Palma Residences
About Palma Residences
Palma Residences, located on the iconic Palm Jumeirah in Dubai, is a testament to luxurious waterfront living. Developed by Nakheel Properties and completed in May 2015, this community comprises over 100 elegantly designed townhouses and villas, offering residents a blend of modern comfort and Mediterranean charm. The properties feature spacious living areas, well-equipped kitchens, and ensuite bedrooms, many with walk-in wardrobes and private balconies overlooking the sea. Situated on the eastern side of Palm Jumeirah, Palma Residences is strategically positioned for easy access to the mainland via the main trunk and Crescent Road, making it convenient for residents to access various amenities and services.
One of the standout features of Palma Residences is its beachfront location, providing direct access to the pristine beaches of Palm Jumeirah. Residents can enjoy a range of water activities, stroll along the promenade, or simply relax while taking in the stunning views of the Arabian Gulf. The community is also in close proximity to several 5-star hotels and resorts, including Atlantis, The Palm (Atlantis, The Palm) and Five Palm Jumeirah, which offer a plethora of dining, entertainment, and leisure options.
Security is a top priority at Palma Residences, with round-the-clock surveillance and secure access systems ensuring the safety and peace of mind of its residents. The community is designed with families in mind, offering a tranquil environment away from the hustle and bustle, yet close enough to Dubai’s vibrant lifestyle. The architecture of the villas, with their extensive use of glass and open spaces, allows for natural light and ventilation, creating a serene and inviting atmosphere.
For those interested in investing in Dubai’s real estate, Palma Residences presents an attractive opportunity. The properties are known for their high rental yields, with a reported ROI of up to 5.74% for 4-bedroom townhouses, and capital appreciation, making them a sound investment choice. Whether you’re looking for a permanent residence or a holiday home, Palma Residences offers a lifestyle that is both luxurious and convenient.
Project Highlights
Key features
Over 100 beachfront townhouses and villas
4 and 5-bedroom configurations
Contemporary design with glass facades and large balconies
Private beach access
Round-the-clock security
Family-friendly environment with vibrant nightlife
Proximity to 5-star resorts and amenities
Direct access to the beach and waterfront promenades
Market Trends & Living Insights
Real Estate Market Trends & Prices
The real estate market in Palma Residences remains highly sought-after, with limited rental availability due to most units already being occupied. Average annual rents are around AED 1,050,000 for 4-bedroom villas and AED 1,500,000 for 5-bedroom villas. However, recent rental transactions show a range of prices, with 5-bedroom villas being leased between AED 600,000 and AED 800,000. On the sales side, 5-bedroom villas average AED 38.36 million, while 4-bedroom and 5-bedroom townhouses are priced at around AED 11.25 million and AED 21.5 million respectively. Recent villa sales have ranged from AED 20 million to AED 23.5 million, reflecting the community’s premium status and ongoing buyer interest.
Popular Property Types & Layouts
The most popular property types in Palma Residences are 4 and 5-bedroom villas and townhouses. These properties are built over two floors and come in five different configurations, each offering spacious living areas, family lounges, well-equipped kitchens, powder rooms, and ensuite bedrooms with walk-in wardrobes. The villas are particularly favored for their beachfront locations and contemporary designs, with sizes starting from approximately 3,024 sq. ft.
Pros & Cons of Living in Palma Residences
Pros:
Prime location on Palm Jumeirah with direct beach access
Luxurious living with high-end amenities
Family-friendly environment with nearby schools and healthcare facilities
Close proximity to 5-star hotels, restaurants, and entertainment options
Strong rental yields and capital appreciation potential
Cons:
High cost of living and property prices
Limited rental options as most units are pre-occupied
Dependence on personal vehicles for transportation, although public transport options are available
Transportation & Parking
If you own a car, parking is convenient with at least two dedicated parking spaces provided with each residential property. Street parking is also available. For those who prefer public transportation, the Al Ittihad Park Monorail Station is just 5 minutes away by car, and the Palm Jumeirah Monorail connects key areas within Palm Jumeirah. To travel to the mainland, residents can take the monorail to Palm Jumeirah Monorail Station.
Public Transportation in Palma Residences
Al Ittihad Park Monorail Station: 5 minutes away by car
Palm Jumeirah Monorail: Connects key areas within Palm Jumeirah
Taxis and online cab services are readily available
Main roads: Access to King Salman Bin Abdul Aziz Al Saud Street (D94) for nearby areas like Dubai Marina and Dubai Media City
Amenities, Schools & Healthcare
Supermarkets Near Palma Residences
There are several renowned supermarket chains in the vicinity, making it convenient for residents to access daily necessities. Some of the popular options include:
Waitrose
Spinneys
Choithrams
VIVA Supermarket
These supermarkets are all within a 4 to 5-minute drive from Palma Residences. Additionally, there are other options like Quick Buy and allday fresh for more variety.
