406, Palma Residence
Sold prices and rental history: sold once, by the developer in July 2025, and rented once, from December 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Palma Residence
What is 406 worth today?
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Source: Dubai Land Department. Updated 1 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 422 sqft
- Floor
- 4th of 4
- Parking
- G-28
- Developer
- The Palm - Jumeirah Co
- Completed
- 2015
- Last sold
- AED 390K · July 2025
- Building
- Palma Residence
About 406, Palma Residence
406 is a studio of 422 sqft on the 4th floor of Palma Residence, a 4-storey tower in Dubai South Residential District completed in 2015 by The Palm - Jumeirah Co. The developer sold it on 11 July 2025 for AED 390,041, or AED 923 per sqft, in line with the AED 900 studios in the building were fetching at the time.
One Ejari contract is registered, from 1 December 2025. The current contract, renewed on 1 December 2025, is AED 38,000 a year: a gross yield of 9.7% on the 2025 price.
Sales and rents for 406 over time
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Palma Residence, and where 406 sits
All 10 studios →406 last sold in July 2025 at AED 923 per sqft, in line with what studios in Palma Residence were fetching at the time (AED 900). 406's AED 38,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Sep 202520 September 2025 | 480 sqft | 432,257 | 900 | ||
| 21 Aug 202521 August 2025 | 412 sqft | 370,741 | 900 | ||
| 9 Jul 20259 July 2025 | 365 sqft | 328,310 | 900 | ||
| 9 Jul 20259 July 2025 | 365 sqft | 328,310 | 900 |
Palma Residence
Building13 apartments, studios to 2-bed over 4 floors in Dubai South Residential District, completed in 2015 by The Palm - Jumeirah Co. 2 sold in the last 12 months.
- Typical price per sqft
- AED 905
- Typical sale
- AED 870K
- Typical rent
- AED 39K /yr
- Typical yield
- 9.7%
Other units on the 4th floor
All 13 units in Palma Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 407 | Studio | 365 sqft | AED 328KAED 328,310 · Jul 2025July 2025 | 35,000 /yr |
406, Palma Residence in numbers
- Sold once: by The Palm - Jumeirah Co on 11 July 2025 for AED 390,041, or AED 923 per sqft.
- Rented since December 2025 on one Ejari contract, at AED 38,000 a year.
- At AED 38,000 a year the gross yield on the 2025 price is 9.7%.
Source: Dubai Land Department. Updated 1 December 2025.
Questions about 406, Palma Residence
What did unit 406 last sell for?
AED 390,041 on 11 July 2025, sold by the developer: AED 923 per sqft for 422 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 38,000 a year on the contract renewed on 1 December 2025.
How big is unit 406?
422 sqft (39.2 sqm): a studio on the 4th floor of a 4-storey tower completed in 2015.
What is unit 406 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 406, Palma Residence
Starts from the last sale price (AED 390K, 11 July 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 390,041
- Deposit, UAE resident (20%)
- AED 78,008
- Deposit, non-resident (40%)
- AED 156,016
- Monthly over 25 years at 3.7%
- AED 1,596
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →