Property Information

Type of the unit:

4 bedroom penthouse

Unit price:

$2,885,967

Renovation costs:

$952,913

Completion date:

Holding period:

May 2009

Feb 2023 - Now

District:

Palm Jumeirah

Price per sqft:

$539/sqft

Developer:

Seven Tides

Investing in Oceana Residences on Palm Jumeirah presents a unique and promising opportunity within Dubai's luxury real estate market, particularly in terms of capital appreciation and resale potential. Here's an analysis focused on these aspects for Oceana Residences:

Prime Location on Palm Jumeirah: Oceana Residences is situated on the iconic Palm Jumeirah, one of Dubai's most prestigious and sought-after addresses. Properties on the Palm are known for their luxury and exclusivity, contributing to strong capital appreciation prospects as demand continues to outstrip supply.

Waterfront Lifestyle: Offering a premium waterfront lifestyle with beach access, stunning views of the Arabian Gulf, and the Dubai skyline, Oceana Residences appeals to high-net-worth individuals and families. This lifestyle allure supports sustained demand and potential for price growth.
Strong Brand Recognition: Being located on Palm Jumeirah, Oceana Residences benefits from the Palm's international recognition as a symbol of luxury. This recognition can significantly enhance resale potential, attracting both local and international buyers.

Limited Supply of Luxury Properties: The limited availability of new developments on Palm Jumeirah, due to its mature nature and limited land, creates an environment of limited supply. This scarcity can drive up prices and ensure strong resale values for existing properties like those in Oceana Residences.

In summary, Oceana Residences on Palm Jumeirah stands out as a compelling investment opportunity for those focusing on capital appreciation and resale potential. Its prime location, luxury lifestyle appeal, and the intrinsic value of Palm Jumeirah properties contribute to its potential for significant capital growth and strong resale demand. Investors looking to capitalize on Dubai's luxury real estate market will find Oceana Residences an attractive option, especially with a long-term investment horizon.

What’s Special

Property Facts & Features

Purchase Price: $2,885,967
Bedrooms: 4
Bathrooms: 6
Sqft: 5354 ($539/sqft)

Property Details

Equity multiply: 1,77
ROI: 77,31%+
Cash-on-Cash: 77,31%+

Projected Returns

Average 4 bedroom values: $4,628,513
Average holding period: 11 months
Average net profit: $2,159,512
Number of 4 bedroom properties: 21

Palm Jumeirah Market Data