602, 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 602, Palace Residences 1
What is 602 worth today?
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Source: Dubai Land Department. Updated 15 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,119 sqft
- Floor
- 6th of 21
- Parking
- 1
- Developer
- Dubai Hills Estate
- Last sold
- AED 2.73M · July 2024
- Building
- Palace Residences 1
About 602, Palace Residences 1
602 is a two-bedroom apartment of 1,119 sqft on the 6th floor of Palace Residences 1, a 21-storey tower in Dubai Hills Estate by Dubai Hills Estate. The developer sold it on 15 July 2024 for AED 2,734,888, or AED 2,444 per sqft, 5% above the AED 2,319 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 602 over time
602 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 602 sits
All 132 2-beds →602 last sold in July 2024 at AED 2,444 per sqft, 5% above what two-beds in Palace Residences 1 were fetching at the time (AED 2,319). 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 6th floor
All 284 units in Palace Residences 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 2-bed | 1,115 sqft | AED 2.7MAED 2,697,888 · Jul 2024July 2024 | ||
| 603 | 3-bed | 1,542 sqft | AED 4.4MAED 4,401,888 · Oct 2024October 2024 | ||
| 604 | 2-bed | 1,220 sqft | AED 2.76MAED 2,763,888 · Jul 2024July 2024 | ||
| 605 | 1-bed | 752 sqft | AED 1.8MAED 1,795,888 · Jul 2024July 2024 | ||
| 606 | 1-bed | 747 sqft | AED 1.78MAED 1,784,888 · Jul 2024July 2024 | ||
| 607 | 1-bed | 752 sqft | AED 1.79MAED 1,793,888 · Jul 2024July 2024 | ||
| 608 | 2-bed | 1,207 sqft | AED 2.62MAED 2,620,888 · Jul 2024July 2024 | ||
| 609 | 1-bed | 758 sqft | AED 1.81MAED 1,811,888 · Jul 2024July 2024 | ||
| 610 | 1-bed | 743 sqft | AED 1.77MAED 1,774,888 · Jul 2024July 2024 | ||
| 611 | 1-bed | 747 sqft | AED 1.78MAED 1,784,888 · Jul 2024July 2024 | ||
| 612 | 1-bed | 751 sqft | AED 1.79MAED 1,794,888 · Jul 2024July 2024 | ||
| 613 | 2-bed | 1,219 sqft | AED 2.63MAED 2,631,888 · Jul 2024July 2024 | ||
| 614 | 3-bed | 1,546 sqft | AED 3.64MAED 3,638,888 · Jul 2024July 2024 | ||
| 615 | 2-bed | 1,160 sqft | AED 2.75MAED 2,749,888 · Jul 2024July 2024 | ||
| 616 | 2-bed | 1,169 sqft | AED 2.76MAED 2,763,888 · Jul 2024July 2024 |
602, Palace Residences 1 in numbers
- Sold once: by Dubai Hills Estate on 15 July 2024 for AED 2,734,888, or AED 2,444 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 15 July 2024.
Questions about 602, Palace Residences 1
What did unit 602 last sell for?
AED 2,734,888 on 15 July 2024, sold by the developer: AED 2,444 per sqft for 1,119 sqft. It is the only registered sale of the unit.
How big is unit 602?
1,119 sqft (104.0 sqm): a two-bedroom apartment on the 6th floor of a 21-storey tower.
What is unit 602 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.
Selling 602? Put it on the OpenOffers board
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Mortgage on 602, Palace Residences 1
Starts from the last sale price (AED 2.73M, 15 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,734,888
- Deposit, UAE resident (20%)
- AED 546,978
- Deposit, non-resident (40%)
- AED 1,093,955
- Monthly over 25 years at 3.7%
- AED 11,189
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →