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Ready building · DAMAC

Dream Palm Residence, Palm Jumeirah

Highlights

Dream Palm Residence at a glance

About Dream Palm Residence

Dream Palm Residence is a mixed-use building in Palm Jumeirah, Dubai, developed by DAMAC. It holds about 113 units: 2-bedroom apartments, 3-bedroom apartments, 4-bedroom apartments, 5-bedroom apartments, commercial units.

The building was completed in 2008 and has been in use for about 18 years. 1 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 2,072 per sq ft.

Dream Palm Residence is one of 148 buildings in Palm Jumeirah: 88 are complete and 22 are still being built.

In a nutshell

  • A mixed-use ready building
  • Located in Palm Jumeirah, Dubai
  • Developed by DAMAC
  • Completed in Q4 2008
  • Unit types: 2 Beds, 3 Beds, 4 Beds, 5 Beds, Commercial
  • Sizes from 2,220 to 11,600 sq ft
  • Features: Oceanfront
  • Service charge from AED 26.25 per sq ft
  • Dubai Internet City metro station 3.2 km away
Status
Ready
Developer
DAMAC
Location
Palm Jumeirah, Dubai
Completed
Q4 2008
Unit types
2 Beds, 3 Beds, 4 Beds, 5 Beds, Commercial
Prices from
AED 4.9M
Median price per sq ft
AED 2,072
Median gross yield
5.7%
Service charge
AED 26.25 per sq ft (2017)
Nearest metro
Al Sufuoh, 2 km

Photos of Dream Palm Residence

Building details

Inside Dream Palm Residence

Facilities in Dream Palm Residence

Dream Palm Residence lists one facility for its residents.

  • Oceanfront

Properties in Dream Palm Residence

2-bedroom apartments in Dream Palm Residence

There are about 52 of these in Dream Palm Residence, from 2,220 to 3,130 sq ft. None has sold recently enough to quote a price.

3-bedroom apartments in Dream Palm Residence

There are about 44 of these in Dream Palm Residence, from 2,750 to 3,570 sq ft. None has sold recently enough to quote a price.

4-bedroom apartments in Dream Palm Residence

There are about 10 of these in Dream Palm Residence, from 5,000 to 11,600 sq ft. They have recently sold for a median of AED 11.3M, or AED 2,060 per sq ft.

5-bedroom apartments in Dream Palm Residence

There are about 6 of these in Dream Palm Residence, from 6,250 to 8,510 sq ft. None has sold recently enough to quote a price.

Commercial units in Dream Palm Residence

There are about 1 of these in Dream Palm Residence, from 3,600 sq ft. None has sold recently enough to quote a price.

Unit types in Dream Palm Residence with sizes, median prices and rents
Unit typeUnitsSizeMedian priceMedian rent
2 Beds522,220 sqft206.2 sqmt – 3,130 sqft290.8 sqmtNo recent sales–
3 Beds442,750 sqft255.5 sqmt – 3,570 sqft331.7 sqmtNo recent sales–
4 Beds105,000 sqft464.5 sqmt – 11,600 sqft1,077.7 sqmtAED 11.3M–
5 Beds66,250 sqft580.6 sqmt – 8,510 sqft790.6 sqmtNo recent sales–
Commercial13,600 sqft334.5 sqmtNo recent sales–

