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Ready building · Nakheel

Palma Residence, Palm Jumeirah

Highlights

Palma Residence at a glance

About Palma Residence

Palma Residence is a residential building in Palm Jumeirah, Dubai, developed by Nakheel. It holds about 190 units: 4-bedroom apartments, 5-bedroom apartments, 5-bedroom apartments, 5-bedroom apartments.

The building was completed in 2015 and has been in use for about 11 years. Few units have changed hands recently, so prices here are set by a small number of sales. Recent sales went through at a median of AED 4,379 per sq ft.

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

In a nutshell

  • A residential ready building
  • Located in Palm Jumeirah, Dubai
  • Developed by Nakheel
  • Completed in Q2 2015
  • Unit types: 4 Beds, 5 Beds, 5 Beds, 5 Beds
  • Sizes from 1,860 to 6,110 sq ft
  • Service charge from AED 3.3 per sq ft
  • Nakheel metro station 2.9 km away
Status
Ready
Developer
Nakheel
Location
Palm Jumeirah, Dubai
Completed
Q2 2015
Unit types
4 Beds, 5 Beds, 5 Beds, 5 Beds
Prices from
AED 4.9M
Median price per sq ft
AED 4,379
Median gross yield
4.3%
Service charge
AED 3.3 per sq ft (2026)
Nearest metro
Palm Jumeirah, 1.7 km

Photos of Palma Residence

Building details

Inside Palma Residence

Properties in Palma Residence

4-bedroom apartments in Palma Residence

There are about 18 of these in Palma Residence, from 1,860 to 3,840 sq ft. None has sold recently enough to quote a price.

5-bedroom apartments in Palma Residence

There are about 1 of these in Palma Residence, from 3,500 sq ft. None has sold recently enough to quote a price.

5-bedroom apartments in Palma Residence

There are about 85 of these in Palma Residence, from 2,840 to 6,110 sq ft. None has sold recently enough to quote a price.

5-bedroom apartments in Palma Residence

There are about 86 of these in Palma Residence, from 2,840 to 6,110 sq ft. None has sold recently enough to quote a price.

Unit types in Palma Residence with sizes, median prices and rents
Unit typeUnitsSizeMedian priceMedian rent
4 Beds181,860 sqft172.8 sqmt – 3,840 sqft356.7 sqmtNo recent salesAED 340K
5 Beds13,500 sqft325.2 sqmtNo recent salesAED 607.5K
5 Beds852,840 sqft263.8 sqmt – 6,110 sqft567.6 sqmtNo recent salesAED 607.5K
5 Beds862,840 sqft263.8 sqmt – 6,110 sqft567.6 sqmtNo recent salesAED 607.5K

