1 Bedroom Apartment in Palm Beach Tower 3, Palm Jumeirah, 10.4% Below Original Price

Property Overview

This 1-bedroom mid-floor apartment in Palm Beach Tower 3, Palm Jumeirah, is offered at AED 3,500,000, which is AED 408,000 below the original purchase price of AED 3,908,000, a reduction of 10.4%. The apartment spans 1,065 sqft and is part of Nakheel's luxury waterfront development at the entrance to Palm Jumeirah. Handover is expected in April 2027.

Property Highlights

• 1-bedroom apartment, 1,065 sqft
• Mid-floor position
• Furnished by B&B Italia
• Asking price: AED 3,500,000
• Original purchase price: AED 3,908,000
• Saving: AED 408,000 (10.4% below OP)
• Rate: AED 3,286 per sqft
• Off-plan resale with handover April 2027
• Payment plan: 60/40

Why This Price Qualifies as Below OP

The seller's original purchase price is stated as AED 3,908,000. The current asking price of AED 3,500,000 represents a reduction of AED 408,000, equivalent to 10.4% below the original price. At the asking price, the rate per square foot is AED 3,286.

This benchmark is based on the agent's stated original purchase price. Buyers should verify the original SPA and payment history directly before proceeding.

About Palm Beach Tower 3

Palm Beach Tower 3 is a 51-storey residential tower by Nakheel at the entrance of Palm Jumeirah. The building is the third and most recent tower in the Palm Beach Towers complex, which comprises three buildings connected by a mid-rise podium. Tower 3 offers 1, 2 and 3-bedroom apartments and 4-bedroom penthouses. All apartments are furnished by the Italian luxury brand B&B Italia.

The Palm Beach Towers complex includes an infinity pool, a state-of-the-art fitness centre, a luxury spa, a beach club, a 360-degree rooftop viewing platform, retail outlets and dining venues at podium level. The development is designed by WS Atkins and Partners.

About Palm Jumeirah

Palm Jumeirah is Nakheel's iconic palm-shaped island off the Dubai coastline. The island is one of the most recognisable residential and hospitality destinations in the world, featuring a crescent, a trunk and sixteen fronds. Palm Jumeirah is home to Atlantis The Royal, Atlantis The Palm, a monorail system, beach clubs, restaurants and luxury retail. The island is connected to the mainland via a bridge to the Dubai Marina and Jumeirah coastline.

Location and Connectivity

Palm Beach Tower 3 is situated at the entrance of Palm Jumeirah with access to the Dubai mainland via the Palm Jumeirah Gateway. The Dubai Metro and Dubai Tram provide public transport connections. The Palm Monorail connects the trunk to the crescent and Atlantis. Dubai Marina, JBR Beach and Media City are nearby. Buyers should verify specific travel times independently.

Verification Notes

The asking price, original purchase price, built-up area, mid-floor position and handover date are sourced from the agent brief received in September 2026. The savings calculation of AED 408,000 (10.4%) is derived from the difference between the stated original price and the asking price. The price per square foot of AED 3,286 is calculated from the asking price and stated built-up area. Published Nakheel timelines for Palm Beach Tower 3 vary between Q4 2026 and Q1 2027, while the agent states April 2027. Project and community details are drawn from Nakheel and secondary market sources. Buyers should independently confirm all figures, including the original SPA, payment history, remaining balance and handover date, with the developer before committing.