The Alba Residences by Omniyat: off-plan project in Palm Jumeirah
The Alba Residences by Omniyat is an off-plan residential apartment project in Palm Jumeirah, registered with the Dubai Land Department as project no. 2987 and developed by Grandeur Beach Real Estate Development L.L.C. From October 16, 2025 to October 16, 2026, 21 off-plan sales were registered there at a median price of AED 29,130,640 (AED 9,123 per sq ft); 80% of sales fall between AED 16,361,144 and AED 64,000,000.
- 21off-plan sales in 12 months
- AED 29,130,640median sale price
- AED 9,123median price per sq ft
- 1.8%construction progress (DLD)
- March 2028end date in the register
- 165registered units
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026. Source: Dubai Land Department project register (open data), as of 15/06/2026.
What the figures say
- Positioning: at AED 9,123 per sq ft, The Alba Residences by Omniyat is 51.5% above the median of off-plan sales across the 3 projects tracked in Palm Jumeirah (AED 6,022 per sq ft), and 416.1% above the median of Dubai off-plan sales (AED 1,768 per sq ft).
- Sales pace: 21 off-plan sales in 12 months, about 2 a month; number 3 by sales in Palm Jumeirah over the period.
- Construction: 1.8% complete in the DLD register, construction is at an early stage; planned end March 2028.
- Profile: the best-selling type (apartment · 3 bedrooms) makes up 42.9% of sales, alongside 3 other types.
The Alba Residences by Omniyat: official project sheet
Details from the project register kept by the Dubai Land Department. Off-plan payments go to the project's escrow account, as required by Dubai Law No. 8 of 2007.
| Item | DLD register |
|---|---|
| DLD project number | 2987 |
| Registered developer | Grandeur Beach Real Estate Development L.L.C (developer no. 1586) |
| Master developer | Nakheel.(p J S C) |
| Community (master project) | Palm Jumeirah |
| DLD area | Palm Jumeirah |
| Register status | active |
| Construction progress | 1.8% |
| Project start | July 1, 2024 |
| Planned end | March 31, 2028 |
| Registered units | 165 units |
| Buildings | 3 |
| Escrow account | escrow agent registered with the DLD for this project |
Source: Dubai Land Department project register (open data), as of 15/06/2026.
The Alba Residences by Omniyat off-plan prices by unit type
Off-plan sales over the last 12 months, at least 3 sales per row. Entry ticket observed: apartment · 2 bedrooms, at a median AED 18,139,500.
| Unit type | Sales | Median price | Range (AED) | Median size | Price / sq ft |
|---|---|---|---|---|---|
| Apartment · 2 bedrooms | 8 | AED 18,139,500 | 16,361,144 – 23,803,390 | 189 m² (2,034 sq ft) | AED 10,396 |
| Apartment · 3 bedrooms | 9 | AED 30,000,000 | 21,717,266 – 44,151,334 | 267 m² (2,874 sq ft) | AED 8,498 |
| Apartment · 4 bedrooms | 3 | AED 64,000,000 | — | 623 m² (6,706 sq ft) | AED 9,123 |
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
To turn one of these prices into a payment schedule, use OffPlanSimulator's off-plan payment plan calculator, then add registration fees with the Dubai buying costs calculator.
Sales by unit type
Apartment · 3 bedrooms: 42.9% of off-plan sales, with a median size of 267 m² (242 to 524 m² for 80% of them).
- Apartment · 3 bedrooms: 42.9% (9 sales)
- Apartment · 2 bedrooms: 38.1% (8 sales)
- Apartment · 4 bedrooms: 14.3% (3 sales)
- Apartment · 5+ bedrooms: 4.8% (1 sales)
Source: Dubai Land Department open data, sales registered from 16/10/2025 to 16/10/2026.
The Alba Residences by Omniyat off-plan price by quarter
The median off-plan price per sq ft moved from AED 8,950 in Q4 2024 to AED 8,283 in Q2 2026 (-7.5%). Quarter-to-quarter changes also reflect the mix of units sold.
| Quarter | Off-plan sales | Median / sq ft | Change |
|---|---|---|---|
| Q4 2024 | 5 | AED 8,950 | — |
| Q1 2025 | 7 | AED 8,686 | -2.9% |
| Q2 2025 | 4 | AED 8,879 | — |
| Q3 2025 | 18 | AED 11,159 | — |
| Q4 2025 | 5 | AED 9,764 | -12.5% |
| Q1 2026 | 3 | AED 7,515 | — |
| Q2 2026 | 10 | AED 8,283 | — |
Source: Dubai Land Department open data, off-plan sales registered since 1 January 2024, as of 16/10/2026.
