1BR Apartment in Palm Beach Tower 3 by Nakheel, Palm Jumeirah, Below Original Price with Burj Al Arab, Burj Khalifa and Sea Views

Property Overview

A 1-bedroom apartment in Palm Beach Tower 3 by Nakheel, Palm Jumeirah, offered at AED 3,450,000 against an original purchase price of AED 3,908,000. The asking sits AED 458,000 (11.7%) below the OP. The unit has 1,065 sqft of built-up area at AED 3,239 per sqft on a high floor with Burj Al Arab, Burj Khalifa and sea views. Handover is stated as March 2027.

Property Highlights

• Type: 1-bedroom apartment
• Built-up area: 1,065 sqft
• Asking price: AED 3,450,000
• Original price: AED 3,908,000
• Saving: AED 458,000 (11.7%)
• Rate: AED 3,239 per sqft
• Floor: high
• Views: Burj Al Arab, Burj Khalifa and sea
• Handover: March 2027
• Developer: Nakheel
• Tenure: freehold

Why the Price Qualifies as Below OP

The agent states the original purchase price at AED 3,908,000. At an asking price of AED 3,450,000, the unit sits AED 458,000 (11.7%) below the OP. This matches the agent's stated discount of AED 458K below OP. Including the 4% DLD transfer fee of AED 156,320 paid at original registration, the seller's total loss is AED 614,320.

The developer's published starting price for Palm Beach Towers 3 was AED 3,600,000 for 1-bedroom units. The agent's OP of AED 3,908,000 for a 1,065 sqft high-floor unit with premium triple views represents an 8.6% premium over the starting price, consistent with Nakheel's floor and view premium structure.

DLD Transaction Context

DLD records on Property Finder show 32 total sales for Palm Beach Towers. Three 1-bedroom transactions are recorded for Tower 3, all at 1,168 sqft (a larger layout than this unit's 1,065 sqft):

• September 24, 2026: AED 4,268,800 (AED 3,655 per sqft)
• July 27, 2026: AED 3,708,800 (AED 3,176 per sqft)
• July 24, 2026: AED 3,638,800 (AED 3,116 per sqft)

These are primary off-plan developer registrations. The agent's OP of AED 3,908,000 for 1,065 sqft (AED 3,669 per sqft) is close to the September DLD rate of AED 3,655 per sqft, suggesting the original purchase may have been a recent or premium-priced acquisition.

The asking of AED 3,239 per sqft falls between the July DLD rates (AED 3,116 to AED 3,176) and the September rate (AED 3,655). At the absolute price level, AED 3,450,000 is below the July 24 DLD transaction of AED 3,638,800, though that unit is 1,168 sqft versus 1,065 sqft for the subject unit.

About Palm Beach Tower 3 and Palm Jumeirah

Palm Beach Tower 3 is a 51-floor luxury residential tower by Nakheel on Palm Jumeirah, part of the broader Palm Beach Towers development comprising 1,265 units across multiple towers. The project offers 1-bedroom apartments (from ~1,065 sqft), 2-bedroom, 3-bedroom and 4-bedroom penthouses up to 3,614 sqft. The starting price was AED 3,600,000.

Amenities include private beach access, a 360-degree infinity pool, spa facilities, a rooftop viewing platform, gymnasium, outdoor yoga area, running track, barbecue areas, restaurants, a business centre, retail outlets, covered parking and 24/7 security. Units feature furnishings by B&B Italia.

Palm Jumeirah is Dubai's iconic man-made island developed by Nakheel. The crescent and trunk offer a mix of luxury residential towers, villas, hotels and retail destinations. The island provides direct beach access and panoramic views of the Dubai coastline, Burj Al Arab, Ain Dubai and the Arabian Gulf.

Handover and Payment

The agent states handover in March 2027. Property Finder and Sotheby's list Q4 2026 as the expected completion date. The slight discrepancy may reflect a revised timeline or unit-specific handover scheduling. Buyers should confirm the exact handover date with Nakheel.

The developer's payment plan is 25% down payment, 35% during construction and 40% on handover (with an alternative split-construction option). The agent has not specified the amount paid by the current owner. Given the OP of AED 3,908,000 and the project's near-completion stage, the seller may have paid up to 60% (AED 2,344,800) of the OP. Buyers should verify the paid amount and remaining handover obligations with the seller and Nakheel's escrow account.

Verification Notes

• The original purchase price of AED 3,908,000 is the agent's stated figure. At AED 3,669 per sqft, this is consistent with a high-floor premium purchase above the starting price of AED 3,600,000.
• The agent's claim of AED 458K below OP matches the arithmetic: 3,908,000 minus 3,450,000 equals 458,000.
• DLD 1-bedroom transactions in Tower 3 are for 1,168 sqft units (larger layout). No DLD transactions are recorded for the 1,065 sqft layout, so a direct price comparison should account for the size difference.
• The handover date discrepancy (Q4 2026 vs March 2027) should be verified with the developer.
• The agent does not specify floor number, unit number, bathrooms, parking or furnishing. These have been omitted.
• The 11.7% discount represents a seller loss of AED 614,320 including the DLD fee.