Olaia Residences

Key facts

Handover

Q4 2027

Status

Under construction

Construction progress

5%

Ownership

freehold

Property types

apartment, duplex

Availability

Sold out

How Olaia Residences compares

Entry here is AED 3.2M, against a median of AED 24M across the 29 priced projects in Palm Jumeirah, which puts it above 1 of them and below 27. The plan opens at 10% down, against a Dubai median of 10%, in line with the market. Handover lands in Q4 2027, alongside 250 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

• Indoor Swimming Pool
• Landscaped Gardens
• CCTV Security
• Gymnasium
• Restaurants
• Children's Play Area

Location

Olaia Residences sits in Palm Jumeirah.

Master plan

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

What you pay, and when

At launch, payments were staged 10% on booking, 40% during construction and 50% at handover. The 40% due during construction fell in four instalments of 10%. 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 195,000 at this resale price. The 10% booking payment sits in a RERA-supervised escrow account rather than with Gulf House Development, 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 679 square feet at AED 3,200,000, which works out at AED 4,713 per square foot. Stated sizes run from 679 to 4,409 square feet.

Handover and construction

Handover is set for Q4 2027. Construction was last recorded at 5% complete.

Ownership and residency

Olaia Residences is freehold, which lets a buyer of any nationality own a unit outright and hold the title deed. The 10 year UAE golden visa has a property threshold of AED 2,000,000, and the cheapest resale listed is at or above it, so a resale at that price 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 679 square foot entry unit that is about AED 7,000 to AED 10,000 a year.

Who it suits

The development is apartments and duplexes in 1 to 5 bedroom layouts. 1 bedroom units start at AED 3,200,000 and 5 bedroom units at AED 20,210,652, so one building covers a first rental purchase and a family home. The developer has sold out, so anything available here is a resale from a private owner.

What is on site

Shared facilities recorded for Olaia Residences are the block most Dubai developments carry: indoor swimming pool, landscaped gardens, CCTV security, gymnasium, restaurants and children's play area. 36 floor plans are published for it.

Frequently asked