Rents in Palm Jumeirah
To gauge the rental market around The Alba Residences by Omniyat: annual rents of Ejari contracts registered in Palm Jumeirah over the last 12 months (4,238 contracts).
| Unit type | Contracts | Median annual rent | Middle 50% range |
|---|---|---|---|
| Apartment · Studio | 251 | AED 90,000 | 80,000 – 105,000 |
| Apartment · 1 bedroom | 1,111 | AED 147,000 | 126,000 – 170,000 |
| Apartment · 2 bedrooms | 1,687 | AED 202,585 | 180,000 – 255,000 |
| Apartment · 3 bedrooms | 769 | AED 289,000 | 241,750 – 356,000 |
| Apartment · 4 bedrooms | 85 | AED 600,000 | 388,375 – 1,091,250 |
| Apartment · 5+ bedrooms | 27 | AED 577,500 | 320,000 – 1,200,000 |
| Villa / townhouse · 3 bedrooms | 19 | AED 600,000 | 495,000 – 700,000 |
| Villa / townhouse · 4 bedrooms | 147 | AED 950,000 | 710,000 – 1,525,000 |
| Villa / townhouse · 5+ bedrooms | 142 | AED 1,200,000 | 722,518 – 2,000,000 |
To compare a market rent with your purchase price and running costs, the rental yield calculator works it through step by step.
Source: Dubai Land Department, Ejari rent contracts (open data), 20/10/2025 to 20/10/2026.
Where is The Alba Residences by Omniyat?
The Alba Residences by Omniyat is in Palm Jumeirah, Dubai.
- Nearest metro station: Al Sufouh
- Nearest shopping mall: Mall of the Emirates
- Nearest landmark: Burj Al Arab
Source: Dubai Land Department, reference points attached to registered sales.
Further reading
- All off-plan projects in Palm Jumeirah
- All DLD sales at The Alba Residences by Omniyat (new and resale)
- Palm Jumeirah property prices
- Palm Jumeirah rents
- All Grandeur Beach Real Estate Development L.L.C projects
Other off-plan projects in Palm Jumeirah
- Passo By Beyond — AED 6,022/sq ft
- Serenia Living — AED 4,599/sq ft
Same budget elsewhere in Dubai (around AED 29,130,640)
- Baccarat Hotel and Residences, Dubai, Downtown Dubai — AED 28,300,000
- Solaya (1,2,3), La Mer — AED 30,661,000
- Bugatti Residences by Binghatti, Business Bay — AED 28,000,000
- Peninsula Dubai Residences - Tower 2, Jumeirah Second — AED 33,702,600
- Solaya (4,6), La Mer — AED 27,592,000
- Aman Residences Dubai, Jumeirah Second — AED 70,041,472
Projects presented by Cevitas
Our Palm Jumeirah guides
Frequently asked questions
How much does a home at The Alba Residences by Omniyat cost?
Over the last 12 months, the 21 off-plan sales registered with the DLD show a median price of AED 29,130,640, or AED 9,123 per sq ft; 80% fall between AED 16,361,144 and AED 64,000,000. The developer's current prices are on its price list.
When will The Alba Residences by Omniyat be completed?
In the DLD project register (as of 15/06/2026), the project is "active", 1.8% complete, with a planned end date of March 31, 2028. The handover date is confirmed by the developer.
Who is the developer of The Alba Residences by Omniyat?
The DLD register lists Grandeur Beach Real Estate Development L.L.C (developer no. 1586), in a community developed by Nakheel.(p J S C).
What unit types are sold at The Alba Residences by Omniyat?
Off-plan sales over the last 12 months cover: apartment · 3 bedrooms (9), apartment · 2 bedrooms (8), apartment · 4 bedrooms (3), apartment · 5+ bedrooms (1). Best-selling type: apartment · 3 bedrooms, at a median AED 30,000,000 for 267 m².
Has the price per sq ft at The Alba Residences by Omniyat changed?
The median off-plan price moved from AED 8,950 per sq ft in Q4 2024 to AED 8,283 in Q2 2026, based on DLD-registered sales.
How do I get the The Alba Residences by Omniyat price list and payment plan?
Ask with the "Get the price list" button or on WhatsApp at +971 55 772 2710: a RERA-licensed Cevitas advisor sends you the available units, the developer's prices and the current payment plan, with no buyer commission on new launches.
Sources and method
Off-plan sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), residential sales registered off-plan ("Off-Plan Properties") from October 16, 2025 to October 16, 2026. Median price = middle registered price; range = 80% of sales (10th to 90th percentile). Price per sq ft = price / registered area (1 m² = 10.764 sq ft).
Developer, status, progress and dates: DLD "Projects" register (data.dubai) and "Developers" register (data.dubai), extract as of June 15, 2026. Progress is the figure from the latest DLD inspection on record; the end date is the one declared in the register and may be updated by the DLD.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), median annual rent of residential contracts over the last 12 months in the area.
Data published under the Dubai Open Data Licence and analysed by Cevitas Real Estate. They describe official transactions and an official register; they are not a valuation, a promise of return or investment advice. The developer's current prices are on its price list.