The Fairmont Palm Residences, Palm Jumeirah

Palm Jumeirah, Dubai

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Strengths

Luxurious amenities

Prime location

High-quality construction and design

Weakens

High maintenance fees

Traffic congestion

Limited public transport options

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Strengths

Luxurious amenities

The residences offer a wide range of high-end amenities including a private beach, swimming pools, and a state-of-the-art fitness center.

Prime location

Situated on the iconic Palm Jumeirah, residents enjoy breathtaking waterfront views and easy access to luxury shopping and dining.

High-quality construction and design

The residences feature top-notch construction quality with elegant design elements that appeal to luxury living.

Weaknesses

High maintenance fees

Residents report that the maintenance fees are relatively high compared to other developments in the area.

Traffic congestion

Being on a man-made island, access can sometimes lead to traffic congestion, especially during peak hours.

Limited public transport options

There are few public transport options available, which may require residents to rely heavily on private vehicles.

Considerations

Investment potential

The property is located in a high-demand tourist area, which may contribute to a strong investment potential.

Community lifestyle

Consider how the community-focused lifestyle aligns with personal preferences, especially in a luxury environment.

Climate considerations

The hot climate in Dubai may lead to higher cooling costs, which should be taken into account when budgeting.

Buildign Overview

Summary

The Fairmont Palm Residences offers luxurious living on Palm Jumeirah, one of Dubai's premier locations renowned for its stunning waterfront views.
The development is conveniently located near multiple five-star hotels, restaurants, and entertainment venues, making it an ideal choice for both residents and investors.
Residents benefit from easy access to the city's main highways and public transport, enhancing connectivity to other parts of Dubai.

Properties Overview

The building features a variety of residential units, including 1 to 4-bedroom apartments and beachfront villas, catering to diverse living preferences.
Currently, rental prices range from AED 150,000 to AED 400,000 annually, while sales prices typically start from AED 2 million, with luxury units exceeding AED 10 million.

Market Trends

In the past year, the rental market has shown a steady growth of approximately 5%, indicating a strengthening demand for luxury properties in Palm Jumeirah.
Investors can expect a healthy return on investment (ROI) of around 7% due to the prime location and amenities that cater to affluent residents and tourists.
Anticipated future trends include an increase in luxury developments, which may further enhance property values in the area.

Living and Investing in the Building

Amenities, Schools, and Healthcare

Nearby essential services include various supermarkets, international schools, and healthcare facilities, such as hospitals and clinics, ensuring convenience for residents.

Transportation and Accessibility

The building is well-serviced by public transport, including the Dubai Metro and bus services, with ample parking available for residents and guests.

Lifestyle Amenities

Residents enjoy a wealth of lifestyle amenities including outdoor swimming pools, state-of-the-art fitness centers, fine dining restaurants, and access to private beaches.

Builing Facilities

The Fairmont Palm Residences is equipped with modern building facilities, including high-speed elevators, round-the-clock security, centralized air conditioning, and reliable maintenance services.

Special Services

Exclusive services include a personalized concierge, room service, and access to business centers, designed to cater to the high standards of comfort and convenience sought by residents.

Planning Your Move or Investment

Floor Plans and Property Types

A range of thoughtfully designed floor plans is available, from cozy 1-bedroom units to expansive 4-bedroom apartments, allowing potential residents and investors to find their ideal home.

Things to Consider

Prospective tenants and buyers should consider factors such as proximity to work, school options, local amenities, property maintenance fees, and long-term community developments.

Useful FAQs and Support

Events and Building Life

Building Events

The Fairmont Palm Residences hosts regular community events and social gatherings, fostering a close-knit environment for residents to connect and build relationships.

Community Identity

What sets this building apart is its unique blend of luxury and community, complemented by the iconic design of Palm Jumeirah and the upscale lifestyle it promotes.

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Detailed Buiding Insights

1. Family Friendliness

The Fairmont Palm Residences offers a kid-friendly environment with plenty of outdoor space, children's play areas, and family-oriented amenities, making it an ideal choice for families.

Exceptionally Welcoming

2. Living Options

Residents can choose from a variety of spacious apartments and penthouses, catering to different lifestyle preferences and family sizes, which adds to the diversity of living options.

Broadly Diverse

3. Safety And Security

The community features 24/7 security, surveillance systems, and gated access, ensuring a safe living environment for all residents.

Remarkably Secure

4. Transportation

While the area is well-connected through public transport and major roads, the need for private vehicles is common, which may not suit everyone.

Moderately Convenient

5. Amenities And Facilities

The Fairmont Palm Residences boasts a range of luxurious amenities including pools, a fitness center, a spa, and beach access, catering to various lifestyle needs.

Richly Equipped

6. Cost Of Living

Living in The Fairmont Palm Residences entails a premium cost reflective of the luxurious services and location, which may not be suitable for every budget.

Relatively High

7. Things To Do

Residents have access to numerous dining options, shopping, and entertainment venues nearby, as well as cultural events and activities available in the greater Palm Jumeirah area.

Vibrantly Diverse

8. Noise Levels

The community is well-designed to minimize noise, with many units offering serene views and quiet surroundings, promoting a calm living environment.

Generally Peaceful

9. Pet Friendliness

The Fairmont Palm Residences allows pets and offers amenities such as dog parks and nearby open spaces, making it suitable for pet owners.

Warmly Accommodating

Schools

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Key Information

Developer: IFA Hotels and Resorts

Building Type: Residential tower

Building Age: 15 years (Date of completion: 2009)

Length: 558 units

Unit Types : 1 to 5-bedroom apartments, townhouses and penthouses

Floors: 12 stories

Community Insights

Mostly apartments | Luxury | Well connected

Lowest: 135K - 260K AED/year

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