Apartment by IFA HOTELS & RESORTS “The 8”

AED 2,987,000

Discount: 32% of original price AED 4,380,000
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Vector icon 1 Beds Vector icon 1 Bath Vector icon 860 sqft
Daria
Daria Property broker

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The 8 1BR Apartment in Palm Jumeirah — Below Original Price, 32% Below OP

Savvy investors and end-users alike will recognise the weight of this opportunity. A one-bedroom apartment in The 8, Palm Jumeirah, spanning 860 sq ft (80 m²), is now available at a price that sits meaningfully below its original purchase figure — a scenario rarely seen on this island. The unit is a resale, offered by a motivated seller seeking a fast exit, making this one of the most compelling entry points currently available on the Palm.

Unit Features:

– One-bedroom apartment
– 860 sq ft / 80 m²
– Palm Jumeirah address
– Resale, motivated seller
– Distress deal below original price

Complex Amenities:

– Beachfront access
– Outdoor swimming pool
– Fully equipped gymnasium
– Landscaped podium areas
– Dedicated parking

Architecture & Concept:

The 8 is a low-rise residential development conceived to blend contemporary coastal design with the exclusivity of Palm Jumeirah living. Clean lines, generous layouts, and sea-facing orientations define the project’s aesthetic. The building scale prioritises privacy and a boutique residential feel.

About the Developer:

The 8 was developed by DURAR Group, a Dubai-based developer with a focused portfolio of premium residential assets in landmark locations.

Location & Benefits:

– Palm Jumeirah, Dubai
– Minutes to Nakheel Mall and The Pointe
– Short drive to Dubai Marina and JBR
– Palm Monorail and tram links nearby
– Consistent rental demand from high-net-worth tenants
– One of Dubai’s most recognised addresses globally

Investment Appeal:

– Strong short-term and long-term rental demand on the Palm
– High liquidity due to global brand recognition of the address
– Value-growth potential as Palm supply remains constrained
– Entry price is below original purchase price, compressing downside risk
– Rare distress window in a market where sellers rarely concede on this island

Frequently Asked Questions:

Q: Is this unit ready for immediate occupancy or rental?
A: Yes, it is a completed resale unit and can be occupied or tenanted upon transfer.

Q: Why is the seller offering below the original purchase price?
A: The seller requires a fast exit and has priced accordingly, prioritising speed of sale over maximum return.

Q: Is Palm Jumeirah a strong market for rental yields?
A: Palm Jumeirah consistently attracts premium tenants and short-term holiday renters, supporting solid occupancy rates and competitive yields.

Enquire through the form on this page to receive full details and arrange a viewing at your convenience.

Property information

Property Type

Apartment

Ownership Type

Freehold

Building Information

Building name

IFA HOTELS & RESORTS “The 8”

IFA Hotels & Resorts
IFA Hotels & Resorts View developer

Location

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