406, 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 406, Palace Residences 1
What is 406 worth today?
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Source: Dubai Land Department. Updated 25 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 747 sqft
- Floor
- 4th of 21
- Parking
- 1
- Developer
- Dubai Hills Estate
- Last sold
- AED 1.78M · July 2024
- Building
- Palace Residences 1
About 406, Palace Residences 1
406 is a one-bedroom apartment of 747 sqft on the 4th floor of Palace Residences 1, a 21-storey tower in Dubai Hills Estate by Dubai Hills Estate. The developer sold it on 25 July 2024 for AED 1,777,888, or AED 2,379 per sqft, in line with the AED 2,397 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 406 over time
406 has sold once; the dashed line is the one-bed median of each year in the building.
1-beds in Palace Residences 1, and where 406 sits
All 120 1-beds →406 last sold in July 2024 at AED 2,379 per sqft, in line with what one-beds in Palace Residences 1 were fetching at the time (AED 2,397). Over the last 12 months one-beds sold for AED 1,766,888 to 1,805,888, around AED 2,383 per sqft.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 May 202621 May 2026 | 747 sqft | 1,766,888 | 2,364 | ||
| 21 Apr 202621 April 2026 | 747 sqft | 1,781,888 | 2,383 | ||
| 15 Apr 202615 April 2026 | 747 sqft | 1,805,888 | 2,416 | ||
| 25 Sep 202525 September 2025 | 747 sqft | 1,788,888 | 2,393 |
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 4th floor
All 284 units in Palace Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,115 sqft | AED 2.69MAED 2,687,888 · Jul 2024July 2024 | ||
| 402 | 2-bed | 1,119 sqft | AED 2.72MAED 2,723,888 · Jul 2024July 2024 | ||
| 403 | 3-bed | 1,542 sqft | AED 4.05MAED 4,051,888 · Jul 2024July 2024 | ||
| 404 | 2-bed | 1,220 sqft | AED 2.75MAED 2,752,888 · Jul 2024July 2024 | ||
| 405 | 1-bed | 752 sqft | AED 1.79MAED 1,788,888 · Jul 2024July 2024 | ||
| 407 | 1-bed | 752 sqft | AED 1.79MAED 1,786,888 · Jul 2024July 2024 | ||
| 408 | 2-bed | 1,207 sqft | AED 2.61MAED 2,610,888 · Sep 2024September 2024 | ||
| 409 | 1-bed | 758 sqft | AED 1.79MAED 1,786,839 · Jul 2024July 2024 | ||
| 410 | 1-bed | 743 sqft | AED 1.77MAED 1,767,888 · Jul 2024July 2024 | ||
| 411 | 1-bed | 747 sqft | AED 1.78MAED 1,777,888 · Jul 2024July 2024 | ||
| 412 | 1-bed | 751 sqft | AED 1.79MAED 1,787,888 · Aug 2024August 2024 | ||
| 413 | 2-bed | 1,219 sqft | AED 2.62MAED 2,621,888 · Jul 2024July 2024 | ||
| 414 | 3-bed | 1,546 sqft | AED 3.62MAED 3,624,888 · Jul 2024July 2024 | ||
| 415 | 2-bed | 1,160 sqft | AED 2.74MAED 2,738,888 · Jul 2024July 2024 | ||
| 416 | 2-bed | 1,169 sqft | AED 2.75MAED 2,753,888 · Jul 2024July 2024 |
406, Palace Residences 1 in numbers
- Sold once: by Dubai Hills Estate on 25 July 2024 for AED 1,777,888, or AED 2,379 per sqft.
- One-beds in Palace Residences 1 sold for AED 1,766,888–1,805,888 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 25 July 2024.
Questions about 406, Palace Residences 1
What did unit 406 last sell for?
AED 1,777,888 on 25 July 2024, sold by the developer: AED 2,379 per sqft for 747 sqft. It is the only registered sale of the unit.
How big is unit 406?
747 sqft (69.4 sqm): a one-bedroom apartment on the 4th floor of a 21-storey tower.
What is unit 406 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Palace Residences 1 sold for AED 1,766,888 to 1,805,888 in the last 12 months, around AED 2,383 per sqft.
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Mortgage on 406, Palace Residences 1
Starts from the last sale price (AED 1.78M, 25 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,777,888
- Deposit, UAE resident (20%)
- AED 355,578
- Deposit, non-resident (40%)
- AED 711,155
- Monthly over 25 years at 3.7%
- AED 7,274
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →