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3-bed · 1,542 sqftPalace Residences 1, Dubai Hills Estate · 5th floor

503, 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.

Unit 503 · DLD and Ejari recordsUpdated 24 July 2024
Last soldAED 3.9M24 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, Palace Residences 1

What is 503 worth today?

Last sold for AED 3,897,492 in 2024

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24 Jul 2024Sold by developerOff-plan
AED 3,897,492AED 2,526 per sqft

Source: Dubai Land Department. Updated 24 July 2024.

Key facts

Type
3-bed apartment
Size
1,542 sqft
Floor
5th of 21
Parking
2
Developer
Dubai Hills Estate
Last sold
AED 3.9M · July 2024
Building
Palace Residences 1

About 503, Palace Residences 1

503 is a three-bedroom apartment of 1,542 sqft on the 5th floor of Palace Residences 1, a 21-storey tower in Dubai Hills Estate by Dubai Hills Estate. The developer sold it on 24 July 2024 for AED 3,897,492, or AED 2,526 per sqft, in line with the AED 2,484 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

3-beds in Palace Residences 1, and where 503 sits

All 41 3-beds →

503 last sold in July 2024 at AED 2,526 per sqft, in line with what three-beds in Palace Residences 1 were fetching at the time (AED 2,484).

Recent 3-bed salesUnit no.Price (AED)Summary
28 Aug 20253,800,000
18 Oct 20244,401,888
18 Jul 20244,098,888
17 Jul 20243,665,888
0 3-bed sales in the last 12 months

Palace Residences 1

Building

284 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
Palace Residences 1, Dubai Hills Estate: prices, sales and rents →

Other units on the 5th floor

All 284 units in Palace Residences 1
Value
5012-bedAED 2.69M · Jul 2024
5022-bedAED 2.73M · Jul 2024
5042-bedAED 2.76M · Jul 2024
5051-bedAED 1.79M · Jul 2024
5061-bedAED 1.78M · Jul 2024
5071-bedAED 1.79M · Jul 2024
5082-bedAED 2.62M · Jul 2024
1–7 of 15

503, Palace Residences 1 in numbers

  • Sold once: by Dubai Hills Estate on 24 July 2024 for AED 3,897,492, or AED 2,526 per sqft.

Source: Dubai Land Department. Updated 24 July 2024.

Questions about 503, Palace Residences 1

What did unit 503 last sell for?

AED 3,897,492 on 24 July 2024, sold by the developer: AED 2,526 per sqft for 1,542 sqft. It is the only registered sale of the unit.

How big is unit 503?

1,542 sqft (143.3 sqm): a three-bedroom apartment on the 5th floor of a 21-storey tower.

What is unit 503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 503, Palace Residences 1

Starts from the last sale price (AED 3.9M, 24 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,897,492
Deposit, UAE resident (20%)
AED 779,498
Deposit, non-resident (40%)
AED 1,558,997
Monthly over 25 years at 3.7%
AED 15,946

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