2BR in The 8, Palm Jumeirah, 20% Below OP, Fully Furnished, Marina Skyline View

Property Overview

A fully furnished 2BR apartment in The 8 on Palm Jumeirah, offered at AED 4,189,000. The unit spans 1,215 sqft at AED 3,448 per sqft, with Palm marina skyline views. The asking price is 20% below the original purchase price of AED 5,236,250, a saving of AED 1,047,250. The agent describes a motivated seller and confirms the unit is not under hotel management.

Property Highlights

• Type: Apartment, 2 bedrooms
• Size: 1,215 sqft
• Asking price: AED 4,189,000 (AED 3,448/sqft)
• Original price: AED 5,236,250 (AED 4,309/sqft)
• Discount: 20% below OP (AED 1,047,250 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 5,236,250. At the asking price of AED 4,189,000, the buyer saves AED 1,047,250, a discount of 20%.

DLD transaction data strengthens the value case. A July 2026 transaction for an identical 1,215 sqft 2BR unit in The 8 recorded AED 4,841,000 (AED 3,985/sqft). This listing is AED 652,000 below that recent transaction. Further context:

• July 2026: 1,215 sqft at AED 4,841,000 (AED 3,985/sqft, hotel apartment)
• May 2026: 1,224 sqft at AED 4,892,500 (AED 3,998/sqft, hotel apartment)
• March 2026: 1,241 sqft at AED 2,950,000 (AED 2,378/sqft, hotel apartment)
• February 2026: 1,335 sqft at AED 5,700,000 (AED 4,270/sqft, apartment)
• February 2026: 1,379 sqft at AED 6,662,040 (AED 4,830/sqft, hotel apartment)

Excluding the March 2026 outlier, 2BR transactions in The 8 have ranged from AED 3,985 to AED 4,830/sqft. This listing at AED 3,448/sqft is 13-14% below the most recent comparable transaction. The March 2026 transaction at AED 2,378/sqft appears to be an anomaly, possibly a distressed or related-party transfer.

Hotel Management Classification

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

The agent states this unit is not under hotel management. Buyers should verify the title deed classification. 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 4,189,000, original price of AED 5,236,250, size of 1,215 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 3,448), savings amount (AED 1,047,250) and savings percent (20.0%) are calculated from stated figures.
• DLD transaction data sourced from Property Finder (Feb-Jul 2026). A July 2026 transaction at the exact same 1,215 sqft recorded AED 4,841,000, confirming this listing is priced below recent market activity.
• Most 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.
• The original purchase price of AED 5,236,250 (AED 4,309/sqft) is within the range of recent DLD transactions, making this OP figure credible.
• Buyers should verify furnishing condition, service charges and any hotel pool or shared-revenue arrangements tied to the unit.