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Disruptive Real Estate

Nakheel · Palm Jumeirah

Olaia Residences

  • Apartments
  • Duplexes
Starting from
AED 3,200,000
Bedrooms
1–5 BR
Size
851–4,125 sqft
Payment plan
On request
Completion
1%
Available
149 / 149
Handover
Q4 2027

About Olaia Residences

Off Plan Palm Jumeirah Address

Olaia Residences is a single tower of 2 basement, ground and 10 upper floors plus roof, delivering 149 apartments and duplexes on Palm Jumeirah's trunk, directly opposite Fairmont The Palm. Developed by Nakheel, the project sits among a limited pool of new off plan projects Palm Jumeirah currently offers, with escrow funds held at First Abu Dhabi Bank and handover scheduled for Q4 2027.

The unit mix spans 1, 2, 3, 4 and 5-bedroom layouts across apartments and duplexes, giving buyers a range of entry points into apartments for sale in Palm Jumeirah, from compact 851 sqft one-bedroom units up to 4,125 sqft five-bedroom duplexes.

Palm Jumeirah Apartments And Duplexes

The building offers six typologies: 1-bedroom apartments from 851 sqft, 2-bedroom apartments from 1,558 sqft, 3-bedroom apartments from 2,163 sqft, 3-bedroom duplexes from 2,260 sqft, 4-bedroom duplexes from 2,999 sqft and 5-bedroom duplexes from 4,125 sqft. Furnished options are available on select units, and interiors extend to walk-in closets and dedicated bathroom fit-outs shown in the developer's presentation materials.

Pricing starts from AED 3.2M for the smallest one-bedroom apartment and rises to AED 20.2M for the largest five-bedroom duplex, positioning Olaia Residences within the upper tier of properties for sale in Palm Jumeirah.

Amenities And Wellness Facilities

Residents get access to indoor and outdoor rooftop pools, a rooftop yoga area, a fitness center, and a spa with steam room, sauna, cold plunge pool and massage rooms. A private ballroom, cigar lounge, business center and mini golf round out the leisure offering, alongside 24/7 security and concierge, valet parking and a kids' area with BBQ space.

The building's rooftop lounge and pool decks are designed to make use of the tower's height above the surrounding low-rise villa clusters on the trunk, giving residents open sightlines toward the wider island.

Palm Jumeirah Property Investment Case

Palm Jumeirah property investment is underpinned by finite land supply. No new land can be reclaimed on the island, which keeps new-build stock limited even as demand from high-net-worth tenants remains strong. Olaia Residences adds only 149 units to that constrained supply, a factor that supports resale value for owners entering at the off-plan stage.

The project's trunk location, opposite Fairmont The Palm and near Nakheel Mall, places it in one of the more consistently performing micro-locations on the island for both rental yield and capital appreciation.

Key highlights

  • 149 units across a single 2B+G+10+Roof tower
  • Trunk location directly opposite Fairmont The Palm
  • 1 to 5-bedroom apartments and duplexes from 851 to 4,125 sqft
  • Prices from AED 3.2M, handover Q4 2027
  • Escrow held with First Abu Dhabi Bank
  • Rooftop pools, spa, mini golf and private ballroom

Why this project

  • Nakheel-developed trunk address on Palm Jumeirah, opposite Fairmont The Palm, with only 149 units and Q4 2027 handover.

Amenities

  • 24/7 security and concierge
  • private ballroom
  • cigar lounge
  • business center
  • mini golf
  • valet parking
  • furnished options
  • kids' area and BBQ space
  • rooftop lounge

Location

Trunk Location And Nearby Amenities

Olaia Residences sits on the Palm Jumeirah trunk, directly opposite Fairmont The Palm, within walking distance of Golden Mile Galleria, Nakheel Mall and West Beach. Atlantis The Royal and One&Only The Palm are also close by, along with Etihad Park, Dubai's largest landscaped green space on the island, which is directly adjacent to the project.

