1-Bedroom Sea-View Apartment in Palm Beach Tower 3, Palm Jumeirah – 11.7% Below OP

Property Overview

This 1-bedroom off-plan apartment in Palm Beach Tower 3 by Nakheel, Palm Jumeirah, is offered at AED 3,450,000 for 1,071 sq ft of built-up area. The asking price is AED 458,000 (11.7%) below the agent-stated original purchase price of AED 3,908,000, or about AED 3,221 per sq ft. It sits on a high floor with Burj Al Arab, Burj Khalifa and sea views, with handover expected in March 2027.

Property Highlights

• Property type: 1-bedroom apartment
• Building: Palm Beach Tower 3, Palm Jumeirah
• Developer: Nakheel
• Built-up area: 1,071 sq ft
• Asking price: AED 3,450,000
• Original purchase price (agent-stated): AED 3,908,000
• Discount to OP: AED 458,000 (11.7%)
• Price per sq ft: approx. AED 3,221
• Floor: high floor
• Views (agent-stated): Burj Al Arab, Burj Khalifa and sea
• Handover (agent-stated): March 2027

Why the Price Qualifies as Below OP

DPF classifies this unit as Below OP because the asking price is lower than the original purchase price supplied in the agent brief received on 20 October 2026. AED 3,908,000 minus AED 3,450,000 gives a saving of AED 458,000, or 11.7% of the original price, matching the agent's stated AED 458,000 discount. Dividing the asking price by 1,071 sq ft gives about AED 3,221 per sq ft.

The original price is agent-supplied and should be confirmed against the Sale and Purchase Agreement (SPA). The comparison is against the unit's own original price only and is not a claim that the unit is below current market value.

About the Project, Developer and Community

Palm Beach Tower 3 is a 51-storey residential tower by Nakheel within the Palm Beach Towers complex on Palm Jumeirah. Project materials describe 1- to 4-bedroom apartments and penthouses furnished by B&B Italia. Marketed facilities across the development include a landscaped podium with a pool, a beach club, a gym, sports courts, a running track, barbecue areas and retail space.

Layout, Floor and View

The agent brief confirms a 1-bedroom layout of 1,071 sq ft on a high floor, with views of Burj Al Arab, Burj Khalifa and the sea. The exact floor, bathroom count, parking and furnishing were not supplied and are not stated here. Request the floor plan to confirm the layout and view orientation.

Payment Plan and Handover

The agent states handover is expected in March 2027. Published project materials have shown Q4 2026 for Tower 3, so confirm the current handover date with Nakheel and the SPA. The payment plan, amount already paid and outstanding balance were not supplied.

Location and Connectivity

Palm Jumeirah is Dubai's palm-shaped man-made island, linked to the mainland near Dubai Marina and Dubai Media City, with a monorail running along its trunk. DPF does not quote travel times without a verified source.

Verification Notes

• Agent-supplied facts: building, 1-bedroom type, 1,071 sq ft built-up area, asking and original prices, AED 458,000 discount, high floor, views and March 2027 handover.
• DPF-calculated figures: 11.7% discount and approximately AED 3,221 per sq ft.
• External research: project facts from a broker project page for Palm Beach Tower 3; no official Nakheel page was retrieved.
• Not supplied: unit number, exact floor, bathrooms, parking, furnishing, payment plan and amount paid.