W Residences
3 BR · Apartment
About the building
Located in The Palm Crescent, completed in 2020. Developer — Al Mana Global and Al Shafar Investment. Architect — RMJM Dubai.
What the building has
- Swimming pool
- Gym
- Spa and sauna
- Restaurants
- Beach
- Park and landscaping
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 P3-145029
How much is this 3-bedroom apartment in W Residences?
Lot P3-145029 is priced at AED 45 000 000, about $12 253 000. The size is 5 399 sq ft (502 m²), which works out at AED 8 335 per sq ft.
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. The comparisons below show how that price sits against the market.
How does this price compare with other lots in W Residences?
The database holds 5 lots in W Residences right now, from AED 45 000 000 to AED 55 000 000. 3 of them share this type and bedroom count: this lot is the cheapest. At AED 8 335 per sq ft this lot is 10% above the median for the other lots in the project (AED 7 608).
Is this expensive or cheap for 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, at AED 8 335, is 97% above 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 2020 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 30%, here AED 13 500 000; a loan of AED 31 500 000 over 25 years at 3.75–4.99% a year comes to roughly AED 162 000–184 000 a month. A non-resident puts down from 40% (AED 18 000 000) and pays about AED 138 800–157 700 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 1 800 000 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 45 000 000. 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 W Residences?
The building has 7 floors. Completion year: 2020. 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 P3-145029 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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