28-04-2025
Gulf House Real Estate's Olaia Residences offers luxury waterfront living
Gulf House Real Estate, a premier luxury real estate developer in Dubai, has launched its signature development, Olaia Residences, an exclusive residential project set in the heart of Palm Jumeirah – one of the world's most iconic destinations.
Leading UAE brokerage firm Metropolitan Premium Properties is the exclusive sales and marketing partner for the project.
Located on Dubai's most prestigious address, Olaia captures the very essence of luxury waterfront living, boasting panoramic views of the Arabian Gulf, Dubai skyline and private beach access. State-of-the-art amenities include indoor and outdoor pools (rooftop), a wellness centre, a mini-golf, 24/7 security and concierge services.
'Olaia is more than just a residence; it's a living statement, a symbol of elevated living and personal distinction,' says Mohammed Mana Sultan Aballala, Founder and Chairman of Gulf House Real Estate. 'At Gulf House, we believe exceptional living goes beyond aesthetics, which means our developments are designed to deliver personalised service, attention to detail and a seamless experience from purchase through to post-handover care.'
Blending architectural brilliance with refined elegance, Olaia Residences offers a limited collection of bespoke duplexes and luxury apartments, crafted to deliver an extraordinary lifestyle where opulence meets serenity. The collection of uniquely designed homes, created for discerning buyers who seek individuality and prestige, boasts a sophisticated design with floor-to-ceiling glass and expansive terraces showcasing uninterrupted views.
Palm Jumeirah is synonymous with luxury and grandeur and Olaia Residences is the newest crown jewel within this globally recognised community. Olaia will become a destination where everyday life feels like an escape—where breathtaking sunrises and evenings by the sea become a daily ritual.
Investment opportunity
'From an investment perspective, the Palm Jumeirah community is among the most popular and high-performing in Dubai and it has already helped sell 20 per cent of the project prior to launch,' says Maria Karmalova, Head of Exclusive Sales at Metropolitan Premium Properties. 'There is a limited availability of new luxury developments on Palm Jumeirah, strong rental demand from high-net-worth tenants as well as excellent resale potential thanks to its central location and prestigious surroundings.'
The residences will consist of one- to three-bedroom apartments and three- to five-bedroom duplexes with the price of a one-bedroom unit starting at Dh3.2 million and the initial price for a duplex at Dh11 million. There are 18 duplexes on the top floor, with private pool, and 16 on the ground floor with sizes ranging from 2,200 square feet up to 4,000 square feet.
The available payment plan is 50/50 with a 10 per cent booking fee. Handover of the project is expected in the fourth quarter of 2027.
Olaia Residences is situated on Al Ittihad Park, 1.1 million square feet of green oasis where visitors can take relaxing strolls, have a picnic, jog on a 3.2km track, do yoga or exercise amidst beautiful greenery and a picturesque setting. Olaia is also next to The Palm Monorail, the only public transportation system on the Palm that lets its users explore key destinations such as the Golden Mile Galleria, Al Ittihad Park, Nakheel Mall and Atlantis Aquaventure. The Monorail also connects residents within minutes to the vibrant city centre, providing easy access to five-star hotels, Michelin-starred restaurants, designer boutiques and premier leisure destinations.
Gulf House Real Estate is a forward-thinking real estate developer renowned for redefining the landscape of luxury living in the UAE. With a focus on innovation, craftsmanship and lifestyle-centric design, the developer is committed to creating timeless properties that reflect the aspirations of a new generation of homeowners.
