The Fairmont Palm Residence North
4 BR · Penthouse
Where it is
The pin is placed by district — I send the exact address on request.
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 NP4-551946
How much is this 4-bedroom penthouse in The Fairmont Palm Residence North?
Lot NP4-551946 is priced at AED 16 000 000, about $4 357 000. The size is 4 976 sq ft (462 m²), which works out at AED 3 215 per sq ft.
How much has the price of this lot been cut?
The price before the cut was AED 17 000 000; it is now AED 16 000 000 — AED 1 000 000 less, or 6%.
Is this expensive or cheap for Palm Jumeirah?
The database holds 226 lots in Palm Jumeirah, starting from AED 1 220 000. The area median is AED 4 224 per sq ft; this lot, at AED 3 215, is 24% below it. 35 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.
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 30%, here AED 4 800 000; a loan of AED 11 200 000 over 25 years at 3.75–4.99% a year comes to roughly AED 57 600–65 400 a month. A non-resident puts down from 40% (AED 6 400 000) and pays about AED 49 400–56 100 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 640 000 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 16 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →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 NP4-551946 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: The Fairmont Palm Residence North
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