Full-Floor Penthouse in Como Residences

Property Overview

A rare full-floor penthouse opportunity in COMO Residences, Palm Jumeirah, secured at a meaningful discount to Nakheel’s last recorded comparable pricing. With developer inventory now fully sold out, this is currently the lowest-priced comparable floor available in the market—offering immediate spread and a clear upside case post-handover (subject to market conditions).

Key Facts

• Asking Price: AED 44,000,000
• Original Launch (Ref.): AED 53,800,000
• Configuration: Full-floor penthouse | High floor
• Estimated Size (Implied): ~9,297 ft²
• Price / ft²: AED 4,733/ft²
• Location: Palm Jumeirah, Dubai
• Status: Secondary-market opportunity | Developer sold out

This offering centres on a non-replicable, low-density trophy asset on Palm Jumeirah: a full-floor penthouse in COMO Residences, acquired below replacement cost and materially below the last known pricing of comparable floors sold by Nakheel.

Investment positioning at a glance:

• AED 13–17M entry advantage versus Nakheel’s last recorded comparable floors (AED 57–61M, sold out)
• ~27.2% discount versus new Palm launches trading around ~AED 6,500/ft²
• No developer stock remains, this is the only available full-floor penthouse at this price point
• Minimum post-handover value target: AED 70M (subject to market conditions)

This is one of the rare opportunities where the market offers immediate arbitrage against the developer’s last known pricing while also providing a realistic value creation path post-handover.

Key differentiators:

• Full-floor configuration (rare across new Palm inventory)
• High-floor elevation with panoramic water + skyline view lines
• Nakheel is fully sold out, no like-for-like developer supply remains
• Replacement costs continue to rise, locking in today’s discount
• Lowest-priced comparable currently available in COMO Residences