1-bed · 993 sqftPalladium Tower, Jumeirah Lake Towers (JLT) · 14th floor · completed 2007

1406, Palladium Tower

Sold prices and rental history: sold 4 times, last in September 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1406 · DLD and Ejari recordsUpdated 25 September 2024
Last soldAED 1.19M25 September 2024
Current rentAED 77K /yr1 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1406, Palladium Tower

What is 1406 worth today?

Last sold for AED 1,185,000 in 2024

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25 Sep 2024SoldReady
AED 1,185,000AED 1,193 per sqft
30 Jul 2024SoldReady
AED 850,000AED 856 per sqft
1 Dec 2019RentedRenewal
AED 77,400/yr12 months · AED 78 per sqft
1 Dec 2018RentedNew contract
AED 77,400/yr12 months · AED 78 per sqft
1 Feb 2012SoldReady
AED 225,513AED 227 per sqft
6 May 2009Sold by developerOff-plan
AED 451,026AED 454 per sqft

Source: Dubai Land Department. Updated 25 September 2024.

Key facts

Type
1-bed apartment
Size
993 sqft
Floor
14th of 33
Parking
1
Developer
ETA Star Property Developers
Completed
2007
Service charge
AED 12,300 /yr
Last sold
AED 1.19M · September 2024

About 1406, Palladium Tower

1406 is a one-bedroom apartment of 993 sqft on the 14th floor of Palladium Tower, a 33-storey tower in Jumeirah Lake Towers (JLT) completed in 2007 by ETA Star Property Developers. It last sold on 25 September 2024 for AED 1,185,000, or AED 1,193 per sqft, 13% above the AED 1,057 one-beds in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, renewed on 1 December 2019, is AED 77,400 a year: a gross yield of 6.5% on the 2024 price, before the service charge of about AED 12,300 a year.

Sales and rents for 1406 over time

Sales
Unit 1406, each saleTypical one-bed in Palladium Tower
500K1M2009201420192024Typical sale price by year: 2009 AED 568,880; 2011 AED 522,607; 2012 AED 522,606; 2013 AED 604,882; 2015 AED 1,030,000; 2023 AED 920,000; 2024 AED 1,090,000Sold by developer, May 2009: AED 451,026 (AED 454 per sqft)Sold, February 2012: AED 225,513 (AED 227 per sqft)Sold, July 2024: AED 850,000 (AED 856 per sqft)Sold, September 2024: AED 1,185,000 (AED 1,193 per sqft)

1406 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1406, each contractTypical one-bed in Palladium Tower
60K80K2013201720212025Typical rent by year: 2013 AED 70,000; 2014 AED 81,900; 2015 AED 90,000; 2016 AED 90,000; 2017 AED 85,000; 2018 AED 75,000; 2019 AED 68,000; 2020 AED 60,000; 2021 AED 50,000; 2022 AED 60,000; 2023 AED 75,000; 2024 AED 85,000; 2025 AED 84,000; 2026 AED 81,000New contract, December 2018: AED 77,400 a yearRenewal, December 2019: AED 77,400 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Palladium Tower, and where 1406 sits

All 28 1-beds →

1406 last sold in September 2024 at AED 1,193 per sqft, 13% above what one-beds in Palladium Tower were fetching at the time (AED 1,057). Over the last 12 months one-beds sold for AED 1,164,319 to 1,315,000, around AED 1,248 per sqft, and rent for AED 72,600 to 102,000 a year. 1406's AED 77,400 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 May 20261,164,319
8 Apr 20261,315,000
27 Jan 20251,220,000
12 Dec 20241,150,000
2 1-bed sales in the last 12 months

Palladium Tower

Building

211 apartments, 1-bed to 3-bed over 33 floors in Jumeirah Lake Towers (JLT), completed in 2007 by ETA Star Property Developers. 13 sold in the last 12 months.

Typical price per sqft
AED 1,474 Up 4.2%
Typical sale
AED 1.72M
Typical rent
AED 114K /yr
Typical yield
6.3%
Palladium Tower, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 14th floor

All 211 units in Palladium Tower
Value
14011-bedAED 1.22M · Jan 2025
14022-bedAED 1.79M · Jan 2026
14032-bedAED 574K · Oct 2013
14042-bedAED 1.4M · Dec 2017
14052-bedAED 1.7M · Oct 2014
14072-bedAED 1.28M · Oct 2023
14082-bedAED 574K · Feb 2012
1–7 of 9

1406, Palladium Tower in numbers

  • Sold 4 times: first on 6 May 2009 for AED 451,026, last on 25 September 2024 for AED 1,185,000 (AED 1,193 per sqft).
  • Rented since December 2018 on 2 Ejari contracts, at AED 77,400 a year.
  • At AED 77,400 a year the gross yield on the 2024 price is 6.5%, before a service charge of about AED 12,300 a year (AED 12.39 per sqft).
  • One-beds in Palladium Tower sold for AED 1,164,319–1,315,000 in the 12 months to November 2026; the building's median across all types is AED 1,474 per sqft.

Source: Dubai Land Department. Updated 25 September 2024.

Questions about 1406, Palladium Tower

What did unit 1406 last sell for?

AED 1,185,000 on 25 September 2024: AED 1,193 per sqft for 993 sqft. The unit has 4 registered sales; the first was AED 451,026 in May 2009.

What is the rent for unit 1406?

AED 77,400 a year on the contract renewed on 1 December 2019. The previous contract, from December 2018, was AED 77,400.

How big is unit 1406?

993 sqft (92.3 sqm): a one-bedroom apartment on the 14th floor of a 33-storey tower completed in 2007.

What is unit 1406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Palladium Tower sold for AED 1,164,319 to 1,315,000 in the last 12 months, around AED 1,248 per sqft.

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Mortgage on 1406, Palladium Tower

Starts from the last sale price (AED 1.19M, 25 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,185,000
Deposit, UAE resident (20%)
AED 237,000
Deposit, non-resident (40%)
AED 474,000
Monthly over 25 years at 3.7%
AED 4,848

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →