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PAYMENT PLAN
UNIT PRICE | AED 3,900,000 |
PAYMENTS ON TRANSFER
1. Payment to seller | AED 2,192,480 |
2. DLD Transfer fee 4% + 40 AED | AED 156,040 |
3. DLD Registration Trustee fee + 5% VAT | AED 5,250 |
4. Buyer's agent commission 2% + 5% VAT | AED 81,900 |
PAYMENT PLAN SCHEDULE
On Handover | AED 1,707,520 |
SUMMARY
Total on Transfer | AED 2,435,670 |
Total remaining Payment Plan | AED 1,707,520 |
TOTAL COST FOR BUYER | AED 4,143,190 |
PROJECT DESCRIPTION
OVERVIEW
Palm Beach Towers is a multi-building residential and mixed-use development located on Palm Jumeirah in Dubai, United Arab Emirates. The complex occupies a strategic position at the entrance of Palm Jumeirah where the trunk meets the mainland. The development comprises three individual high-rise towers constructed above an existing podium structure that incorporates the Palm Monorail station and a large multi-level parking facility. Palm Beach Towers forms part of a wider waterfront zone linking Palm Jumeirah with Dubai Marina, Dubai Media City and Al Sufouh.
LOCATION & TRANSPORT
The development is situated directly at the gateway to Palm Jumeirah, the large palm shaped artificial island extending into the Arabian Gulf. The site lies on the trunk of the island close to the Palm Jumeirah interchange that connects with Sheikh Zayed Road, the principal north south highway of Dubai. This location provides direct road access to several major commercial and residential districts in the city.
AMENITIES & SURROUNDING
The development includes a range of shared facilities located across podium and tower levels. Proposed amenities include a residents lounge, gymnasium, spa, infinity swimming pool, indoor and outdoor play areas for children, yoga spaces and a multipurpose event room. Additional features include retail outlets and cafe space positioned within podium plazas that connect to the surrounding promenade areas at the base of the complex. A landscaped podium deck provides pool and sports facilities together with open recreation areas positioned above the monorail station structure.
MARKET
Palm Beach Towers is designed as a complex consisting of three separate residential towers known as Palm Beach Towers Residences 1, Palm Beach Towers Residences 2 and Palm Beach Towers Residences 3. The towers rise to approximately 51 storeys, 49 storeys and 61 storeys respectively. The development contains an estimated 1,265 residential units including one bedroom, two bedroom and three bedroom apartments as well as duplex units. The towers are constructed above a podium which integrates the Palm Monorail station along with a parking structure containing approximately 4,000 parking spaces. Above the podium level a landscaped deck includes leisure facilities, sports areas and approximately 8,600 square feet of retail space designed to serve both residents and visitors. Construction activity for the project originally commenced in 2007 under the earlier name The Palm Gateway.
CONCLUSION
Palm Beach Towers is designed as a complex consisting of three separate residential towers known as Palm Beach Towers Residences 1, Palm Beach Towers Residences 2 and Palm Beach Towers Residences 3. The towers rise to approximately 51 storeys, 49 storeys and 61 storeys respectively. The development contains an estimated 1,265 residential units including one bedroom, two bedroom and three bedroom apartments as well as duplex units.