Property Overview
A 2-bedroom apartment in Palm Beach Towers by Nakheel, Palm Jumeirah at AED 4,350,000 for 1,350 sqft, equalling AED 3,222 per sqft. 8.0% below the original price of AED 4,730,000, saving AED 380,000. High floor with Dubai Marina skyline views. Off-plan with handover expected end of 2026.
Property Highlights
- Type: 2-bedroom apartment
- Size: 1,350 sqft
- Asking price: AED 4,350,000
- Original price: AED 4,730,000
- Saving: AED 380,000 (8.0%)
- Rate: AED 3,222 per sqft
- Floor: High floor (exact level not specified)
- View: Dubai Marina skyline
- Handover: Q4 2026 (end of 2026)
Below OP Analysis
The asking price of AED 4,350,000 is AED 380,000 (8.0%) below the stated OP of AED 4,730,000. Including the 4% DLD fee paid at purchase (AED 189,200), the seller's total loss is approximately AED 569,200 (11.6% of total investment).
DLD Transaction Support
DLD transaction data confirms the price is competitive:
- AED 4,858,800 for 1,365 sqft 2BR (Sep 2026) = AED 3,559 per sqft
- AED 5,308,800 for 1,764 sqft 2BR (Jul 2026) = AED 3,009 per sqft
The most directly comparable transaction (1,365 sqft, very close to this unit's 1,350 sqft) sold for AED 4,858,800 in September 2026. At AED 4,350,000, this listing is AED 509,000 (10.5%) below that transaction. This suggests the price is genuinely below current market, not just below inflated OP.
Tower and Floor
The agent says Palm Beach Tower without specifying which of the three towers. All three Nakheel towers (Tower 1, 2 and 3) are under construction on the trunk of Palm Jumeirah, with approximately 50 to 52 floors each. A high-floor unit with marina skyline view faces east to northeast toward Dubai Marina, JBR and Ain Dubai. Buyers should confirm the exact tower number and floor level.
Handover Status
Expected handover: Q4 2026 (December 2026). The last publicly available construction update showed 68.14% completion as of October 2025. No updated progress figure was found for 2026. Given today is October 2026 and handover is targeted for December 2026, the project should be in final finishing stages. However, delay risk exists and buyers should verify current construction status directly with Nakheel.
About Palm Beach Towers
A three-tower residential development by Nakheel on the trunk of Palm Jumeirah. Over 1,000 units (some sources cite 1,265) across Tower 1 (285 units), Tower 2 (301 units) and Tower 3. Towers of approximately 50 to 52 floors. Unit mix: 1BR, 2BR, 3BR and 4BR penthouses. Contractor: Shapoorji Pallonji (appointed August 2023). 76 DLD transactions recorded to date despite the towers not yet being handed over, indicating active off-plan resale activity. One of the last major new-build apartment projects on Palm Jumeirah.
About Palm Jumeirah
An iconic artificial archipelago by Nakheel in the shape of a palm tree. The trunk area where Palm Beach Towers sit is developing into a high-rise residential corridor alongside established communities. Palm Jumeirah is a freehold area with premium pricing, beach access, luxury hotels, dining and leisure. The island is largely built out, limiting future new supply and supporting long-term values.
Verification Notes
The asking price, OP, size, high floor, marina skyline view and Q4 2026 handover are from the agent brief. The 8.0% saving is verified (380,000 divided by 4,730,000). The 1,350 sqft falls within the confirmed 2BR range for Palm Beach Towers (1,345 to 1,365 sqft for the smaller layout). DLD data confirms a comparable 2BR at 1,365 sqft sold for AED 4,858,800 (September 2026), making this listing 10.5% below the most recent comp. The specific tower number and floor level were not provided by the agent. Construction progress beyond October 2025 was not publicly available. Buyers should confirm the tower, floor, exact remaining payment to Nakheel (if any), handover timeline and any assignment or transfer fees.
