mile Galleria are within a 5-to-12 minute drive.

Amenities
  • Private Beach Access
    Direct beach access to the Arabian Gulf coastline on the eastern side of Palm Jumeirah trunk.
  • Communal Swimming Pools
    Two community swimming pools are available for the residents.
  • Round-the-clock Security
    24/7 security and secure access systems for the gated community.
  • Landscaped Gardens
    Lush, professionally maintained green areas and parks within the community.
  • Children's Play Area
    Dedicated play areas for kids within the gated neighborhood.
  • Nakheel Mall
    A premium retail and entertainment destination located about 1.8 km (5-9 minutes drive) from Palma Residences.
  • Al Ittihad Park
    A public park located about 2.3 km (7-12 minutes drive) from the community.
  • Golden Mile Galleria
    Located about 2.1 km (5-10 minutes drive) from the community.
  • Palm West Beach
    A popular beach and promenade located about 2.4 km (7-12 minutes drive) from Palma Residences.
Also known as Palma Residence, Palma Residences, Palm Jumeirah.