Palm Tower Palm Jumeirah Dubai

Palm Tower is Nakheel's 52-storey tower at the trunk of Palm Jumeirah, sitting directly on top of Nakheel Mall. The lower floors are the 290-room St. Regis Dubai The Palm hotel; the 432 fully furnished residences occupy levels 19 to 47, from 441 sq ft studios to a 2,589 sq ft three-bedroom. The building was completed in 2021 and residences were handed over from that October, so this is a ready, resale-only purchase — Bayut puts the current asking range at AED 2.1 M to AED 6.2 M (about Rs 5.41 crore to Rs 15.97 crore), against a launch price that started at AED 1.7 M.

Two things separate this tower from most Palm Jumeirah stock. You buy a serviced address rather than a beach villa: the hotel, the mall, AURA Sky Pool on level 50 and The View deck are in the same structure, which is why furnished studios here rent at figures a 441 sq ft box would not earn elsewhere on the island. And no developer plan is left — a resale is paid in full at transfer, with the 4% DLD transfer fee on top. This page prints the asking range, the DLD-recorded average, the size schedule and the honest yield maths.

At a glance

Price and unit pricing

There is no price list to ask for. A resale market is described by three figures: Bayut's asking range of AED 2.1 M to AED 6.2 M, the DLD's recorded average of AED 3,634,079 in the tower, and Nakheel's launch entry of AED 1.7 M. The gap between average and low ask is the size mix — a 441 sq ft studio and a 2,589 sq ft three-bedroom share one building.

Read the last row against the rest and the pricing makes sense. Small units ask at or above the island's average rate, because a furnished studio over a mall with a hotel attached is priced on what it earns, not on floor area. The three-bedroom at about AED 2,395 per sq ft asks below the island average — large apartments compete with fronds villas, and that is where a buyer can still argue about rate.

Sources disagree on the island benchmark itself: AED 4,161 per sq ft on one 2026 guide, AED 3,500 to 4,090 for luxury apartments on another, AED 2,800 to 4,500 for prime stock on a third. Only the DLD transaction record for this tower settles it — the AED 3,634,079 above.

Payment plan and total cost

There is no payment plan. The building is finished and the developer's release is long gone, so every purchase is a resale between two owners: full price at transfer, or a UAE mortgage for the part a bank will lend. No 60/40, nothing after handover, and no construction risk either. Worked on a purchase at the AED 2.1 M floor of the asking range:

The service-charge line is the one to press on. No source we checked publishes this tower's rate, and this is a building with a hotel, a mall, an infinity pool on level 50 and an observation deck in it. On a 2,589 sq ft three-bedroom, AED 20 to 30 per sq ft is AED 52,000 to 78,000 a year. Ask for the last two invoices and the owners' association statement before agreeing a price.

Location and connectivity

Palm Tower sits at the trunk of Palm Jumeirah, the part of the island with the shops rather than the beaches. Nakheel Mall is underneath it, the Palm Monorail runs the length of the trunk to Atlantis, and a taxi reaches Dubai Marina in about nine minutes. There is no Dubai Metro station on the island — the nearest rail is the tram and metro at Dubai Marina and Jumeirah Lakes Towers, by road or monorail plus a change.

You are inside the Palm's retail and dining, a short drive from Marina and Sheikh Zayed Road, and dependent on a car beyond the island. Beach access is the weak point of a trunk address: the fronds and the Shoreline have it, a tower above a mall does not. See all Dubai projects we track and the projects list; for a Dubai proposition at the other end of the price scale, Sobha Hartland Greens in Mohammed Bin Rashid City starts near AED 890,000.

Amenities and specifications

The residences are fully furnished by Nakheel — not a seller's claim but how the tower was released, and central to the rents the small units achieve. Residents share the building with St. Regis Dubai The Palm, so the lobby and the service culture are a hotel's.

In the same structure: AURA Sky Pool on level 50, marketed as one of the world's highest infinity pools; The View observation deck across the top three floors; SUSHISAMBA; and Nakheel Mall below, with cinema, supermarket and dining. Residents' facilities quoted are a pool, gym, children's area and covered parking. Not published: parking per unit, the furniture schedule by unit type, and the service-charge budget — all answerable from the owners' association documents.

