Off-Plan 2-Bedroom Apartment at SLS Residences The Palm, Palm Jumeirah — Below Market

Property Overview

This is an off-plan two-bedroom simplex apartment at SLS Residences The Palm by Roya Lifestyle Development on the West Crescent of Palm Jumeirah, Dubai. Measuring 1,655 sq ft, it is offered as a below-market distress sale at AED 7,800,000, or about AED 4,713 per sq ft, reportedly at the original 'first market' price. Handover is scheduled for Q4 2026.

Property Highlights

• Off-plan two-bedroom simplex apartment at SLS Residences The Palm
• 1,655 sq ft with a large terrace
• Offered at the original 'first market' price (below-market entry; comparable to be logged)
• SLS/Ennismore-branded residence next to the W Dubai hotel
• Asking price of AED 7,800,000 (approximately AED 4,713 per sq ft); handover Q4 2026

Deal Classification and Pricing

This is a distress listing classified as Below Market on the agent's and DPF operator's assessment. Against the size of 1,655 sq ft, the asking price works out to about AED 4,713 per sq ft. A specific dated market comparable was not included in the written brief and is to be recorded on DPF's evidence file; a specific savings percentage is therefore not stated. The "first market price" claim suggests the unit is offered at the original developer launch price (two-bedroom simplexes launched from around AED 7M), which would sit below current resale levels if the project has appreciated; a current dated resale comparable should be logged to substantiate this. The agent markets the unit as a "distress deal" at "first market price" — agent-supplied claims to be verified.

Layout

The brief describes a two-bedroom simplex apartment of 1,655 sq ft. This size is at or just below the cited SLS two-bedroom minimum (around 1,670 sq ft), so the exact built-up area should be confirmed. View, bathroom count, parking and furnishing were not supplied and should be confirmed; the project is delivered unfurnished with large terraces as standard. To keep this listing accurate, no unit-specific details beyond those supplied and standard project features have been added.

About SLS Residences The Palm, Palm Jumeirah and Roya

SLS Residences The Palm is an ultra-luxury, SLS/Ennismore-branded residential development by Roya Lifestyle Development on the West Crescent of Palm Jumeirah, next to the five-star W Dubai hotel. The nine-storey building holds a limited collection of 113 residences — two and three-bedroom simplexes, three and four-bedroom duplexes and penthouses, with 13 ground-floor residences with private gardens — all with large terraces and views of the Arabian Gulf, Burj Al Arab, Atlantis and the Dubai skyline. Amenities include private beach access and a beach club, an infinity pool, a clubhouse, a gym, yoga studios and a spa, a kids' club, a recording studio and entertainment zones, with SBE/Accor loyalty privileges. Construction began in August 2023, with handover scheduled for Q4 2026.

Payment Plan and Handover

This is an off-plan resale, so the buyer takes over the seller's position subject to Roya's transfer process and the signed SPA. The project was offered on a 60/40 plan (10% down); the amount paid to date, outstanding balance, transfer fees and exact handover for this unit should be confirmed. Handover is scheduled for Q4 2026.

Location and Connectivity

Palm Jumeirah is an iconic man-made island off Dubai Marina, with private beaches, resorts and dining, connected to Sheikh Zayed Road and the mainland. Specific drive times were not supplied and are not stated here to avoid unverified claims; buyers should confirm distances to their own key destinations.

Verification Notes

• Agent-supplied facts: two-bedroom apartment, 1,655 sq ft, off-plan, AED 7,800,000 asking price, a Q4 2026 handover, and 'distress deal' / 'first market price' claims.
• Deal classification: Below Market, kept on the agent's assessment; no comparable supplied, so no savings percentage is stated. The 'first market price' suggests the original developer price; log a current resale comparable.
• Calculated by DPF: an indicative AED 4,713 per sq ft from the asking price and stated size.
• Size: 1,655 sq ft is at/just below the cited SLS 2-bedroom minimum; confirm the exact area.
• Researched project facts: developer (Roya Lifestyle Development), SLS Residences The Palm 2-bedroom sizes, amenities and Q4 2026 handover were taken from market sources because the developer was not supplied.
• The agent's "Distress Deal | First Market Price" statement is preserved as an attributed agent marketing claim.