2-bed · 1,218 sqftPalace Residences 2, Dubai Hills Estate · 16th floor

1613, 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 1613 · DLD and Ejari recordsUpdated 8 July 2024
Last soldAED 2.68M8 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1613, Palace Residences 2

What is 1613 worth today?

Last sold for AED 2,679,888 in 2024

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8 Jul 2024Sold by developerOff-plan
AED 2,679,888AED 2,199 per sqft

Source: Dubai Land Department. Updated 8 July 2024.

Key facts

Type
2-bed apartment
Size
1,218 sqft
Floor
16th of 22
Parking
1
Developer
Dubai Hills Estate
Last sold
AED 2.68M · July 2024

About 1613, Palace Residences 2

1613 is a two-bedroom apartment of 1,218 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 2,679,888, or AED 2,199 per sqft, 11% below the AED 2,480 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1613 over time

Sales
Unit 1613, each saleTypical two-bed in Palace Residences 2
2.8M2024202520262027Typical sale price by year: 2024 AED 2,759,888; 2025 AED 2,651,444; 2026 AED 2,900,000Sold by developer, July 2024: AED 2,679,888 (AED 2,199 per sqft)

1613 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 1613 sits

All 140 2-beds →

1613 last sold in July 2024 at AED 2,199 per sqft, 11% below what two-beds in Palace Residences 2 were fetching at the time (AED 2,480). 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 salesUnit no.Price (AED)Summary
2 Oct 20262,758,888
29 Sep 20262,738,888
24 Sep 20262,931,888
7 Apr 20262,900,000
8 2-bed sales 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
16033-bedAED 4.15M · 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
1–7 of 15

1613, Palace Residences 2 in numbers

  • Sold once: by Dubai Hills Estate on 8 July 2024 for AED 2,679,888, or AED 2,199 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 July 2024.

Questions about 1613, Palace Residences 2

What did unit 1613 last sell for?

AED 2,679,888 on 8 July 2024, sold by the developer: AED 2,199 per sqft for 1,218 sqft. It is the only registered sale of the unit.

How big is unit 1613?

1,218 sqft (113.2 sqm): a two-bedroom apartment on the 16th floor of a 22-storey tower.

What is unit 1613 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 1613, Palace Residences 2

Starts from the last sale price (AED 2.68M, 8 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,679,888
Deposit, UAE resident (20%)
AED 535,978
Deposit, non-resident (40%)
AED 1,071,955
Monthly over 25 years at 3.7%
AED 10,964

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