Mosques, Temples, and Churches in Palma Residences
Mosques: Residents have access to various options nearby. The Abdul Rahman Siddique Mosque is the closest mosque, located in Al Mirziban, Palm Jumeirah, and is just a 6-minute drive away.
Churches: The nearest option is Fellowship Dubai.
Temples: The Sikh community can visit Guru Nanak Darbar Gurudwara, which is about 14 minutes away via Sheikh Zayed Road (E11). Hindus can go to the Grand Hindu Temple in Jebel Ali, which is less than a 20-minute drive.
Nurseries, Schools, Higher Education in Palma Residences
Nurseries:
Asya’s Nursery
Redwood Montessori
Blossom Palm Jumeirah
Schools:
Kings’ School Dubai
Regent International School
GEMS Wellington International School
Higher Education:
Syrian Virtual University
Middlesex University Dubai
Michigan State University
Clinics and Hospitals Near Palma Residences
Healthcare facilities are also conveniently located near Palma Residences. Some of the clinics and hospitals include:
Emirates Hospitals & Clinics (located inside Golden Mile Galleria, 4 minutes away)
Al Das Medical Clinic (also inside Golden Mile Galleria)
Mediclinic Al Sufouh
American Hospital in Dubai Media City (10 minutes away)
Nearby Areas of Palma Residences
Palma Residences is strategically located on the eastern side of Palm Jumeirah, providing easy access to various key commercial and residential areas. Residents are just 5 to 6 minutes away from the entrance gates of Palm Jumeirah and can reach the opposite end of Crescent Road in about 20 minutes. Some of the notable nearby areas include:
Dubai Marina: 10 minutes away
Dubai Media City: 7 to 10 minutes away
Knowledge Village: 7 to 10 minutes away
Dubai Internet City: 7 to 10 minutes away
These areas are accessible via King Salman Bin Abdul Aziz Al Saud Street (D94), offering a wealth of shopping, dining, and entertainment options.
Lifestyle & Leisure in Palma Residences
Shopping Malls Near Palma Residences
Residents of Palma Residences have a variety of shopping options nearby. The Golden Mile Galleria, a community shopping center, is just a 6-minute drive away, offering a range of retail stores, supermarkets, and dining options. For a more extensive shopping experience, Dubai Marina Mall (Dubai Marina Mall) is only 8 minutes away, featuring numerous international brands, a cinema, and various entertainment activities.
Restaurants Near Palma Residences
Palm Jumeirah is a haven for food enthusiasts, with numerous restaurants catering to diverse tastes. Near Palma Residences, popular dining options include:
The Locale
Ella’s Eatery
Log & Embers
For fine dining, residents can explore the specialty restaurants at 5-star hotels such as Five Palm Jumeirah and Atlantis, The Palm. Atlantis, The Palm is particularly renowned for its celebrity kitchens and diverse dining experiences, including:
Saffron
Ossiano
En Fuego
Hakkasan
Wave House
Gordon Ramsay’s Bread Street Kitchen
Other Nearby Dining Options Near Palma Residences
Besides the hotels, there are casual dining spots and cafes scattered around Palm Jumeirah, perfect for relaxed meetups or family outings.
Beaches Near Palma Residences
Living in Palma Residences means having direct access to the beautiful beaches of Palm Jumeirah. Residents can enjoy the white sand and stunning waves right at their doorstep. For those who wish to explore other beaches, Sufouh Beach and JBR Beach are just a short drive away.
Leisure & Landmarks Near Palma Residences
Palm Jumeirah offers a plethora of leisure activities and notable landmarks. Some highlights include:
Atlantis, The Palm: A luxurious beach resort with attractions like Aquaventure Waterpark and Dolphin Bay.
Imperial Beach Club: A popular spot for beachgoers.
Palm Jumeirah Boardwalk: Ideal for leisurely strolls and enjoying the sea breeze.
Outdoor, Fitness & Beauty Near Palma Residences
For those who enjoy outdoor activities, Al Ittihad Park is a great option, featuring running tracks, coffee shops, and healthy eateries. Fitness enthusiasts can visit gyms like:
Fitness First
F45 Training
Chalk Training Ground
For beauty and relaxation, there are several salons and spas nearby, including:
Dial A Nail
The Loft Fifth Avenue
NStyle Beauty Lounge
These are all within 5 to 7 minutes drive from Palma Residences.
Community Events Near Palma Residences
Palm Jumeirah frequently hosts community events and festivals, ranging from beach parties like Aquaventure After Dark and Core Beats April to exclusive events at Nikki Beach Dubai. Residents can also enjoy promotions and events at local restaurants and hotels throughout the year.
Palma Residences Location
Frequently Asked Questions
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