1607, Palace Residences 1
Sold prices and rental history: sold once, by the developer in August 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1607, Palace Residences 1
What is 1607 worth today?
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Source: Dubai Land Department. Updated 22 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,209 sqft
- Floor
- 16th of 21
- Parking
- 1
- Developer
- Dubai Hills Estate
- Last sold
- AED 2.68M · August 2024
- Building
- Palace Residences 1
About 1607, Palace Residences 1
1607 is a two-bedroom apartment of 1,209 sqft on the 16th floor of Palace Residences 1, a 21-storey tower in Dubai Hills Estate by Dubai Hills Estate. The developer sold it on 22 August 2024 for AED 2,679,888, or AED 2,216 per sqft, 4% below the AED 2,317 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1607 over time
1607 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in Palace Residences 1, and where 1607 sits
All 132 2-beds →1607 last sold in August 2024 at AED 2,216 per sqft, 4% below what two-beds in Palace Residences 1 were fetching at the time (AED 2,317). Over the last 12 months two-beds sold for AED 2,300,000 to 2,923,324, around AED 2,373 per sqft.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Oct 20263 October 2026 | 1,220 sqft | 2,923,324 | 2,397 | ||
| 3 Oct 20263 October 2026 | 1,207 sqft | 2,773,564 | 2,297 | ||
| 11 Aug 202611 August 2026 | 1,219 sqft | 2,300,000 | 1,886 | ||
| 1 Jul 20261 July 2026 | 1,208 sqft | 2,691,888 | 2,228 |
Palace Residences 1
Building284 apartments, 1-bed to 3-bed over 21 floors in Dubai Hills Estate by Dubai Hills Estate. 11 sold in the last 12 months.
- Typical price per sqft
- AED 2,383 Down 0.2%
- Typical sale
- AED 2.69M
- Typical rent
- Few contracts
- Typical yield
Other units on the 16th floor
All 284 units in Palace Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 750 sqft | AED 1.95MAED 1,953,888 · Jul 2024July 2024 | ||
| 1602 | 3-bed | 1,488 sqft | AED 3.67MAED 3,665,888 · Jul 2024July 2024 | ||
| 1603 | 3-bed | 1,543 sqft | AED 4.15MAED 4,147,888 · Jul 2024July 2024 | ||
| 1604 | 2-bed | 1,220 sqft | AED 2.82MAED 2,816,888 · Jul 2024July 2024 | ||
| 1605 | 2-bed | 1,124 sqft | AED 2.6MAED 2,597,888 · Jul 2024July 2024 | ||
| 1606 | 2-bed | 1,118 sqft | AED 2.58MAED 2,581,888 · Jul 2024July 2024 |
1607, Palace Residences 1 in numbers
- Sold once: by Dubai Hills Estate on 22 August 2024 for AED 2,679,888, or AED 2,216 per sqft.
- Two-beds in Palace Residences 1 sold for AED 2,300,000–2,923,324 in the 12 months to November 2026; the building's median across all types is AED 2,383 per sqft.
Source: Dubai Land Department. Updated 22 August 2024.
Questions about 1607, Palace Residences 1
What did unit 1607 last sell for?
AED 2,679,888 on 22 August 2024, sold by the developer: AED 2,216 per sqft for 1,209 sqft. It is the only registered sale of the unit.
How big is unit 1607?
1,209 sqft (112.3 sqm): a two-bedroom apartment on the 16th floor of a 21-storey tower.
What is unit 1607 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 1 sold for AED 2,300,000 to 2,923,324 in the last 12 months, around AED 2,373 per sqft.
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Mortgage on 1607, Palace Residences 1
Starts from the last sale price (AED 2.68M, 22 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,679,888
- Deposit, UAE resident (20%)
- AED 535,978
- Deposit, non-resident (40%)
- AED 1,071,955
- Monthly over 25 years at 3.7%
- AED 10,964
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →