Photos and renders of the building and grounds — not of this particular unit.
Five Palm (rent)
4 BR · Apartment
About the building
A hotel residence in Palm West Beach, completed in 2016. Developer — Skai Holdings. Architect — P&T Architects & Engineers Ltd.
What the building has
- Swimming pool
- Gym
- Spa and sauna
- 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 NP6-107758
How much is this 4-bedroom apartment in Five Palm (rent)?
Lot NP6-107758 is priced at AED 1 250 000, about $340 000. The listing does not state a size, so no price per square foot is given.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price.
What are prices like in Palm Jumeirah?
The database holds 246 lots in Palm Jumeirah, starting from AED 1 250 000. The area median is AED 4 224 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 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?
The listing gives no handover date. The project passport gives 2016 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 250 000; a loan of AED 1 000 000 over 25 years at 3.75–4.99% a year comes to roughly AED 5 100–5 800 a month. A non-resident puts down from 40% (AED 500 000) and pays about AED 3 900–4 400 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 50 000 for this lot. 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 the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 750 000 short of the 10-year Golden Visa, granted from AED 2 000 000. 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 Five Palm (rent)?
The developer is Skai Holdings. Completion year: 2016. Figures are from the project passport: Propsearch and the Dubai Land Department.
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 NP6-107758 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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