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Palm View in Al Sufouh 2 - Dubai residental property project

Cap rates, sales prices, rents and deal volumes



Sales prices for off-plan (pre registration and delayed sell) properties in Palm View

RoomsSize, sqmSale price, AED/sqmSale price, AED
110124,0702,435,192
215623,9743,739,960

Sales prices for completed properties in Palm View

RoomsSize, sqmSale price, AED/sqmSale price, AED
110125,3852,573,432
216223,3643,777,829
321325,8985,507,640

Rents in Palm View

RoomsSize, sqmRent, AED/sqm/ yearRent, AED
1951,217115,000
21201,347161,000

The cap rate (rental yield) of investments into Palm View project is 5.3% on average.

The price of an apartment in Palm View is 24,326 AED/sqm on average.

Price for off-plan 1 bedroom apartment in Palm View is 2,435,192 AED or 24,070 AED/sqm.
Price for off-plan 2 bedroom apartment in Palm View is 3,739,960 AED or 23,974 AED/sqm.

Price for completed 1 bedroom apartment in Palm View is 2,573,432 AED or 25,385 AED/sqm.
Price for completed 2 bedroom apartment in Palm View is 3,777,829 AED or 23,364 AED/sqm.
Price for completed 3 bedroom apartment in Palm View is 5,507,640 AED or 25,898 AED/sqm.

Rent in Palm View is 25,898 AED/sqm/year on average for long term rent of an apartment.

Rent for 1 bedroom apartment in Palm View is 115,000 AED or 1,217 AED/sqm.
Rent for 2 bedroom apartment in Palm View is 161,000 AED or 1,347 AED/sqm.

About Palm View

'Palm View' in 'Al Sufouh 2' area project description

The 'Palm View' project in Al Sufouh 2, Dubai, stands as an epitome of luxury and modern living, conveniently located near one of Dubai's most iconic landmarks, Palm Jumeirah. This exclusive development comprises spacious residential units designed to offer breathtaking views of the Palm Jumeirah, the Arabian Gulf, and the Dubai Marina skyline.

Palm View is strategically situated in Al Sufouh 2, providing excellent connectivity to major parts of the city through Sheikh Zayed Road, the main arterial highway of Dubai. The proximity to key business districts such as Dubai Media City, Dubai Internet City, and Knowledge Village makes it an ideal choice for professionals seeking a balanced lifestyle.

The architectural design of Palm View is a blend of contemporary aesthetics and functional spaces. Each unit is meticulously crafted to maximize natural light and offer expansive views, creating a serene environment that is both breathtaking and calming. High-end finishes, modern amenities, and smart home technologies are integral features, ensuring residents experience peak comfort and convenience.

Amenities in Palm View are both extensive and of high quality, tailored to meet the diverse needs of its residents. The development features a state-of-the-art fitness center, an infinity pool overlooking the sea, a spa, and landscaped gardens that offer a tranquil retreat within the urban setting. Additionally, there are dedicated family zones, including children's play areas and barbecue spots, promoting community interaction and leisure.

One of the standout features of Palm View is its commitment to sustainability. The development incorporates eco-friendly materials and energy-efficient systems, aligning with Dubai's vision for a sustainable future. Smart waste management systems and water-saving fixtures are part of the green initiatives adopted to reduce the carbon footprint and promote eco-conscious living.

Security and privacy are paramount at Palm View. The development is equipped with advanced security systems, including 24/7 surveillance and a dedicated team to ensure the safety and privacy of its residents. Controlled access points and secure parking facilities further enhance the protected environment.

Moreover, Palm View’s prime location offers residents convenient access to a plethora of upscale dining, retail, and entertainment options. World-renowned restaurants, high-end boutiques, and cultural attractions are just a short drive away, making it a hub of luxury and convenience. The proximity to beaches and recreational areas also means residents can enjoy a variety of outdoor activities.

In conclusion, the Palm View project in Al Sufouh 2 exemplifies luxurious, modern living in one of Dubai's most coveted locations. Its blend of strategic location, superior design, world-class amenities, and commitment to sustainability make it an outstanding choice for discerning residents.

Q&A on Palm View

What are the advantages of 'Palm View' project in Dubai for property buyers? What are the disadvantages?

