Nakheel: the master developer of the islands, and what that title means
The state developer behind Palm Jumeirah and the Dubai Islands. The difference between a master developer and a building developer, and why it matters for what you own.
Azure Residences
Palm Jumeirah · Nakheel
Project factsheet
Storeys 10
Units in the building 170
Developer Nakheel
Status Completed
Completed 2016
District Palm Jumeirah
About the building
10-storey residential building in Palm Jumeirah, completed in 2016. Developer — Nakheel.
What the building has
- Swimming pool
- Gym
- Restaurants
- Beach
Specifications for Azure Residences per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
About the project
Azure Residences is a 10-storey residential building in Palm Jumeirah, completed in 2016.
The developer is Nakheel.
The building holds 170 apartments in total.
The database currently holds 1 lot in this project, from 3 900 000 AED; 1 of them priced below the market, the deepest discount 7%.
Ten storeys and 170 residences by Nakheel on a Palm frond, handed over in 2016. A low-rise building with beach access — a format the Palm's trunk doesn't have.
What it is
Azure Residences is a Nakheel residential building of 10 storeys and 170 residences on Palm Jumeirah, handed over in 2016.
Our own stock has two lots in the building.
A hundred and seventy apartments across ten storeys — seventeen per floor. The building is low and fairly dense: it's frond-scale development, not a trunk tower.
Price per square foot across Palm Jumeirah
The island-wide spread is 5.9x, and low-rise frond development is scattered right across the list: what decides the price is the plot and the building's age, not its height.
| Project | AED / ft² | Lots | Avg. size |
|---|---|---|---|
| Royal Atlantis Residences | 12733 | 3 | 2759 ft² |
| Palm Beach Towers | 10763 | 3 | 860 ft² |
| Signature Villas | 7610 | 7 | 10,350 ft² |
| W Residences | 4678 | 15 | 3246 ft² |
| Orla | 6681 | 4 | 5199 ft² |
| Garden Homes | 6565 | 11 | 7008 ft² |
| Ellington Beach House | 5152 | 11 | 1675 ft² |
| The Crescent | 4830 | 26 | 3562 ft² |
| Palm Beach Towers Residences 1 | 4745 | 7 | 1158 ft² |
| Serenia Living | 4577 | 3 | 1827 ft² |
| The Palm Tower | 4413 | 5 | 1087 ft² |
| Five Palm Jumeirah | 3611 | 8 | 1709 ft² |
| Palm Beach Towers 3 | 3714 | 5 | 1128 ft² |
| Palm Beach Towers 2 | 3544 | 8 | 2188 ft² |
| Oceana | 3443 | 7 | 2790 ft² |
| Fairmont Palm Residences | 3397 | 5 | 2783 ft² |
| Azizi Mina | 2704 | 4 | 1482 ft² |
| Royal Amwaj Residences | 2641 | 3 | 1928 ft² |
| Shoreline Apartments | 2596 | 12 | 1849 ft² |
| Marina Residences | 2209 | 5 | 2117 ft² |
| Golden Mile | 2166 | 4 | 4320 ft² |
Our own stock as of 28 August 2026: 250 lots across the Palm, median AED 8.2 million, average price per square foot AED 4,781. Includes projects with three or more lots and a reliable size — 48 lots whose size contradicted their bedroom count were excluded from the calculation.
Trunk and frond — different markets
The Palm in our database is 250 lots, with a median of AED 8.2 million and an average price per square foot of AED 4,781.
The island's main divide isn't by building class but by geography. The trunk means towers, the monorail, retail and a distant sea view. The fronds mean low-rise development and villas with direct water access.
The price reflects exactly that: Signature Villas on the fronds go for AED 7,610/ft², Marina Residences by the marina on the trunk for AED 2,209. A 3.4x difference at the same address on paper.
So the first question when choosing on the Palm isn't "how many storeys" but "trunk or frond, and is there water access."
propsearch factsheet: 10 storeys, 170 residences, developer Nakheel, handed over 2016. Our own stock as of 28 August 2026: 2 lots, data on Signature Villas and Marina Residences, the island-wide price-per-square-foot table, and the Palm's median and average.