The trunk position gives residents access to waterfront dining, boutique retail and water sports facilities including jet skiing, parasailing and yachting from the island's private beaches, without needing to travel to the fronds or crescent.

Connectivity To Central Dubai

The development is roughly 3 minutes from Nakheel Mall, 5 minutes from West Beach and Atlantis The Royal and Atlantis The Palm, 10 minutes from Dubai Marina, 15 minutes from Burj Al Arab, and 20 to 25 minutes from Burj Khalifa and Dubai Mall. DIFC is around 25 minutes away, Dubai International Airport (DXB) about 30 minutes, and Al Maktoum International Airport (DWC) roughly 35 minutes by car.

Access to the mainland runs via Palm Jumeirah's monorail and the trunk road, giving residents a choice of car, monorail or boat to reach the rest of the city.

Project information

Developer
Nakheel
Location
Palm Jumeirah
Handover
Q4 2027
Total units
149
RERA Escrow
First Abu Dhabi Bank
DLD Project #
3519

DLD-verified today

Project intelligence

Live DLD data

Real Dubai Land Department transactions and rent contracts — not developer marketing.

Olaia Residences — handover progress

1%
LaunchAug 2023
Today15mo to handover
HandoverQ4 2027

Resale at Olaia Residences

10 transactions · last 12 months

Avg / sqft
AED 3,973
Avg price
AED 6,224,326
Year-on-year
-7.9%
Range
AED 3,426,422AED 8,503,978
By unit size
  • 1 BRAED 4,088/sqft3 sales
  • 2 BRAED 4,027/sqft5 sales
  • 3 BRAED 3,787/sqft2 sales

Palm Jumeirah market

1 br · 273 sales analyzed

High activity
Avg / sqft
AED 3,493
Sales last 6 mo
69
Year-on-year
-16.9%
Off-plan vs ready
80.0% pricier
AED 4,949 vs 2,749
4.7%

Indicative gross yield

At the starting price of AED 3,200,000, typical rent for a 1 br in Palm Jumeirah (AED 150,000/year, ~AED 12,500/month) implies a 4.7% gross yield.

Based on 500 DLD rent contracts in the last 12 months. Gross yield excludes service charges, vacancy and management fees.

Source: Dubai Land Department open data. Analytics are computed from registered transactions and rent contracts; figures are indicative and not a guarantee of future performance.

Bedrooms available at Olaia Residences

Frequently asked questions about Olaia Residences

Where exactly is Olaia Residences located on Palm Jumeirah?

It sits on the Palm Jumeirah trunk, directly opposite the Fairmont The Palm hotel, near Golden Mile Galleria and Nakheel Mall.

Who is the developer of Olaia Residences?

Nakheel is the developer, with escrow funds held at First Abu Dhabi Bank.

When is Olaia Residences due for handover?

Handover is scheduled for Q4 2027.

How much does a unit at Olaia Residences cost?

Prices start from AED 3.2M for a 1-bedroom apartment from 851 sqft, rising to AED 20.2M for a 5-bedroom duplex from 4,125 sqft.

What unit types are available at Olaia Residences?

1, 2 and 3-bedroom apartments plus 3, 4 and 5-bedroom duplexes, spread across a single 2 basement, ground and 10-storey building with 149 units total.

What amenities does Olaia Residences offer?

Indoor and outdoor rooftop pools, a spa with sauna and cold plunge, a fitness center, a private ballroom and cigar lounge, mini golf, and 24/7 concierge and valet parking.

Is Palm Jumeirah walkable, and what's nearby Olaia Residences?

The trunk area around the project is walkable to West Beach, Nakheel Mall and Golden Mile Galleria, with Etihad Park adjacent for outdoor space.

How far is Olaia Residences from central Dubai?

About 20 to 25 minutes to Burj Khalifa and Dubai Mall, 25 minutes to DIFC, and 30 minutes to Dubai International Airport.

Get the Olaia Residences brochure

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