Viceroy Palm Jumeirah

Viceroy Palm Jumeirah — now globally recognized as FIVE Palm Jumeirah — stands as one of the most iconic luxury hotel-residence developments on Palm Jumeirah, Dubai. Originally developed by SKAI Holdings (rebranded to FIVE Holdings in 2017) at a gross development value of AED 4.3 billion (USD 1.17 billion), this landmark property occupies a prime position on Palm West Beach along the trunk of Palm Jumeirah, placing residents at the epicenter of Dubai's most prestigious waterfront address.

TL;DR: Viceroy Palm Jumeirah (FIVE Palm Jumeirah) is a 20-storey, AED 4.3 billion ultra-luxury hotel-residence development on Palm West Beach featuring 477 hotel rooms, 221 furnished freehold residences, 12+ dining and nightlife venues including Michelin Guide-recognized restaurants, a 150-meter private beach, world-class ReFIVE Spa, and the world's first 100% LEED Platinum-certified hotel portfolio — delivering average ROI of 5.74% with units from AED 2.7 million.

Project Overview and Key Statistics

Viceroy Palm Jumeirah (FIVE Palm Jumeirah) comprises a total of 698 units across 20 floors above ground, constructed using an all-concrete structural system. The development includes 477 hotel rooms and suites (352 guestrooms, 85 suites, and 40 hotel apartments) alongside 221 fully furnished freehold residences. The project was built by China State Construction Engineering Corporation (CSCEC), one of the world's largest construction firms, with construction commencing in May 2013 and the building completing in November 2016. The hotel officially opened in March 2017. The total project area spans approximately 2,002,087 square feet.

Architectural Excellence and Design Vision

The architectural masterpiece was designed by P&T Architects & Engineers Ltd, one of Asia's oldest and most respected architectural practices, with interior design by the internationally acclaimed Yabu Pushelberg studio and interior architecture by NAO Taniyama and Associates. The building takes an amphitheatre-inspired U-shaped form, featuring two identical symmetrical wings separated by an imposing arched gate. The structure steps up gracefully from the beachfront through a series of architectural setbacks, creating cascading terraces that maximize sea views for every residence.

At the heart of the entrance stands a first-of-its-kind glass cube measuring 15 meters by 15 meters, constructed from 18 glass panels per side. Inside this architectural marvel sits a sculptural installation of curvilinear wood ribbons, drawing inspiration from traditional Islamic pointed arches and the double-helix form of DNA strands. The two wings are connected at the top by the Vista Ballroom and at the base by this glass cube, creating a dramatic central void that channels light and sea breezes through the development.

The interior design palette features neutral tones accented with signature teal touches, brushed bronze finishes, and a sophisticated interplay of light and dark woods contrasted against layers of marble. A recurring honeycomb hexagonal pattern weaves throughout the spaces, while brass dandelion chandeliers in the lobby create an atmosphere of natural beauty and openness. Bathrooms feature Greek and Italian marble with hand-cut mosaic tiles. Custom lighting by VISO Inc. includes bespoke brass dandelion fixtures and globe pendant clusters that define the property's luminous character.

Location and Connectivity

Positioned at No. 1 The Palm, Palm West Beach, on the western side of the trunk of Palm Jumeirah, Viceroy Palm Jumeirah (FIVE Palm Jumeirah) benefits from one of Dubai's most connected waterfront locations. The development is approximately 5 km from Atlantis The Palm and Nakheel Mall (roughly 3 minutes by taxi), while Dubai Marina and Sheikh Zayed Road are accessible within approximately 5 minutes by car. The Golden Mile Galleria is within a 10-minute walk.

For daily commuters, Downtown Dubai and the Dubai Mall are approximately 15 minutes away by car, while Dubai International Airport (DXB) is reachable in approximately 26 minutes (22 miles). The nearest Metro stations on the Red Line — Dubai Internet City Metro Station (7.7 km) and Al Khail Metro Station (7.9 km) — provide rail connectivity, supplemented by the Palm Jumeirah Monorail that runs from Palm Gateway to Atlantis Aquaventure with four stops along the trunk. The Burj Al Arab stands within 6 km, and Emirates Golf Club's 36-hole championship course is approximately 15 minutes away.