The 'Palm View' project in Al Sufouh 2, Dubai, offers distinct advantages and some disadvantages for property buyers.

Advantages:

1. Prime Location: Situated in Al Sufouh 2, the project boasts proximity to key areas like Dubai Marina, JBR, and the iconic Palm Jumeirah.
2. Panoramic Views: Residents can enjoy stunning views of the Palm Jumeirah, Arabian Gulf, and the Dubai skyline.
3. Luxury Amenities: High-end facilities such as swimming pools, fitness centers, concierge services, and exclusive beach access are typical.
4. Quality of Life: The area promises a high standard of living with pristine beaches, luxury hotels, fine dining, and opulent shopping options nearby.
5. Investment Potential: Given its prime location and luxury status, property values in the area are expected to appreciate, offering solid returns on investment.
6. Accessibility: Al Sufouh 2 is well-connected with major roads, enabling easy access to business districts, schools, and airports.
7. Prestigious Address: Owning property in 'Palm View' associates buyers with one of the most prestigious addresses in Dubai.

Disadvantages:

1. High Cost: The luxury and location come with a premium price, which might be prohibitive for some buyers.
2. Maintenance Fees: High-end facilities usually come with significant maintenance and service fees.
3. Traffic Congestion: Proximity to popular destinations can lead to increased traffic, especially during peak times.
4. Noise Levels: Being close to vibrant areas might result in higher noise levels, which can affect the tranquility expected from luxury living.
5. Limited Inventory: High demand for such prestigious properties can lead to limited availability, making it challenging to secure a unit.
6. Tourist Influx: The area's appeal to tourists can result in crowded conditions, particularly during the holiday seasons.
7. Market Sensitivity: Luxury real estate can be more volatile and susceptible to market fluctuations, impacting long-term investment security.

What projects are better than 'Palm View' project in Dubai which are located close by, and why?

1. Marina Gate – Located nearby in Dubai Marina, it offers a waterfront living experience with high-end amenities, better views, and direct access to the Marina Walk.

2. Jumeirah Beach Residence (JBR) – Known for its beachfront lifestyle, JBR offers more dining, shopping, and entertainment options. It provides a vibrant community environment with direct beach access.

3. Damac Heights – Positioned in Dubai Marina, this project features luxury apartments with superior interior design and amenities, plus stunning views of the marina and Arabian Gulf.

4. Emaar Beachfront – Located between Palm Jumeirah and JBR, this project offers a blend of serene beach living with close proximity to popular locations and attractions.

5. Bluewaters Island – Offering unique oceanfront living, it's home to the iconic Ain Dubai, numerous dining and retail options, and extensive leisure amenities. The development combines exclusivity with connectivity.

6. Le Reve Towers – Situated in Dubai Marina, it’s known for ultra-luxurious penthouses catering to the wealthy elite, offering top-notch facilities and unparalleled privacy.

What are the closest schools to 'Palm View' project in Dubai?

Regent International School: Located in The Greens, Regent International offers the British curriculum from the foundation stage to Year 13.

GEMS Wellington International School: Situated in Al Sufouh, it follows the British curriculum, offering education from Foundation Stage to Year 13.

Dubai College: A prestigious British-curriculum secondary school, located in Al Sufouh close to Interchange No. 4 on Sheikh Zayed Road.

American School of Dubai: Located in Al Barsha, it offers an American curriculum from Pre-K to Grade 12.

The International School of Choueifat: Based in Al Sufouh, following the SABIS educational system from KG to Grade 12.

What are the closest medical clinics to 'Palm View' project in Dubai?

1. Burj Al Arab Medical Clinic
- Location: Jumeirah St, Umm Suqeim 3, Dubai

2. Saudi German Hospital Dubai
- Location: Hessa Street, Al Barsha 3, Dubai

3. Clinic for Health and Medical Care (CHMC)
- Location: Umm Suqeim 3, Al Sufouh Rd, Dubai

4. Al Zahra Hospital Dubai
- Location: Sheikh Zayed Rd, Al Barsha 1, Dubai

5. American Hospital Dubai Media City Clinic
- Location: Dubai Media City, Dubai




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