116, Palace Residences 2
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 116, Palace Residences 2
What is 116 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 15 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 911 sqft
- Floor
- 1st of 22
- Parking
- 1
- Developer
- Dubai Hills Estate
- Last sold
- AED 1.94M · July 2024
- Building
- Palace Residences 2
About 116, Palace Residences 2
116 is a one-bedroom apartment of 911 sqft on the 1st floor of Palace Residences 2, a 22-storey tower in Dubai Hills Estate by Dubai Hills Estate. The developer sold it on 15 July 2024 for AED 1,944,888, or AED 2,133 per sqft, 12% below the AED 2,414 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 116 over time
116 has sold once; the dashed line is the one-bed median of each year in the building.
1-beds in Palace Residences 2, and where 116 sits
All 128 1-beds →116 last sold in July 2024 at AED 2,133 per sqft, 12% below what one-beds in Palace Residences 2 were fetching at the time (AED 2,414). Over the last 12 months one-beds sold for AED 1,800,000 to 2,050,000, around AED 2,493 per sqft.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Oct 202619 October 2026 | 752 sqft | 1,910,888 | 2,542 | ||
| 17 Jun 202617 June 2026 | 747 sqft | 2,050,000 | 2,742 | ||
| 11 Feb 202611 February 2026 | 747 sqft | 1,800,000 | 2,408 | ||
| 8 Jan 20268 January 2026 | 751 sqft | 1,836,000 | 2,443 |
Palace Residences 2
Building307 apartments, 1-bed to 3-bed over 22 floors in Dubai Hills Estate by Dubai Hills Estate. 13 sold in the last 12 months.
- Typical price per sqft
- AED 2,480
- Typical sale
- AED 2.76M
- Typical rent
- Few contracts
- Typical yield
Other units on the 1st floor
All 307 units in Palace Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 2-bed | 1,360 sqft | AED 2.75MAED 2,747,888 · Nov 2024November 2024 | ||
| 102 | 2-bed | 1,365 sqft | AED 2.76MAED 2,762,888 · Jul 2024July 2024 | ||
| 103 | 3-bed | 1,953 sqft | AED 4.08MAED 4,082,888 · Jul 2024July 2024 | ||
| 104 | 2-bed | 1,515 sqft | AED 3.02MAED 3,024,888 · Jul 2024July 2024 | ||
| 105 | 1-bed | 915 sqft | AED 1.95MAED 1,954,888 · Jul 2024July 2024 | ||
| 106 | 1-bed | 911 sqft | AED 1.92MAED 1,924,888 · Jul 2024July 2024 | ||
| 107 | 1-bed | 915 sqft | AED 1.86MAED 1,858,888 · Jul 2024July 2024 | ||
| 108 | 2-bed | 1,249 sqft | AED 2.61MAED 2,613,888 · Jul 2024July 2024 | ||
| 109 | 1-bed | 754 sqft | AED 1.78MAED 1,783,888 · Jul 2024July 2024 | ||
| 110 | 1-bed | 751 sqft | AED 1.78MAED 1,777,888 · Jul 2024July 2024 | ||
| 111 | 1-bed | 747 sqft | AED 1.77MAED 1,766,888 · Jul 2024July 2024 | ||
| 112 | 1-bed | 747 sqft | AED 1.77MAED 1,767,888 · Jul 2024July 2024 | ||
| 113 | 2-bed | 1,219 sqft | AED 2.61MAED 2,606,888 · Jul 2024July 2024 | ||
| 114 | 3-bed | 1,959 sqft | AED 3.74MAED 3,739,888 · Jul 2024July 2024 | ||
| 115 | 2-bed | 1,372 sqft | AED 2.78MAED 2,779,888 · Jul 2024July 2024 |
116, Palace Residences 2 in numbers
- Sold once: by Dubai Hills Estate on 15 July 2024 for AED 1,944,888, or AED 2,133 per sqft.
- One-beds in Palace Residences 2 sold for AED 1,800,000–2,050,000 in the 12 months to November 2026; the building's median across all types is AED 2,480 per sqft.
Source: Dubai Land Department. Updated 15 July 2024.
Questions about 116, Palace Residences 2
What did unit 116 last sell for?
AED 1,944,888 on 15 July 2024, sold by the developer: AED 2,133 per sqft for 911 sqft. It is the only registered sale of the unit.
How big is unit 116?
911 sqft (84.6 sqm): a one-bedroom apartment on the 1st floor of a 22-storey tower.
What is unit 116 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 2 sold for AED 1,800,000 to 2,050,000 in the last 12 months, around AED 2,493 per sqft.
Selling 116? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 116, Palace Residences 2
Starts from the last sale price (AED 1.94M, 15 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,944,888
- Deposit, UAE resident (20%)
- AED 388,978
- Deposit, non-resident (40%)
- AED 777,955
- Monthly over 25 years at 3.7%
- AED 7,957
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →