Penthouse Below OP in AVANI Palm View with Palm Jumeirah Views

Property Overview

This high-floor penthouse in AVANI Palm View, Dubai Media City is asking AED 18,000,000. The original purchase price was AED 19,200,000, placing the asking price AED 1,200,000 (6.3%) below the original price. The penthouse provides 4,656 sq.ft of living space at AED 3,866 per sq.ft, with Palm Jumeirah views from a high-floor position. The agent describes the seller as motivated with the price negotiable, indicating the final transaction price may be lower than the current asking. The building was completed in early 2021 and the unit is ready.

Property Highlights

• Type: Penthouse
• Size: 4,656 sq.ft
• Floor: High floor
• View: Palm Jumeirah
• Original purchase price: AED 19,200,000
• Asking price: AED 18,000,000
• Savings: AED 1,200,000 (6.3% below OP)
• Rate: AED 3,866 per sq.ft
• Motivated seller, price negotiable
• Ready

Why the Price Qualifies as Below OP

The agent states the original purchase price for this penthouse was AED 19,200,000. The current asking price of AED 18,000,000 represents a reduction of AED 1,200,000 (6.3%) from that original price. The agent further describes this as a super distress situation with a motivated seller and negotiable pricing, suggesting the seller may accept offers below the stated asking price.

The original price should be verified against the seller's SPA before any transaction. If the price is negotiated below AED 18,000,000, the discount from OP would widen beyond 6.3%.

About AVANI Palm View

AVANI Palm View is a 48-storey mixed-use tower developed by Al Fahim Group, located in Dubai Media City at the entrance to Palm Jumeirah. The building comprises a hotel component operated by AVANI Hotels and Resorts and 263 private residential apartments, including studios, 1 to 4 bedroom apartments, and penthouses. Construction was completed in early 2021.

All residences are delivered fully furnished with marble flooring, panoramic windows, recessed ceiling lighting, and modern finishes. Penthouses feature light and airy luxury interiors. The building's amenities include a dual-level infinity pool with panoramic views of Palm Jumeirah, a gymnasium, spa, restaurants, 24-hour concierge, valet parking, and full hotel services through AVANI Hotels and Resorts.

Location and Views

Despite being commonly associated with Palm Jumeirah, AVANI Palm View is located in Dubai Media City at the foot of Palm Jumeirah, not on the island itself. This position provides direct unobstructed views of the Palm Jumeirah crescent and fronds from higher floors, while benefiting from the infrastructure and connectivity of Dubai Media City.

The building is connected to the Dubai Tram network, with stops providing access to Dubai Marina, JBR, and connections to the Dubai Metro. Palm Jumeirah Monorail is accessible nearby. Key destinations include Dubai Marina (5 minutes), JBR and The Walk (7 minutes), Mall of the Emirates (10 minutes), and Downtown Dubai (20 minutes by car).

Motivated Sale

The agent explicitly describes this as a super distress sale with a motivated seller and negotiable pricing. While the stated asking price of AED 18,000,000 already represents a 6.3% reduction from the AED 19,200,000 original purchase price, the negotiable positioning suggests room for further reduction. Buyers should engage directly with the agent to discuss pricing and terms.

Verification Notes

The penthouse designation, size, high-floor position, Palm Jumeirah view, original purchase price, asking price, and negotiable pricing are sourced from the agent's resale brief received on 14 August 2026. The bedroom count, exact floor number, and bathroom count were not stated and have been omitted. The original price of AED 19,200,000 should be verified against the seller's SPA. The building is located in Dubai Media City, not on Palm Jumeirah island, though it is commonly marketed alongside Palm Jumeirah properties. Buyers should confirm whether this unit is part of the hotel-managed pool or is an independent residential apartment, as this affects management fees and usage. Given the asset value, comprehensive due diligence including independent legal review, valuation, and physical inspection is recommended.