AED 18,000,000 was AED 19,200,000
| Deal type | Below OP |
| Price | AED 18,000,000 |
| Original price | AED 19,200,000 |
| Saving | AED 1,200,000 (6.2%) |
| Bedrooms | 4 |
| Size | 4656 sq.ft |
| Type | Penthouse |
| Status | Ready |
| Developer | Al Fahim Group |
| Area / Master development | Dubai Media City |
| Sub-community / Phase | Avani Palm View Hotel & Suites |
| Community | Dubai Media City |
A 4-bedroom penthouse in Avani Palm View Hotel and Suites by Al Fahim Group, Dubai Media City at AED 18,000,000 for 4,656 sqft (plus 157 sqft balcony), equalling AED 3,866 per sqft. Below the stated original price of AED 19,200,000, saving AED 1,200,000 (6.2%). Reduced from a previous asking price of AED 22,000,000. High floor. Hotel-branded residence operated by Minor Hotels (Avani). Negotiable. Ready property (completed January 2021).
The agent brief states AED 18,000,000 and claims this is the lowest on market. However, the same penthouse (4,814 sqft total, same agent Mehrnoosh Babaei at fam Properties, ref AS-159644) was found actively listed at AED 17,000,000 on fam Properties as of October 2026. This is AED 1,000,000 below the quoted price. If this is the same unit, the actual current asking may be AED 17,000,000. Buyers should verify the current price directly with the agent.
At AED 18,000,000, the stated saving is AED 1,200,000 (6.2%) from the OP of AED 19,200,000. At the fam Properties listed price of AED 17,000,000, the saving would be AED 2,200,000 (11.5%). The OP of AED 19,200,000 cannot be verified through public DLD records. No penthouse or 4BR DLD transaction appears in the publicly accessible records for this building. The highest visible DLD sale is AED 8,000,000 for a 3BR unit. The OP claim should be treated with caution.
53 total DLD sales recorded for Palm View, Dubai Media City. Recent transactions (August to September 2026):
At AED 3,866 per sqft (or AED 3,652 per sqft using total 4,813 sqft area), the penthouse prices above the building's DLD median but within the upper range.
Avani Palm View Hotel and Suites is a hotel-operated building developed by Al Fahim Group and managed by Minor Hotels under the Avani brand. The 264 units are classified as serviced apartments, though DLD records list them as apartments. Units are privately owned and can be rented independently. Buyers should understand the hotel management structure, associated service charges, any revenue-sharing or rental pool arrangements, and the implications for resale liquidity. Large hotel apartment penthouses can have limited resale markets compared to residential penthouses in prime freehold towers.
A 48-storey hotel and serviced apartment tower in Dubai Media City (Palm View sub-area), completed January 2021. Developer: Al Fahim Group. Operator: Minor Hotels (Avani brand). 264 units ranging from studios (440 sqft) to 4BR penthouses (5,167 sqft). Amenities include dual-level infinity pool overlooking Palm Jumeirah, full-service spa, gym, private cinema, golf simulator, two restaurants, cafe, pool bar, valet parking and 24-hour concierge. The building overlooks Palm Jumeirah from the mainland side (it is not on Palm Jumeirah itself).
The asking price, stated OP, size, high floor, negotiable status and reduced-from figure are from the agent brief. The 4,656 sqft plus 157 sqft balcony matches the portal listing total of 4,814 sqft. Bedrooms confirmed as 4 (plus maid, driver and office rooms). The OP of AED 19,200,000 is unverifiable through public DLD data. The same unit appears to be listed at AED 17,000,000 on fam Properties by the same agent, contradicting the AED 18,000,000 figure and the lowest on market claim. The reduced from AED 22,000,000 claim is also unverifiable. Buyers should negotiate based on the AED 17,000,000 listing, verify the OP with SPA documentation, and understand the hotel management obligations and service charges.
