1-Bedroom Apartment in Palm Beach Tower 3, Palm Jumeirah, 3.5% Below Original Price, 60% Paid

Property Overview

This one-bedroom apartment in Palm Beach Tower 3, Palm Jumeirah, is offered at AED 3,771,992. The asking price is AED 136,808 below the agent-stated original purchase price of AED 3,908,800, a discount of 3.5%. The agent states 60% has been paid, with handover expected in March 2027. The unit size was not supplied.

Property Highlights

• Property type: 1-bedroom apartment
• Building: Palm Beach Tower 3, Palm Jumeirah
• Developer: Nakheel
• Asking price: AED 3,771,992
• Original purchase price (agent-stated): AED 3,908,800
• Discount to OP: AED 136,808 (3.5%)
• Amount paid (agent-stated): 60% of original price
• Handover (agent-stated): March 2027

Why This Apartment Qualifies as Below OP

DPF classifies this listing as Below OP because the asking price is lower than the original purchase price supplied in the agent brief. AED 3,908,800 minus AED 3,771,992 equals AED 136,808. Divided by the original price, that is a 3.5% reduction, matching the agent's stated figure.

The discount is modest. The benchmark is the seller's original purchase price as stated by the agent on 7 October 2026. It is not a comparison with current market value or recent DLD transactions, so this page does not claim the apartment is priced below market.

About Palm Beach Towers, Nakheel and Palm Jumeirah

Palm Beach Tower 3 is part of Nakheel's Palm Beach Towers development on Palm Jumeirah, launched in late 2022. Project information lists one- to three-bedroom apartments and four-bedroom penthouses, with amenities including private beach access, a spa, pools, a fitness centre, a sky lounge, a rooftop viewing platform, restaurants, a yoga area, a boat jetty and a waterfront promenade.

Palm Jumeirah is Nakheel's palm-shaped island off the Dubai coast, home to beachfront residences, hotels, restaurants and the Palm Monorail.

Layout, Floor and View

The agent describes the unit as a one-bedroom apartment. The built-up area, floor, view, bathroom count and parking allocation were not supplied, so DPF has not calculated a price per square foot. Buyers should confirm the unit size and layout from the SPA and floor plan.

Payment Plan and Handover

The agent states that 60% of the original price has been paid. If that percentage applies to the AED 3,908,800 original price, about AED 2,345,280 has been paid to the developer and about AED 1,563,520 remains. This is consistent with Nakheel's published launch plan of 25% on booking, 35% during construction and 40% on handover, which would leave the handover payment outstanding. The buyer typically reimburses the seller's paid portion, adjusted for the discount, and takes over the remaining balance. That split was not supplied, so buyers should confirm the exact amounts on Nakheel's statement of account.

The agent gives handover as March 2027. Earlier project information listed delivery in Q4 2026, so buyers should confirm the current handover date with Nakheel.

Location and Connectivity

Palm Jumeirah connects to the mainland by the trunk road to Sheikh Zayed Road near Dubai Internet City and Dubai Media City, and is served by the Palm Monorail. Travel times depend on route and traffic, so buyers should check commutes to their own key destinations.

Verification Notes

• Agent-supplied facts: property type, bedrooms, original purchase price, asking price, 60% paid and March 2027 handover.
• DPF-calculated figures: discount amount, discount percentage, and the estimated paid and outstanding amounts (assuming 60% of the original price).
• External project research: developer, launch, payment plan, unit range and amenities, drawn from project listings and not from Nakheel directly.
• Not supplied: unit size, floor, view, bathrooms, parking, who pays the penalty and NOC, and the exact payment split. These must be verified before purchase.