Olaia Residences

Olaia Residences is a residential development under construction on the trunk of Palm Jumeirah in Dubai. It is being developed by Gulf House Real Estate Development and is planned to offer 1–3 bedroom apartments alongside 3–5 bedroom duplexes.

Type

Apartment

Area

Palm Jumeirah

Community

Palm Jumeirah

Typical rent

AED 120k–1.5M+/yr

Listed amenities

5

Photos

3

On Lived since

Jun 2026

Is Olaia Residences a good place to rent in Palm Jumeirah?

Apartments on the Palm run AED 120,000–350,000/year in 2026. Villas are AED 300,000–1,500,000+. The address premium is real — so is the car dependency. Read Lived reviews before committing. For unit-by-unit experience at Olaia Residences specifically, read verified tenant reviews on Lived once tenants start sharing reports.

How much does it cost to rent at Olaia Residences in Palm Jumeirah?

Apartments run AED 120,000–350,000/year depending on size and view. Villas on the fronds start around AED 300,000/year for smaller plots and go above AED 1,500,000 for signature villas. The monorail covers the trunk; frond living requires a car.

Is commuting from Palm Jumeirah practical?

Car-dependent, yes. The Palm Monorail connects to the Gateway Mall and Atlantis but not to the Metro. Rush hour traffic on the Palm itself can add 20–40 minutes to any journey. Most Palm residents work in Media City, JLT, or DIFC to keep commutes manageable.

Olaia Residences: Are Palm Jumeirah villas good value?

Per square metre, frond villas offer substantially more space than comparable-cost apartments elsewhere in Dubai. You gain a garden, pool access, and privacy. You lose walkability entirely and spend significantly more on utilities. Read Lived tenant reviews to get an honest picture.