The Palladium, JLT
About The Palladium
Named after a rare metal, The Palladium tower is nestled in Jumeirah Lake Towers (JLT). It measures 140 m and consists of 35 floors. It is a mid-rise tower built on Al Khail Street in Jumeirah Lake Towers. The building features 1, 2 and 3-bedroom apartments plus office spaces.
The construction of The Palladium tower started in 2005 and completed in 2007. The building is close to Sheikh Zayed Road making it well-connected with other parts of Dubai.
Jumeirah Lake Towers (JLT) is one of the most sought-after neighbourhoods in Dubai. It is developed by Nakheel Properties. The renowned company has communities such as Al Furjan, Jumeirah Island, Jumeirah Park, Jumeirah Heights, Palm Jumeirah, Discovery Gardens and Warsan Village to its name.
IN A NUTSHELL
- Consists of 35 floors
- A freehold property
- Located in JLT
- Features 1, 2 and 3-bedroom units plus office spaces
- Several supermarkets and restaurants located nearby
- Close to popular business centres such as Dubai Media City and Internet City
Facilities in Palladium Tower JLT
There is a separate area for parking in Palladium Tower JLT. Residents get a reserved parking space in the building while there is a separate space for visitors’ vehicles.
There are three high-speed elevators in Palladium Tower JLT.
Security, Central Air-Conditioning and Maintenance Services
The Palladium has 24-hour security surveillance and CCTV monitoring to ensure the safety of residents. For the maintenance of the building, there is a well-trained staff. The district cooling supplier of the building is Empower.
Gym and Fitness Facilities
There is a well-equipped gym in Palladium Tower JLT. A temperature-controlled outdoor swimming pool and Jacuzzi is there on the rooftop of the tower. There is a separate space for a sauna with wooden walls. There is also a 150-metre jogging track on the 34th floor of the tower.
There is a kids’ play area in the building and table tennis facilities for sports lovers.
Concierge and Guest Services
The Palladium Dubai offers 24-hour concierge services and has a spacious lobby.
The Palladium is a pet-friendly residence.
Palladium Tower JLT Floor Plans
Floor plans in The Palladium Dubai have multiple configurations, these include:
- 1-bedroom apartments in The Palladium consist of one unit type
- 2-bedroom apartments in The Palladium consist of four different unit types
- 3-bedroom apartments in The Palladium consist of two different unit types
Bayut has worked on creating a simple format for 2D and 3D floor plans on the website. There are floor plans for individual towers as well. You can find floor plans for The Palladium on Bayut.
Property Types in Palladium Tower JLT
The Palladium building Dubai offers 1, 2 and 3-bedroom apartments plus office spaces.
Offices in Palladium Tower JLT
There are two different types of offices in The Palladium Dubai:
- Shell-and-core offices
- Fitted offices
Fully fitted offices are ready to move into. All of these offices have floor to ceiling glass windows.
Shell-and-core offices are non-fitted property types, which allows the office owner or tenant to design the interiors as per their taste. These offices also have floor to ceiling glass windows.
Offices for rent in Palladium Tower JLT
Fully fitted offices in the building cover an area ranging from 630 sq. ft. 1478 sq. ft. Offices for rent in Palladium JLT can be rented from AED 45k to AED 75k.
Shell-and-core offices in the building cover an area of around 1,509 sq. ft. The rental price of these offices is around AED 135k per year.
Offices for sale in Palladium Tower JLT
Offices for sale in The Palladium cover an area ranging from 826 sq. ft. to 1,433 sq. ft. These offices can range from AED 536k and AED 1.2 M.
Apartment types in Palladium Tower JLT
The building features 1, 2 and 3-bedroom apartments.
1-Bedroom Apartments in Palladium Tower JLT
1-bedroom apartments in Palladium Tower have a covered area of 923 sq. ft. to 1,200 sq. ft. The bedroom has an attached bathroom, while some units have a guest bathroom as well. The apartments have a semi-open kitchen and a living room. There is a big double glazed glass sliding door that opens in the balcony.
2-Bedroom Apartments in Palladium Tower JLT
2-bedroom apartments are on the upper floors of the tower. These units cover from 1,100 sq. ft. to 1,394 sq. ft. of area. The living room is connected to the balcony through a sliding glass door. The kitchen is closed-style with white tile flooring, granite top and fitted cabinets. The apartment also features linear cupboards and walk-in closets. Some apartments have 2 while some have 3 bathrooms. Most 2-bedroom units offer views of the Jumeirah Lake. They are available in floor plan type Unit 2, Unit 7, Unit 3 and Unit 8.
3-Bedroom Apartments in Palladium Tower JLT
3-bedroom apartments are more spacious than other units. The area they cover is approximately 1,897 sq. ft. to 1,950 sq. ft. The apartments have 3 bathrooms plus 1 guest bathroom. The spacious living and dining area are connected with a sliding glass door that leads to a huge balcony offering panoramic views of the Jumeirah Lake. The kitchen is semi-open and has fitted cabinets and granite top. Most 2-bedroom units have white marble flooring. The apartments have a maid’s room. These units have floor plan type Unit 1 and Unit 5.
Most Popular Apartment Types in Palladium Tower JLT
Based on searches conducted by users on Bayut.com over the past 12 months
According to Bayut.com, 2-bedroom apartments are ranked number one as the most popular bed type. 3-bedroom units stand on the second position while 1-bedroom apartments are ranked on the third position.
