516, Palace Residences 3
Sold prices and rental history: sold once, by the developer in September 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 516, Palace Residences 3
What is 516 worth today?
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Source: Dubai Land Department. Updated 5 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,109 sqft
- Floor
- 5th of 23
- Parking
- 1
- Developer
- Dubai Hills Estate
- Last sold
- AED 2.81M · September 2024
- Building
- Palace Residences 3
About 516, Palace Residences 3
516 is a two-bedroom apartment of 1,109 sqft on the 5th floor of Palace Residences 3, a 23-storey tower in Dubai Hills Estate by Dubai Hills Estate. The developer sold it on 5 September 2024 for AED 2,808,888, or AED 2,532 per sqft, 7% above the AED 2,364 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 516 over time
516 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in Palace Residences 3, and where 516 sits
All 123 2-beds →516 last sold in September 2024 at AED 2,532 per sqft, 7% above what two-beds in Palace Residences 3 were fetching at the time (AED 2,364). Over the last 12 months two-beds sold for AED 2,666,888 to 2,925,404, around AED 2,310 per sqft.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Aug 20266 August 2026 | 1,208 sqft | 2,666,888 | 2,207 | ||
| 17 Feb 202617 February 2026 | 1,214 sqft | 2,759,260 | 2,272 | ||
| 14 Nov 202514 November 2025 | 1,106 sqft | 2,925,404 | 2,645 | ||
| 10 Nov 202510 November 2025 | 1,170 sqft | 2,749,000 | 2,348 |
Palace Residences 3
Building337 apartments, 1-bed to 3-bed over 23 floors in Dubai Hills Estate by Dubai Hills Estate. 10 sold in the last 12 months.
- Typical price per sqft
- AED 2,516 Up 6.7%
- Typical sale
- AED 2.37M
- Typical rent
- Few contracts
- Typical yield
Other units on the 5th floor
All 337 units in Palace Residences 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,170 sqft | AED 2.74MAED 2,737,888 · Jul 2024July 2024 | ||
| 502 | 2-bed | 1,160 sqft | AED 2.75MAED 2,747,888 · Jul 2024July 2024 | ||
| 503 | 3-bed | 1,543 sqft | AED 4.07MAED 4,067,888 · Nov 2025November 2025 | ||
| 504 | 2-bed | 1,215 sqft | AED 3.14MAED 3,140,888 · Jul 2024July 2024 | ||
| 505 | 1-bed | 747 sqft | AED 1.89MAED 1,888,888 · Jul 2024July 2024 | ||
| 506 | 1-bed | 747 sqft | AED 1.84MAED 1,835,888 · Jul 2024July 2024 | ||
| 507 | 1-bed | 744 sqft | AED 1.77MAED 1,774,888 · Jul 2024July 2024 | ||
| 508 | 1-bed | 744 sqft | AED 1.77MAED 1,774,888 · Jul 2024July 2024 | ||
| 509 | 2-bed | 1,208 sqft | AED 2.6MAED 2,598,639 · Jul 2024July 2024 | ||
| 510 | 1-bed | 743 sqft | AED 1.77MAED 1,771,888 · Aug 2024August 2024 | ||
| 511 | 1-bed | 743 sqft | AED 1.74MAED 1,736,450 · Jul 2024July 2024 | ||
| 512 | 1-bed | 747 sqft | AED 1.78MAED 1,782,888 · Jul 2024July 2024 | ||
| 513 | 2-bed | 1,214 sqft | AED 2.62MAED 2,619,888 · Jul 2024July 2024 | ||
| 514 | 1-bed | 800 sqft | AED 2.06MAED 2,056,888 · Jul 2024July 2024 | ||
| 515 | 2-bed | 1,106 sqft | AED 2.8MAED 2,801,888 · Jul 2024July 2024 | ||
| 517 | 1-bed | 750 sqft | AED 2MAED 2,002,888 · Jul 2024July 2024 |
516, Palace Residences 3 in numbers
- Sold once: by Dubai Hills Estate on 5 September 2024 for AED 2,808,888, or AED 2,532 per sqft.
- Two-beds in Palace Residences 3 sold for AED 2,666,888–2,925,404 in the 12 months to November 2026; the building's median across all types is AED 2,516 per sqft.
Source: Dubai Land Department. Updated 5 September 2024.
Questions about 516, Palace Residences 3
What did unit 516 last sell for?
AED 2,808,888 on 5 September 2024, sold by the developer: AED 2,532 per sqft for 1,109 sqft. It is the only registered sale of the unit.
How big is unit 516?
1,109 sqft (103.0 sqm): a two-bedroom apartment on the 5th floor of a 23-storey tower.
What is unit 516 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 3 sold for AED 2,666,888 to 2,925,404 in the last 12 months, around AED 2,310 per sqft.
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Mortgage on 516, Palace Residences 3
Starts from the last sale price (AED 2.81M, 5 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,808,888
- Deposit, UAE resident (20%)
- AED 561,778
- Deposit, non-resident (40%)
- AED 1,123,555
- Monthly over 25 years at 3.7%
- AED 11,492
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →