Last Distress Unit — COMO Residences Palm Jumeirah | Full Floor ~9,400 Sq Ft | AED 46,000,000 | 16.8% Below OP

Full Floor, 360° Panoramic, Above Floor 40, COMO Residences by Nakheel — The Last and Only Below-OP Unit in a Sold-Out 76-Unit Building

This is the last distress unit available in COMO Residences — Nakheel’s ultra-luxury 71-storey seashell tower on the trunk of Palm Jumeirah, the tallest building on the island at 984 feet. The building’s 76 residences sold out at launch. The distress asking price of AED 46,000,000 is AED 9,300,000 (16.8%) below the seller’s original developer price of AED 55,300,000. There is no comparable opportunity in this building: no developer inventory, no other distress unit currently positioned in the market, and no equivalent unit type — full floor, ~9,400 sq ft, above floor 40, 360° panoramic views of the Arabian Gulf, Burj Khalifa, Burj Al Arab, Palm Jumeirah, and Ain Dubai simultaneously — available anywhere in COMO Residences at this price. This is the only entry point into this segment at a below-OP price that exists in the Dubai market today. Serious enquiries only.

Property Highlights

• Project: COMO Residences by Nakheel
• Developer: Nakheel (through The Palm Jumeirah Company)
• Location: Palm Jumeirah Trunk, Dubai, UAE
• Type: Full Floor Apartment — 360° Panoramic Views
• Total Size: ~9,400 sq ft
• Floor: Above floor 40 (in a 71-storey tower)
• Views: 360° — Arabian Gulf (all directions), Burj Khalifa, Burj Al Arab, Palm Jumeirah crown, Ain Dubai, Dubai skyline
• Kitchens: Show kitchen + service kitchen
• Staff: Maid’s room + driver’s quarters
• Private Lift Lobby: Yes — access-controlled private lift per residence
• Parking: 3–6 dedicated bays (per unit type)
• Smart Home: Fully integrated
• Handover: Q2 2028
• Payment Plan (inherited): 20/60/20
• Building Inventory: 76 residences total — sold out at launch
• Distress Asking Price: AED 46,000,000
• Original Developer Price: AED 55,300,000
• Discount vs OP: AED 9,300,000 (16.8%)
• Price Per Sq Ft: AED 4,894
• OP Price Per Sq Ft: AED 5,883
• Ownership: Freehold — open to all nationalities
• Golden Visa: Yes (10-year)

About COMO Residences and Nakheel

COMO Residences is Nakheel’s defining ultra-luxury landmark — a 71-storey seashell-inspired tower on the trunk of Palm Jumeirah that, at 984 feet, is the tallest building on the island and one of the most architecturally distinctive buildings in Dubai. The design is sculpted into a series of vertical lakes: actual integrated water bodies that run up the exterior of the building, creating private pool terraces at multiple levels and a visual signature that is visible from across the Gulf. The tower contains exactly 76 residences — 2 to 6-bedroom simplex apartments, 7-bedroom duplexes, and one extraordinary 5-bedroom duplex penthouse. The penthouse at COMO Residences sold for AED 500 million — the most expensive penthouse in the world at the time of its sale, establishing the building’s position at the absolute apex of global residential real estate.

Construction began in September 2023 under a USD 490 million contract awarded to ALEC Engineering & Contracting. Handover is confirmed for Q2 2028. Only 1 or 2 residences occupy each floor, with each home served by an access-controlled private elevator to its own private lobby — the standard at COMO is a level of residential privacy and exclusivity that is not available in any other building on Palm Jumeirah.

The Full Floor Configuration — Why It Matters

Standard COMO Residences units deliver either 180° or 360° panoramic views depending on their floor plate configuration. Full floor units — those that occupy the entire usable area of their floor — deliver the 360° experience: the Arabian Gulf on one horizon, the Dubai city skyline and Burj Khalifa on another, Burj Al Arab to the south, Ain Dubai to the north, and the full fan of Palm Jumeirah’s fronds below. This is not a marketing designation — it is a physical consequence of the unit occupying every side of the building’s floor plate at that elevation. At above floor 40 in a 71-storey tower, there is no obstruction: no adjacent building reaches this height on Palm Jumeirah, and the Gulf is the visual field in every direction that faces water. The ~9,400 sq ft floor area at this elevation, in this view configuration, in this building, is one of the rarest residential experiences in Dubai — and globally.

