4 Bedroom Full-Floor Penthouse in Como Residences, Palm Jumeirah

Property Overview

This four-bedroom full-floor penthouse in Como Residences, Palm Jumeirah, is offered as a distress resale at AED 55,000,000. The agent compares this with the seller's original price plus DLD of AED 58,550,000, a gap of AED 3,550,000 or 6.1%. The 9,816 sq ft penthouse sits on a high floor with 360-degree sea views, 80% has been paid and handover is expected in Q3 2027.

Property Highlights

• Property type: Penthouse (full floor)
• Bedrooms: 4
• Built-up area: 9,816 sq ft
• Asking price: AED 55,000,000
• Original price including DLD: AED 58,550,000 (agent-stated)
• Saving vs OP plus DLD: AED 3,550,000 (6.1%)
• Estimated saving vs OP before DLD: approx. AED 1,298,077 (2.3%)
• Price per sq ft: approx. AED 5,603 (calculated)
• Floor: High floor, full floor (agent-stated)
• View: 360-degree sea view (agent-stated)
• Amount paid: 80% (agent-stated)
• Handover: Q3 2027 (agent-stated)
• Developer: Nakheel

Why the Price Qualifies as Below OP

The agent states the seller's original cost including the 4% DLD fee was AED 58,550,000 and that the asking price is AED 3.5 million below it. DPF's calculation gives AED 3,550,000, or 6.1%.

Removing the DLD fee gives an estimated original purchase price of approximately AED 56,298,077. Against that estimate, the asking price is about AED 1,298,077 or 2.3% lower, so the unit remains below OP on either measure, though the margin before DLD is modest.

Calculation

• AED 58,550,000 minus AED 55,000,000 = AED 3,550,000 (6.1% below OP plus DLD)
• AED 58,550,000 / 1.04 = approx. AED 56,298,077 estimated OP before DLD
• AED 56,298,077 minus AED 55,000,000 = approx. AED 1,298,077 (2.3% below estimated OP)
• AED 55,000,000 / 9,816 sq ft = approx. AED 5,603 per sq ft

The original price comes from the agent's resale brief. DPF has not reviewed the seller's SPA.

Payment Position

The agent states 80% has been paid. If that applies to the estimated pre-DLD price of AED 56,298,077, the seller has paid about AED 45,038,462 and around AED 11,259,615 remains payable to the developer. On that basis, a buyer would pay roughly AED 43,740,385 to the seller and take over the remaining balance. These are DPF estimates; buyers should confirm exact figures from the developer's statement of account.

About the Project, Developer and Community

Como Residences is a Nakheel residential tower on Palm Jumeirah, Dubai's palm-shaped island off the Jumeirah coast, known for its beachfront hotels, residences, dining and waterfront promenades.

Layout, Floor and View

The agent confirms a four-bedroom penthouse occupying a full high floor of 9,816 sq ft with 360-degree sea views. The exact floor, bathroom count, terrace or pool details and parking were not supplied and should be confirmed from the SPA and floor plan.

Handover

The agent lists handover as Q3 2027. Buyers should confirm the handover date, remaining balance and Nakheel's resale NOC requirements against the seller's SPA.

Verification Notes

• Agent-supplied facts: project, four bedrooms, 9,816 sq ft BUA, full floor, high floor, 360-degree sea view, OP plus DLD AED 58,550,000, asking price AED 55,000,000, AED 3.5M stated saving, 80% paid and Q3 2027 handover.
• Calculated by DPF: savings against OP plus DLD, estimated OP before DLD, price per sq ft and estimated paid and remaining amounts.
• External context: developer and community overview.
• Not supplied: exact floor, bathrooms, terrace and pool details, parking and service charge.