Currently, the only skyscraper on Palm Jumeirah is The Palm Tower. However, it will soon face competition from the architectural marvel Como Residences, featuring a series of vertical lakes. For now, The Palm Tower stands prominently above Nakheel Mall.
Regarding its exterior, notice how the tower expands towards the upper floors. This design choice was intentional to make the skyscraper resemble a palm tree. Do you see the resemblance? The island looks like a palm, the tower looks like a palm, and both names include the word «palm». It's a recursive theme.
At the top of the tower is an observation deck. Below, there's a large mall and the island's museum. The lower floors house the St. Regis Hotel with its restaurants, bars, swimming pools, and spa – all the classic amenities. Floors 19 through 47 are designed as residential apartments with their own club facilities. Residents also have access to all hotel amenities.
Starting prices in 2016:
• Studios – from $450,000;
• 1-bedroom units – from $850,000.
The project includes a total of 430 apartments. Options range from 50 m² studios to 100 m² 1-bedroom units. Over the past 8 years, property values have increased by 60%, averaging about 7,5% per year.
Several acquaintances of Oleg Torbosov live in this building and have shared their impressions. They are thrilled with the panoramic views, the convenient mall, and the long green park perfect for walks with children. On the downside, there are no balconies and traffic congestion on the Palm is becoming more frequent.
