216, Palace Residences 1
Sold prices and rental history: sold once, by the developer in July 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 216, Palace Residences 1
What is 216 worth today?
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Source: Dubai Land Department. Updated 17 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,169 sqft
- Floor
- 2nd of 21
- Parking
- 1
- Developer
- Dubai Hills Estate
- Last sold
- AED 2.72M · July 2024
- Building
- Palace Residences 1
About 216, Palace Residences 1
216 is a two-bedroom apartment of 1,169 sqft on the 2nd floor of Palace Residences 1, a 21-storey tower in Dubai Hills Estate by Dubai Hills Estate. The developer sold it on 17 July 2024 for AED 2,717,888, or AED 2,324 per sqft, in line with 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 216 over time
216 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 216 sits
All 132 2-beds →216 last sold in July 2024 at AED 2,324 per sqft, in line with 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 2nd floor
All 284 units in Palace Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | 2-bed | 1,114 sqft | AED 2.66MAED 2,660,000 · Sep 2025September 2025 | ||
| 202 | 2-bed | 1,119 sqft | AED 2.66MAED 2,662,888 · Jul 2024July 2024 | ||
| 203 | 3-bed | 1,542 sqft | AED 3.97MAED 3,968,888 · Jul 2024July 2024 | ||
| 204 | 2-bed | 1,220 sqft | AED 2.74MAED 2,742,888 · Jul 2024July 2024 | ||
| 205 | 1-bed | 752 sqft | AED 1.78MAED 1,781,888 · Jul 2024July 2024 | ||
| 206 | 1-bed | 747 sqft | AED 1.77MAED 1,770,888 · Jul 2024July 2024 | ||
| 207 | 1-bed | 752 sqft | AED 1.78MAED 1,780,888 · Jul 2025July 2025 | ||
| 208 | 2-bed | 1,207 sqft | AED 2.6MAED 2,600,888 · Jul 2024July 2024 | ||
| 209 | 1-bed | 758 sqft | AED 1.8MAED 1,797,888 · Jul 2024July 2024 | ||
| 210 | 1-bed | 743 sqft | AED 1.76MAED 1,760,888 · Jul 2024July 2024 | ||
| 211 | 1-bed | 747 sqft | AED 1.77MAED 1,771,888 · Jul 2024July 2024 | ||
| 212 | 1-bed | 751 sqft | AED 1.78MAED 1,780,888 · Jul 2024July 2024 | ||
| 213 | 2-bed | 1,219 sqft | AED 2.61MAED 2,611,888 · Jul 2024July 2024 | ||
| 214 | 3-bed | 1,546 sqft | AED 3.8MAED 3,800,000 · Aug 2025August 2025 | ||
| 215 | 2-bed | 1,160 sqft | AED 2.7MAED 2,702,888 · Jul 2024July 2024 |
216, Palace Residences 1 in numbers
- Sold once: by Dubai Hills Estate on 17 July 2024 for AED 2,717,888, or AED 2,324 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 17 July 2024.
Questions about 216, Palace Residences 1
What did unit 216 last sell for?
AED 2,717,888 on 17 July 2024, sold by the developer: AED 2,324 per sqft for 1,169 sqft. It is the only registered sale of the unit.
How big is unit 216?
1,169 sqft (108.6 sqm): a two-bedroom apartment on the 2nd floor of a 21-storey tower.
What is unit 216 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 216, Palace Residences 1
Starts from the last sale price (AED 2.72M, 17 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,717,888
- Deposit, UAE resident (20%)
- AED 543,578
- Deposit, non-resident (40%)
- AED 1,087,155
- Monthly over 25 years at 3.7%
- AED 11,120
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →