Olaia Residences

Olaia Residences is a luxury residential project on Palm Jumeirah developed by Gulf House Real Estate Development. It offers 1–3 bedroom apartments and 3–5 bedroom duplexes with marble finishes, large terraces, and views of the Arabian Gulf, Burj Khalifa, and Burj Al Arab. It is one of the last available residential developments on the Palm, making it exceptionally rare.

Prices at Olaia Residences start from AED 3,600,000 for a 1-bedroom apartment. Larger duplexes with 3–5 bedrooms and private infinity pools are priced higher depending on floor, size, and view orientation. The project is currently off-plan with a Q4 2027 handover date.

Olaia Residences offers a 50/50 payment plan, with 50% paid during construction and the remaining 50% due on handover in Q4 2027. This structure suits both investors managing cash flow and end-users planning a move-in timeline aligned with project completion.

The project includes 1, 2, and 3 bedroom apartments alongside 3, 4, and 5 bedroom duplexes. Select duplex units come with private infinity pools and generous terrace space. All residences feature marble finishes, open layouts, and large terraces designed to maximise views.

Residents have access to indoor and rooftop pools, a private spa, valet parking, a fully equipped fitness center, a business center, a cigar lounge, a mini-golf course, children's play areas, BBQ spaces, and 24/7 security. The amenity offering is designed to replicate a five-star resort lifestyle within the building.

Palm Jumeirah is a finite island and its residential plots are almost entirely built out, meaning new projects like Olaia are among the last opportunities to buy directly from a developer here. This scarcity supports long-term capital appreciation and consistently high rental demand from both short-term and long-term tenants.

Many apartments and duplexes at Olaia Residences offer panoramic views of the Arabian Gulf, with clear sightlines to the Burj Khalifa and Burj Al Arab depending on the unit's position and floor level. Large terraces and floor-to-ceiling glazing are standard across the development to maximise these vistas.

Olaia Residences is scheduled for handover in Q4 2027. The project is currently off-plan and being sold under a 50/50 payment structure, giving buyers approximately three years from purchase to completion. Gulf House Real Estate Development is the developer overseeing delivery.