−6% The Palm Tower
1 BR · Apartment · 2 bathrooms
Price history
Listed since 29 September 2026. The price has been cut once — dates and figures from the listing itself.
- 9 October 2026 AED 4 000 000
- 19 October 2026 AED 3 750 000 -6%
About the building
52-storey mixed-use complex in Palm Jumeirah, completed in 2021. Developer — Nakheel. Architect — RSP Architects Planners & Engineers.
What the building has
- Swimming pool
- Shops
- Restaurants
Where it is
Palm Jumeirah
The palm-shaped island: villas on the fronds, apartments along the trunk, resorts around the crescent.
- short-let income
- beachfront living
- capital preservation
What to check: Confirm in writing that the specific building permits holiday lets before you underwrite any short-let income, and model summer and winter occupancy separately — beach-driven demand falls sharply from June to September.
Full district guide →Questions and answers about lot NP4-522417
How much is this 1-bedroom apartment in The Palm Tower?
Lot NP4-522417 is priced at AED 3 750 000, about $1 021 000. The size is 1 058 sq ft (98 m²), which works out at AED 3 544 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 4 000 000 to AED 3 750 000: AED 250 000 less, or 6%. It was cut once. On the market since 29 September 2026.
Is this expensive or cheap for Palm Jumeirah?
The database holds 210 lots in Palm Jumeirah, starting from AED 1 220 000. The area median is AED 4 146 per sq ft; this lot, at AED 3 544, is 15% below it. 27 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Palm Jumeirah area guide →Is the property ready or still under construction?
According to the listing, the property is ready. The project passport gives 2021 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 20%, here AED 750 000; a loan of AED 3 000 000 over 25 years at 3.75–4.99% a year comes to roughly AED 15 400–17 500 a month. A non-resident puts down from 40% (AED 1 500 000) and pays about AED 11 600–13 100 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 150 000 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 3 750 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about The Palm Tower?
The building has 52 floors and 722 units. The developer is Nakheel. Completion year: 2021. Figures are from the project passport: Propsearch and the Dubai Land Department.
The Palm Tower project page →What does the seller say about the property itself?
From the listing: bathrooms — 2.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP4-522417 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: The Palm Tower
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