Five Palm Jumeirah

Key facts

Handover (past)

Q4 2023

Status

Ready

Ownership

freehold

Property types

apartment

Availability

Sold out

How Five Palm Jumeirah compares

Entry here is AED 1.7M, against a median of AED 24M across the 29 priced projects in Palm Jumeirah, the lowest entry price in the community. The plan opens at 70% down, against a Dubai median of 10%, so it asks 60% more up front than the typical plan. Handover lands in Q4 2023, alongside 46 other projects completing in the same quarter. Five Holdings has 3 projects in our catalogue.

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

• CCTV Security
• Gymnasium
• Restaurants
• Shared Pool
• Barbecue Area
• Shared Spa
• Children's Play Area

Location

Five Palm Jumeirah sits in Dubai.

Master plan

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

What you pay, and when

The launch schedule split the price 70% on booking and 30% at handover. Buying now means a resale from a private owner, on whatever terms the two sides agree.

Registration with the Dubai Land Department adds 4% of the purchase price, roughly AED 52,000 at this resale price. Under Dubai's Law 8 of 2007, that 70% booking payment goes into a RERA-supervised escrow account rather than to Five Holdings directly, and is drawn down against certified construction progress.

Handover and construction

The handover on record for Five Palm Jumeirah is Q4 2023.

Ownership and residency

Five Palm Jumeirah is a freehold development, so a buyer of any nationality can own a unit outright and hold the title deed. The cheapest resale listed sits below the AED 2,000,000 property threshold the 10 year UAE golden visa asks for.

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.

Who it suits

The development is apartments in 2 to 3 bedroom layouts. Every layout is 2 bedrooms or more and the site has children's facilities, which is family stock rather than investor stock. The developer has sold out, so anything available here is a resale from a private owner.

What is on site

Shared facilities recorded for Five Palm Jumeirah lead with shared spa, alongside the CCTV security, gymnasium, restaurants, shared pool, barbecue area and children's play area that most Dubai developments carry. 2 floor plans are published for it.

Frequently asked