What the complex has
Swimming pool
Gym
Restaurants
Beach
Where it is
Lots in this project — 1
Frequently asked about Azure Residences
Who is the developer of Azure Residences?
Nakheel.
How many floors does Azure Residences have?
10. The building has 170 apartments.
Has Azure Residences been handed over?
Yes. Azure Residences was handed over in 2016 — it is ready housing you can live in or let straight after the deal.
Where is Azure Residences?
Palm Jumeirah. The palm-shaped island: villas on the fronds, apartments along the trunk, resorts around the crescent.
How much does an apartment in Azure Residences cost?
The database currently holds 1 lot in this project, from 3 900 000 AED; 1 of them priced below the market, the deepest discount 7%. Prices in the base are live and update every day; ask for the current list for the building before deciding.
What is on site at Azure Residences?
Swimming pool, Gym, Restaurants, Beach. The list comes from the project description and covers the whole complex.
In the news
What has been written about the building, its developer and Palm Jumeirah
Como Residences: 71 floors, 76 apartments, and a handover date that moved
Nakheel’s tallest building on Palm Jumeirah — one or two apartments per floor, an elevated private beach, an AED 1.8bn contract. Delivery has slipped from Q3 2027. What that costs a buyer, and how to read a schedule change.
Business Bay overtakes Palm Jumeirah in prime deals in August 2026, even as Dubai's wider market cools
Business Bay recorded 14 prime transactions in August 2026 against Palm Jumeirah's 10 — while Dubai-wide transaction volume fell 37% year-on-year and value fell 44%. Rental search demand rose 44% over the same period. What these seemingly contradictory numbers actually mean.
Dubai prime property 2022–2024: how the city became the world’s busiest $10m home market
Knight Frank counted 219 Dubai home sales above $10m in 2022, 434 in 2023 and a record 435 in 2024 (about $7bn). In the first half of 2023 Dubai overtook New York, Hong Kong and London. How a shortage of supply made Palm Jumeirah the core of the market — the background to 2025–2026.
BEYOND: three projects, three Dubai districts — and three very different buyer profiles
PASSO on Palm Jumeirah, Arancia Yards in City of Arabia and Soulever in Dubai Maritime City are all built by the same developer, BEYOND, yet each draws a different kind of investor. Why one brand does not mean one buyer profile.
Most expensive areas in Dubai: price per square foot and rents in 2026
On sales registered with the Dubai Land Department in the year to July 2026, Jumeirah 2 leads at about AED 7 560 per sq ft, followed by Trade Center 2, DIFC, Dubai Harbour and La Mer. The city median is about AED 1 716. How prices compare with rents, and when a costly square foot pays off.
Palm Jumeirah branded residences: ELA by Omniyat, run by Dorchester Collection, from AED 43m
ELA Residences is Omniyat’s ultra-prime scheme on the Palm Jumeirah crescent: Zaha Hadid Architects design, Dorchester Collection service, three- and four-bedroom homes and duplexes. Launched June 2024, under construction since May 2024, entry around AED 43m, handover still Q1 2028.
Dubai homes over $10 million: 500 sales in 2025 and a record 296 in the first half of 2026
Knight Frank counted 500 Dubai home sales above US$10m in 2025, worth US$9.05bn, against 30 in 2020. The first half of 2026 added 296 more worth US$5.1bn, a half-year record. Where the money went and why the top of the market held up.
Billionaires in Dubai in 2026: 43 residents and eighth place worldwide in the Altrata census, and what it means for prime property
Altrata's Billionaire Census 2026 counts 43 billionaires living in Dubai, joint eighth among world cities with Shenzhen. The UAE has 59 with a combined $201bn. How that shows up in Dubai's AED 100m-plus villa market, and what it does not change for everyone else.
Where this project stands today
I will tell you which layouts are available now, what entry really costs and what the people who live in or let the building think of it — no marketing language.
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