Five Palm Jumeirah

Five Palm Jumeirah is a hotel located on the trunk of the world’s largest artificial island Palm Jumeirah in Dubai. The project by FIVE Holdings and architectural consultant P&T Architects & Engineers Ltd was commissioned in 2016. The 16-story building’s property collection includes 477 hotel suite rooms and 221 furnished residences with views of the Arabian Gulf.

Five Palm Jumeirah residences include studios and 1, 2, 3 and 4-bedroom apartments ranging in size from 100 sq. m (1,076 sq. ft) to 1,144 sq. m (12,324 sq. ft). All residences are sold with high-quality finishes and furnishings, and feature panoramic windows, built-in closets and appliance-equipped kitchens. The 4-bedroom apartments, also called villas, are located on the 16th floor of the hotel and have spacious terraces with small private landscaped pools. Properties at Five Palm Jumeirah start at AED 2,700,000 (USD 736,000).

Five Palm Jumeirah offers a full range of services for comfortable coastal living. Residences are suitable for short-term or long-term rentals, and the services and availability of furniture make it convenient for investors to purchase properties for rent. The ROI for investments in residential units on the island average 5.74%.

Two-bedroom apartments at Five Palm Jumeirah are available from AED 3,400,000 (USD 926,000) to AED 5,300,000 (USD 1,443,000) and the average rental value for this type of property is AED 320,000 (USD 87,100) per year. The hotel property is sold on a freehold basis.