Serenia Residences The Palm in Palm Jumeirah - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Serenia Residences The Palm

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	87	39,152	3,400,000
2	160	40,582	6,500,000

Rents in Serenia Residences The Palm

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
2	143	2,200	314,585
3	244	1,967	480,000
4	1,189	2,397	2,850,000

The cap rate (rental yield) of investments into Serenia Residences The Palm project is 5.8% on average.

The price of an apartment in Serenia Residences The Palm is 40,079 AED/sqm on average.

The long term rent of an apartment in Serenia Residences The Palm is 2,303 AED/sqm/year on average.

Price for completed 1 bedroom apartment in Serenia Residences The Palm is 3,400,000 AED or 39,152 AED/sqm.
Price for completed 2 bedroom apartment in Serenia Residences The Palm is 6,500,000 AED or 40,582 AED/sqm.

Rent for 2 bedroom apartment in Serenia Residences The Palm is 314,585 AED or 2,200 AED/sqm.
Rent for 3 bedroom apartment in Serenia Residences The Palm is 480,000 AED or 1,967 AED/sqm.
Rent for 4 bedroom apartment in Serenia Residences The Palm is 2,850,000 AED or 2,397 AED/sqm.

About Serenia Residences The Palm

'Serenia Residences The Palm' in 'Palm Jumeirah' area project description

Serenia Residences The Palm is a prestigious residential development located on the iconic Palm Jumeirah in Dubai, renowned for its exclusivity and serene coastal living. Developed by Palma Holding, the project aims to provide a unique lifestyle experience that combines luxury, modernity, and tranquility.

Strategically positioned on the crescent of Palm Jumeirah, Serenia Residences offers panoramic views of the Arabian Gulf, the iconic Dubai skyline, and the captivating Palm Jumeirah itself. The architecture and layout focus on maximizing these views, with each apartment designed to offer unobstructed vistas through floor-to-ceiling windows and expansive outdoor terraces.

The development comprises three low-rise structures, home to a mix of 250 high-end units that include spacious one-bedroom apartments, expansive two- and three-bedroom units, as well as penthouses for those seeking the ultimate in luxury living. Every unit is meticulously crafted with high-quality finishes, state-of-the-art appliances, and contemporary design elements that prioritize natural light and open spaces. Interiors are characterized by a minimalist aesthetic that emphasizes elegance and sophistication.

Serenia Residences boasts a host of amenities intended to enrich the lifestyle of its residents. The development offers an Olympic-sized infinity pool, a children's pool, and a stunning beachfront infinity pool that allows direct access to a private beach. Residents can also enjoy a variety of recreational facilities such as a fully-equipped gym, a tennis court, water sports facilities, and dedicated barbecue areas. For those seeking relaxation and wellness, there are landscaped garden spaces, a wellness center, and dedicated yoga and meditation areas.

Security and privacy are paramount, with 24-hour security services, concierge services, and controlled access to ensure a secure living environment. The development is also designed with eco-friendly features, promoting sustainability through energy-efficient systems and materials.

Due to its prime location on Palm Jumeirah, residents have unparalleled access to some of Dubai’s most luxurious dining, entertainment, and shopping destinations. The Atlantis Hotel, The Pointe, and Nakheel Mall are just a short drive away, offering myriad options for leisure and social activities.

Serenia Residences The Palm represents the epitome of luxury beachfront living in Dubai. It combines the tranquility of a private retreat with the vibrancy and convenience of urban living, making it an ideal residence for discerning homeowners and investors seeking a premium lifestyle in one of the world’s most celebrated locales.

Q&A on Serenia Residences The Palm

What are the advantages of 'Serenia Residences The Palm' project in Dubai for property buyers? What are the disadvantages?

