Launched back in 2007, The Palm Gateway is a luxury 3-tower building by the award-winning master developer, Nakheel Properties. The upcoming development is situated on Palm Jumeirah and consists of 3 elements: leisure, residential and offices. In terms of properties, The Palm Gateway will offer a range of sophisticated apartments with 1-3 bedroom layouts, duplexes and penthouses, and will range in areas from 700 sq. ft to 2,300 sq. ft. The residential floors start from the tenth level, providing occupants with a stunning 360-degree seaview. It is worth noting that each residential floor houses a total of 8 units to ensure the utmost privacy of residents. There are a total of 1,265 units being constructed in this project.
There are the following towers in The Palm Gateway:
In addition, there is a 14-storey parking complex in this development, with nearly 4,000 parking spaces. The gross area of The Palm Gateway is 5.5 million sq. ft, of which 8,600 sq. ft is dedicated to retail space. To provide the ultimate leisure experiences, the 15th level, above the podium, houses a landscaped podium deck with a swimming pool and sports courts for all residents to use.
The Palm Gateway has an approximate price per sq. ft of AED 3,400 (USD 925). Taking this information into account, the initial cost for a 1-bedroom apartment is calculated at AED 2,380,000 (USD 648,000).
The Palm Gateway is located at the entrance of Palm Jumeirah, providing excellent transport connectivity to the mainland of Dubai. There are also 2 tram stops within the immediate vicinity of the complex, which are Palm Jumeirah1 and Palm Jumeirah2.
Real estate buyers will be keen to learn that The Palm Gateway is surrounded by the One & Only Royal Mirage, Arabian Court at One&Only Royal Mirage and Residence & Spa at One & Only Mirage, among other luxury hotels. Not forgetting famous F&B brands, such as The Dining Room, The Samovar Lounge and Traditional Cafe Courtyard, which provide the finest dining and cocktail experiences.
Within a 5-minute walk of the mixed-use building, occupants will be able to reach the following facilities:
At the same time, it will take about 10 minutes by car to access the below-mentioned destinations:
As well as all the above, it will take a maximum of 30 minutes’ to reach Dubai International Airport and Al Maktoum International Airport.
The estimated completion date of The Palm Gateway is set for 2026. The luxury complex is rather unique thanks to it being constructed right next to the Palm Monorail station. This means that homeowners will have instant access to the public transport network which is connected to the Dubai Metro. On top of that, in addition to the above-mentioned facilities, The Palm Gateway will house its own beach club and park, dining and shopping options, a barbecue area and a running track.
According to the latest Golden Visa overhaul, when buying an off-plan property worth AED 2M (USD 545K), you will be able to obtain a 10-year Golden Visa. This scheme enables individuals to live, work and do business in the UAE without an Emirati sponsorship. Please note that the new law regarding visa changes will take effect from September 2022.
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