Recent transactions in Dream Palm Residence

  • Dream Palm Residence

    Palm Jumeirah

    AED 11.3M

    AED 2,059 /sqftAED 22,163 /sqmt

    ReadyApartment
    5,463 sqft507.5 sqmt4 BedsOwner28 Oct 2026

  • Dream Palm Residence

    Palm Jumeirah

    AED 7.2M

    AED 2,089 /sqftAED 22,486 /sqmt

    ReadyApartment
    3,423 sqft318 sqmt3 BedsOwner24 Jul 2025

  • Dream Palm Residence

    Palm Jumeirah

    AED 6.6M

    AED 2,102 /sqftAED 22,626 /sqmt

    ReadyApartment
    3,140 sqft291.7 sqmt3 BedsOwner30 Apr 2025

  • Dream Palm Residence

    Palm Jumeirah

    AED 5.7M

    AED 2,061 /sqftAED 22,184 /sqmt

    ReadyApartment
    2,766 sqft257 sqmt3 BedsOwner24 Apr 2024

  • Dream Palm Residence

    Palm Jumeirah

    AED 18M

    AED 2,557 /sqftAED 27,523 /sqmt

    ReadyApartment
    7,040 sqft654 sqmt5 BedsOwner21 Dec 2023

  • Dream Palm Residence

    Palm Jumeirah

    AED 7.5M

    AED 2,514 /sqftAED 27,060 /sqmt

    ReadyApartment
    2,983 sqft277.1 sqmt3 BedsOwner28 Nov 2023

  • Dream Palm Residence

    Palm Jumeirah

    AED 15.5M

    AED 2,202 /sqftAED 23,702 /sqmt

    ReadyApartment
    7,040 sqft654 sqmt5 BedsOwner4 Oct 2023

  • Dream Palm Residence

    Palm Jumeirah

    AED 4.3M

    AED 1,917 /sqftAED 20,634 /sqmt

    ReadyApartment
    2,243 sqft208.4 sqmt2 BedsOwner16 Dec 2022

  • Dream Palm Residence

    Palm Jumeirah

    AED 16M

    AED 2,083 /sqftAED 22,421 /sqmt

    ReadyApartment
    7,683 sqft713.8 sqmt4 BedsOwner10 May 2022

  • Dream Palm Residence

    Palm Jumeirah

    AED 3.7M

    AED 1,589 /sqftAED 17,104 /sqmt

    ReadyApartment
    2,329 sqft216.4 sqmt2 BedsOwner28 Apr 2022

  • Dream Palm Residence

    Palm Jumeirah

    AED 3.3M

    AED 1,498 /sqftAED 16,124 /sqmt

    ReadyApartment
    2,217 sqft206 sqmt2 BedsOwner19 Oct 2021

  • Dream Palm Residence

    Palm Jumeirah

    AED 3.1M

    AED 1,111 /sqftAED 11,959 /sqmt

    ReadyApartment
    2,769 sqft257.2 sqmt2 BedsOwner15 Sept 2021

  • Dream Palm Residence

    Palm Jumeirah

    AED 4.2M

    AED 1,477 /sqftAED 15,898 /sqmt

    ReadyApartment
    2,819 sqft261.9 sqmt3 BedsOwner15 Sept 2021

  • Dream Palm Residence

    Palm Jumeirah

    AED 5.4M

    AED 1,876 /sqftAED 20,193 /sqmt

    ReadyApartment
    2,877 sqft267.3 sqmt3 BedsOwner28 Jul 2021

  • Dream Palm Residence

    Palm Jumeirah

    AED 5.5M

    AED 1,839 /sqftAED 19,795 /sqmt

    ReadyApartment
    2,989 sqft277.7 sqmt3 BedsOwner9 Mar 2021

  • Dream Palm Residence

    Palm Jumeirah

    AED 2.9M

    AED 1,244 /sqftAED 13,390 /sqmt

    ReadyApartment
    2,331 sqft216.6 sqmt2 BedsOwner26 Nov 2020

  • Dream Palm Residence

    Palm Jumeirah

    AED 6.6M

    AED 2,300 /sqftAED 24,757 /sqmt

    ReadyApartment
    2,877 sqft267.3 sqmt3 BedsDeveloper21 Sept 2015

  • Dream Palm Residence

    Palm Jumeirah

    AED 13.7M

    AED 2,500 /sqftAED 26,910 /sqmt

    ReadyApartment
    5,463 sqft507.5 sqmt4 BedsDeveloper30 Jul 2015

  • Dream Palm Residence

    Palm Jumeirah

    AED 5.8M

    AED 2,500 /sqftAED 26,910 /sqmt

    ReadyApartment
    2,329 sqft216.4 sqmt2 BedsDeveloper24 Jun 2015

  • Dream Palm Residence

    Palm Jumeirah

    AED 13.7M

    AED 2,300 /sqftAED 24,757 /sqmt

    ReadyApartment
    5,975 sqft555.1 sqmt4 BedsDeveloper14 Apr 2015

Every sale in Dream Palm ResidenceEvery rent contract in Dream Palm Residence

Service charges in Dream Palm Residence

The 2017 service charge in Dream Palm Residence is AED 26.25 per sq ft for homes, AED 26.25 per sq ft for shops. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department.

Service charges in Dream Palm Residence
Unit typeRate per sq ftSizeYearly charge
2 Beds Apartment (2017)AED 26.252,220 sqft206.2 sqmt – 3,130 sqft290.8 sqmtAED 58,275 – AED 82,163
3 Beds Apartment (2017)AED 26.252,750 sqft255.5 sqmt – 3,570 sqft331.7 sqmtAED 72,188 – AED 93,713
4 Beds Apartment (2017)AED 26.255,000 sqft464.5 sqmt – 11,600 sqft1,077.7 sqmtAED 131,250 – AED 304,500
5 Beds Apartment (2017)AED 26.256,250 sqft580.6 sqmt – 8,510 sqft790.6 sqmtAED 164,063 – AED 223,388
Retail (2017)AED 26.253,600 sqft334.5 sqmtAED 94,500 – AED 94,500

Source: Dubai Land Department service charge index. Rates are reviewed each year.

Nearby amenities

Around Dream Palm Residence

Transportation near Dream Palm Residence

The nearest Dubai Metro station from Dream Palm Residence is Dubai Internet City (red line, 3.2 km, about 8 min drive), then Sharaf DG (red line, 3.9 km, about 10 min drive). Stations planned on new lines nearby include Al Sufuoh (orange line, 2 km, about 6 min drive) and Knowledge Village (orange line, 2.3 km, about 7 min drive). Most residents will drive or take a taxi to the metro.