Rental Trends in Palladium Tower JLT
- The rental trend of a 1-bedroom apartment for rent in Palladium JLT fluctuates between AED 72k to AED 80k per year.
- 2-bedroom apartments for rent are mostly rented for AED 80k to AED 90k.
- 3-bedroom units for rent are ideal for bigger families and their rent is between AED 130k to AED 135k.
The rent of apartments is to be paid through cheque. Most of the realtors ask for 2 to 3-cheques in a year.
Sale Trends in Palladium Tower JLT
The apartments for sale in The Palladium are quite affordable in spite of offering luxurious amenities.
- The sales price of a 1-bedroom apartment in the building is AED 950k on an average.
- 2-bedroom flats for sale in Palladium JLT can range between AED 1.M to AED 1.2M.
- Interested buyers will find the sale price of 3-bedroom units between AED 1.5M to AED 2.39M.
The sale price of apartments is mostly based on the number of bedrooms and covered area. For other options nearby, you can browse through JLT apartments for sale.
Rental Yield in Palladium Tower JLT
Based on searches conducted by users on Bayut.com over the past 12 months
1-bedroom apartments in The Palladium top the chart with 8% ROI. 3-bedroom flats have 7.5% ROI while 2-bedroom units have a slightly decreased ROI of 7.2%.
The Palladium is dotted in Jumeirah Lake Towers which is a well-established community. It has many restaurants, malls and supermarkets in proximity.
Transportation near Palladium Tower JLT
Transportation near Palladium Tower JLT includes buses, metros and taxis. The Palladium is near Sheikh Zayed Road, which also helps residents who own a car commute with ease.
Bus Stations near Palladium Tower JLT
JLT, Dubai Arch Tower bus stop is within walking distance. JLT, Silver Tower Bus Stop and JLT, Dubai Star Tower Bus Stop are located at a distance of 3 minutes. JLT, Business Center Bus Stop and JLT, The Dome Tower Bus Stop is 4 minutes away.
Metro Stations near Palladium Tower JLT
The nearby metro stations including Jumeirah Lake Tower Metro Station and DMCC Metro Station that are at a 6-minute distance. DAMAC Properties Metro Station is 7 minutes away from the building.
Restaurants near Palladium Tower JLT
Some restaurants near The Palladium include the likes of:
- Nola Eatery & Social House
- Mythos Kouzina & Grill
- Friends Avenue Cafe
- Wokyo- Noodle Bar
Food lovers can enjoy many food options near The Palladium. Wokyo – Noodle Bar is at a 5-minute drive. It is a casual noodle bar and has a healthy menu where diners can choose their base, sauces and protein. The menu includes ramens, soups and desserts.
The nearest restaurants include Nola Eatery & Social House and Mythos Kouzina & Grill. Both are 1 km away. Nola Eatery and Social House offer Southern American food and beverages. It won the Fact Dining Award in 2017. You can reach the restaurant in about 12 minutes from the location.
Mythos Kouzina & Grill is 13 minutes away and is popular for serving authentic Greek food. They claim to serve hand-selected ingredients for light and healthy dishes. It is tucked in Armada BlueBay Hotel on B1 level. It has been awarded Best European Restaurant from TimeOut in 2018.
Fine-dining restaurants in the neighbourhood includes:
- The Cavendish Restaurant
- STAY by Yannick Alleno
The Cavendish Restaurant is the signature restaurant of the 5-star Bonnington Hotel. It is only 4 minutes away.
STAY by Yannick Alleno is one of the top restaurants when it comes to luxury dining in Palm Jumeirah. It is known for serving French delicacies. You can reach this fine dining place within 17 minutes from The Palladium.
Supermarkets near Palladium Tower JLT
Some popular supermarkets near The Palladium are:
- Carrefour Supermarket
- Freshwell Supermarket
- Al Maya Supermarket
Residents of The Palladium don’t need to worry about their grocery as Carrefour Supermarket is in the building. It is a well-stocked convenience store with many branches worldwide.
Other supermarkets are across the Sheikh Zayed Road in Dubai Marina including Freshwell Supermarket and Al Maya Supermarket. Both are around 8 minutes away from the tower. A 24-hour supermarket, Q Mart is also within walking distance located in JLT Cluster R.
- One JLT-Business Centre – commercial
- Dubai Arch Tower – residential
- Fancy Rose – residential
Nearby buildings around The Palladium include Dubai Arch Tower, One JLT-Business Centre and Fancy Rose building.
Major landmarks near the building include:
- Ain Dubai
- JBR Beach
- Dubai Marina Walk
Ain Dubai by Meraas is 9 minutes away from the location. It is a gigantic wheel that is one of a kind in the world. Having a height of about 210 m. This wheel offers 360 degree views of the Dubai skyline. The wheel has a gigantic LED screen mounted for entertainment purpose at its base.
JBR Beach is known to be one of the best beaches in Dubai. You can reach the beach is 7 minutes by car. The beach features a 600m running track, a beach volleyball court and an outdoor gymnasium. There is plenty to do at this beach including things like water-sports, dining and shopping.
Dubai Marina Walk can be reached within 8 minutes from the location. It a 7 km. long waterfront walkway that is lined with palm trees, cafes, restaurants and views of yachts.
THINGS TO CONSIDER
The Palladium is a perfect choice for families as well as individuals and the rent is also affordable. However, there are no studio units in the building. One of the cons of living in The Palladium is the noise caused because of the heavy traffic flow on Sheikh Zayed Road.