About the developer

Nakheel Properties, established in 2000, built the island this tower stands on. Its record is reclamation and master planning at a scale few attempt: Palm Jumeirah, The World Islands, Ibn Battuta Mall (the largest themed mall in the world), Dragon Mart, Nakheel Mall, and the USD 220 million dining development The Pointe at the tip of the Palm. It master-planned Jumeirah Village Circle, with more than 2,000 villas and townhouses, and Jumeirah Village Triangle.

Nakheel carries DLD developer registration number 100 according to Metropolitan's developer page, one of the oldest on the register, and a reported pipeline of about USD 16 billion. On a ready resale the forward record matters less than it would off-plan; what counts is that the island's master developer still runs its retail, monorail and beaches.

For Indian buyers

Palm Jumeirah is freehold, so an Indian buyer holds the title deed in their own name, with no local partner and no residency requirement. At the AED 2.1 M floor of the asking range the purchase clears the AED 2 M Golden Visa threshold — one of the genuinely useful facts about the entry unit, since a cheaper ready home elsewhere on the island would not.

The money side needs planning. AED 2.1 M is about USD 572,000 at the dirham's peg of AED 3.6725 to the dollar, and the Liberalised Remittance Scheme allows USD 250,000 per person per financial year. A couple remitting together can send USD 500,000, about AED 1.84 M, which is short of price plus fees — so this level takes a third family remitter, two financial years, or a UAE mortgage for the balance. Banks here lend non-residents roughly half the price, in dirhams.

The UAE levies no annual property tax, and a residential resale does not attract VAT; your real costs are the 4% DLD transfer fee and the service charge. An Indian tax resident declares the rent and any gain on sale in India, with treaty relief for anything taxed twice.

On yield, be careful with the headline. Bayut's average asking rent for a studio in this tower is AED 142,275 a year, about 6.8% gross against a AED 2.1 M ask — but that is furnished short-let money, and several units here appear on hotel-booking sites. After a service charge of AED 10,000 to 18,000, operator fees and voids, a managed studio nets nearer 4.5% to 5.5%. Island-wide, 2026 guides put apartment gross yields at 5.8% to 6.8% while one survey recorded 4.58% for the Palm — that spread is short-let against long-let. Resale liquidity here is the best in Dubai for the price band; the risk is buying small and furnished at an island-average rate and selling to somebody who values floor area.

Pros

• Ready and title-deeded since 2021 — no construction risk, no instalments, rent from day one
• The AED 2.1 M entry ask clears the AED 2 M Golden Visa threshold
• 432 residences above a 290-room St. Regis and Nakheel Mall: hotel services and retail in one structure
• Fully furnished as released by Nakheel, which is why studio asking rents reach AED 142,275 a year
• A DLD-recorded average sale of AED 3,634,079 is a real benchmark to negotiate against
• The 2,589 sq ft three-bedroom at about AED 2,395 per sq ft asks below the island's apartment average

Cons

• No payment plan exists: a resale is full price at transfer plus about 6% to 7% in fees
• Small units ask at or above the island's average rate — about AED 3,500 to 4,760 per sq ft on a studio
• No source publishes this tower's service charge, and the Palm's branded stock runs AED 20 to 30+ per sq ft
• A trunk address has no beach at the door; that belongs to the fronds and the Shoreline
• No metro on the island, and the monorail plus a change is the only rail route out
• The studio yield headline depends on short-let operation; long-let numbers are materially lower

Who this is for

• Buyers who want a ready Palm Jumeirah address with a Golden Visa attached
• Short-let investors who will run the unit or pay an operator
• Families wanting a 2,589 sq ft three-bedroom on the island at a rate below the island average
• Indian buyers who can fund the purchase across two financial years or with a UAE mortgage

Who should look elsewhere

• Anyone who wants beach access from their own door
• Long-let yield buyers — a furnished studio's gross numbers do not survive a long tenancy here
• Buyers who need a staged payment plan rather than cash at transfer
• Anyone who will not read the owners' association accounts first

Our verdict

Palm Tower is one of the few Palm Jumeirah buys where the entry price clears the Golden Visa threshold and comes with a title deed today. The small units are priced as income assets and only work as income assets — run as short-lets, with the service charge and operator costs written down first. The three-bedroom is the quieter opportunity: 2,589 sq ft on the Palm below the island average rate, in a building with a St. Regis in it. Negotiate against the DLD's AED 3,634,079 average, not the asking price.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What is the price of Palm Tower?