  • Al SufuohOrange line · 2 km · about 6 min drive
  • Knowledge VillageOrange line · 2.3 km · about 7 min drive
  • Palm JumeirahOrange line · 2.7 km · about 7 min drive
  • Dubai Internet CityRed line · 3.2 km · about 8 min drive
  • Media CityOrange line · 3.3 km · about 9 min drive
  • Mina SeyahiOrange line · 3.7 km · about 9 min drive

Shopping and groceries near Dream Palm Residence

The closest is Limited retail along Shoreline Apartments, 1.7 km from Dream Palm Residence (about 5 min drive).

  • Limited retail along Shoreline ApartmentsShopping Mall · 1.7 km · about 5 min drive
  • The PointeShopping Mall · 3.2 km · about 8 min drive
  • Times Square CenterShopping Mall · 3.8 km · about 10 min drive
  • Souk MadinatShopping Mall · 3.8 km · about 10 min drive
  • Souk Al BaharShopping Mall · 3.8 km · about 10 min drive

Restaurants and hotels near Dream Palm Residence

The closest is The Residences, Palm Jumeirah, 1.9 km from Dream Palm Residence (about 6 min drive).

  • The Residences, Palm JumeirahHotel · 1.9 km · about 6 min drive
  • Lotus Hotel Apartments & Spa - MarinaHotel · 1.9 km · about 6 min drive
  • Oceana, The Palm JumeirahHotel · 2 km · about 6 min drive
  • Marina View Deluxe Hotel ApartmentHotel · 2 km · about 6 min drive
  • One&Only Royal MirageHotel · 2.8 km · about 8 min drive

Hospitals and clinics near Dream Palm Residence

The closest is Mediclinic - Al Sufouh, 2.6 km from Dream Palm Residence (about 7 min drive).

  • Mediclinic - Al SufouhHospital · 2.6 km · about 7 min drive
  • Saudi German HospitalHospital · 4.2 km · about 10 min drive
  • Cosmesurge & Emirates HospitalHospital · 4.4 km · about 11 min drive
  • Dr Marc Mueller VIP ClinicHospital · 4.4 km · about 11 min drive
  • Holistic Healing Medical CentreHospital · 4.8 km · about 12 min drive

Parks and leisure near Dream Palm Residence

The closest is JBR Beach, 5.5 km from Dream Palm Residence (about 13 min drive).

  • JBR BeachPark · 5.5 km · about 13 min drive

Schools near Dream Palm Residence

The nearest is Dubai College, 2.2 km away. Ratings are the KHDA's latest inspection grades.

  • Dubai CollegeUK · KHDA: Outstanding · 2.2 km
  • Icademy Middle East Fz.LlcAmerican · KHDA: Not inspected yet · 2.5 km
  • The International School of ChoueifatSABIS (UK/US) · KHDA: Acceptable · 2.6 km
  • GEMS Wellington International School - Dubai BranchUK - UK/IB - International Baccalaureate (1 · KHDA: Outstanding · 3.3 km
  • GEMS Dubai American Academy - Dubai BranchAmerican - International Baccalaureate · KHDA: Outstanding · 3.5 km
  • American School DubaiAmerican · KHDA: Good · 3.9 km

Other buildings in Palm Jumeirah

Palm Jumeirah has 148 buildings. A few others to compare Dream Palm Residence with:

All 148 Palm Jumeirah buildings →

Things to consider about Dream Palm Residence

In its favour

  • Ready to move into or let, with no construction risk.
  • Several schools within 3 km.

Worth checking

  • Few sales each year, so a resale can take longer and prices move on a handful of deals.
  • Service charges of up to AED 26.25 per sq ft are on the higher side for Dubai.
  • Completed 18 years ago: ask about maintenance and any planned refurbishment.
  • The nearest running metro station is 3.2 km away, so a car helps.

Specialists

Brokers who know Dream Palm Residence

These brokers handle sales and lettings in Dream Palm Residence and can tell you what is available now.

FAQs

Dream Palm Residence: questions answered

Dream Palm Residence was developed by DAMAC in Palm Jumeirah.

Dream Palm Residence is completed in Q4 2008.

Across its 20 most recent registered sales, Dream Palm Residence sold for a median of AED 2,072 per sq ft and AED 6.2M per unit.

The median gross yield on recently sold units in Dream Palm Residence is 5.7%: the rent the unit earned over its purchase price, before costs.

The 2017 service charge for residential units in Dream Palm Residence is AED 26.25 per sq ft a year, as registered with the Dubai Land Department.

Dream Palm Residence has 2 Beds (2,220 to 3,130 sq ft), 3 Beds (2,750 to 3,570 sq ft), 4 Beds (5,000 to 11,600 sq ft), 5 Beds (6,250 to 8,510 sq ft), Commercial (3,600 sq ft).

Al Sufuoh is about 2 km from Dream Palm Residence.

The nearest schools include Dubai College (2.2 km), Icademy Middle East Fz.Llc (2.5 km), The International School of Choueifat (2.6 km).

Buying, selling or renting in Dream Palm Residence?

A broker who works Palm Jumeirah will tell you what is available and what comparable homes went for.

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