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Dh16 million Palm property is tempting for investors

Construction is picking up pace on Dubai’s Palm Jumeirah, with homes on the strip proving to be hot property for investors.

One four-bedroom duplex penthouse in Marina Residence 3 is on the market for Dh15.7 million. It can be paid off at Dh65,382 per month, based on a 25-year mortgage at 4.49 per cent interest, said the broker Better Homes, which has listed the property.

The 6,820-square-foot apartment comes with a two-car garage, covered parking, a driver’s room and a maid’s room.

The property is part of a complex of six residential buildings developed by Nakheel ahead of the Palm’s first two fronds.

There are three buildings on each side of the main road.

The listed apartment is on the left side of the trunk, on the 14th and 15th floors.

Overlooking a terrace, the luxury property includes a large, fully equipped closed kitchen with marble tops, a cooking range, oven, refrigerator, dishwasher, washing machine and dryer. A separate pantry is on the second floor.

Each room in the apartment offers a view of the Palm, said Better Homes, and all of the bedrooms have walk-in closets. There are also five-and-a-half bathrooms with marble floorings.

The master bedroom has separate his-and-her closets, and an en suite bathroom featuring separate showers, tubs and wash basins.

The apartment has undergone renovation and features new fittings.

These include new pipes for the air-conditioning system, repairs to the hanging ceiling, a new shine on the marble around the apartment, Italian tiles and Armani leather on the entry walls.

The apartment is fitted with hidden lights in the ceilings, a custom lighting system, electric sockets and dimmers, electric curtains and a sound system in each room.

For those who need space for their own furniture, the US and Italian luxury pieces can be sold off as a package.

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