Off-planQ1 2028
Sea Legend One is a single residential tower on Palm Deira configured as Ground + 2 podium levels + 11 typical floors + a dedicated roof level housing a pool and health club. The building contains 65 units in total: 11 one-bedroom apartments, 33 two-bedroom apartments, 20 three-bedroom apartments, and one penthouse — a tight mix that limits the proportion of smaller units and keeps the building's resident profile relatively homogeneous.
The podium levels accommodate parking, while the upper floors benefit from progressively elevated sightlines over the Palm Deira waterfront. The single-building format means shared infrastructure costs are concentrated across a manageable unit count, which typically translates to lower service-charge exposure for owners compared with large multi-tower developments.
Palm Deira is Nakheel's third and largest palm-island project, currently in active reclamation and infrastructure development. Unlike Palm Jumeirah, which is fully built out, Palm Deira represents a ground-floor opportunity on a master-planned island that will eventually extend Dubai's coastline significantly to the north. Early-phase residents and investors gain access to waterfront addresses before the island's retail, hospitality, and road infrastructure reaches full maturity.
The island sits adjacent to Deira — one of Dubai's most densely connected districts — giving future residents access to established supermarkets, medical facilities, and the Gold and Spice Souks within a short drive, while occupying a genuine waterfront position that Deira's mainland addresses cannot offer.
Sea Legend One is developed by MVS Real Estate, a Dubai-based developer, with the project registered under DLD project number 3265. The escrow account is held with Abu Dhabi Islamic Bank, and the project commenced site activity in September 2023 with a registered completion date of November 2026. The developer's Nakheel affiliation for the land parcel places the project within a master-community framework governed by one of Dubai's most established government-linked master developers.
Palm Deira is one of the few remaining locations in Dubai where buyers can secure a waterfront address at pre-completion prices before the island's amenity and transport infrastructure is fully priced in. With 65 units across a single building and a handover scheduled for Q4 2026, the project offers a defined three-year investment horizon. The combination of a Nakheel-mastered island, Islamic-bank-held escrow, and a compact unit count makes this a relatively low-complexity off-plan commitment for buyers seeking Palm exposure outside the now-premium Palm Jumeirah market.
Palm Deira connects directly to the Deira mainland, placing residents within reach of the Al Ittihad Road and Dubai–Sharjah corridor. Deira City Centre mall, Dubai International Airport (Terminal 1 and 3), and the DIFC are all accessible via established road links. The Dubai Metro's Union and Salah Al Din stations, both on the Red and Green lines respectively, are reachable from the island access points.
The surrounding Deira district provides a mature urban amenity layer: Carrefour and Lulu hypermarkets, the Gold Souk, Spice Souk, and multiple public hospitals and clinics are within a 5–10 minute drive. As Palm Deira's own retail and F&B promenade develops in parallel with the island's residential phases, the immediate amenity offer will expand progressively through the mid-to-late 2020s.
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The project escrow account is held with Abu Dhabi Islamic Bank (ADIB), as registered with the Dubai Land Department.
Sea Legend One includes a rooftop swimming pool and health club on the dedicated roof level, two podium levels of covered parking, and a residential lobby. These are specified in the DLD building description.
Palm Deira is Nakheel's third palm-island project, currently under active reclamation and infrastructure development north of the Deira mainland. It is earlier in its development cycle than Palm Jumeirah, meaning buyers are purchasing ahead of the island's full amenity and retail buildout, which is typical of early-phase island investments in Dubai.
The project suits both profiles. Investors benefit from a pre-completion price point on an emerging waterfront island with a defined 2026 horizon. End-users gain a waterfront address with direct access to Deira's established urban amenities while Palm Deira's own infrastructure matures.
Sea Legend One is configured as Ground + 2 podium parking levels + 11 typical residential floors + a roof level. The roof houses the pool and health club. There is one building in the project.
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