Recent transactions in Palma Residence

  • Palma Residence

    Palm Jumeirah

    AED 34M

    AED 7,494 /sqftAED 80,665 /sqmt

    ReadyApartment
    4,537 sqft421.5 sqmt5 BedsOwner14 Oct 2025

  • Palma Residence

    Palm Jumeirah

    AED 22.8M

    AED 5,163 /sqftAED 55,574 /sqmt

    ReadyApartment
    4,406 sqft409.3 sqmt5 BedsOwner6 Oct 2025

  • Palma Residence

    Palm Jumeirah

    AED 21.8M

    AED 3,863 /sqftAED 41,581 /sqmt

    ReadyApartment
    5,631 sqft523.1 sqmt5 BedsOwner1 Oct 2025

  • Palma Residence

    Palm Jumeirah

    AED 9.8M

    AED 2,628 /sqftAED 28,288 /sqmt

    ReadyApartment
    3,729 sqft346.4 sqmt4 BedsOwner10 Jul 2025

  • Palma Residence

    Palm Jumeirah

    AED 20.9M

    AED 5,712 /sqftAED 61,483 /sqmt

    ReadyApartment
    3,659 sqft339.9 sqmt5 BedsOwner8 May 2025

  • Palma Residence

    Palm Jumeirah

    AED 20M

    AED 5,460 /sqftAED 58,771 /sqmt

    ReadyApartment
    3,663 sqft340.3 sqmt5 BedsOwner8 May 2025

  • Palma Residence

    Palm Jumeirah

    AED 23.5M

    AED 6,388 /sqftAED 68,760 /sqmt

    ReadyApartment
    3,679 sqft341.8 sqmt5 BedsOwner3 Feb 2025

  • Palma Residence

    Palm Jumeirah

    AED 21.5M

    AED 5,574 /sqftAED 59,998 /sqmt

    ReadyApartment
    3,857 sqft358.3 sqmt5 BedsOwner17 Dec 2024

  • Palma Residence

    Palm Jumeirah

    AED 21M

    AED 5,739 /sqftAED 61,774 /sqmt

    ReadyApartment
    3,659 sqft339.9 sqmt5 BedsOwner9 Dec 2024

  • Palma Residence

    Palm Jumeirah

    AED 20.5M

    AED 3,981 /sqftAED 42,851 /sqmt

    ReadyApartment
    5,150 sqft478.5 sqmt5 BedsOwner6 Apr 2024

  • Palma Residence

    Palm Jumeirah

    AED 6M

    AED 1,839 /sqftAED 19,795 /sqmt

    ReadyApartment
    3,262 sqft303 sqmt4 BedsOwner1 Feb 2024

  • Palma Residence

    Palm Jumeirah

    AED 19.4M

    AED 5,200 /sqftAED 55,972 /sqmt

    ReadyApartment
    3,731 sqft346.6 sqmt5 BedsOwner4 Oct 2023

  • Palma Residence

    Palm Jumeirah

    AED 7.4M

    AED 1,984 /sqftAED 21,356 /sqmt

    ReadyApartment
    3,730 sqft346.5 sqmt4 BedsOwner10 Aug 2023

  • Palma Residence

    Palm Jumeirah

    AED 9M

    AED 2,610 /sqftAED 28,094 /sqmt

    ReadyApartment
    3,456 sqft321.1 sqmt4 BedsOwner4 Aug 2023

  • Palma Residence

    Palm Jumeirah

    AED 16.2M

    AED 4,966 /sqftAED 53,454 /sqmt

    ReadyApartment
    4,537 sqft421.5 sqmt5 BedsOwner2 Aug 2023

  • Palma Residence

    Palm Jumeirah

    AED 14.1M

    AED 3,643 /sqftAED 39,213 /sqmt

    ReadyApartment
    3,857 sqft358.3 sqmt5 BedsOwner26 Jun 2023

  • Palma Residence

    Palm Jumeirah

    AED 14.1M

    AED 3,840 /sqftAED 41,333 /sqmt

    ReadyApartment
    3,659 sqft339.9 sqmt5 BedsOwner23 Jun 2023

  • Palma Residence

    Palm Jumeirah

    AED 16.5M

    AED 4,776 /sqftAED 51,408 /sqmt

    ReadyApartment
    3,455 sqft321 sqmt5 BedsOwner30 May 2023

  • Palma Residence

    Palm Jumeirah

    AED 15M

    AED 3,659 /sqftAED 39,385 /sqmt

    ReadyApartment
    4,100 sqft380.9 sqmt5 BedsOwner28 Apr 2023

  • Palma Residence

    Palm Jumeirah

    AED 7.8M

    AED 2,078 /sqftAED 22,367 /sqmt

    ReadyApartment
    3,729 sqft346.4 sqmt4 BedsOwner18 Apr 2023

  • Palma Residence

    Palm Jumeirah

    AED 340K/yr

    VillaNew contract
    3,586 sqft333.2 sqmt4 Bedsto

  • Palma Residence

    Palm Jumeirah

    AED 1.2M/yr

    VillaNew contract
    3,654 sqft339.5 sqmt5 Bedsto

  • Palma Residence

    Palm Jumeirah

    AED 615K/yr

    VillaRenewal
    3,521 sqft327.1 sqmt5 Bedsto

  • Palma Residence

    Palm Jumeirah

    AED 400K/yr

    VillaNew contract
    2,840 sqft263.8 sqmt5 Bedsto

  • Palma Residence

    Palm Jumeirah

    AED 595K/yr

    VillaNew contract
    3,523 sqft327.3 sqmt5 Bedsto

  • Palma Residence

    Palm Jumeirah

    AED 600K/yr

    VillaNew contract
    2,916 sqft270.9 sqmt5 Bedsto

  • Palma Residence

    Palm Jumeirah

    AED 630K/yr

    VillaNew contract
    2,840 sqft263.8 sqmt5 Bedsto

Every sale in Palma ResidenceEvery rent contract in Palma Residence

Service charges in Palma Residence

The 2026 service charge in Palma Residence is AED 3.3 per sq ft for homes. 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 Palma Residence
Unit typeRate per sq ftSizeYearly charge
4 Beds Villa (2026)AED 3.31,860 sqft172.8 sqmt – 3,840 sqft356.7 sqmtAED 6,138 – AED 12,672
5 Beds Villa (2026)AED 3.32,840 sqft263.8 sqmt – 6,110 sqft567.6 sqmtAED 9,372 – AED 20,163

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

Available now

Properties for sale and rent in Palma Residence

Units in Palma Residence listed with fäm right now. Each listing has its own photos, price and the broker handling it.

