Gulf House Real Estate unveils Olaia Residences, its first signature development on Palm Jumeirah

UAE – Gulf House Real Estate, a leading luxury real estate developer in Dubai, has announced the launch of its first signature project, Olaia Residences, an exclusive residential development located in the heart of Palm Jumeirah, one of the world’s most iconic destinations.

Metropolitan Premium Properties, a leading UAE brokerage firm, serves as the exclusive sales and marketing partner for Olaia Residences, a project set to redefine waterfront luxury living in Dubai.

Positioned on the prestigious Palm Jumeirah, the development offers panoramic views of the Arabian Gulf, the Dubai skyline, and private beach access.

State-of-the-art amenities include indoor and outdoor pools, a wellness center, a mini-golf, and 24/7 security and concierge services.

Eng. Mohammed Mana Sultan Aballala, Founder and Chairman of Gulf House Real Estate, emphasized that Olaia is not merely a residence but a symbol of elevated living.

He noted that Gulf House’s developments focus on providing exceptional living experiences through personalized service and attention to detail, ensuring a seamless journey from purchase to post-handover care.

Blending architectural brilliance with refined elegance, Olaia Residences offers a limited collection of bespoke duplexes and luxury apartments.

These homes, designed for discerning buyers, feature sophisticated designs with floor-to-ceiling glass and expansive terraces that showcase uninterrupted views.

The development will be a sanctuary of opulence and serenity, where residents can enjoy daily rituals like breathtaking sunrises and evenings by the sea.

Maria Karmalova, Head of Exclusive Sales at Metropolitan Premium Properties, highlighted that Palm Jumeirah is a high-performing and sought-after community, with 20% of the project already sold prior to launch.

The area’s strong rental demand, coupled with excellent resale potential, makes it a highly attractive investment opportunity.

The residences will feature 1–3 bedroom apartments and 3–5 bedroom duplexes, with prices starting at AED 3.2 million (US$871,000) for a 1-bedroom unit and AED 11 million (US$2.9 million) for a duplex.

The project offers a 50/50 payment plan with a 10% booking fee, with handover expected in Q4 2027.

Located next to Al Ittihad Park and the Palm Monorail, Olaia Residences is ideally placed for residents to enjoy a serene lifestyle while being connected to the vibrant city center and world-class amenities.

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