Property of the week: Dubai's Five Palm Jumeirah has a Dh16 million party penthouse
If you don't like a long journey home after a good (socially distanced) night out, this could be the place for you
There is no doubt that the UAE is home to some spectacular properties. From penthouse apartments to plush villas with sprawling gardens and incredible pools, it’s a real estate haven.
Each week, The National showcases some of the best homes on offer in its Property of the Week. This week, it's a penthouse at the Five Palm Jumeirah in Dubai ...
Five Palm - the key details
This four-bedroom, five-bathroom property is set within the Five Palm Jumeirah Hotel & Residences. It comes fully furnished and includes a private balcony swimming pool, enviable sea views, access to the hotel amenities and three parking spaces. It spans 5,332 square feet and is located on the fifth floor.
What's the story with this Palm penthouse?
There are several reasons why people buy property in Dubai, ranging from the tax-free status to the comparatively low prices compared to the world's other top cities, and the almost non-existent crime rate to the massive shopping malls.
Another big reason is to have some fun in the sun.
Residents in the UAE are well-known for putting in the hours at work and trying to make the most of their opportunities.
But sometimes you need to unwind, and you need to do it in style.
It is, of course, more likely to appeal to a younger buyer, one who likes to see both the sun go down and then come back up again without necessarily having gone to sleep in between. This is, after all, the self-labelled "hottest hotel in Dubai".
Think pool parties, Instagram posing, spa treatments and fine dining – every weekend.
Glamour is the name of the game here, and owning one of the penthouses would certainly get a thumbs up from the crowd.
Post-pandemic, when gatherings return, the after-party crowd will find a little more peace on the terrace but no less fun with a pool placed strategically to enjoy the sought-after views of the Dubai Marina skyline in the background.
Inside, the property is smart with fairly typical stylings found in five-star hotels and their residences; marble bathrooms, shades of grey and gold trimmings in the living area.
It's low maintenance and suitable for jetting in for a few days, partying hard, and jetting out again. For those looking to stay longer, it wouldn't need a total overhaul to change the vibe.
'Vibrant atmosphere': what the brokers say ...
Five Palm is well known for being a lively location, but what is it like to live at?
It’s resort-style living, which gives you access to world-class restaurants and best-in-class amenities on your doorstep such as pools, gym, spa and beach.
Is there any privacy? Or should buyers head to Dubai Marina, etc. for that?
The development has a private area for residences that is separated from the hotel guests and provides a private sanctuary for the residents.
Would you envisage the owner living here full-time or treat it as a holiday home?
Due to its nature of having a lively atmosphere, it attracts owners who want to either use it as a holiday rental investment property or want to be part of a vibrant atmosphere.
How would you describe the interior?
Modern – contemporary.
The penthouse options on the Palm are plentiful now – why choose this one?
Very few have the breathtaking views of Five Palm coupled with the private pool on the terrace and access to the finest resort facilities it transcends most other similar developments.
Yasin Valimulla, associate partner, Knight Frank
Updated: March 24, 2021 10:24 AM