P01, 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 P01, Palace Residences 1
What is P01 worth today?
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Source: Dubai Land Department. Updated 17 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,219 sqft
- Parking
- 1
- Developer
- Dubai Hills Estate
- Last sold
- AED 2.73M · July 2024
- Building
- Palace Residences 1
About P01, Palace Residences 1
P01 is a two-bedroom apartment of 1,219 sqft 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 2,729,888, or AED 2,239 per sqft, 3% 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 P01 over time
P01 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 P01 sits
All 132 2-beds →P01 last sold in July 2024 at AED 2,239 per sqft, 3% 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
P01, Palace Residences 1 in numbers
- Sold once: by Dubai Hills Estate on 17 July 2024 for AED 2,729,888, or AED 2,239 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 P01, Palace Residences 1
What did unit P01 last sell for?
AED 2,729,888 on 17 July 2024, sold by the developer: AED 2,239 per sqft for 1,219 sqft. It is the only registered sale of the unit.
How big is unit P01?
1,219 sqft (113.2 sqm): a two-bedroom apartment of a 21-storey tower.
What is unit P01 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 P01, Palace Residences 1
Starts from the last sale price (AED 2.73M, 17 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,729,888
- Deposit, UAE resident (20%)
- AED 545,978
- Deposit, non-resident (40%)
- AED 1,091,955
- Monthly over 25 years at 3.7%
- AED 11,169
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →