AED 2,900,000 was AED 4,680,000
| Deal type | Below OP |
| Price | AED 2,900,000 |
| Original price | AED 4,680,000 |
| Saving | AED 1,780,000 (38%) |
| Bedrooms | 1 |
| Size | 857 sq.ft |
| Type | Apartment |
| Status | Ready |
| Developer | Ifa Hotels Resorts |
| Area / Master development | Palm Jumeirah |
| Sub-community / Phase | The Crescent |
| Community | Palm Jumeirah |
This furnished 1 bedroom apartment in The 8, Palm Jumeirah is asking AED 2,900,000, which the agent states is 38% below the original purchase price of approximately AED 4,680,000. The unit provides 857 sq.ft at AED 3,384 per sq.ft. The agent describes this as the cheapest unit currently available in the project. The apartment is not hotel-managed, meaning the buyer has full independent control without Delano hotel management obligations. The building was completed in August 2019 and the unit is ready to move in.
The agent states the asking price of AED 2,900,000 is 38% below the original purchase price, placing the OP at approximately AED 4,680,000 and the saving at approximately AED 1,780,000. Metropolitan Premium Properties reports the average launch price for The 8 at AED 4.1 million, which is broadly consistent with the stated OP for this unit. Other launch price references range from AED 3,400,000 to AED 4,100,000 depending on the source and unit type.
A 38% discount represents one of the deepest below-OP reductions typically seen on Palm Jumeirah. The discount reflects the gap between launch-era pricing from 2014 and the building's current market positioning following its completion in 2019. Buyers who purchased during the early construction phase paid prices that did not account for the subsequent market correction.
The original price should be verified against the seller's SPA before any transaction. The exact floor, view, and unit number should also be confirmed.
The 8 is a mixed-use building incorporating the Delano Dubai hotel on its lower floors alongside independent residential apartments. Some units in the building are part of a hotel-managed pool, where the hotel operator manages the apartment as part of its room inventory. These hotel-managed units carry management fees, usage restrictions, and revenue-sharing arrangements.
This unit is expressly NOT hotel-managed. The buyer acquires a standard freehold residential apartment with full control over personal use, long-term leasing, or short-term rental without hotel management obligations or recurring hotel fees. This distinction is significant for both lifestyle buyers and investors, as it affects running costs, usage flexibility, and resale positioning.
The 8 is an eight-storey mixed-use building on The Crescent, Palm Jumeirah, developed by Ifa Hotels Resorts through its subsidiary C Fourteen. The architecture draws inspiration from Miami's South Beach, featuring lightweight facades, open-space balconies, and a lobby designed by Kenzo Maison. The building houses 1, 2, and 3 bedroom apartments alongside townhouses, duplex penthouses, and a presidential suite.
Interiors feature natural stone flooring, high-quality wall finishes, and contemporary design elements. Each apartment includes a service room with its own full bathroom and a guest powder room. The building offers a private beach, swimming pool, gymnasium, spa and wellness centre, concierge, valet parking, and landscaped gardens. Dining options within the complex include signature restaurants.
The 8 sits on The Crescent, the arc-shaped breakwater that encloses the Palm Jumeirah trunk. The Crescent is home to some of Palm Jumeirah's most recognised hotel and residential developments. From The 8, key destinations include Dubai Mall (approximately 17 minutes by car), Palm Jumeirah Monorail, Nakheel Mall, The Pointe, and Atlantis The Palm. Dubai Marina and JBR are approximately 9 minutes away, and Burj Al Arab approximately 14 minutes.
The bedroom count, size, furnished status, non-hotel-managed status, and asking price are sourced from the agent's resale brief received on 14 August 2026. The agent states the price is 38% below OP; the original price of approximately AED 4,680,000 is derived from this percentage and should be verified against the seller's SPA. The claim of being the cheapest unit in the project has not been independently verified. The bathroom count, floor, view, and parking allocation were not stated and have been omitted. Stable project facts are drawn from the Propsearch building guide, Metropolitan Premium Properties, and Property Finder. Buyers should verify the original price, the non-hotel-managed status on the title deed, inspect the furnishing, and obtain independent legal advice before proceeding.
The asking price is AED 2,900,000. This is a furnished 1 bedroom apartment with 857 sq.ft in The 8, an eight-storey residential building on The Crescent, Palm Jumeirah. The agent states this is the cheapest unit currently available in the project.
The agent states the asking price is 38% below the original purchase price, placing the OP at approximately AED 4,680,000. This represents a saving of approximately AED 1,780,000. Metropolitan reports the average launch price for The 8 at AED 4.1 million, consistent with the stated OP range. The exact original price should be verified against the seller's SPA.
Based on a size of 857 sq.ft and an asking price of AED 2,900,000, the rate is approximately AED 3,384 per sq.ft. Palm Jumeirah 1 bedroom apartments generally start from AED 2.5 million to AED 3 million.
The 8 is a mixed-use building that includes the Delano Dubai hotel on its lower floors and residential apartments above. Some residential units in the building are part of the hotel-managed pool, meaning they are operated as hotel apartments with associated management fees and usage restrictions. This unit is NOT hotel-managed, meaning the buyer has full independent control over the apartment for personal use, long-term rental, or short-term rental without hotel management obligations or fees.
The 8 is an eight-storey mixed-use building on The Crescent, Palm Jumeirah, developed by Ifa Hotels Resorts through its subsidiary C Fourteen. The building is architecturally inspired by Miami's South Beach, featuring open-space balconies and a lobby designed by Kenzo Maison. It houses the Delano Dubai hotel, serviced hotel apartments, and independent residential apartments across 1, 2, and 3 bedroom configurations plus townhouses and penthouses. The interiors feature natural stone flooring and high-quality wall finishes. Construction began in October 2014 and was completed in August 2019.
Yes. The agent states this apartment is furnished. The specific furniture and fittings should be inspected as part of the buyer's due diligence.
The 8 experienced a prolonged construction period from 2014 to 2019, which coincided with a significant correction in Dubai property prices. Units purchased at pre-2014 prices or during the early construction phase carried premium launch-era pricing that exceeded market values when the building was eventually completed. A 38% discount from the original purchase price reflects the gap between launch-era pricing and current market positioning. This is a seller-specific distress exit, not an indication of the building's quality.
Buyers should verify the original purchase price and the 38% discount against the seller's SPA, confirm the unit is genuinely not hotel-managed by checking the title deed and any management agreements, inspect the furnishing and condition, confirm the service charge structure, verify there are no outstanding developer or service charge liabilities, and obtain independent legal advice before proceeding.
Buyer costs
Dubai transfer costs for an ready unit. Every figure editable — NOC is set by the developer and varies.
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Total cost
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Full payment schedule and unit details are released to qualified buyers on enquiry.
Indicative only and not a quotation. Excludes any balance payable to the developer, mortgage arrangement costs and service charges.
Finance
Indicative monthly repayment on a UAE bank mortgage.
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Indicative only, not an offer of finance and not advice. UAE loan-to-value caps depend on residency, property value and whether it is your first purchase, with tighter limits on off-plan. Rates move; confirm current terms with your bank or broker.
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