505, 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 505, Palace Residences 2
What is 505 worth today?
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Source: Dubai Land Department. Updated 15 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 752 sqft
- Floor
- 5th of 22
- Parking
- 1
- Developer
- Dubai Hills Estate
- Last sold
- AED 1.88M · July 2024
- Building
- Palace Residences 2
About 505, Palace Residences 2
505 is a one-bedroom apartment of 752 sqft on the 5th 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 1,881,888, or AED 2,503 per sqft, 4% above 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 505 over time
505 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 505 sits
All 128 1-beds →505 last sold in July 2024 at AED 2,503 per sqft, 4% above 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 5th floor
All 307 units in Palace Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,112 sqft | AED 2.66MAED 2,663,530 · Jul 2024July 2024 | ||
| 502 | 2-bed | 1,116 sqft | AED 2.75MAED 2,752,888 · Jul 2024July 2024 | ||
| 503 | 3-bed | 1,545 sqft | AED 4.07MAED 4,066,888 · Jul 2024July 2024 | ||
| 504 | 2-bed | 1,222 sqft | AED 3.03MAED 3,026,888 · Jul 2024July 2024 | ||
| 506 | 1-bed | 747 sqft | AED 1.85MAED 1,851,888 · Aug 2024August 2024 | ||
| 507 | 1-bed | 752 sqft | AED 1.79MAED 1,789,888 · Jul 2024July 2024 | ||
| 508 | 2-bed | 1,207 sqft | AED 2.62MAED 2,615,888 · Jul 2024July 2024 | ||
| 509 | 1-bed | 758 sqft | AED 1.81MAED 1,808,888 · Jul 2024July 2024 | ||
| 510 | 1-bed | 743 sqft | AED 1.77MAED 1,770,888 · Jul 2024July 2024 | ||
| 511 | 1-bed | 751 sqft | AED 1.79MAED 1,791,888 · Jul 2024July 2024 | ||
| 512 | 1-bed | 747 sqft | AED 1.78MAED 1,781,888 · Jul 2024July 2024 | ||
| 513 | 2-bed | 1,218 sqft | AED 2.62MAED 2,624,888 · Jul 2024July 2024 | ||
| 514 | 3-bed | 1,544 sqft | AED 3.79MAED 3,793,888 · Jul 2024July 2024 | ||
| 515 | 2-bed | 1,160 sqft | AED 2.82MAED 2,815,430 · Jul 2024July 2024 | ||
| 516 | 2-bed | 1,169 sqft | AED 2.83MAED 2,830,130 · Jul 2024July 2024 |
505, Palace Residences 2 in numbers
- Sold once: by Dubai Hills Estate on 15 July 2024 for AED 1,881,888, or AED 2,503 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 505, Palace Residences 2
What did unit 505 last sell for?
AED 1,881,888 on 15 July 2024, sold by the developer: AED 2,503 per sqft for 752 sqft. It is the only registered sale of the unit.
How big is unit 505?
752 sqft (69.9 sqm): a one-bedroom apartment on the 5th floor of a 22-storey tower.
What is unit 505 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 505? Put it on the OpenOffers board
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Mortgage on 505, Palace Residences 2
Starts from the last sale price (AED 1.88M, 15 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,881,888
- Deposit, UAE resident (20%)
- AED 376,378
- Deposit, non-resident (40%)
- AED 752,755
- Monthly over 25 years at 3.7%
- AED 7,699
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →