Olaia Residences
by Gulf House Development · 📍 Palm Jumeirah
Olaia Residences is a project by Gulf House Development in Palm Jumeirah, Dubai. It offers 1 Bedroom Apartment, 2 Bedroom Apartment, 3 Bedroom Apartment, 3 Bedroom Duplex, 4 Bedroom Duplex and 5 Bedroom Duplex. Gulf House Development states handover in Q4 2027. It was 14% built at the official RERA site inspection of 21 July 2026.
Floor plans
Layouts by unit type — tap any plan to view it full size.
About the project
Ultra-exclusive Palm Jumeirah development marketed as the final opportunity to own a new home on the Palm. 148 total units across 10 floors plus basements, with 37 layout types ranging from 1-3 bedroom apartments to 3-5 bedroom duplexes. Designer architecture by Dawser and Partners with Miele and Gaggenau appliances. It is the flagship (and only) project of Gulf House Real Estate Development, founded 2024.
Units & pricing
| Unit | Size | Price from |
|---|---|---|
| 1 Bedroom Apartment | 851 sqft · 79 m² | — |
| 2 Bedroom Apartment | 1,558 sqft · 145 m² | — |
| 3 Bedroom Apartment | 2,163 sqft · 201 m² | — |
| 3 Bedroom Duplex | 2,260 sqft · 210 m² | — |
| 4 Bedroom Duplex | 2,999 sqft · 279 m² | — |
| 5 Bedroom Duplex | 4,125 sqft · 383 m² | — |
Construction progress
14.31% complete at the latest RERA site inspection on 21 Jul 2026; scheduled completion 31 Dec 2027.
| Inspection | Complete | Photos |
|---|---|---|
| 21 Jul 2026 | 14.31% | 8 |
| 26 Mar 2026 | 9.62% | 6 |
| 11 Dec 2025 | 4.68% | 6 |
| 18 Feb 2025 | 1.48% | 5 |
Escrow account 1011226181330002 at First Abu Dhabi Bank P.J.S.C.. Payments for units in this project go into this account.
Official RERA site-inspection records for registered project #3519, updated daily. Tap a photo for the full-size original.
Sales velocity
Per-unit-type pricing and sell-through from an independent market source.
| Unit | Size | Price from | Sold |
|---|---|---|---|
| 1 Bed | 680–1,140 sqft (63–106 m²) | AED 4.70M | 8 / 34 |
| 2 Beds | 1,560–1,760 sqft (145–164 m²) | AED 6.50M | 11 / 56 |
| 3 Beds | 2,160–3,010 sqft (201–280 m²) | AED 8.70M | 14 / 47 |
Independent third-party construction snapshot, not developer-confirmed. Sold counts reflect that source's own tracking and may differ from the other listing data on this page.
Amenities
Who's selling this project
5 agencies are currently listing units in Olaia Residences across 16 live listings, from AED 3.25M to AED 20.21M depending on unit size and floor.
| Agency | Listings | Asking range | Trust |
|---|---|---|---|
| Penthouse. ae Powered By Metropolitan | 6 | AED 3.25M – AED 20.21M | 6 verified · TruBroker |
| Allsopp & Allsopp Real Estate | 4 | AED 4.22M – AED 8.02M | 4 verified · TruBroker |
| Huspy Dubai | 4 | AED 4.22M – AED 16.39M | 4 verified · TruBroker |
| Metropolitan Premium Properties | 1 | AED 5.60M | 1 verified · TruBroker |
| Unique Properties | 1 | AED 8.84M | 1 verified |
Live asking prices from agency listings — compare before you commit. Ranges span different unit types and floors, and asking prices are not sold prices.
How it compares in Palm Jumeirah
50 other off-plan projects in Palm Jumeirah · average entry price AED 12.42M
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Olaia Residences: questions and answers
What is the payment plan for Olaia Residences?
The payment plan published by Gulf House Development for Olaia Residences is: 10% on booking; 10% on SPA (+4% DLD + AED 5,500 fees); 10% after Oqood; 10% Dec 2026; 10% June 2027; 50% on handover.
When is the handover of Olaia Residences?
Gulf House Development states handover of Olaia Residences in Q4 2027. The Dubai Land Department project register lists the completion date of the project as December 2027.
How much of Olaia Residences is built?
Olaia Residences was 14% complete at the official RERA site inspection of 21 July 2026.
Is Olaia Residences registered with the Dubai Land Department?
Yes. Olaia Residences is registered with the Dubai Land Department as project number 3519, and its escrow account is held at First Abu Dhabi Bank P.J.S.C.. By law, buyers' payments for an off-plan home in Dubai go into the project's escrow account.
Who is the developer of Olaia Residences?
Olaia Residences is developed by Gulf House Development.
Where is Olaia Residences located?
Olaia Residences is in Palm Jumeirah, Dubai.
What unit types does Olaia Residences offer?
Olaia Residences offers 1 Bedroom Apartment, 2 Bedroom Apartment, 3 Bedroom Apartment, 3 Bedroom Duplex, 4 Bedroom Duplex and 5 Bedroom Duplex, with sizes from 851 sqft (79 m²) to 4,125 sqft (383 m²). The project has 149 units in the Dubai Land Department project register.
What is the average price per sqft in Palm Jumeirah?
Apartments in Palm Jumeirah sell for about AED 2,350/sqft (AED 25,292/m²), based on 4,062 registered sales since 2023.
What rental yield can I expect in Palm Jumeirah?
Apartments in Palm Jumeirah yield about 4.9% gross, or about 4.4% net after service charges, based on 15,611 registered rent contracts and 4,062 sales since 2023.
What are the service charges in Palm Jumeirah?
Service charges for apartments in Palm Jumeirah are about AED 11.67/sqft (AED 126/m²) a year, per an independent third-party source. The exact rate depends on the building, so confirm it with the developer before buying.
What amenities does Olaia Residences have?
Olaia Residences lists these amenities: Swimming pools, Spa, Fitness center / gym, Sauna, Yoga spaces, Rooftop sky lounge with infinity pool, Private gardens (select units) and Resident lounges.
Explore more
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Source: developer’s official website + live listing photos. Prices are "starting from" figures where published. Always verify with the developer before transacting. Project details last checked on 21 Jul 2026.