407, Palma Residence
Sold prices and rental history: sold once, by the developer in July 2025, and rented once, from May 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Palma Residence
What is 407 worth today?
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Source: Dubai Land Department. Updated 9 July 2025.
Key facts
- Type
- Studio apartment
- Size
- 365 sqft
- Floor
- 4th of 4
- Parking
- G-15
- Developer
- The Palm - Jumeirah Co
- Completed
- 2015
- Last sold
- AED 328K · July 2025
- Building
- Palma Residence
About 407, Palma Residence
407 is a studio of 365 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 9 July 2025 for AED 328,310, or AED 900 per sqft, in line with the AED 900 studios in the building were fetching at the time.
One Ejari contract is registered, from 19 May 2025. The current contract, signed on 19 May 2025, is AED 35,000 a year: a gross yield of 10.7% on the 2025 price.
Sales and rents for 407 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 407 sits
All 10 studios →407 last sold in July 2025 at AED 900 per sqft, in line with what studios in Palma Residence were fetching at the time (AED 900). 407's AED 35,000 is at the bottom 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 | ||
| 11 Jul 202511 July 2025 | 422 sqft | 390,041 | 923 | ||
| 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 | |||||
|---|---|---|---|---|---|
| 406 | Studio | 422 sqft | AED 390KAED 390,041 · Jul 2025July 2025 | 38,000 /yr |
407, Palma Residence in numbers
- Sold once: by The Palm - Jumeirah Co on 9 July 2025 for AED 328,310, or AED 900 per sqft.
- Rented since May 2025 on one Ejari contract, at AED 35,000 a year.
- At AED 35,000 a year the gross yield on the 2025 price is 10.7%.
Source: Dubai Land Department. Updated 9 July 2025.
Questions about 407, Palma Residence
What did unit 407 last sell for?
AED 328,310 on 9 July 2025, sold by the developer: AED 900 per sqft for 365 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 35,000 a year on the contract signed on 19 May 2025.
How big is unit 407?
365 sqft (33.9 sqm): a studio on the 4th floor of a 4-storey tower completed in 2015.
What is unit 407 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 407, Palma Residence
Starts from the last sale price (AED 328K, 9 July 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 328,310
- Deposit, UAE resident (20%)
- AED 65,662
- Deposit, non-resident (40%)
- AED 131,324
- Monthly over 25 years at 3.7%
- AED 1,343
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →