2-bed · 1,187 sqftPalace Residences - The Lagoons, Dubai Creek Harbour · 40th floor · completed 2022

4008, Palace Residences - The Lagoons

Sold prices and rental history: sold 3 times, last in April 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4008 · DLD and Ejari recordsUpdated 23 April 2024
Last soldAED 3.2M23 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4008, Palace Residences - The Lagoons

What is 4008 worth today?

Last sold for AED 3,200,000 in 2024

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23 Apr 2024SoldReady
AED 3,200,000AED 2,694 per sqft
5 Oct 2023SoldReady
AED 1,938,000AED 1,632 per sqft
11 Sep 2023Sold by developerReady
AED 2,048,888AED 1,725 per sqft

Source: Dubai Land Department. Updated 23 April 2024.

Key facts

Type
2-bed apartment
Size
1,187 sqft
Floor
40th of 43
Parking
B1-A61
Developer
Emaar
Completed
2022
Last sold
AED 3.2M · April 2024

About 4008, Palace Residences - The Lagoons

4008 is a two-bedroom apartment of 1,187 sqft on the 40th floor of Palace Residences - The Lagoons, a 43-storey tower in Dubai Creek Harbour completed in 2022 by Emaar. It last sold on 23 April 2024 for AED 3,200,000, or AED 2,694 per sqft, 19% above the AED 2,270 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 4008 over time

Sales
Unit 4008, 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, September 2023: AED 2,048,888 (AED 1,725 per sqft)Sold, October 2023: AED 1,938,000 (AED 1,632 per sqft)Sold, April 2024: AED 3,200,000 (AED 2,694 per sqft)

4008 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4008, 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 4008 sits

All 276 2-beds →

4008 last sold in April 2024 at AED 2,694 per sqft, 19% above what two-beds in Palace Residences - The Lagoons were fetching at the time (AED 2,270). 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
40011-bedAED 1.7M · Apr 2024
40021-bedAED 1.09M · Jul 2019
40032-bedAED 1.7M · Aug 2022
40043-bedAED 4.9M · Oct 2025
40054-bedAED 4.32M · Sep 2020
40064-bedAED 4.33M · Dec 2021
40071-bedAED 2.2M · Mar 2024
1–7 of 11

4008, Palace Residences - The Lagoons in numbers

  • Sold 3 times: first on 11 September 2023 for AED 2,048,888, last on 23 April 2024 for AED 3,200,000 (AED 2,694 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 23 April 2024.

Questions about 4008, Palace Residences - The Lagoons

What did unit 4008 last sell for?

AED 3,200,000 on 23 April 2024: AED 2,694 per sqft for 1,187 sqft. The unit has 3 registered sales; the first was AED 2,048,888 in September 2023.

How big is unit 4008?

1,187 sqft (110.3 sqm): a two-bedroom apartment on the 40th floor of a 43-storey tower completed in 2022.

What is unit 4008 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 4008, Palace Residences - The Lagoons

Starts from the last sale price (AED 3.2M, 23 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

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