1BR in The 8, Palm Jumeirah, 24.9% Below OP, Fully Furnished, Marina Skyline View

Property Overview

A fully furnished 1BR apartment in The 8 on Palm Jumeirah, offered at AED 3,025,000. The unit spans 857 sqft at AED 3,530 per sqft, with Palm marina skyline views. The asking price is 24.9% below the original purchase price of AED 4,030,000, a saving of AED 1,005,000. The agent describes a motivated seller and confirms the unit is not under hotel management.

Property Highlights

• Type: Apartment, 1 bedroom
• Size: 857 sqft
• Asking price: AED 3,025,000 (AED 3,530/sqft)
• Original price: AED 4,030,000 (AED 4,702/sqft)
• Discount: 24.9% below OP (AED 1,005,000 saving)
• Furnishing: Fully furnished
• View: Palm marina skyline
• Unit series: 08
• Hotel management: Not under hotel management (per agent)
• Status: Ready (completed 2019)

Why the Price Qualifies as Below OP

The agent states an original purchase price of AED 4,030,000. At the asking price of AED 3,025,000, the buyer saves AED 1,005,000, a discount of 24.9%. The agent describes the seller as motivated.

For context, DLD transactions for 1BR units in The 8 during 2026 show:

• February 2026: 855 sqft at AED 3,296,000 (AED 3,854/sqft, hotel apartment)
• February 2026: 845 sqft at AED 3,244,500 (AED 3,839/sqft, hotel apartment)
• March 2026: 921 sqft at AED 3,300,000 (AED 3,585/sqft, apartment)
• July 2026: 846 sqft at AED 2,500,000 (AED 2,953/sqft, hotel apartment)

The February 2026 transactions for similar-sized units (845-855 sqft) recorded AED 3,244,500 to AED 3,296,000, both higher than this listing. This suggests the asking price is competitive relative to recent transacted values for comparable units.

However, the July 2026 transaction recorded a significantly lower AED 2,500,000 for an 846 sqft unit. This could represent another distressed sale or a unit with different characteristics (lower floor, different view, hotel-managed). Buyers should investigate whether the July transaction is a relevant comparable.

Hotel Management Classification

The 8 development includes both residential apartments and hotel-managed units. The Delano Dubai Hotel operates within the development. DLD registers many units in The 8 as hotel apartments, which carry different service charge structures, mortgage eligibility rules and usage restrictions compared to standard residential apartments.

The agent states this particular unit is not under hotel management. Buyers should verify the title deed classification, as hotel apartment designation affects financing options (some banks apply different LTV ratios), subletting rules and service charges. Service charges in The 8 are reported at approximately AED 25.97 per sqft.

About The 8

The 8 is an 8-storey low-rise residential and hospitality development by IFA Hotels & Resorts, located on the West Crescent of Palm Jumeirah. Completed in 2019, it comprises residential apartments (1 to 3 bedrooms), townhouses, penthouses and a hotel component. The development is furnished by Kenzo Maison for hotel-managed units and features beachfront access on the Palm.

IFA Hotels & Resorts is a Kuwait-headquartered hospitality group that develops and manages premium hotels and residential properties across the region.

Location and Connectivity

The West Crescent of Palm Jumeirah offers proximity to Nakheel Mall (approximately 10 minutes by car), Dubai Marina and JBR (approximately 15-20 minutes) and Downtown Dubai (approximately 25 minutes). The development has direct beach access and views toward the Palm marina and Dubai skyline.

Verification Notes

• The asking price of AED 3,025,000, original price of AED 4,030,000, size of 857 sqft, fully furnished status, 08 series designation, Palm marina skyline view and not-under-hotel-management claim are from the agent brief.
• Price per sqft (AED 3,530), savings amount (AED 1,005,000) and savings percent (24.9%) are calculated from stated figures. The agent claimed 25%; the calculated discount is 24.9%.
• DLD transaction data sourced from Property Finder (Feb-Jul 2026). Most 1BR units in The 8 are classified as hotel apartments in DLD records.
• The not-under-hotel-management claim should be verified against the title deed. DLD classification as hotel apartment or residential apartment has implications for financing and usage.
• The original purchase price of AED 4,030,000 (AED 4,702/sqft) is high relative to DLD transacted values. This may reflect a premium launch price from IFA. The discount from OP is genuine, but buyers should benchmark against current market transactions rather than OP alone.
• Buyers should verify furnishing condition, service charges and any hotel pool or shared-revenue arrangements tied to the unit.