Advantages:
1. Prime Location: Situated on the East Crescent of Palm Jumeirah, Serenia Residences offers panoramic views of the Arabian Gulf, Dubai Marina skyline, and Burj Al Arab.
2. Luxury Living: The project features high-end finishes and top-quality materials, providing a luxurious living experience.
3. Exclusive Community: Being part of Palm Jumeirah, residents can enjoy a prestigious address and a sense of exclusivity.
4. High ROI Potential: Properties on Palm Jumeirah often experience higher-than-average rental yields and capital appreciation.
5. World-class Amenities: Residents have access to private beach access, infinity pools, a state-of-the-art gym, and other luxury facilities.
6. Proximity to Key Attractions: Close to Atlantis The Palm, Aquaventure Waterpark, and various high-end retail and dining options.
7. Privacy: The design of the residences ensures high levels of privacy with fewer units per floor.
8. Green Spaces: Landscaped gardens and serene environments contribute to a high quality of life.

Disadvantages:
1. High Cost: The luxury and location come with a premium price tag, which can be a barrier for some buyers.
2. Traffic Congestion: During peak times, traffic on and off the Palm Jumeirah can be significant.
3. Service Charges: Maintenance and service charges for the high-end amenities can be considerably high.
4. Limited Public Transport: The area lacks extensive public transportation options compared to other parts of Dubai.
5. Construction Activity: Ongoing and future construction projects in the area might cause noise and disruption.
6. Limited Availability: High demand for properties in Palm Jumeirah can often result in limited availability.
7. Distance from Mainland: Though Palm Jumeirah is well-connected, it still requires some travel to reach the mainland and major commercial hubs.
8. Market Volatility: The luxury real estate market can be more susceptible to fluctuations, affecting property values.

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

- One Palm by Omniyat: Offers exclusive beachfront living with more spacious units and luxurious interiors designed by renowned architects and designers. The development includes private swimming pools, cinema rooms, and an array of high-end amenities.

- The Royal Atlantis Residences: Known for its iconic architectural design and unparalleled luxury. The project provides residents access to top-tier restaurants, wellness facilities, and direct access to the famous Atlantis Hotel's amenities, including the water park and aquarium.

- W Residences: Brings a hotel-branded living experience with its chic design and premium services. The residences provide access to a private beach, multiple dining options, and wellness centers, appealing to those seeking a vibrant and high-end lifestyle.

- Palm Jumeirah Residences (Ellington Collection): Focuses on a more boutique experience with elegant designs and attention to detail. The development has fewer units, which ensures greater privacy and exclusivity, along with a curated selection of amenities.

- The 8 by IFA Hotels and Resorts: Emphasizes a contemporary Miami-style living experience with a focus on leisure and entertainment. It includes a variety of recreational amenities such as water sports facilities, beachfront cabanas, and a signature restaurant.

What are the closest schools to 'Serenia Residences The Palm' project in Dubai?

- GEMS Wellington International School: Located in Al Sufouh, approximately 15-20 minutes away from Palm Jumeirah.
- Dubai College: Situated in Al Sufouh, about 15-20 minutes drive from Palm Jumeirah.
- American School of Dubai: Located in Al Barsha, roughly a 20-minute drive from Palm Jumeirah.
- GEMS Dubai American Academy: Based in Al Barsha, about 20 minutes away by car.
- Regent International School: Found in The Greens, around a 15-minute drive from Palm Jumeirah.
- International School of Choueifat: Situated in Al Sufouh, approximately 15-20 minutes drive from Palm Jumeirah.

What are the closest medical clinics to 'Serenia Residences The Palm' project in Dubai?

1. Al Das Medical Clinic
- Location: Shoreline Apartments, Building 10, Palm Jumeirah, Dubai

2. Emirates Hospitals Clinics - Palm Jumeirah
- Location: Golden Mile Galleria, Building 9, Palm Jumeirah, Dubai

3. Infinity Family Medicine Clinic
- Location: Palm Jumeirah, Dubai

4. Emirates European Medical Centre
- Location: Icon Tower, Dubai Internet City, Dubai (Near Palm Jumeirah)

5. Dubai London Clinic & Specialty Hospital
- Location: Villa 1188, Umm Suqeim Road, Al Wasl Road Junction, Dubai (Short drive from Palm Jumeirah)