The Palm Tower is a 52-story skyscraper that combines a five-star hotel and luxury private apartments. Developer Nakheel Properties built the complex in one of the most beautiful areas of Dubai - on the artificial island of Palm Jumeirah.
The Palm Tower is a 52-story residential complex inspired by southern nature, resembling a palm tree in its appearance. The project was developed by Nakheel Properties and architects and designers from RSP Architects Planners & Engineers and Al Wasl Al Jadeed Consultants. The team managed to create a unique modern luxury skyscraper. The tower, standing at 240 meters high, rises above Palm Jumeirah. From The Palm Tower's roof, there is a view of the Arabian Gulf, the island, and the panorama of Dubai.
The skyscraper consists of several parts: The St. Regis hotel is located on the first eight floors, and the rest of the floors are furnished properties of various layouts. The 19th to 45th floors are dedicated to studios and one-bedroom apartments, and the last two floors are for 2 and 3 bedroom apartments. The latter has rooms for servants and private balconies. The complex's residents and guests will enjoy the SushiSamba restaurant, an observation deck with a 360-degree view of the city, and an infinity pool.
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The Palm Tower complex is surrounded by restaurants and cafes. Some of them include Ría Restaurant & Beach Bar, February 30, Shakespeare and Co. Golden Mile Palm Jumeirah, Japanese restaurant Miyabi Sushi Restaurant Palm Jumeirah, and Mediterranean cuisine restaurant Peaches & Cream Beach Restaurant. Through bridges and pedestrian paths, you can directly reach the Palm Jumeirah beach clubs from The Palm Tower.
At Palm West Beach, which is 13 minutes away from the residential complex, you can try various water sports such as wakeboarding, stand-up paddleboarding, kayaking, parasailing, and more. In another part of the beach, you can go on a desert safari. Just a minute's walk from Nakheel Mall, there is an open running area surrounded by trees that is mostly shaded throughout the day. Sports enthusiasts will also appreciate that Monty’s Rowing School & Club and TOPGYM fitness centers are just a 5-minute walk away.
The nearest grocery stores to The Palm Tower are Spinneys, Choithrams Palm Azure Residences, and Organic Foods&Café. There is also The Toys Town toy store and the B&M Tech sports apparel store.
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The Dune Bashing Experience, Dubai Marina Mall, Wild Wadi Waterpark Dubai, Skydive Dubai, Aquaventure Waterpark, Emirates Golf Club
Downtown Dubai, Dubai Mall, The Walk JBR, Dubai International Airport (DXB), Al Maktoum International Airport (DWC)
The Palm Tower skyscraper is located on the artificial island of Palm Jumeirah. The complex is surrounded by beaches that can be reached on foot in 10-15 minutes. Two bridges lead to mainland Dubai, offering stunning views of the city skyline. The nearest areas to The Palm Tower are Dubai Marina, Dubai Media City, and Dubai Internet City, which can be reached by car in 10-15 minutes. There is also a monorail that goes to mainland Dubai. Its nearest station, Nakheel Mall, is located inside the mall. A little further away is the Al Ittihad Park station. Dubai's international airports can be reached by car in 25-35 minutes.
The Palm Tower is one of the prestigious residential buildings in the emirate. The complex guarantees its residents high comfort, privacy, and first-class hotel service. In addition to swimming pools, a restaurant, sports, and play areas, the building has a rooftop observation deck and one of the world's highest landscape pools. The Palm Tower is suitable for those who love modern residential complexes and want to live in the heart of Palm Jumeirah. Thanks to the location of the skyscraper, its residents can easily reach different areas of Dubai by car, monorail, or even on foot.
Interested investors can rent out apartments and receive passive income. In the third quarter of 2023, the profitability ratio for one-bedroom apartments in the project is at the level of 6.6%. The average rental rate for this type of property is AED 270,000 (USD 73,500).
When buying property in The Palm Tower, you can get a UAE residence visa for at least 2 years. And if the purchase price is above AED 2 million (USD 545,000), foreign citizens can apply for a "Golden Visa" for a maximum period of 10 years.
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