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3-bed · 1,545 sqftPalace Residences 2, Dubai Hills Estate · 16th floor

1603, 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.

Unit 1603 · DLD and Ejari recordsUpdated 8 July 2024
Last soldAED 4.15M8 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1603, Palace Residences 2

What is 1603 worth today?

Last sold for AED 4,153,888 in 2024

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8 Jul 2024Sold by developerOff-plan
AED 4,153,888AED 2,688 per sqft

Source: Dubai Land Department. Updated 8 July 2024.

Key facts

Type
3-bed apartment
Size
1,545 sqft
Floor
16th of 22
Parking
2
Developer
Dubai Hills Estate
Last sold
AED 4.15M · July 2024
Building
Palace Residences 2

About 1603, Palace Residences 2

1603 is a three-bedroom apartment of 1,545 sqft on the 16th floor of Palace Residences 2, a 22-storey tower in Dubai Hills Estate by Dubai Hills Estate. The developer sold it on 8 July 2024 for AED 4,153,888, or AED 2,688 per sqft.

No rental contract for the unit is registered on Ejari.

3-beds in Palace Residences 2, and where 1603 sits

All 44 3-beds →

Over the last 12 months three-beds sold for AED 3,801,888, around AED 2,462 per sqft.

Recent 3-bed salesUnit no.Price (AED)Summary
24 Aug 20263,801,888
18 Sep 20244,320,888
22 Aug 20243,716,888
22 Aug 20244,177,888
1 3-bed sale in the last 12 months

Palace Residences 2

Building

307 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
Palace Residences 2, Dubai Hills Estate: prices, sales and rents →

Other units on the 16th floor

All 307 units in Palace Residences 2
Value
16012-bedAED 2.77M · Jul 2024
16022-bedAED 2.81M · Jul 2024
16042-bedAED 3.09M · Jul 2024
16051-bedAED 1.9M · Jul 2024
16061-bedAED 1.87M · Jul 2024
16071-bedAED 1.81M · Jul 2024
16082-bedAED 2.67M · Jul 2024
1–7 of 15

1603, Palace Residences 2 in numbers

  • Sold once: by Dubai Hills Estate on 8 July 2024 for AED 4,153,888, or AED 2,688 per sqft.
  • Three-beds in Palace Residences 2 sold for AED 3,801,888–3,801,888 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 July 2024.

Questions about 1603, Palace Residences 2

What did unit 1603 last sell for?

AED 4,153,888 on 8 July 2024, sold by the developer: AED 2,688 per sqft for 1,545 sqft. It is the only registered sale of the unit.

How big is unit 1603?

1,545 sqft (143.5 sqm): a three-bedroom apartment on the 16th floor of a 22-storey tower.

What is unit 1603 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Palace Residences 2 sold for AED 3,801,888 to 3,801,888 in the last 12 months, around AED 2,462 per sqft.

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Mortgage on 1603, Palace Residences 2

Starts from the last sale price (AED 4.15M, 8 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,153,888
Deposit, UAE resident (20%)
AED 830,778
Deposit, non-resident (40%)
AED 1,661,555
Monthly over 25 years at 3.7%
AED 16,995

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