Palm West Beach itself has evolved into one of Dubai's most vibrant beachfront promenades, lined with restaurants, beach clubs, and lifestyle destinations that place a world of leisure directly at residents' feet.

Comprehensive Amenities and Lifestyle

Viceroy Palm Jumeirah (FIVE Palm Jumeirah) delivers an extraordinary breadth of amenities that rival the world's finest resort destinations:

Swimming Pools: The development features five outdoor swimming pools, headlined by a spectacular 60-meter "runway" social pool that runs through the heart of the resort, flanked by twin pool bars on each side and visible through the glass cube entrance. A 20-meter relaxation pool sits above the spa building, while an adults-only rooftop spa pool with hydrotherapy jets offers a serene retreat. A dedicated children's pool ensures family-friendly aquatic recreation.

Private Beach: A 150-meter private beach on Palm West Beach features double-width sun loungers, VIP cabanas, in-beach jacuzzis, and a glass-lined pool with chandelier on the beach deck. Watersports include jet skiing, flyboarding, e-foil surfing, and PADI Scuba Certification programs.

ReFIVE Spa: The award-winning ReFIVE Spa spans 1,675 square meters and won the World Luxury Spa Awards 2024. The spa features 10 treatment suites including 3 couples' suites, a traditional hammam, relaxation lounges, 4 outdoor cabanas, and separate male and female steam rooms. Treatments range from signature facials and massages to yoga, Pilates, and personalized training sessions.

Fitness: Over 350 square meters of indoor fitness facilities operate 24 hours as "Move at FIVE," offering expert-led classes and personal training programs.

Dining and Nightlife: The property houses 12+ world-class dining and entertainment venues, including Cinque Ristorante (authentic Italian, Michelin Guide 2024 recognized), Maiden Shanghai (modern Chinese, Gault & Millau recognized, featuring a private karaoke room), JADE (pan-Asian with live tech-house DJ), The Penthouse (Japanese fusion rooftop, ranked as the Middle East's top nightclub), Praia (Californian cuisine with Marina skyline views and premium shisha), Beach by FIVE (beachfront sushi and seafood), Bohemia (beachside day-to-night club), BLING (exclusive Afrobeat and hip-hop nightclub), The Social Pool (poolside gourmet dining), Numa (traditional Arabic cuisine), Detox Me Cafe (gluten-free, keto, and vegan options), and BLVD on One (global all-day dining brasserie).

Events: The Vista Ballroom on the 14th floor spans 600 square meters with panoramic Arabian Gulf views, accommodating up to 350 guests. Three additional meeting rooms serve corporate and private event needs.

Additional Facilities: Generation V Kids' Club with pool and PlayStation, covered parking, 24/7 CCTV security with trained staff, high-speed elevators, 24-hour concierge services, and laundry facilities.

Unit Types, Configurations, and Pricing

The 221 freehold furnished residences at Viceroy Palm Jumeirah (FIVE Palm Jumeirah) offer exceptional diversity in size and configuration:

| Unit Type | Size Range (sq ft) | Key Features | |-----------|-------------------|--------------| | Studio | 491 – 615 | Living area, kitchen, bathroom, balcony | | 1-Bedroom | 1,215 – 1,512 | Ensuite bedroom, living/dining, kitchen, powder room, balcony | | 2-Bedroom | 1,226 – 2,231 | Two bathrooms, living/dining, kitchen, balcony | | 3-Bedroom | 2,324 – 7,807 | Four bathrooms, living/dining, kitchen, balcony | | 4-Bedroom Penthouse/Villa | 4,099 – 14,184 | Located on 16th floor, private landscaped pools, jacuzzis, spacious terraces | | 5-Bedroom | ~12,305 | Ultra-premium residences |

Additional configurations include 3-bedroom villas (7,807–7,809 sq ft), 4-bedroom villas (7,806–12,330 sq ft), 3-bedroom townhouses (5,578–7,807 sq ft), 4-bedroom townhouses (6,023–6,049 sq ft), 2-bedroom penthouses (~3,178 sq ft), and 3-bedroom penthouses (~4,864 sq ft).

