AED 15,900,000
| Deal type | Below DLD Transacted |
| Price | AED 15,900,000 |
| Saving | AED 525,000 (3.2%) |
| Bedrooms | 2 |
| Bathrooms | 3 |
| Size | 1830 sq.ft |
| Type | Apartment |
| Status | Off-Plan |
| Developer | Emerald Palace Group |
| Area / Master development | Palm Jumeirah |
| Sub-community / Phase | The Crescent |
| Community | Palm Jumeirah |
This fully furnished and upgraded 2-bedroom residence in Raffles The Palm on Palm Jumeirah is listed at AED 15,900,000. The unit spans 1,830 sq ft with 3 bathrooms and offers full panoramic sea views through floor-to-ceiling windows. It is part of an exclusive hotel-to-residence conversion concept within the Raffles 5-star resort, and a flexible payment plan is available. The asking price is AED 525,000 below the most recent DLD sale for a 2-bedroom in the building and significantly below all current active listings.
The most recent DLD-recorded sale for a 2-bedroom unit in Raffles The Palm Dubai was completed on 15 April 2026 (Transaction ID 1-11-2026-13539). That transaction recorded a sale price of AED 16,425,000 for a unit of 2,387 sq ft, at a rate of AED 6,882 per sq ft.
This listing at AED 15,900,000 for a 1,830 sq ft unit is AED 525,000 below the DLD transaction in total price, a 3.2% reduction. However, the two units differ in size (1,830 sqft vs 2,387 sqft), and on a per-square-foot basis, this listing is higher at AED 8,689 compared to AED 6,882. The total price comparison is valid but the size difference is a material limitation of this benchmark.
As additional and important context, all currently active 2-bedroom listings in Raffles The Palm are priced significantly higher. The next cheapest active 2-bedroom is a penthouse at AED 18,600,000 for 2,102 sq ft. Other listings reach AED 25,200,000 for larger configurations. The Property Finder 12-month average asking price for furnished 2-bedroom apartments in Raffles The Palm is AED 19,683,418 at AED 8,027 per sq ft. At AED 15,900,000, this unit is approximately AED 3.78M below that average, positioning it as the most competitively priced 2-bedroom in the building by a wide margin.
Raffles The Palm is a luxury branded residence on The Crescent of Palm Jumeirah, developed by Emerald Palace Group. The property was originally built as the Emerald Palace Kempinski Hotel, a neoclassical seven-storey building designed with Palladian domes and premium European materials including Rosa Portogallo marble columns and Swarovski crystal chandeliers. The building is now being converted into branded residences under the management of Raffles Hotels and Resorts, part of the Accor group.
The conversion transforms former hotel suites into fully furnished residential units with freehold ownership. Residents retain access to the full suite of Raffles 5-star hotel services and amenities, creating a hospitality-integrated lifestyle.
Residents have access to a comprehensive Raffles resort amenity package. The complex features a 500-metre private beach, landscaped swimming pools, a world-class spa, state-of-the-art gymnasium, private cinema, fine dining restaurants and lounges. Exclusive services include Raffles butler service, personal chef, concierge, housekeeping, valet parking, personal shopper and hair and beauty services. Business facilities include a ballroom, meeting rooms, exhibition spaces and a library.
Raffles The Palm is situated on The Crescent of Palm Jumeirah, the curved breakwater surrounding the outer edge of the island. The property offers views across the Arabian Gulf toward the Dubai coastline. Palm Jumeirah connects to the mainland via the trunk road leading to Sheikh Zayed Road, with Nakheel Mall, The Pointe and Dubai Marina all accessible within minutes.
The asking price of AED 15,900,000, bedroom count, 3 bathrooms, built-up area of 1,830 sq ft, furnished and upgraded status, full sea views, payment plan availability and hotel-to-residence conversion concept are all sourced from the agent brief dated 15 September 2026. The price per square foot of AED 8,689 is calculated from these figures. Parking allocation was not specified in the brief.
The DLD benchmark transaction of AED 16,425,000 for a 2-bedroom, 2,387 sqft unit in Raffles The Palm Dubai dated 15 April 2026 is sourced from Dubai Land Department records accessed via Propsearch on 15 September 2026 (Transaction ID 1-11-2026-13539). The savings calculation of AED 525,000 (3.2%) compares total prices; per-sqft rates differ due to the size difference between the two units.
Active listing data and the 12-month average price are sourced from Property Finder, accessed 15 September 2026. Project-level facts about Raffles The Palm, Emerald Palace Group and the hotel-to-residence conversion are sourced from developer communications, Betterhomes listing descriptions and published press records.
This listing is classified as a draft. No property images have been supplied. Actual photography is required before publication.
The asking price is AED 15,900,000 for a fully furnished and upgraded 2-bedroom residence with 3 bathrooms spanning 1,830 sq ft. The rate is approximately AED 8,689 per sq ft. The unit offers full panoramic sea views and a flexible payment plan is available.
The most recent DLD-recorded sale for a 2-bedroom unit in Raffles The Palm Dubai was completed on 15 April 2026 at AED 16,425,000 for a 2,387 sq ft unit. This listing at AED 15,900,000 is AED 525,000 below that transaction in total price. The DLD transaction involved a larger layout (2,387 sqft vs 1,830 sqft), so the per-square-foot rates differ. The total price comparison favours this listing, though buyers should consider the size difference.
As of September 2026, other 2-bedroom units in Raffles The Palm are listed between AED 18,600,000 and AED 25,200,000 on major property portals. The Property Finder 12-month average asking price for furnished 2-bedroom apartments is AED 19,683,418. At AED 15,900,000, this unit is the lowest priced 2-bedroom in the building by a significant margin.
Raffles The Palm is a luxury hotel-to-residence conversion on The Crescent of Palm Jumeirah, developed by Emerald Palace Group and managed by Raffles Hotels and Resorts (Accor). The property was originally the Emerald Palace Kempinski Hotel and is being converted into branded residences with full access to Raffles 5-star hotel services and amenities. The complex includes a 500-metre private beach, spa, fine dining, private cinema and extensive resort facilities.
The Raffles The Palm residences are former hotel suites being converted into fully furnished, upgraded residential units with freehold ownership. Upon completion, residents will have access to Raffles 5-star hotel services including butler service, concierge, housekeeping, chef and valet. The unit will be delivered as a turnkey furnished residence.
Yes, the agent confirms a flexible payment plan is available. The standard structure reported for Raffles The Palm is 10% on reservation and 90% upon title transfer plus 4% DLD fees. Buyers should confirm the exact payment terms directly with the seller or developer.
The agent describes full panoramic sea views. Raffles The Palm is positioned on The Crescent of Palm Jumeirah, offering views across the Arabian Gulf. The neoclassical building features floor-to-ceiling windows designed to frame the waterfront panorama.
The benchmark is a DLD-recorded sale completed on 15 April 2026 for a 2-bedroom unit of 2,387 sq ft at AED 16,425,000. This listing is for a smaller 1,830 sq ft unit at AED 15,900,000. The total price is lower, but the per-square-foot rate is higher (AED 8,689 vs AED 6,882). The size difference limits direct comparability. However, this listing is also well below all current active 2-bedroom listings in the building (AED 18.6M to AED 25.2M) and below the PF 12-month average of AED 19.68M, which strengthens the below-market positioning regardless of layout differences.
Buyer costs
Dubai transfer costs for an off-plan unit. Every figure editable — NOC is set by the developer and varies.
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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
Off-plan: UAE lenders generally finance at handover. Plan the position you will be in.
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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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