Gulf House Real Estate, a premier luxury real estate developer in Dubai, has officially launched its first signature development, Olaia Residences. This exclusive residential project is located in the heart of Palm Jumeirah, one of the world’s most iconic and sought-after destinations.
In partnership with Metropolitan Premium Properties, the leading UAE brokerage firm, the project will benefit from their exclusive sales and marketing expertise.
A Waterfront Haven with Unmatched Views
Nestled on Dubai’s prestigious Palm Jumeirah, Olaia Residences captures the essence of waterfront luxury living. The development offers panoramic views of the Arabian Gulf, Dubai’s stunning skyline, and access to a private beach. Residents will enjoy state-of-the-art amenities, including indoor and outdoor pools (including a rooftop pool), a wellness center, a mini-golf course, 24/7 security, and concierge services.
“Olaia is not just a place to live; it is a symbol of elevated living and personal distinction,” said Engineer Mohammed Mana Sultan Aballala, founder and chairman of Gulf House Real Estate. “Our developments are designed with exceptional attention to detail, delivering a personalized service and seamless experience from the moment of purchase to post-handover care.”
Elegance Meets Serenity
Blending architectural brilliance with refined elegance, Olaia Residences offers a limited collection of bespoke duplexes and luxury apartments. Each home is crafted to provide an extraordinary lifestyle where opulence and tranquility meet. Featuring floor-to-ceiling glass and expansive terraces, the homes showcase uninterrupted views of the Arabian Gulf, creating a serene living environment designed for those who seek individuality and prestige.
A Premier Location with Unbeatable Investment Potential
Palm Jumeirah is renowned for its luxury and grandeur, and Olaia Residences is set to become its newest crown jewel. The residences will offer a unique lifestyle, where breathtaking sunrises and serene evenings by the sea become part of everyday life.
Learn More about Ongoing and Upcoming Real Estate Projects In UAE
Maria Karmalova, Head of Exclusive Sales at Metropolitan Premium Properties, commented, “From an investment perspective, Palm Jumeirah remains one of Dubai’s top-performing communities. 20% of the project has already been sold before the official launch, and with limited availability of new luxury developments in the area, strong rental demand from high-net-worth tenants, and excellent resale potential, Olaia Residences represents an exceptional investment opportunity.”
Residences and Pricing Details
The development will feature 1-3 bedroom apartments and 3-5 bedroom duplexes. Prices for a 1-bedroom apartment start at AED 3.2 million (USD 871,000), while duplex prices begin at AED 11 million (USD 2.9 million). The 18 duplexes on the top floor will each have a private pool, with 16 duplexes on the ground floor, ranging from 2,200 to 4,000 square feet.
The payment plan is set at 50/50 with a 10% booking fee, and the expected handover date for the project is Q4 2027.
A Green Oasis and Prime Accessibility
Olaia Residences is ideally located next to Al Ittihad Park, a 1.1 million square-foot green oasis where residents can enjoy strolls, picnics, jogging, yoga, and more amidst beautiful greenery. The development is also conveniently located next to The Palm Monorail, the only public transportation system on Palm Jumeirah, connecting residents to key destinations such as the Golden Mile Galleria, Nakheel Mall, Atlantis Aquaventure, and more. This strategic location offers easy access to five-star hotels, Michelin-starred restaurants, designer boutiques, and premier leisure destinations in Dubai.
Olaia Residences is more than just a residence; it is a gateway to an unparalleled lifestyle in one of the world’s most exclusive locations.
