511, 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 511, Palace Residences 2
What is 511 worth today?
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Source: Dubai Land Department. Updated 10 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 751 sqft
- Floor
- 5th of 22
- Parking
- 1
- Developer
- Dubai Hills Estate
- Last sold
- AED 1.79M · July 2024
- Building
- Palace Residences 2
About 511, Palace Residences 2
511 is a one-bedroom apartment of 751 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 10 July 2024 for AED 1,791,888, or AED 2,384 per sqft, in line with the AED 2,409 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 511 over time
511 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 511 sits
All 128 1-beds →511 last sold in July 2024 at AED 2,384 per sqft, in line with what one-beds in Palace Residences 2 were fetching at the time (AED 2,409). 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 | ||
| 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 | ||
| 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 |
511, Palace Residences 2 in numbers
- Sold once: by Dubai Hills Estate on 10 July 2024 for AED 1,791,888, or AED 2,384 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 10 July 2024.
Questions about 511, Palace Residences 2
What did unit 511 last sell for?
AED 1,791,888 on 10 July 2024, sold by the developer: AED 2,384 per sqft for 751 sqft. It is the only registered sale of the unit.
How big is unit 511?
751 sqft (69.8 sqm): a one-bedroom apartment on the 5th floor of a 22-storey tower.
What is unit 511 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 511? Put it on the OpenOffers board
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Mortgage on 511, Palace Residences 2
Starts from the last sale price (AED 1.79M, 10 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,791,888
- Deposit, UAE resident (20%)
- AED 358,378
- Deposit, non-resident (40%)
- AED 716,755
- Monthly over 25 years at 3.7%
- AED 7,331
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →