1516, Palace Residences 2
Sold prices and rental history: sold once, by the developer in August 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 1516, Palace Residences 2
What is 1516 worth today?
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Source: Dubai Land Department. Updated 8 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,169 sqft
- Floor
- 15th of 22
- Parking
- 1
- Developer
- Dubai Hills Estate
- Last sold
- AED 2.94M · August 2024
- Building
- Palace Residences 2
About 1516, Palace Residences 2
1516 is a two-bedroom apartment of 1,169 sqft on the 15th floor of Palace Residences 2, a 22-storey tower in Dubai Hills Estate by Dubai Hills Estate. The developer sold it on 8 August 2024 for AED 2,943,888, or AED 2,517 per sqft, in line with the AED 2,452 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1516 over time
1516 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in Palace Residences 2, and where 1516 sits
All 140 2-beds →1516 last sold in August 2024 at AED 2,517 per sqft, in line with what two-beds in Palace Residences 2 were fetching at the time (AED 2,452). Over the last 12 months two-beds sold for AED 2,602,888 to 2,931,888, around AED 2,493 per sqft.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Oct 20262 October 2026 | 1,116 sqft | 2,758,888 | 2,471 | ||
| 29 Sep 202629 September 2026 | 1,112 sqft | 2,738,888 | 2,462 | ||
| 24 Sep 202624 September 2026 | 1,169 sqft | 2,931,888 | 2,507 | ||
| 7 Apr 20267 April 2026 | 1,116 sqft | 2,900,000 | 2,598 |
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 15th floor
All 307 units in Palace Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,112 sqft | AED 2.77MAED 2,769,888 · Jul 2024July 2024 | ||
| 1502 | 2-bed | 1,116 sqft | AED 2.81MAED 2,806,888 · Sep 2024September 2024 | ||
| 1503 | 3-bed | 1,545 sqft | AED 4.15MAED 4,145,888 · Jul 2024July 2024 | ||
| 1504 | 2-bed | 1,222 sqft | AED 3.08MAED 3,084,888 · Jul 2024July 2024 | ||
| 1505 | 1-bed | 752 sqft | AED 1.9MAED 1,899,699 · Jul 2024July 2024 | ||
| 1506 | 1-bed | 747 sqft | AED 1.87MAED 1,869,009 · Jul 2024July 2024 | ||
| 1507 | 1-bed | 752 sqft | AED 1.81MAED 1,805,649 · Jul 2024July 2024 | ||
| 1508 | 2-bed | 1,207 sqft | AED 2.67MAED 2,666,888 · Jul 2024July 2024 | ||
| 1509 | 1-bed | 758 sqft | AED 1.84MAED 1,843,888 · Jul 2024July 2024 | ||
| 1510 | 1-bed | 743 sqft | AED 1.8MAED 1,804,888 · Jul 2024July 2024 | ||
| 1511 | 1-bed | 751 sqft | AED 1.83MAED 1,826,888 · Jul 2024July 2024 | ||
| 1512 | 1-bed | 747 sqft | AED 1.82MAED 1,815,888 · Jul 2024July 2024 | ||
| 1513 | 2-bed | 1,218 sqft | AED 2.67MAED 2,674,888 · Jul 2024July 2024 | ||
| 1514 | 3-bed | 1,544 sqft | AED 3.87MAED 3,866,888 · Jul 2024July 2024 | ||
| 1515 | 2-bed | 1,160 sqft | AED 2.93MAED 2,927,888 · Jul 2024July 2024 |
1516, Palace Residences 2 in numbers
- Sold once: by Dubai Hills Estate on 8 August 2024 for AED 2,943,888, or AED 2,517 per sqft.
- Two-beds in Palace Residences 2 sold for AED 2,602,888–2,931,888 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 8 August 2024.
Questions about 1516, Palace Residences 2
What did unit 1516 last sell for?
AED 2,943,888 on 8 August 2024, sold by the developer: AED 2,517 per sqft for 1,169 sqft. It is the only registered sale of the unit.
How big is unit 1516?
1,169 sqft (108.6 sqm): a two-bedroom apartment on the 15th floor of a 22-storey tower.
What is unit 1516 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 2 sold for AED 2,602,888 to 2,931,888 in the last 12 months, around AED 2,493 per sqft.
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Mortgage on 1516, Palace Residences 2
Starts from the last sale price (AED 2.94M, 8 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,943,888
- Deposit, UAE resident (20%)
- AED 588,778
- Deposit, non-resident (40%)
- AED 1,177,555
- Monthly over 25 years at 3.7%
- AED 12,044
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →