Nakheel Properties is the second-largest developer in the Emirati real estate market, with its ambitious projects making Dubai one of the most attractive places for tourists, expats and real estate investors. The company’s most famous development is an artificial island where Como Residences will soon be built. The developer extended the length of the Dubai coastline by over 500 kilometres, paving the way for other developers to build many iconic coastal structures the in the emirate. Real estate built under the direction of this developer is in high demand among experienced investors and ordinary buyers.
COMO RESIDENCES
About COMO RESIDENCES
Como Residences by Nakheel Properties
One of the UAE’s largest developers has announced a new project - Como Residences in Dubai. The 300-metre premium tower with a private beach will emerge on Palm Jumeirah Island. The building’s architecture is inspired by the shape of the sea’s waves and delicate seashells.
The 71-storey complex will comprise spacious 415 - 2,039 square metre residences with panoramic sea views. Buyers can choose from conventional two- to six-bedroom apartments for sale, Como Residences seven-bedroom duplexes and an ultra-premium five-bedroom penthouse.
When purchasing off-plan homes in Como Residences, prices from the developer are at their lowest. A premium 415 square metre apartment currently costs AED 21 million (USD 5.7 million). The project is scheduled for completion in Q3 2027.
Como Residences location
Como Residences in the UAE is being developed on the “trunk” area of Palm Jumeirah, ensuring convenient access to Palm Jumeirah Road which runs along the entire island and connects it to mainland Dubai. The monorail also stretches along the entire palm-shaped archipelago and a monorail station is moments away from the new complex.
The sandy beaches and the Al Ittihad Park with a jogging track and children’s playgrounds are within walking distance of the new tower. This alley leads to the Nakheel Mall, an immense retail venue with shops by major global retailers, entertainment for children and adults, restaurants, a cinema and a swimming pool overlooking the sea.
The following facilities are within a 10-minute drive of the complex:
- The Emirate’s largest Aquaventure Water Park;
- Dolphin Bay dolphinarium;
- The Pointe, a musical fountain on the waterfront;
- The Lost Chambers, a huge aquarium with sea creatures;
- Dubai Marina with yacht marinas, a mall and a promenade with fashionable restaurants and boutiques;
- Skydive Dubai;
- Bluewaters Island with the world’s largest observation wheel Ain Dubai.
Property in Como Residences for investments
Premium residences in the off-plan tower are now available at bargain prices directly from the developer. The decision to buy apartments in Como Residences for investment is a smart one because of the rapid growth of the housing prices in Palm Jumeirah: they surged by 54% in 2022 alone. Not many new facilities are built on the island nowadays, which is another reason for sky-high demand. The upscale property for investment in Como Residences will boast exclusive designs and numerous amenities, making it a perfect rental home. The average annual return of local properties is 5.5%.