FIVE Palm Jumeirah: Airbnb & Short-Term Rental Guide
FIVE Palm Jumeirah is a 16-storey, five-star hotel-branded tower with 221 individually-owned furnished residences alongside 477 hotel rooms. Royale Stays manages the setup, pricing and guest side of listing an owned residence here for a fee starting from 15%.
Storeys
16
Developer
FIVE Holdings
Completed
2016-2017
Owned units
221 (of 698 keys)
Ownership
Freehold
About FIVE Palm Jumeirah
FIVE Palm Jumeirah is a 16-storey, five-star hotel-branded tower on the trunk of Palm Jumeirah, in the Palm West Beach sub-community. The building was developed by FIVE Holdings, via its project subsidiary SKAI Zaya Real Estate Development, itself renamed from SKAI Holdings in 2017, with architectural consultant P&T Architects and Engineers Ltd, and construction completed by November 2016. It opened in April 2017 under a different name, Viceroy Palm Jumeirah, before FIVE Hospitality took over hotel management and rebranded the property to FIVE Palm Jumeirah from June 2017 onward; live property listings today still occasionally reference the older Viceroy name, but it is the same building.
FIVE Palm Jumeirah holds 698 keys in total: 477 hotel rooms and suites operated directly by the hotel, and 221 furnished residences with Arabian Gulf views, individually owned, spanning studio, one, two, three and four-bedroom layouts from roughly 1,076 sq ft up to 12,324 sq ft. FIVE Holdings also operates two other Dubai properties under the same FIVE brand, FIVE Jumeirah Village in JVC and FIVE LUXE JBR in Jumeirah Beach Residence, three genuinely separate buildings in different parts of the city, not to be confused with one another.
Location & Nearby Landmarks
FIVE Palm Jumeirah sits on the trunk of Palm Jumeirah, in the Palm West Beach sub-community, directly on a private stretch of beach. This is one of Palm Jumeirah’s most central and well-connected stretches, close to the island’s main retail and dining strip and within easy reach of the Fronds’ villa communities further out along the palm-shaped island.
Royale Stays actively manages Airbnb properties across Palm Jumeirah, and owners here are covered under the same Palm Jumeirah Airbnb management service used across the rest of the island, alongside the nearby Balqis Residence, Serenia Residences and Golden Mile 5 guides.
Unit Types
FIVE Palm Jumeirah’s individually owned residences come in studio, one, two, three and four-bedroom configurations, all finished and furnished, with Arabian Gulf sea views and sizes ranging from around 1,076 sq ft for the smallest studios up to roughly 12,324 sq ft for the largest four-bedroom layouts. These are sold and marketed on Dubai’s major portals as hotel apartments, a distinct property class where the unit sits inside a hotel-operated building but is individually titled and can be bought, sold, or rented out by its owner, the same structure already established at the brand’s JVC sister property.
Amenities
FIVE Palm Jumeirah is built around a genuinely resort-scale, five-star amenity set. On the dining and nightlife side: Praia for seaside dining, ROAR for cocktails, Cinque for Italian cuisine, Bling nightclub, and The Penthouse Dubai, a rooftop lounge with panoramic views over Dubai Marina and Bluewaters Island. Beach by FIVE gives owners and guests access to a 150-metre stretch of private beach anchored by the Bohemia Beach Club, plus watersports including jet skis, flyboards and e-foils. Wellness options include the ReFIVE Spa and the Move at FIVE outdoor gym, alongside a kids’ club, a glass-lined pool and an event hall.
Transportation & Access
Palm Jumeirah has no Dubai Metro station of its own, so most residents and guests rely on private car, taxi or ride-hailing apps like Careem, with the Palm Monorail providing an additional option for reaching the mainland-facing end of the island. FIVE Palm Jumeirah’s trunk location, close to Palm West Beach, keeps guests within a short drive of Dubai Marina, JBR and Downtown Dubai. Dubai International Airport is typically a 30-40 minute drive depending on traffic.
Rental & Price Trends
Live listings on Bayut for FIVE Palm Jumeirah show apartments currently asking from roughly AED 1.35 million up to AED 43.5 million, with an average asking price in the region of AED 7.85 million (single-source figure, treat as indicative). No third-party source publishes a FIVE Palm Jumeirah-specific short-term rental rate, so the figures below are Palm Jumeirah area-blended averages from Royale Stays’ own portfolio data, and notably, one of the actual properties behind these blended figures is itself a 3-bedroom-plus-maid’s-room unit inside FIVE Palm Jumeirah: 3-bedroom units average around AED 1,696/night at 88% occupancy (roughly AED 46,565/month), 2-bedroom units average around AED 1,423/night (roughly AED 38,922/month), and 1-bedroom units average around AED 706/night (roughly AED 19,279/month).
Airbnb / Short-Term Rental Income Potential
An individually owned residence at FIVE Palm Jumeirah comes with a genuine advantage for short-term letting: the building itself is already a working, guest-facing five-star hotel and beach club, complete with the amenities and presentation standard short-stay guests expect. Because this is a hotel-branded, hotel-operated building rather than a standalone owner-managed apartment tower, the permit process for an individual owner’s unit is arranged through the building’s own management company (FIVE Hospitality) rather than a standalone owner application, the standard route for hotel and serviced-apartment buildings.
Royale Stays already has direct visibility into how a unit in this exact building performs, since a FIVE Palm Jumeirah residence is one of the properties feeding the company’s own Palm Jumeirah portfolio data. As with any building, actual achievable nightly rates and occupancy depend on furnishing quality, professional photography, dynamic pricing and guest-facing management, which is exactly the layer Royale Stays’ from-15% management service is built to handle for owners.
One of the properties feeding the Palm Jumeirah portfolio figures above is a real Royale Stays-adjacent 3-bedroom unit inside this exact building; the price range cited is single-sourced to Bayut and treated as indicative, not a firm market average.
Questions