Urgent Sale | 3.2% Below OP | 2 BR in SLS Residences The Palm

Overview of the deal

This is an owner resale of an off-plan two-bedroom apartment at SLS Residences The Palm, a project by Roya Lifestyle Development on Palm Jumeirah. The seller is asking AED 7,277,490. By the owner's figures, that is AED 239,100, or about 3.2%, below what was paid in total: the original price plus the 4% Dubai Land Department fee, AED 7,516,590. Completion is scheduled for December 2026, which the owner gives as Q4 2026, so the building is still under construction.

Read the discount carefully. It is measured against the original price including the DLD fee the seller paid, not against the original price alone. All prices and terms must be verified at enquiry, because resale deals can change or be withdrawn quickly.

The unit

• Type: 2 bedroom apartment

• Size: 1,936 sq ft

• Floor: ground floor

• Outdoor space: balcony

• Pool: direct access from the unit

• View: none stated by the owner

• Expected handover: Q4 2026

The ground-floor position with direct pool access is the main feature of this 2 bedroom apartment Dubai buyers can inspect once access is possible. No view is stated.

The building and community

SLS Residences The Palm is a residential project by Roya Lifestyle Development on The Palm Jumeirah, the man-made island off the Dubai coast and a well-known address in Dubai real estate. The building sits among the luxury apartments Dubai buyers associate with the island. Its amenity list was not supplied, so ask for the developer's brochure and service charge estimate.

Price, discount and payment position

• Original price plus 4% DLD: AED 7,516,590

• Asking price: AED 7,277,490

• Difference: AED 239,100 (3.2%)

The owner's breakdown of what a buyer pays on transfer:

• Payment to seller: AED 7,277,490

• DLD transfer fee (4% of the original price plus AED 40): AED 289,140

• Trustee office fee: AED 5,250

• Buyer's agency commission (2% plus VAT): AED 152,827

• Total cost to the buyer: AED 7,724,707

Unlike a typical payment plan Dubai developers offer at launch, this deal is settled on transfer: the owner's figures show the full amount paid at that point. Whether any instalments remain due to the developer before handover is not stated, so confirm the payment status and transfer conditions before you commit.

Why this deal and for whom

Resales like this sit between off-plan properties Dubai developers sell at launch and ready homes: the building is close to completion, but the keys are not yet available. The deal suits a buyer looking at Palm Jumeirah properties who wants a large two-bedroom with a near handover date and can pay in full on transfer, and an end user who prefers ground-floor living with pool access.

For Dubai property investment, no return is promised here. Compare the price per square foot with other apartments for sale in Dubai at the same stage before deciding.

What happens next

To buy property in Dubai through a resale like this, the usual steps are:

• Contact Mahboob Estate to confirm the unit is still available and the price is current.

• Review the seller's documents: the sales agreement, the developer's statement of account and the payment status.

• Agree terms and sign a memorandum of understanding (Form F) with the seller.

• Obtain the developer's no objection certificate for the transfer.

• Complete the transfer at a trustee office and pay the amounts listed above.

As a real estate agency Dubai buyers use for resales, we handle these steps with you and the seller, and if this unit is taken we can suggest other properties for sale in Dubai.

FAQ

Is the price really below the original price?

According to the owner, the asking price is AED 239,100 below the original price plus the 4% DLD fee. The DLD figure in the breakdown points to an original price of about AED 7,227,500 before the fee, which is slightly below the asking price, so verify the figures at enquiry.

When is handover?

The completion date is December 2026, given by the owner as Q4 2026. The building is under construction, and the final date is set by the developer.

What does a buyer pay in total?

AED 7,724,707, according to the owner's breakdown above.