2-Bedroom Off-Plan Distress Apartment at SLS Residences The Palm, Palm Jumeirah

Property Overview

This 2-bedroom apartment at SLS Residences The Palm on Palm Jumeirah is offered at AED 7,800,000 for 1,655 sq ft, which works out to about AED 4,713 per sq ft. The agent describes it as a distress resale priced at first-market level, with developer handover expected in Q4 2026.

Property Highlights

• Property type: Apartment
• Bedrooms: 2
• Size: 1,655 sq ft (agent-stated)
• Asking price: AED 7,800,000
• Price per sq ft: approx. AED 4,713 (calculated)
• Status: Off-plan resale
• Expected handover: Q4 2026 (agent-stated)
• Developer: Roya Lifestyle Developments
• Location: Palm Jumeirah, Dubai

Why This Listing Is Classified as Off-Plan Distress

The unit has not yet been handed over and the agent has presented it as a distress sale. The brief describes the price as a first-market price, but it does not state the seller's original purchase price, a DLD transaction or dated market comparable. For that reason DPF lists it as an off-plan distress resale and does not claim a specific discount or percentage saving.

Buyers who want to measure the deal should ask for the seller's SPA price and compare the AED 4,713 per sq ft rate against recent registered transactions for 2-bedroom units in the same building.

Price Calculation

• Asking price: AED 7,800,000
• Size: 1,655 sq ft
• Rate: AED 7,800,000 ÷ 1,655 = approx. AED 4,713 per sq ft

About the Project and Developer

SLS Residences The Palm is a boutique branded residential development by Roya Lifestyle Developments, carrying the SLS brand from hospitality group Ennismore. Published project information describes a 9-storey building with around 113 residences, made up of 2- and 3-bedroom simplexes, 3- and 4-bedroom duplexes and a small number of penthouses.

The project is positioned as a standalone residential address rather than a hotel, which appeals to buyers who want a branded home without hotel guest traffic. Exact amenities, unit finishes and beach access arrangements should be confirmed against the developer's sales documents.

Layout, Floor and View

The agent has supplied the bedroom count and size only. Floor level, view, bathroom count and parking were not provided and are not stated here. Request the floor plan and unit number before making an offer.

Payment Plan and Handover

The agent states handover is expected in Q4 2026. No payment schedule, amount paid to date or balance due was supplied. Because handover is close, buyers should confirm with the developer the current construction status, the remaining payments owed on handover and any developer transfer or NOC fees before committing. All terms should be checked against the SPA.

Location and Connectivity

Palm Jumeirah is one of Dubai's best-known waterfront communities, with beach clubs, hotels, dining and retail across the trunk and crescent. Travel times and the building's exact position on the Palm should be confirmed during a viewing or from the developer's site plan.

Verification Notes

• Agent-supplied facts: project, property type, bedrooms, size, asking price, distress description and Q4 2026 handover.
• Calculated figure: price per sq ft.
• External research: developer, brand and building profile from published project information; these are not unit-specific.
• Not supplied: original purchase price, payment plan, amount paid, floor, view, bathrooms and parking.