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.
The Palm Tower
Palm Jumeirah · Nakheel
Project factsheet
Storeys 52
Units in the building 722
Height 231 m
Developer Nakheel
Status Completed
Completed 2021
District Palm Jumeirah
About the building
52-storey mixed-use complex in Palm Jumeirah, completed in 2021. Developer — Nakheel. Architect — RSP Architects Planners & Engineers.
What the building has
- Swimming pool
- Shops
- Restaurants
Specifications for The Palm Tower per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
About the project
The Palm Tower is a 52-storey mixed-use complex in Palm Jumeirah, completed in 2021.
The developer is Nakheel. The architecture is by RSP Architects Planners & Engineers.
The building holds 722 apartments in total. Height — 231 metres.
The database currently holds 8 lots in this project, from 2 400 000 AED; 2 of them priced below the market, the deepest discount 12%.
52 storeys and 722 residences by Nakheel on the Palm's trunk, handed over in 2021. The building also houses The View at the Palm, the island's public observation deck.
What it is
The Palm Tower is a residential skyscraper by Nakheel — the master developer of Palm Jumeirah itself — standing where the trunk of the Palm meets the mainland. Designed by RSP Architects Planners & Engineers, 52 storeys, 722 residences.
The same building houses The View at the Palm, a public observation deck near the top of the tower, and a five-star hotel component below the residences — a mixed-use format familiar from towers like the Shard in London or Marina Bay Sands' SkyPark in Singapore, if smaller in footprint.
Our own stock: five lots averaging 1,087 sq ft, priced from AED 4 million to AED 5.7 million, at AED 4,413/ft².
Price per square foot across Palm Jumeirah
The Palm Tower sits almost exactly at the island average — an unusual position for a building with both a public attraction and hotel operations layered into it.
| 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, projects with three or more lots and a known area. Island average — AED 4,781/ft², median lot AED 8.2 million out of 250 lots.
Tower versus villa on the same island
Palm Jumeirah's median is set by villas and large-format residences — Garden Homes at 7,008 sq ft, Signature Villas at 10,350. A compact apartment in a tower at the base of the island is, structurally, a different product wearing the same postcode.
That is the honest way to read The Palm Tower's near-average price: it is the most accessible entry point to a Palm Jumeirah address with sea views, at roughly a quarter of the price a villa on the same island commands.
What it does not offer is a private beach frontage — the compensation for that is the observation deck traffic below and a hotel-managed ground floor, worth weighing for anyone who values quiet over amenity.
Factsheet: 52 storeys, 722 residences, developer Nakheel, architect RSP Architects Planners & Engineers, handed over 2021. Our own stock as of 28 August 2026: 5 lots (size, price, price per square foot), price-per-square-foot table across Palm Jumeirah projects, island median.
What the complex has
Swimming pool
Shops
Restaurants
Where it is
Frequently asked about The Palm Tower
Who is the developer of The Palm Tower?
Nakheel. The architecture is by RSP Architects Planners & Engineers.
How many floors does The Palm Tower have?
52. The building has 722 apartments, 231 m tall.
Has The Palm Tower been handed over?
Handed over: 2021. The property is complete, so after the deal you can move in or put it on the rental market at once.
Where is The Palm Tower?
Palm Jumeirah. The palm-shaped island: villas on the fronds, apartments along the trunk, resorts around the crescent.
How much does an apartment in The Palm Tower cost?
The database currently holds 8 lots in this project, from 2 400 000 AED; 2 of them priced below the market, the deepest discount 12%. Prices move every day, so it is worth asking for the current list for this building.
What is on site at The Palm Tower?
Swimming pool, Shops, Restaurants. 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.
Ask a question
Telegram is the fastest way — I answer personally.
Message on Telegram