Real Estate

Luxury Olaia Residences launches on Palm Jumeirah

May 5, 2025, 12:54 PM

Olaia artist's impression — The luxury residential project will include a wellness centre, a mini-golf course and rooftop pools

In association with

Planned to open in Q4 2027
State-of-the-art amenities
One-bedroom units start at AED3.2m

Dubai developer Gulf House Real Estate has launched Olaia Residences, its first luxury development, for sale in the heart of Palm Jumeirah.

The upscale residential project is planned to open in 2027 and will consist of one-to-three-bedroom apartments and three-to-five-bedroom duplexes.

State-of-the-art amenities will include indoor and rooftop pools, a wellness centre, a mini-golf course and 24/7 security and concierge services. The residences also have private beach access.

Situated on Al Ittihad Park, a 1.1 million square foot of parkland offering a range of outdoor activities, Olaia Residences is also located next to the Palm Monorail, connecting residents within minutes to Dubai city centre.

Architecture, Building, Condo — Olaia Residences is in Palm Jumeirah’s Al Ittihad Park and located next to the Palm Monorail

“Olaia is more than just a residence; it’s a living statement, a symbol of elevated living and personal distinction,” said Mohammed Mana Sultan Aballala, founder and chairman of Gulf House Real Estate.

One-bedroom units start at AED3.2 million ($871,000) and the initial price for a duplex will be AED11 million ($2.9 million).

There are 18 duplexes on the top floor, each with a private pool, and 16 on the ground floor, with sizes ranging from 2,200 square foot up to 4,000 square foot.

Architecture, Building, Furniture — One-bedroom units start at $871,000 and the initial price for a duplex will be $2.9 million

UAE brokerage firm Metropolitan Premium Properties is the exclusive sales and marketing partner for the project.

Maria Kharlamova, head of exclusive sales at Metropolitan Premium Properties, said: “From an investment perspective, the Palm Jumeirah community is among the most popular and high-performing in Dubai and it has already helped sell 20 percent of the project prior to launch.

“There is a limited availability of new luxury developments on Palm Jumeirah, strong rental demand from high-net-worth tenants, as well as excellent resale potential thanks to its central location and prestigious surroundings.”

The available payment plan is 50/50 with a 10 percent booking fee. Handover of the project is expected in Q4 2027.