It is a ready resale market, not a price list. Bayut's asking range is AED 2.1 M to AED 6.2 M (about Rs 5.41 crore to Rs 15.97 crore), the DLD's recorded average in the building is AED 3,634,079, and the launch entry was AED 1.7 M. The floor is studio territory; the top is the 2,589 sq ft three-bedroom.

What is the payment plan for Palm Tower?

There is none. A purchase is a resale paid in full at transfer or part-funded by a UAE mortgage. Add the 4% DLD transfer fee — AED 84,000 on AED 2.1 M — plus trustee, title-deed and agency charges, taking the all-in to roughly 6% to 7% over the price.

When was the handover?

The building was completed in 2021 and the residences were handed over from October of that year, the same year the St. Regis, AURA Sky Pool and The View opened.

How big are the apartments at Palm Tower?

Studios 441 to about 599 sq ft, one-bedrooms 900 to about 1,145, two-bedrooms 1,842 to 2,118, and the three-bedroom plan 2,589 sq ft — all 432 on levels 19 to 47, released fully furnished.

Is it registered with the Dubai Land Department?

Units are completed and carry title deeds. None of the sources we checked prints the project number, and Nakheel carries DLD developer registration number 100 per Metropolitan. Ask for the title deed and check the property and any mortgage on the Dubai REST app before paying a deposit.

Does Palm Tower qualify for a Golden Visa?

At the AED 2.1 M floor of the range, yes: the property route to the 10-year Golden Visa needs AED 2 M. A cheaper negotiated price drops below it, so if the visa is the point, keep the recorded price above AED 2 M.

What is the service charge, and what yield can I expect?

The tower's own rate is not published by any source we checked; Palm Jumeirah runs AED 15 to 25 per sq ft a year, with branded and hotel-linked buildings at AED 20 to 30 and above — roughly AED 10,000 to 18,000 on a 500 sq ft studio. Bayut's average studio asking rent here is AED 142,275, about 6.8% gross on a AED 2.1 M ask, but that is short-let money; long-let and after costs, expect 4.5% to 5.5% net.

Can an Indian citizen buy here, and what tax applies?

Yes — Palm Jumeirah is freehold and open to any nationality, title deed in your own name. AED 2.1 M is about USD 572,000, and the Liberalised Remittance Scheme allows USD 250,000 per person per financial year, so a couple's single-year allowance of about AED 1.84 M falls short of price plus fees; plan two years, a third remitter or a UAE mortgage. The UAE charges no annual property tax and a residential resale does not attract VAT, while an Indian tax resident declares the rent and any gain in India.

For available units, the service-charge history and a viewing plan, talk to Realty Hunting.

Compare with other Dubai projects

Also in Palm Jumeirah: Palm Beach Towers (from AED 2 M, handover 2026), Ellington Beach House (from AED 4.8 M, ready), Luce Apartments (from AED 7 M, off-plan) and Ellington Ocean House (from AED 9.8 M, handover 2027). See every Palm Jumeirah project with prices and handover dates.

More by Nakheel: Nakheel Dragon Towers (from AED 449,000, ready), Jebel Ali Village Villas (from AED 6.1 M, ready) and Jumeirah Islands Townhouses (from AED 6.3 M, ready).

A similar budget elsewhere in Dubai: Emaar Creek Rise (from AED 2,100,000, ready), Mansory Residences (from AED 2.1 M, handover 2028) and Samana Ocean Bay (from AED 2,100,000, handover 2028).

Read next: Property for Sale on Palm Jumeirah: Prices and Returns · Dubai Rental Yields by Area, Gross and Net · Resale Property in Dubai: Costs, Checks and When It Beats Off-Plan · The Dubai Golden Visa Through Property. Every Dubai project we track is listed on the Dubai section.