The agent claims this is the lowest on market. However, research found the same 4BR penthouse (4,814 sqft, same agent: Mehrnoosh Babaei at fam Properties, ref AS-159644) actively listed at AED 17,000,000 on fam Properties as of October 2026. If this is the same unit, the actual current asking price may be AED 17,000,000, not AED 18,000,000. Buyers should verify the current asking price directly with the agent and negotiate accordingly.
No. The OP of AED 19,200,000 cannot be independently confirmed through public DLD records. No penthouse or 4-bedroom DLD transaction appears in the publicly visible records for this building. The highest visible DLD transaction is AED 8,000,000 for a 3-bedroom unit (September 2026). Without SPA verification, the stated OP and the resulting savings figure should be treated as unverified.
This is a hotel-branded serviced apartment building. The Avani Palm View Hotel and Suites is developed by Al Fahim Group and operated by Minor Hotels under the Avani brand. DLD classifies the units as apartments, but the building functions as a hotel and serviced apartment complex with 264 units. Individual units are privately owned and can be rented independently. The penthouse benefits from hotel-level services including concierge, valet, housekeeping and spa access, but service charges reflect the hotel management costs.
The same penthouse is listed for rent at AED 1,300,000 per year on fam Properties (same agent). A comparable 4BR (5,170 sqft) in the same building rented for AED 1,050,000 in August 2025. At AED 18,000,000 and AED 1,300,000 annual rent, gross yield is approximately 7.2%. Service charges are approximately AED 21 per sqft per year (AED 97,776 annually for 4,656 sqft). The penthouse appeals to short-term luxury and corporate clientele.
The agent states 4,656 sqft plus 157 sqft balcony. The total area is approximately 4,813 sqft. Portal listings show the total as 4,814 sqft. The price per sqft calculation uses the 4,656 sqft internal area. The unit includes 4 ensuite bedrooms, a maid room, driver room, office room, 6 bathrooms, an open-plan living and dining area, a kitchen and a balcony. A larger 4BR penthouse variant at 5,167 sqft also exists in the building.
Buyer costs
Dubai transfer costs for an ready unit. Every figure editable — NOC is set by the developer and varies.
| Sale price | — |
| DLD transfer fee | — |
| NOC fee | — |
| Trustee / registration | — |
| Agency fee | — |
| VAT on agency (5%) | — |
Total cost
—
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
Indicative monthly repayment on a UAE bank mortgage.
| Down payment | — |
| Loan amount | — |
| Total interest | — |
| Total repaid | — |
Monthly payment
—
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.
Read our full property verification methodology →
Browse this listing by developer, location, property type and bedroom count.
Below OPFurnished 4-Bedroom Penthouse at Avani Palm View, Dubai Media City – 19.3% Below Purchase Price4 Beds4,811 sqftPenthouseAED 15,500,000Save AED 3,700,000 (19.3%)View property
Below Market4-Bedroom Penthouse in Avani Palm View, Dubai Media City - Below Market Price4 BedsPenthouseAED 15,500,000Save AED 500,000 (3.1%)View property
Off-Plan DistressDistress Deal: Penthouse in AVANI Palm View Residences – High Floor | Palm View | AED 18,000,0004 Beds4,656 sqftPenthouseStatus check recommendedAED 18,000,000Check latest status
Below OPPenthouse Below OP in AVANI Palm View with Palm Jumeirah Views4,656 sqftPenthouseAED 18,000,000Save AED 1,200,000 (6.3%)View property
OP + DLD CoveredOne-Bedroom Apartment at DAMAC Casa, Dubai Media City — Below Original Price, DLD Covered1 Beds946 sqftApartmentAED 2,400,000Save AED 664,880 (21.7%)View property
Below MarketDistress Deal | High-Floor 1BR Apartment in Damac Casa at Dubai Media City | AED 200K Below OP1 Beds999 sqftApartmentStatus check recommendedAED 3,197,000Check latest status