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Emerald Palace Kempinski in Palm Jumeirah - Dubai residental property project

Cap rates, sales prices, rents and deal volumes




The cap rate (rental yield) of investments into Emerald Palace Kempinski project is 5.9% on average.

The price of an apartment in Emerald Palace Kempinski is 28,502 AED/sqm on average.

The long term rent of an apartment in Emerald Palace Kempinski is 1,687 AED/sqm/year on average.

About Emerald Palace Kempinski

'Emerald Palace Kempinski' in 'Palm Jumeirah' area project description

Emerald Palace Kempinski is a luxurious five-star boutique hotel and spa resort on Palm Jumeirah in Dubai, blending classic European palace architecture with modern opulence. Developed by the Emerald Palace Group under owner Nver Mkhitaryan, who served as architect, interior designer, and landscape visionary, the project spans a 25-acre complex on plots C-11 and C-12 at the west end of the Palm's crescent.

Construction began around 2008, with the hotel opening on November 29, 2018, following a decade-long development marked by meticulous attention to timeless design. The property features 389 spacious rooms and suites starting at 67 square meters - the largest in its category on Palm Jumeirah - plus 383 bedrooms and suites, eight hotel villas, and 244 adjacent residential apartments including 260 private residences, townhouses, penthouses, and 20 grand villas.

Architecture draws from exemplary European palace styles, with imperial interiors showcasing 6,400 crystal chandeliers, 30,000 pieces of bespoke Italian furniture, gem ceiling fixtures, marble, gold and silver leaf-plated wood, luxurious drapery, and elegant color schemes evoking palatial living. The design complements the neighboring Kempinski Hotel & Residences Palm Jumeirah, completed in 2011.

Layout covers 45,200 square meters, offering stunning 360-degree views of the Palm Jumeirah lagoon, Dubai skyline, and Arabian Sea. It includes banquet areas, conferencing facilities, and expansive tropical gardens.

Amenities are world-class: 500 meters of private white sandy beach, the largest indoor pool at 175 square meters, a 3,500-square-meter Cinq Mondes spa with 24 treatment rooms and two private suites, an 80-seat private cinema - the largest on Palm Jumeirah - six restaurants (including all-day dining, a 3-Michelin-starred Alain Ducasse venue, Italian All'onda, and Il Riccio Beach House), three bars, a lobby lounge, pool and beach bar, night entertainment venue, boutique mall, children's play area and club, water sports like scuba diving, sailing, surfing, and yachting, yoga, Pilates, tennis, and business facilities.

Location positions it ideally on Palm Jumeirah's west crescent for day-long sun and panoramic vistas. Access the private beach directly from the property via dedicated pathways, ensuring seamless guest entry without public interference.

Nearby projects include the adjacent Kempinski Hotel & Residences Palm Jumeirah (opened 2011), plus other Palm Jumeirah landmarks like Atlantis The Palm and various luxury villas.

In Dubai's competitive luxury market, Emerald Palace Kempinski distinguishes itself through its royal heritage ties - including The Royal Club with members from imperial dynasties - unmatched scale of dining and spa offerings, and enduring palace aesthetic designed to remain timeless for centuries, attracting leisure, corporate, and high-profile guests. Kempinski, Europe's oldest luxury operator since 1897, manages the property.



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