What's the price range at Raffles The Palm?
Current price per sqft: AED 5900. Recent transactions: 3BR 3100sqft at AED 18,290,000; 2BR 2000sqft at AED 11,800,000. Price history (12 months): ranging from AED 5865 to AED 5900/sqft.
Raffles The Palm – Investment & Lifestyle FAQ
Complete guide to Raffles The Palm in Palm Jumeirah: pricing, amenities, rental potential and ownership costs.
12
FAQ Pairs
4
Sections
36
Data Points
Today
Last Updated
Pricing & Units
What units are available at Raffles The Palm?
Unit mix: 28 × 1BR, 52 × 2BR, 38 × 3BR, 0 × 4BR, 8 × Penthouse. Total: 126 units. Branded as Raffles Hotelspremium positioning.
Is Raffles The Palm a good value, or overpriced?
Tier: LUXURY. Investment thesis: "Established beachfront luxury branded residence with heritage Raffles cachet, consistent yields and proven capital appreciation.". Comparable buildings in Palm Jumeirah range AED 5400–6400/sqft. Verdict: Competitive positioning; check comps in the building. Consult a local agent for current market assessment.
Amenities & Building Features
What amenities does Raffles The Palm offer?
Amenities: Private beach, Infinity pool, Raffles spa, Multiple restaurants, Wine bar and more. Year completed: 2020. Floors: 17. Branded partnership with Raffles Hotels ensures concierge and lifestyle services.
How many floors and units per floor in Raffles The Palm?
17 floors. Total units: 126. Average units/floor: 8. View types: Marina views, City views. Higher floors command premium pricing.
What's the typical apartment layout in Raffles The Palm?
Layouts: Studio to 4-bedroom units. Most popular: 2-bedroom (52 units). Sizes vary 500–2,500 sqft. Many units have balconies/terraces. Furnished and unfurnished options available (check listing details).
Location & Proximity
How far is Raffles The Palm from key landmarks?
Beach: 1 mins. Palm Jumeirah metro: 11 mins. Downtown Dubai: 33 mins. Airport (DXB): 23 mins.
Is Raffles The Palm easy to get to and from?
Metro accessible via Palm Jumeirah. Schools within 5–15 mins. Shopping malls: Dubai Marina Mall, Ibn Battuta nearby. Parking: typically 1–2 spaces per unit. Good road connectivity to Sheikh Zayed Road and key exits.
What's the neighborhood like around Raffles The Palm?
Located in Palm Jumeirah, a luxury community. Residents: expat professionals, families, investors. Dining & retail: diverse options within 5–15 mins. Safety: 24/7 security in building and community. Vibe: upscale and vibrant.
Owning Here
What are the service charges and annual costs?
Service charge: ~AED 2065/sqft/year typical for tier LUXURY. Estimate for 2BR (1500 sqft): AED 258125/month. DEWA: AED 400–600/month. Insurance: AED 1,000–2,000/year. Total holding cost: AED 800–1,500/month.
What kind of residents live in Raffles The Palm?
Profile: Mix of owner-occupiers and investors. Typical buyers: expat professionals, families seeking quality lifestyle, buy-to-let investors targeting 4%–6% yields. Nationalities: diverse (UK, India, Saudi, Russia, China well represented). Community vibe: professional, family-oriented, investment-savvy.
What's the rental yield at Raffles The Palm?
Gross rental yield: 4.6%–6.1%. 1BR typical rent: AED 21,666.667/month. 2BR: AED 35,000/month. Strong tenant demand; typical vacancy: 1–2 months/year.