Raffles The Palm Dubai

Key facts

Handover (past)

Q4 2018

Status

Ready

Construction progress

100%

Property types

Apartments, Villa

Availability

Available

How Raffles The Palm Dubai compares

Entry here is AED 14M, against a median of AED 18M across the 13 priced projects in Palm Jumeirah, which puts it above 5 of them and below 7. The plan opens at 50% down, against a Dubai median of 20%, so it asks 30% more up front than the typical plan. Handover lands in Q4 2018, alongside 4 other projects completing in the same quarter.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

Payment plan

Available units

Amenities

• Blüthner Hall
• Matagi
• 80-Seat Private Theatre
• Raffles Gym
• Swimming Pools
• Piatti By The Beach
• Le Jardin
• Raffles Patisserie
• Sola Jazz Lounge
• Raffles Kids Club
• The Cinque Mondes Spa
• The Gharieni Wellness Technology Journeys
• 500m Long White-Sand Private Beach

Location

Raffles The Palm Dubai sits in Palm Jumeirah.

Master plan

The developer’s own site plan for Raffles The Palm Dubai, showing how the buildings, roads and open space sit together.

What you pay, and when

Payments are staged 50% on booking, 25% during construction and 25% at handover. At the AED 13,500,000 entry price, that is AED 6,750,000 to reserve a unit, AED 3,375,000 across the build, and AED 3,375,000 due on completion.

The Dubai Land Department registration fee is 4% of the purchase price, payable on top: about AED 540,000 at this entry price. The 50% booking payment sits in a RERA-supervised escrow account rather than with Emerald Palace Group, held under Dubai's Law 8 of 2007 and drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 1,637 square feet at AED 13,500,000, which works out at AED 8,247 per square foot. Stated sizes run from 78 to 15,104 square feet.

Handover and construction

The handover on record for Raffles The Palm Dubai is Q4 2018. Construction was last recorded at 100% complete.

Ownership and residency

The entry price clears the AED 2,000,000 property threshold for the 10 year UAE golden visa, so the cheapest unit in the development qualifies on its own.

What it costs to hold

Service charges in Palm Jumeirah (apartments) run roughly 11 to 15 AED per square foot per year, on the Dubai Land Department service charge index. Towers inside one community can differ by a factor of two, so treat that as a range to check against the specific building rather than a quotation. On the 78 square foot entry unit that is about AED 1,000 to AED 1,000 a year.

Who it suits

The development is Apartments and Villa in 1 to 8 bedroom layouts. 1 bedroom units start at AED 13,500,000 and 8 bedroom units at AED 600,000,000, so one building covers a first rental purchase and a family home.

What is on site

Among the shared facilities recorded for Raffles The Palm Dubai are blüthner hall, matagi, 80-seat private theatre, raffles gym, swimming pools, piatti by the beach, le jardin and raffles patisserie. 5 further facilities are listed in the full spec. The development is 16 units in total. 16 floor plans are published for it.

Frequently asked