All residences are fully furnished with sea views, and the architectural layout strategically positions private apartments within the symmetrical wings at the edges, with each level featuring private terraces with beach and waterfront views. Prices start from approximately AED 2,700,000 (USD 736,000), with 2-bedroom units ranging from AED 3,400,000 to AED 5,300,000. The price per square foot ranges from AED 1,219 to AED 3,403 depending on unit type, floor level, and view orientation. Annual rental rates for 2-bedroom units average approximately AED 320,000.

Developer Profile: FIVE Holdings (formerly SKAI Holdings)

FIVE Holdings was founded in 2011 in Dubai by Kabir Mulchandani, a Stanford University-educated industrialist (Industrial Engineering) and Philips Exeter Academy alumnus whose estimated net worth reaches USD 2.2 billion according to Forbes World's Billionaires List (ranked #1,626). Mulchandani also holds the #11 position on Forbes Middle East's Top 100 Travel & Tourism Leaders 2024.

The company rebranded from SKAI Holdings to FIVE Holdings in 2017, with the name "FIVE" symbolizing the five elements: earth, air, fire, water, and consciousness. The total portfolio value exceeds USD 2 billion across multiple landmark developments.

Key projects include FIVE Palm Jumeirah (flagship, AED 4.3 billion), FIVE Jumeirah Village (a 314-meter, 60+ storey tower in JVC with 247 hotel rooms and 221 apartments, completed 2019), FIVE LUXE JBR (222 rooms and residences holding the world's highest LEED Platinum score for a 5-star hotel at 89 points under LEED v4 BD+C), and FIVE Zurich (87 suites in Switzerland — Switzerland's first LEED Platinum hotel operating on 100% wind energy and geothermal power).

FIVE Holdings holds the distinction of being the world's first and only 100% LEED Platinum-certified hotel portfolio and was the first hotel group in the UAE to operate entirely on renewable electricity (verified via I-REC certification in 2022). In FY2023, the company reported 69% year-over-year revenue growth with hospitality revenue reaching AED 1,358 million and hospitality EBITDA of AED 510 million.

Investment Potential and Market Analysis

Viceroy Palm Jumeirah (FIVE Palm Jumeirah) delivers an average ROI of 5.74%, positioned within Palm Jumeirah's broader market where average gross rental yields for apartments reach 5.64%, with studios achieving up to 7.63%. Short-term rental strategies can yield 7% to 9% gross during the peak season (October through April), while total ROI including capital appreciation reaches an estimated 7% to 10% annually. Palm Jumeirah has recorded approximately 12% year-over-year price appreciation.

The hotel operates at approximately 91% occupancy (2023 verified figure), significantly outperforming Dubai's overall average hotel occupancy of 80.7%. The combination of hotel revenue pooling, short-term rental flexibility, and long-term appreciation makes FIVE Palm Jumeirah a compelling investment proposition.

Palm Jumeirah's average apartment sale price stands at approximately AED 8,450,372, with the broader area commanding AED 2,600 to AED 5,400+ per square foot depending on location. The island's continued infrastructure development, including the Palm West Beach promenade, Nakheel Mall expansion, and upcoming transport links, continues to drive both rental demand and capital values upward.

Nearby Landmarks and Attractions

Residents enjoy proximity to Palm Jumeirah's premier attractions including Atlantis The Palm with Aquaventure Waterpark and The Lost Chambers Aquarium (approximately 5 km), Nakheel Mall with 140+ stores (3 minutes by taxi), The View at The Palm observation deck atop Palm Tower, CouCou Dubai on the 52nd floor of Palm Tower offering 360-degree views, and the iconic Burj Al Arab (within 6 km). The Palm West Beach promenade features multiple beach clubs including February 30 and Surf Club. Emirates Golf Club's 36-hole championship course is approximately 15 minutes away, while Downtown Dubai and Dubai Mall are reachable within 15 minutes by car.