506, 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 506, Palace Residences 2
What is 506 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 12 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 747 sqft
- Floor
- 5th of 22
- Parking
- 1
- Developer
- Dubai Hills Estate
- Last sold
- AED 1.85M · August 2024
- Building
- Palace Residences 2
About 506, Palace Residences 2
506 is a one-bedroom apartment of 747 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 12 August 2024 for AED 1,851,888, or AED 2,478 per sqft, in line with the AED 2,412 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 506 over time
506 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 506 sits
All 128 1-beds →506 last sold in August 2024 at AED 2,478 per sqft, in line with what one-beds in Palace Residences 2 were fetching at the time (AED 2,412). 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 | ||
| 505 | 1-bed | 752 sqft | AED 1.88MAED 1,881,888 · Jul 2024July 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 |
506, Palace Residences 2 in numbers
- Sold once: by Dubai Hills Estate on 12 August 2024 for AED 1,851,888, or AED 2,478 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 12 August 2024.
Questions about 506, Palace Residences 2
What did unit 506 last sell for?
AED 1,851,888 on 12 August 2024, sold by the developer: AED 2,478 per sqft for 747 sqft. It is the only registered sale of the unit.
How big is unit 506?
747 sqft (69.4 sqm): a one-bedroom apartment on the 5th floor of a 22-storey tower.
What is unit 506 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 506? 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 506, Palace Residences 2
Starts from the last sale price (AED 1.85M, 12 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,851,888
- Deposit, UAE resident (20%)
- AED 370,378
- Deposit, non-resident (40%)
- AED 740,755
- Monthly over 25 years at 3.7%
- AED 7,577
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →