The Fairmont Palm Residences is a complex consisting of several buildings: Fairmont The Palm Residence South, Fairmont The Palm Residence North and Fairmont The Palm. All objects are located on the artificially created island, Palm Jumeirah. The project was developed by the international company IFA Hotels and Resorts in 2009. Now in the complex there are 558 apartments with 1, 2, 3, 4 and 5 bedrooms, as well as townhouses and penthouses.
The Fairmont Palm Residences features indoor and outdoor pools, beautiful gardens, a modern gym, underground parking, stores, cafes and restaurants.
Apartments range in size from 119.8 to 507.7 sq. m (1,290 to 5465 sq. ft). Prices start at USD 517,288 and go up to USD 1,905,526 (AED 1,900,000-6,999,000).
A three-bedroom townhouse of 480.9 sq. m (5,177 sq. ft) will cost USD 1,334,059 (AED 4,900,000).
A four bedroom penthouse of 462.2 sq. m (4976 sq. ft) has a starting price of USD 2,137,217 (AED 7,850,000).
Palm Jumeirah is a good area not only in terms of permanent residence, but also in terms of investment in real estate. To date, the return on investment is 4.25%.
As for the complex, The Fairmont Palm Residence, the most profitable properties to acquire are apartments with one bedroom. Their return on investment is 6.5%.