Nearby amenities

Around Palma Residence

Transportation near Palma Residence

The nearest Dubai Metro station from Palma Residence is Nakheel (red line, 2.9 km, about 8 min drive), then Dubai Internet City (red line, 2.9 km, about 8 min drive). Stations planned on new lines nearby include Palm Jumeirah (orange line, 1.7 km, about 5 min drive) and Knowledge Village (orange line, 1.7 km, about 5 min drive). Most residents will drive or take a taxi to the metro.

  • Palm JumeirahOrange line · 1.7 km · about 5 min drive
  • Knowledge VillageOrange line · 1.7 km · about 5 min drive
  • Al SufuohOrange line · 1.9 km · about 6 min drive
  • Media CityOrange line · 2.1 km · about 6 min drive
  • Mina SeyahiOrange line · 2.5 km · about 7 min drive
  • NakheelRed line · 2.9 km · about 8 min drive

Shopping and groceries near Palma Residence

The closest is Limited retail along Shoreline Apartments, 0.4 km from Palma Residence (about 5 min walk).

  • Limited retail along Shoreline ApartmentsShopping Mall · 0.4 km · about 5 min walk
  • Spinneys / Emaar Towers, Dubai MarinaSupermarket · 3 km · about 8 min drive
  • The PointeShopping Mall · 3 km · about 8 min drive
  • Marina WalkShopping Mall · 3.1 km · about 8 min drive
  • Al Maya / Bahar 6, Jumeirah Beach ResidenceSupermarket · 4.1 km · about 10 min drive

Restaurants and hotels near Palma Residence

The closest is The Residences, Palm Jumeirah, 0.7 km from Palma Residence (about 8 min walk).

  • The Residences, Palm JumeirahHotel · 0.7 km · about 8 min walk
  • Oceana, The Palm JumeirahHotel · 0.7 km · about 8 min walk
  • Marina View Deluxe Hotel ApartmentHotel · 1.1 km · about 13 min walk
  • Lotus Hotel Apartments & Spa - MarinaHotel · 1.2 km · about 14 min walk
  • One&Only Royal MirageHotel · 1.7 km · about 5 min drive

Hospitals and clinics near Palma Residence

The closest is Mediclinic - Al Sufouh, 1.9 km from Palma Residence (about 6 min drive).

  • Mediclinic - Al SufouhHospital · 1.9 km · about 6 min drive
  • Cosmesurge & Emirates HospitalHospital · 3.1 km · about 8 min drive
  • Dr Marc Mueller VIP ClinicHospital · 3.1 km · about 8 min drive
  • Saudi German HospitalHospital · 4.1 km · about 10 min drive
  • Armada Medical CentreHospital · 4.2 km · about 10 min drive

Parks and leisure near Palma Residence

The closest is JBR Beach, 4.2 km from Palma Residence (about 10 min drive).

  • JBR BeachPark · 4.2 km · about 10 min drive

Schools near Palma Residence

The nearest is Icademy Middle East Fz.Llc, 1.8 km away. Ratings are the KHDA's latest inspection grades.

  • Icademy Middle East Fz.LlcAmerican · KHDA: Not inspected yet · 1.8 km
  • Dubai CollegeUK · KHDA: Outstanding · 2.2 km
  • The International School of ChoueifatSABIS (UK/US) · KHDA: Acceptable · 2.5 km
  • GEMS Dubai American Academy - Dubai BranchAmerican - International Baccalaureate · KHDA: Outstanding · 3.5 km
  • GEMS Wellington International School - Dubai BranchUK - UK/IB - International Baccalaureate (1 · KHDA: Outstanding · 3.6 km
  • American School DubaiAmerican · KHDA: Good · 3.8 km

Other buildings in Palm Jumeirah

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

All 148 Palm Jumeirah buildings →

Things to consider about Palma 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.
  • The nearest running metro station is 2.9 km away, so a car helps.

Specialists

Brokers who know Palma Residence

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

FAQs

Palma Residence: questions answered

Palma Residence was developed by Nakheel in Palm Jumeirah.

Palma Residence is completed in Q2 2015.

Across its 20 most recent registered sales, Palma Residence sold for a median of AED 4,379 per sq ft and AED 18.0M per unit.

Recent yearly contracts in Palma Residence have a median rent of AED 600.0K.

The median gross yield on recently sold units in Palma Residence is 4.3%: the rent the unit earned over its purchase price, before costs.

The 2026 service charge for residential units in Palma Residence is AED 3.3 per sq ft a year, as registered with the Dubai Land Department.

Palma Residence has 4 Beds (1,860 to 3,840 sq ft), 5 Beds (3,500 sq ft), 5 Beds (2,840 to 6,110 sq ft), 5 Beds (2,840 to 6,110 sq ft).

Palm Jumeirah is about 1.7 km from Palma Residence.

The nearest schools include Icademy Middle East Fz.Llc (1.8 km), Dubai College (2.2 km), The International School of Choueifat (2.5 km).

Buying, selling or renting in Palma Residence?

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

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