The Fairmont Palm Residence North
1 BR · Apartment · 2 bathrooms
Price history
Listed since 2 October 2026. The price has been cut once — dates and figures from the listing itself.
- 17 October 2026 AED 2 900 000
- 28 October 2026 AED 2 700 000 -7%
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 NP4-562039
How much is this 1-bedroom apartment in The Fairmont Palm Residence North?
Lot NP4-562039 is priced at AED 2 700 000, about $735 000. The size is 1 345 sq ft (125 m²), which works out at AED 2 007 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 2 900 000 to AED 2 700 000: AED 200 000 less, or 7%. It was cut once. On the market since 2 October 2026.
Is this expensive or cheap for Palm Jumeirah?
The database holds 224 lots in Palm Jumeirah, starting from AED 1 220 000. The area median is AED 4 190 per sq ft; this lot is at AED 2 007. A gap that wide usually means an error in the listing rather than a real price difference — I will check it when you ask. 33 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 20%, here AED 540 000; a loan of AED 2 160 000 over 25 years at 3.75–4.99% a year comes to roughly AED 11 100–12 600 a month. A non-resident puts down from 40% (AED 1 080 000) and pays about AED 8 300–9 500 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 108 000 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 2 700 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →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 NP4-562039 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
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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