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Community Spotlight

SLS Residences The Palm

18 September 2023 Written by Staff Writer

Dubai’s luxury real estate market is thriving well into late Q1 2023, with the latest project from Palm Jumeirah making headlines. Ennismore lifestyle hospitality company is introducing SLS Residences The Palm, a new residential project set to grace the island’s shores upon its completion in 2026.

SLS Residences The Palm is going to offer beachfront access and endless amenities, located on the Western Crescent of The Palm. The location itself is second to none, right next to some of the most popular hotels and resorts such as W Dubai - The Palm, Th8 resort, and Jumeirah Zabeel Saray, providing residents with easy access to some of the best beaches and other recreational facilities. The development will offer residents a choice of apartments, duplexes, and penthouses for sale, all with carefully laid stunning interiors and expansive layouts.

Ennismore, a globally recognized lifestyle hospitality company known for its 14 brands including SLS, operates over 100 hotels worldwide. They are the force behind this project. SLS Residences Dubai will exclusively offer residential units, with no hotel rooms. With Ennismore’s esteemed reputation, residents can expect top-notch design, quality, and amenities.

By combining SLS's theatrical experiential designs and unique architectural approach, this project will introduce an iconic luxury lifestyle brand to the market in a novel way, making it the first of its kind on The Palm.

Inside the Branded Residences

SLS Residences The Palm Dubai consists of nine luxurious storeys and a total of 113 branded residences. The development offers a collection of two- to four-bedroom apartments, duplexes, and penthouses, with an average living area that ranges from a generous 1,670 square feet to an enormous 14,200 square feet. Each unit is designed to provide stunning views of Palm Jumeirah, the Arabian Gulf, Bluewaters Island, the Burj Al Arab, stretching all the way to the famous Downtown Dubai skyline, and Dubai Marina.

Potential buyers can expect to pay AED7 million (US$1.9 million) for a two-bedroom unit that spans 1,675 square feet.

As of the first quarter of 2023, a beautiful duplex can be purchased for a minimum of AED 23 million (USD 6.2 million), while the price tag for a luxury penthouse is AED 30 million (USD 8.16 million).

The estimated service charge for these units ranges from AED 35-40 per square foot.

sls residences the palm

One of the standout features of SLS Residences The Palm Dubai is the range of unit sizes available, with some going up to 6,000 square feet. All residences come with large terraces, and some units even showcase gardens while duplexes come with private pools. Each unit comes unfurnished, providing homeowners with the opportunity to customize their living spaces with a touch of their personal taste.

SLS Residences The Palm Dubai boasts a stunning ground floor featuring 13 flagship residences, each complemented by a private garden. Residents can indulge in world-class facilities, including an infinity pool, a gym, a clubhouse, and a beach club. Additionally, residents will have access to high-end dining venues, a kids club, and a game-entertainment room.

Location

Located in the iconic luxury lifestyle destination of Palm Jumeirah, this property sits on the West Crescent, offering residents exclusive beach access and breathtaking 360-degree sea views that stretch all the way to the Downtown Dubai skyline. The property's prime location caters to both leisure and business travelers, with Atlantis The Palm, Nakheel Mall The Palm, and other major hubs located in the surrounding areas. Downtown Dubai and Business Bay are within a 25-minute drive, while Dubai Marina can be reached in less than 20 minutes. Furthermore, Dubai International Airport is less than 30 minutes away by car, and Al Maktoum International Airport is just a 45-minute drive away.

sls residences dubai

Why Invest

The announcement of SLS Residences The Palm Dubai has already generated a lot of excitement in the real estate market. The project is already being hailed as a game-changer, with the potential to attract a large number of investors and buyers from around the world. With Dubai’s luxury real estate market struggling to meet the high demand for prime beachfront properties and continuously showing signs of steady growth, SLS Residences The Palm will be a highly sought-after investment opportunity.

Investing in a luxurious unit at SLS Residences The Palm Dubai is not just a smart financial decision, but also an investment in your future. This project is designed for individuals who appreciate the finer things in life and seek an unparalleled living experience in one of Dubai's most desirable areas. With a premium resort-style living offering, these residences will be perfect for those who value comfort and luxury in a coveted destination, adored by tourists and locals alike.

As a proud owner of a unit at SLS Residences The Palm Dubai, you can expect more than just a stunning home. You can also apply for a 10-year Golden Visa, allowing you and your family to live, work, and study in the UAE for a decade. This is a unique opportunity for those who wish to secure a smart investment in this incredible location.

Whether you are an investor or a lover of this island, SLS Residences The Palm is definitely a project you will be hearing lots about, as more than likely will be sold out before completion.