Distress Deal
This unit has sold and is no longer available. The page is kept as a record of a deal we transacted. Every figure on it — the asking price, the discount to original price and the payment schedule — is the position as listed on 23 June 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.
On this page
The numbers
| UNIT PRICE | AED 6,000,000 |
| Payment to seller | AED 6,000,000 |
| DLD Transfer fee 4% + 40 AED | AED 240,040 |
| DLD Registration Trustee fee + 5%VAT | AED 5,250 |
| Buyer's agent comission 2% + 5%VAT | AED 126,000 |
| Total on Transfer | AED 6,371,290 |
| Total remaining Payment Plan | AED 0 |
| TOTAL COST FOR BUYER | AED 6,371,290 |
Photography
Distress Deal
This is a 3-bedroom plus maid’s apartment in Five Palm Jumeirah, offered as a distress deal at AED 6,000,000. The reference market price is AED 6,850,000, so the current ask reflects a 12.4% discount, or AED 850,000 below the market benchmark. The apartment covers 2,325 sq.ft, which equates to an entry basis of AED 2,581 per sq.ft. It is fully furnished, ready and vacant, with a balcony and a mix of road and sea views from a mid-level floor (levels 7 to 11). The immediate investment thesis is clear: this is not an off-plan or speculative position, but a completed, operational Palm Jumeirah asset with live rental and resale potential. The buyer is acquiring a furnished, ready-to-use Palm address with no handover or completion risk, and a visible discount to current market levels.
Five Palm Jumeirah is positioned on Palm West Beach, at the base of the Palm Jumeirah trunk. This location offers practical access to and from the mainland, unlike properties deeper into the fronds or crescent, which can be more isolated. The address connects efficiently to Dubai Marina, Media City, JBR, and Sheikh Zayed Road via the Palm trunk road network. Taxis and ride-hailing services are the main day-to-day transport options, supporting both residents and short-stay guests. For investors, this accessibility broadens the tenant pool, appealing to corporate tenants, families relocating to Dubai, and lifestyle-focused residents who want the Palm brand without sacrificing city connectivity. The trunk location also supports resale liquidity, as buyers benefit from the Palm identity without the longer access times associated with more remote island positions.
Five Palm Jumeirah is a completed hotel and branded residential development by Skai Holdings. The project combines hotel rooms, suites, and furnished residences, and is recognised for its high-amenity hospitality environment. Facilities include multiple restaurants, a beach club, spa, three outdoor swimming pools, and a large indoor fitness centre. The building’s active lifestyle setting is a key differentiator, offering a service-led environment rather than a quiet residential tower. The surrounding infrastructure is mature, with Palm West Beach, Nakheel Mall, Golden Mile retail, Dubai Marina, and JBR all nearby. This supports demand for furnished Palm apartments from both short-stay and long-term tenants. The project suits buyers seeking an asset linked to Dubai’s leisure economy, with enough residential depth to support conventional letting and eventual resale.
At AED 2,581 per sq.ft, this unit should be compared to Palm Jumeirah’s furnished apartment market, rather than generic Dubai apartment stock. The ready status, furnished condition, and view mix are important, as Palm buyers and tenants place a premium on convenience, usability, and lifestyle credibility. Larger three-bedroom units in branded or hospitality-led buildings tend to attract a more international buyer base, particularly where the product can support immediate leasing. Recent transactions in the building show a range of achieved prices, with some larger units trading at higher per-square-foot levels, though exact comparables will vary by view, floor, and layout. The key underwriting question is whether the discount leaves enough room after accounting for service charges, furnishing wear, agency costs, and vacancy assumptions. A disciplined investor would likely underwrite a mid-single-digit gross yield, rather than assuming aggressive short-stay performance. The stronger case is that the buyer secures a recognised Palm address, a furnished and ready layout, and a discount to the stated market reference, all in a building with established visibility and operational track record.
This opportunity is best suited to an investor seeking immediate Palm Jumeirah exposure, rather than a construction-stage or off-plan position. The pricing is visibly below the market reference, the unit is ready and vacant, and the furnished three-bedroom plus maid’s layout offers practical rental depth. The main risks are transparent: operating costs, building intensity, and view-specific competition should be carefully evaluated. If those factors are acceptable, this is a straightforward income-led Palm acquisition at a cleaner entry basis than comparable furnished stock in the same corridor. The asset is better understood as a branded lifestyle investment, where liquidity, rentability, and resale demand are driven by the Palm location, hospitality facilities, and immediate usability. The discount is meaningful, provided the service charge position and view quality are confirmed prior to exchange.
Illustrative model
Set your own assumptions and see how DISTRESS DEAL: 3-BR + MAID - FIVE PALM JUMEIRAH behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
Enter the asking price to run the model.
Every figure recalculates as you type. Use the price you are actually considering.
An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.
Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell’s Realty is a trading brand; the RERA-licensed entity is The Luxury Real Estate Brokers LLC.
FIVE PALM JUMEIRAH — Palm Jumeirah, Dubai