Community and Lifestyle — Palm Jumeirah

• Palm Jumeirah — Dubai’s most iconic man-made island, 11 million sqm of freehold waterfront residential and hospitality
• Atlantis The Palm — 11-minute drive; Aquaventure Waterpark, The Lost Chambers Aquarium, celebrity dining
• Atlantis The Royal — the world’s most instagrammed hotel, Palm Jumeirah Crescent
• Nakheel Mall — 140+ stores, 30 dining venues, The View At The Palm observation deck — on the trunk
• Riva Beach Club, WHITE Beach, Drift Beach, Five Palm Beach — Palm Jumeirah’s iconic beach clubs
• Palm Monorail — connects the trunk to the Gateway Station and broader public transport network
• Hilton Dubai Palm Jumeirah — adjacent to COMO Residences
• Jumeirah Zabeel Saray, One&Only The Palm, Waldorf Astoria Palm Jumeirah — on the Crescent
• COMO Residences’ private sandy beach pool (podium level) — exclusive to the building’s 76 residents

Amenities at COMO Residences

• Private sandy beach pool at podium level — exclusive to building residents
• 25-metre lap swimming pool
• Rooftop infinity pool (71st floor) — highest pool on Palm Jumeirah
• 360° viewing deck (71st floor) — highest public point on the island
• Spa and wellness centre with full treatment rooms
• Fully equipped gymnasium
• Padel tennis courts
• Squash courts
• Children’s wet and dry play areas and splash pools
• Private café lounge exclusively for residents
• Business centre with meeting and conference rooms
• Full concierge services (24/7)
• Per residence: private lift lobby (access-controlled), 3–6 dedicated parking bays, smart home system, high-speed private lifts
• Per full-floor residence: show kitchen + service kitchen, maid’s room, driver’s quarters, multiple outdoor terraces, private pool on sky terrace (select units)

The Payment Structure

• Nakheel 20/60/20 Plan: 20% booking, 60% staged during construction, 20% at Q2 2028 handover
• Original Developer Price: AED 55,300,000
• Distress Asking Price: AED 46,000,000
• Discount vs OP: AED 9,300,000 (16.8%)
• New Buyer DLD (4%): AED 1,840,000
• Trustee: ~AED 4,200
• Buyer Agency (2%): AED 920,000
• Transfer-Stage All-In: ~AED 48,764,200
• Remaining Nakheel Instalments: Confirmed from seller’s SPA within 24 hours

The buyer assumes the seller’s Nakheel SPA on resale. At AED 46,000,000, the buyer enters the building at AED 9,300,000 below the documented Nakheel developer price — with the remaining construction instalments and 20% handover payment confirmed from the seller’s payment schedule. This is the only available below-OP positioning in COMO Residences on the secondary market.

Location and Connectivity

• Palm Jumeirah Trunk — Sheikh Zayed Road: 7-minute drive
• Nakheel Mall: On Palm Jumeirah trunk — minutes within the island
• Aquaventure / Atlantis The Palm: 11-minute drive
• Burj Al Arab: 13 minutes
• Dubai Marina / JBR: 10 minutes
• Al Khail Metro Station (Red Line): 9-minute drive
• Knowledge Village Tram Station: 9 minutes
• Palm Jumeirah Monorail: 5-minute drive to Gateway Station
• Downtown Dubai / Dubai Mall: 18–20 minutes
• Dubai International Airport (DXB): ~25 minutes
• Al Maktoum International Airport (DWC): ~33 minutes

Why This Is the Last Opportunity of Its Kind

• 76 units total. Sold out. Zero developer inventory: When COMO Residences launched, all 76 units were acquired. The developer has nothing left to sell. Every unit that comes available does so only through the secondary market.
• AED 9,300,000 (16.8%) below OP — the only below-OP distress unit in the building: COMO Residences secondary market listings are at or above original developer pricing. This seller has a personal urgency to exit at OP, forfeiting the appreciation the market has already delivered above that price. There is no other unit in this building available at below-OP pricing.
• Full floor + floor 40+ + 360° = the rarest configuration: Most COMO units deliver 180° views. Full floor units deliver 360°. At above floor 40 in a 71-floor tower, the 360° experience is unobstructed in every direction. ~9,400 sq ft at this elevation in this building does not exist anywhere else on Palm Jumeirah.
• The AED 500M penthouse benchmark: When the COMO Residences penthouse sold for AED 500 million — the most expensive single residential transaction in history — it established a price discovery event for the entire building. Every unit in COMO now trades against that benchmark. The full-floor unit at AED 46,000,000 is priced at AED 4,894/sqft against a building where the record transaction valued the asset at an entirely different level.
• Nakheel as developer — the Palm Jumeirah master developer: Nakheel built Palm Jumeirah. COMO Residences is Nakheel’s own ultra-luxury product on the island it created. The alignment of master developer and tower developer eliminates the execution risk that exists when a third-party developer builds on Nakheel land.

Frequently Asked Questions (FAQs)