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Fairmont North Residence Palm Jumeirah

Fairmont North Residence Palm Jumeirah

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No.9, Dubai Marina, Dubai

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Strengths

Luxurious Amenities

Stunning Views

Prime Location

Weakens

High Maintenance Fees

Traffic Congestion

Limited Public Transportation

Area JLT

Family Friendly, Affordable

High-rise living by serene lakes

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Description

Fairmont North Residence Palm Jumeirah

Real Estate Overview

Building Overview

  • The Fairmont North Residence is situated in the prestigious Palm Jumeirah, known for its luxurious lifestyle and waterfront living.
  • This iconic building is strategically located near high-end retail outlets, fine dining establishments, and various leisure attractions.
  • Residents enjoy convenient access to Dubai's extensive public transport network, enhancing connectivity to the rest of the city.

Properties Overview

  • The residence features a stunning selection of apartments ranging from spacious studios to lavish multi-bedroom penthouses.
  • Rental prices typically range from AED 150,000 to AED 500,000 annually, while sale prices vary from AED 2 million to AED 10 million based on unit size and floor.
  • High demand for penthouses, particularly those with panoramic sea views, makes them a desirable investment.

Market Trends

  • Recently, Palm Jumeirah has experienced a steady increase in property values, with rental prices growing by approximately 5-10% over the past year.
  • Sales trends indicate that ROI for rental properties remains strong, with an average yield around 6-7%.
  • Future expectations suggest continued growth, particularly as more amenities and attractions are developed in the area.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Quick access to premier supermarkets like Spinneys and Carrefour, along with a variety of international schools and healthcare facilities.
  • Nearby hospitals include Medcare and American Hospital Dubai, ensuring that residents have access to excellent medical care.

Transportation and Accessibility

  • Well-connected by the Dubai Metro and numerous bus services, the Fairmont North Residence offers easy travel options to key destinations.
  • Ample parking spaces are available for residents and their guests, enhancing convenience.

Lifestyle Amenities

  • The building includes top-tier amenities such as a state-of-the-art fitness center, outdoor swimming pools, and spa facilities.
  • Residents can enjoy a range of dining options available within walking distance, as well as community parks and beach access.

Builing Facilities

  • Additional facilities include high-speed elevators, 24/7 security services, and central air conditioning for optimal comfort.
  • Professional maintenance services ensure that all aspects of the building are well-managed.

Special Services

  • Exclusive concierge services are available to assist residents with bookings, transportation, and various personal requests.
  • Business centers equipped with meeting rooms and workspaces cater to professionals looking to balance work and leisure.

Planning Your Move or Investment

Floor Plans and Property Types

  • Offers a variety of intelligently designed floor plans that cater to various lifestyles, from singles to large families.
  • Options include open-concept layouts, spacious balconies, and premium finishes that enhance the living experience.

Things to Consider

  • Evaluate proximity to schools and workplaces when choosing your unit.
  • Consider safety, building maintenance, and community amenities that align with your lifestyle preferences.

Useful FAQs and Support

Events and Building Life

Building Events

  • The building hosts regular community events such as rooftop gatherings, holiday celebrations, and networking functions, promoting a vibrant resident culture.
  • Special interest groups and clubs provide opportunities for residents to meet and engage with their neighbors.

Community Identity

  • Fairmont North Residence is distinguished by its luxurious design and commitment to providing a high-end lifestyle experience.
  • It embodies the essence of Dubai living, with its blend of modern architecture and resort-style amenities.

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Detailed Buiding Insights

1. Family Friendliness

The community offers family-oriented activities, spacious accommodations, and proximity to schools and parks, making it ideal for families.

Exceptionally Welcoming

2. Living Options

The residence features a range of high-end apartments and villas, catering to various preferences and lifestyles, with breathtaking views of the Palm and the sea.

Luxuriously Varied

3. Safety And Security

With advanced security measures in place, including 24/7 surveillance, gated access, and on-site security personnel, residents feel safe and protected.

Remarkably Secure

4. Transportation

While accessible, the neighborhood requires a vehicle for easy commuting due to its location, but it's well-connected to major roads and the Dubai public transport system.

Moderately Convenient

5. Amenities And Facilities

The residence boasts top-notch amenities including pools, gyms, fine dining options, and wellness facilities that cater to a wide range of needs and preferences.

Richly Equipped

6. Cost Of Living

Though living costs are on the higher side, they reflect the luxurious lifestyle and exceptional quality of living offered by the residence.

Premium but Justifiable

7. Things To Do

Residents can enjoy numerous recreational options including beach access, water sports, and local attractions, ensuring there’s always something to do.

Vibrantly Diverse

8. Noise Levels

Despite being a lively area, the residence enjoys a peaceful ambiance, shielded from the noise of the city thanks to its location and design.

Generally Peaceful

9. Pet Friendliness

The community is pet-friendly, with designated areas for pets and easy access to nearby parks, making it an inviting environment for pet owners.

Warmly Accommodating

Price Insights

Price Trends
2 Bedrooms apartments rented in Damac and Dubai Marina
Average Prices
This data displayed is based on properystellar last 12 months data.
Name Type Avg. Price (AED / year)
Villa (2Beds)
Sale
1.3M AED
Apartment (1Beds)
Sale
850K AED
Villa (3Beds)
Rent
168K AED

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Local Information

Buy: 204.4K AED - 382.3K AED

Rent: 21.4K AED - 33.7K AED

Length: 200 sqft

Building Age: 11 Years

Floors: 29

Length of Stay:

Short Term : 3.92%
Short Term : 3.92%

A freehold master development divided into six districts, already containing over 350 towers or townhouse rows and 33 landscaped parks. 

Near by Buildings

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