A deluxe three-bedroom condo was recently snapped up by a private buyer from the Netherlands. The lead for the premium listing, which came from the JamesEdition platform, resulted in the property being purchased for AED 18 million (approximately $4.9 million).
The sleek Dubai apartment boasts a sought-after address – One at Palm Jumeirah – and is part of an upscale complex that’s home to 94 dazzling residences and managed by the Dorchester Collection.
One at Palm Jumeirah
The one-of-a-kind structure is among the most exclusive residential projects in Dubai. Designed by award-winning New York firm SOMA, the striking building is enviably positioned on the trunk of The Palm, overlooking the Persian Gulf and the glittering skyline.
To learn more about the property and the sale, we spoke to Negar Assadi at Dubai’s Driven Properties, the listing agent responsible for marketing the property.
A winning combination of agency expertise and fabulous investment potential
The property brokerage and consultancy firm was established in 2012 and offers affluent buyers a one-stop shop for their real estate needs. Each dedicated team member has an in-depth knowledge of Dubai’s housing market, including trends and prices.
According to Assadi, the global pandemic was an “opportunity for high-net-worth individuals to uncover the UAE”, with people who usually visited Europe heading to Dubai instead, because of the minimal travel restrictions and the low number of COVID cases.
The benefits were soon discovered: value for money compared to Europe, impressive new housing and retail developments, an expat-friendly environment, no tax on real estate purchases or rentals, and VAT as low as 5%.
Dubai offers higher value for many compared to Europe. Image: One at Palm Jumeirah
Furthermore, Dubai’s property market is steadily growing; real estate represents an exciting and profitable investment opportunity, with higher returns than in Europe.
“We use a 360 approach when it comes to advertising,” says Assadi. “JamesEdition is one of the portals we use for our premium listings, and where the buyer of this particular property first saw the One at Palm Jumeirah unit.”
One at Palm Jumeirah: unique and coveted
Since the launch of the upscale property development, the value of its unit has significantly increased. Each capacious open-plan home oozes style and luxury, and offers plenty of space for relaxing and entertaining. Outstanding features include double-height ceilings, the use of natural materials, private terraces complete with pools, and glorious cityscape views.
Apartments in One at Palm Jumeirah
Owners of these peaceful havens can also experience a full array of personalized services and amenities, including nourishing treatments at the onsite spa and salon, children’s areas, movie nights at the state-of-the-art cinema, indoor and outdoor pools, pilates, a fully equipped gym, private beach, and jetty. And nothing is too much trouble for the valets, butlers, housekeepers, and concierge.
Meanwhile, out in the extensive grounds, world-renowned landscaper Vladimir Djurovic has created a sustainable and serene tropical wonderland using lush vegetation and water elements.
Spectacular location and a world icon
The eye-catching complex stands proudly on a premier plot on The Palm – a man-made marvel of modern engineering surrounded by pristine beaches and the glistening waters of the Arabian Gulf.
One at Palm Jumeirah
Dubai Marina, Aquaventure Waterpark, and the Mall of the Emirates are just a 10-minute drive away, while Michelin-starred restaurants such as Stay by Yannick Alléno, Al Muntaha, Ossiano, Hakkasan, Torno Subito, and Trèsind Studio are reachable in less than a quarter of an hour.
