Olaia Residences

Olaia Residences is a 56-unit tower on Palm Jumeirah's trunk, developed by Gulf House Real Estate Development, offering a collection of one- to five-bedroom apartments and duplexes scheduled for completion in Q4 2027.

# The tower and its position on the frond

Sitting directly opposite the Fairmont The Palm, Olaia occupies a site with sightlines across the Arabian Gulf in one direction and back towards the Dubai skyline in the other. The building draws on a design language that acknowledges the island's geometry without imitating it: the architecture is contemporary in form, and at 56 residences, the project maintains a density low enough to feel residential rather than institutional.

Palm Jumeirah itself remains one of the few places in Dubai where a property purchase confers genuine waterfront proximity and relative privacy at once. The island's infrastructure has matured substantially since the original wave of development, and the trunk in particular now functions as a self-contained urban neighbourhood, with retail, dining and green space within walking distance of most buildings.

# Residences, layouts and specification

The range spans one-bedroom apartments from around 805 sq ft at entry level, through to five-bedroom duplexes reaching just over 4,124 sq ft at the top. Most one-bedroom units cluster between 1,101 and 1,137 sq ft, a generous bracket for the type. Two-bedroom layouts run from approximately 1,598 to 1,762 sq ft, and three-bedroom residences divide into two distinct tiers: standard floor-through plans of roughly 2,160 to 2,322 sq ft, and larger formats in the 2,900 to 3,007 sq ft range, which are priced accordingly, from around AED 13.3 million to just over AED 15 million.

Four-bedroom units begin at approximately 3,045 sq ft and extend to just above 4,055 sq ft, with asking prices between AED 15.35 million and AED 17.88 million. The single five-bedroom residence sits at 4,124 sq ft, priced at AED 20.21 million.

Interiors are finished with marble and natural material palettes. Kitchens are fitted as standard, with Miele appliances specified for apartments and Gaggenau for the duplex configurations. The remainder of each residence is delivered unfurnished, allowing buyers to appoint to their own brief. Service charges are set at AED 23 per sq ft per year.

# Amenities across the building

The amenity programme covers both active and restorative uses without overreaching. A rooftop pool sits alongside an indoor pool, and the spa and yoga area are contained within the building rather than shared across an estate. The gym, business centre and residents' lounge are standard provision for a project at this price point, and the addition of a BBQ area, kids' play area and a mini-golf course suggests the building is configured for owner-occupiers and longer-stay residents rather than purely investment buyers rotating on short lets.

# Connections to the rest of Dubai

Al Ittihad Park is 84 metres from the building. Nakheel Mall, the island's main retail anchor, is 750 metres away, and the Redwood Montessori Nursery at Golden Mile 8 is under half a kilometre. Pine Beach sits 4.9 km along the coast, and Downtown Dubai is 21.4 km from the site, a drive of roughly 25 minutes outside peak hours. Dubai International Airport is 31 km, placing the building within practical range of both terminals without being adjacent to flight paths.

# Who this project suits and where it sits in the current Palm market

Olaia's pricing runs from AED 4.22 million for a one-bedroom to just over AED 20.2 million for the five-bedroom penthouse. At current exchange rates, the entry point converts to roughly £900,000 or just under €1.1 million, positioning the project within reach of European buyers who might otherwise consider prime central London or the French Riviera for comparable outlay.

The low unit count matters. Buildings of 56 residences on Palm Jumeirah tend to hold value more reliably than larger towers precisely because supply is constrained and the owner profile stays tighter. With construction at just under 5% complete and handover targeted for late 2027, buyers are acquiring at an early stage, which carries the usual off-plan considerations around construction risk and capital tied up over the medium term. The escrow account (registered under number 1001326181330001) is in place, as required under RERA regulations. For buyers prioritising waterfront access, manageable scale and confirmed specification at the time of purchase, Olaia presents a coherent case.