SLS Residences The Palm
SLS Residences The Palm is a freehold residential tower under construction on The Crescent, Palm Jumeirah, developed by Roya Lifestyle Development under a licensed SLS lifestyle brand from Ennismore. The building is confirmed solely residential, not hotel-operated, with an estimated 113 apartments, duplexes and penthouses across a two- to four-bedroom mix. Construction started in August 2023 and reached roughly 38 percent progress by late 2025, with an expected handover in the second half of 2026. Royale Stays manages the setup, pricing and guest side of listing a unit here for a fee starting from 15%.
Developer
Roya Lifestyle Development
Unit Mix
2 to 4-bed apartments, duplexes & penthouses
Location
The Crescent, Palm Jumeirah
Status
Under construction, est. 113 units, due 2026
About SLS Residences The Palm
SLS Residences The Palm is a single-tower freehold residential development under construction on The Crescent, Palm Jumeirah, next to W Dubai The Palm. It is developed by Roya Lifestyle Development under a licensed SLS lifestyle brand from Ennismore, the international hospitality group behind the SLS hotel brand.
Despite carrying a hotel-associated brand name, the project is confirmed solely residential, a first for Ennismore's SLS brand, with no on-site hotel operation. The development is expected to comprise an estimated 113 apartments, duplexes and penthouses across a two- to four-bedroom mix. Construction began in August 2023 and had reached roughly 38 percent progress by November 2025. Sources differ slightly on the expected handover, with one listing Q3 2026 and another Q4 2026, so owners and renters should confirm the latest timeline directly with the developer or a sales agent.
SLS Residences The Palm should not be confused with SLS Dubai Residences, a separate mixed hotel-and-residences project in Business Bay. The two share the SLS lifestyle brand, licensed from Ennismore, but have different developers and are in different parts of Dubai.
Location & Nearby Landmarks
SLS Residences The Palm spans the full width of a Crescent plot on Palm Jumeirah, with views toward the Palm fronds to the east and the Arabian Gulf, Dubai Marina and Bluewaters Island to the south. W Dubai The Palm sits directly next door, with Raffles The Palm Dubai, One&Only The Palm, Dukes The Palm and Delano Dubai all within a few kilometres along the same stretch.
SLS Residences The Palm joins Royale Stays' wider Palm Jumeirah Building Guide cluster alongside Ocean House and Waldorf Astoria Residences, both other Palm Jumeirah properties Royale Stays covers. For the full picture of the island, see Royale Stays' Palm Jumeirah area guide.
Unit Types
Two-bedroom apartments are priced from around AED 9.1 million, sized 1,696 to 2,723 sq ft with 4 bathrooms. Three-bedroom apartments start from around AED 18 million, sized 2,272 to 4,056 sq ft with 5 bathrooms, alongside a 4,204 sq ft three-bedroom duplex layout. Four-bedroom duplexes start from around AED 47 million, sized around 6,071 sq ft with 6 bathrooms. At the original 2023 sales launch, prices started from around AED 7 million, with the developer reporting in September 2023 that 80 percent of the planned 113 residences had already sold, including one of five premium penthouses at AED 60 million.
The 80-percent-sold and five-penthouse figures date to September 2023, shortly after launch, and are cited here as a dated historical snapshot rather than a current sales status.
Amenities
Planned amenities include a beach club, private beach access, a clubhouse, a gym, an infinity pool, landscaped gardens with sun loungers, a children's club and play room, spa rooms, dining outlets and a recording studio.
A standout feature is the roughly 1,000 sq metre 'Social House' residents club, planned to include living and recreational areas, a chef's table, a cigar lounge, a cinema and a games zone.
Transportation & Access
From SLS Residences The Palm it takes roughly 26 minutes to drive to Dubai Mall, 21 minutes to Burj Al Arab and 22 minutes to The Walk at JBR in typical traffic, with Dubai Marina around 18 to 20 minutes away. Dubai International Airport is around 33 minutes by car, and Al Maktoum International Airport around 41 minutes. Palm Jumeirah has no Dubai Metro station of its own; the Palm Monorail runs along the trunk toward the Atlantis end of the Crescent.
Rental & Price Trends
Dubai Land Department resale records show two-bedroom units at SLS Residences The Palm trading for roughly AED 7.3 million to AED 8.4 million between late 2024 and late 2025, for units between around 1,697 and 2,243 sq ft, a price of roughly AED 3,500 to 5,650 per sq ft. Three-bedroom units have traded from roughly AED 9.9 million to AED 13.8 million in the same window, with one larger outlier recorded at AED 27.6 million. As a beachfront Crescent-plot tower still under construction, pricing here sits toward the upper end of Palm Jumeirah off-plan positioning.
Owners weighing what a unit here could realistically earn once handed over, whether as a long-term let or a short-term rental, can run their own numbers through Royale Stays' Dubai property ROI calculator.
Figures above are sourced to Dubai Land Department open-data resale transactions for SLS Residences The Palm, not developer asking prices or a building-wide average.
STR Income Potential
SLS Residences The Palm is still under construction, so there is no current Airbnb or short-term rental track record for the building yet. Dubai Land Department records already show an active resale market ahead of handover, which is a normal pattern for an in-demand off-plan Palm Jumeirah tower.
SLS Residences The Palm is a standard freehold residential building, not a hotel-operated property. The SLS brand is licensed from Ennismore, but there is no on-site hotel to route bookings or permits through, so owners will be able to apply directly for a DTCM holiday-home permit in the normal way once the building is handed over. Royale Stays manages Airbnb and short-term rental units across Palm Jumeirah, Dubai Marina, Downtown Dubai, JBR and Business Bay for a fee starting from 15%, covering furnishing, photography, pricing, check-in, guest communications and maintenance coordination. Owners can submit their property for a free earnings estimate, or call +971566424239.
No building-specific occupancy or nightly-rate figures exist yet for SLS Residences The Palm, since the building has not been handed over. Figures above are sale-transaction, structural and construction-progress details only.
Questions