2-bed · 1,178 sqftPalace Residences - The Lagoons, Dubai Creek Harbour · 15th floor · completed 2022

1507, Palace Residences - The Lagoons

Sold prices and rental history: sold once, by the developer in October 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1507 · DLD and Ejari recordsUpdated 21 October 2020
Last soldAED 1.95M21 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1507, Palace Residences - The Lagoons

What is 1507 worth today?

Last sold for AED 1,952,888 in 2020

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21 Oct 2020Sold by developerOff-plan
AED 1,952,888AED 1,658 per sqft

Source: Dubai Land Department. Updated 21 October 2020.

Key facts

Type
2-bed apartment
Size
1,178 sqft
Floor
15th of 43
Parking
1
Developer
Emaar
Completed
2022
Last sold
AED 1.95M · October 2020

About 1507, Palace Residences - The Lagoons

1507 is a two-bedroom apartment of 1,178 sqft on the 15th floor of Palace Residences - The Lagoons, a 43-storey tower in Dubai Creek Harbour completed in 2022 by Emaar. The developer sold it on 21 October 2020 for AED 1,952,888, or AED 1,658 per sqft, in line with the AED 1,683 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1507 over time

Sales
Unit 1507, each saleTypical two-bed in Palace Residences - The Lagoons
2M3M20192021202320252027Typical sale price by year: 2019 AED 1,893,888; 2020 AED 1,881,888; 2021 AED 1,902,388; 2022 AED 1,984,888; 2023 AED 2,300,000; 2024 AED 3,000,000; 2025 AED 3,350,000; 2026 AED 3,225,000Sold by developer, October 2020: AED 1,952,888 (AED 1,658 per sqft)

1507 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1507, each contractTypical two-bed in Palace Residences - The Lagoons
160K165K2024202520262027Typical rent by year: 2024 AED 160,000; 2025 AED 167,400; 2026 AED 160,000

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Palace Residences - The Lagoons, and where 1507 sits

All 276 2-beds →

1507 last sold in October 2020 at AED 1,658 per sqft, in line with what two-beds in Palace Residences - The Lagoons were fetching at the time (AED 1,683). Over the last 12 months two-beds sold for AED 2,100,000 to 3,850,000, around AED 2,815 per sqft, and rent for AED 120,750 to 280,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Oct 20262,700,000
1 Oct 20263,850,000
22 Sep 20263,100,000
7 Aug 20263,350,000
14 2-bed sales in the last 12 months

Palace Residences - The Lagoons

Building

587 apartments, 1-bed to 4-bed over 43 floors in Dubai Creek Harbour, completed in 2022 by Emaar. 33 sold in the last 12 months.

Typical price per sqft
AED 2,907 Up 4.2%
Typical sale
AED 2.7M
Typical rent
AED 150K /yr
Typical yield
5.1%
Palace Residences - The Lagoons, Dubai Creek Harbour: prices, sales and rents →
Value
15011-bedAED 1.55M · Sep 2023
15021-bedAED 2.15M · Oct 2024
15032-bedAED 1.42M · Sep 2019
15043-bedAED 4.09M · Feb 2024
15052-bedAED 1.91M · Jun 2019
15062-bedAED 3.1M · Jun 2024
15082-bedAED 2.88M · Nov 2023
1–7 of 14

1507, Palace Residences - The Lagoons in numbers

  • Sold once: by Emaar on 21 October 2020 for AED 1,952,888, or AED 1,658 per sqft.
  • Two-beds in Palace Residences - The Lagoons sold for AED 2,100,000–3,850,000 in the 12 months to November 2026; the building's median across all types is AED 2,907 per sqft.

Source: Dubai Land Department. Updated 21 October 2020.

Questions about 1507, Palace Residences - The Lagoons

What did unit 1507 last sell for?

AED 1,952,888 on 21 October 2020, sold by the developer: AED 1,658 per sqft for 1,178 sqft. It is the only registered sale of the unit.

How big is unit 1507?

1,178 sqft (109.4 sqm): a two-bedroom apartment on the 15th floor of a 43-storey tower completed in 2022.

What is unit 1507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palace Residences - The Lagoons sold for AED 2,100,000 to 3,850,000 in the last 12 months, around AED 2,815 per sqft.

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Mortgage on 1507, Palace Residences - The Lagoons

Starts from the last sale price (AED 1.95M, 21 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,952,888
Deposit, UAE resident (20%)
AED 390,578
Deposit, non-resident (40%)
AED 781,155
Monthly over 25 years at 3.7%
AED 7,990

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →