The Fairmont Palm Residences is a complex consisting of several buildings: Fairmont The Palm Residence South, Fairmont The Palm Residence North and Fairmont The Palm. All objects are located on the artificially created island, Palm Jumeirah. The project was developed by the international company IFA Hotels and Resorts in 2009. Now in the complex there are 558 apartments with 1, 2, 3, 4 and 5 bedrooms, as well as townhouses and penthouses.
The Fairmont Palm Residences features indoor and outdoor pools, beautiful gardens, a modern gym, underground parking, stores, cafes and restaurants.
Apartments range in size from 119.8 to 507.7 sq. m (1,290 to 5465 sq. ft). Prices start at USD 517,288 and go up to USD 1,905,526 (AED 1,900,000-6,999,000).
A three-bedroom townhouse of 480.9 sq. m (5,177 sq. ft) will cost USD 1,334,059 (AED 4,900,000).
A four bedroom penthouse of 462.2 sq. m (4976 sq. ft) has a starting price of USD 2,137,217 (AED 7,850,000).
The Fairmont Palm Residences is located on The Palm Jumeirah. The main feature of the complex’s location is its convenient transport connections. The area has lots of local public transport access: metro, bus and train (within the island). The nearest bus stop is Knowledge Village, which is a 5-minute ride away; Royal Mirage 12 is a 6-minute ride away, and Al Khail and Dubai Internet City metro stations are a 10-minute ride away.
The nearest catering establishments are Olives, Frevo, and Al Magheeb, etc.
The following grocery supermarkets are available for residents of the complex: Swiss Mart Supermarket, Quick Buy, and Cherry Express Minimart.
A 15 minute drive from The Fairmont Palm Residences are attractions such as Aquaventure Waterpark and The Lost Chamber Aquarium, where you can enjoy water rides and explore the underwater world.
Palm Jumeirah is a good area not only in terms of permanent residence, but also in terms of investment in real estate. To date, the return on investment is 4.25%.
As for the complex, The Fairmont Palm Residence, the most profitable properties to acquire are apartments with one bedroom. Their return on investment is 6.5%.
Sign up for our weekly newsletter for market updates!