2-bed · 1,187 sqftPalladium Tower, Jumeirah Lake Towers (JLT) · 14th floor · completed 2007

1407, Palladium Tower

Sold prices and rental history: sold twice, last in October 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1407 · DLD and Ejari recordsUpdated 23 October 2023
Last soldAED 1.28M23 October 2023
Current rentAED 95K /yr11 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1407, Palladium Tower

What is 1407 worth today?

Last sold for AED 1,275,000 in 2023

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23 Oct 2023SoldReady
AED 1,275,000AED 1,074 per sqft
11 Apr 2023RentedNew contract
AED 95,000/yr12 months · AED 80 per sqft
1 Mar 2022RentedRenewal
AED 68,000/yr12 months · AED 57 per sqft
12 Feb 2021RentedRenewal
AED 64,000/yr13 months · AED 54 per sqft
12 Feb 2020RentedNew contract
AED 78,000/yr12 months · AED 66 per sqft
24 Jun 2019RentedRenewal
AED 95,000/yr9 months · AED 80 per sqft
24 Jun 2018RentedRenewal
AED 105,000/yr12 months · AED 89 per sqft
24 Jun 2017RentedNew contract
AED 116,000/yr12 months · AED 98 per sqft

Source: Dubai Land Department. Updated 23 October 2023.

Key facts

Type
2-bed apartment
Size
1,187 sqft
Floor
14th of 33
Parking
1
Developer
ETA Star Property Developers
Completed
2007
Service charge
AED 14,700 /yr
Last sold
AED 1.28M · October 2023

About 1407, Palladium Tower

1407 is a two-bedroom apartment of 1,187 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 23 October 2023 for AED 1,275,000, or AED 1,074 per sqft, 3% above the AED 1,038 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 11 April 2023, is AED 95,000 a year: a gross yield of 7.4% on the 2023 price, before the service charge of about AED 14,700 a year.

Sales and rents for 1407 over time

Sales
Unit 1407, each saleTypical two-bed in Palladium Tower
1M2009201420192024Typical sale price by year: 2009 AED 620,230; 2010 AED 823,373; 2011 AED 598,757; 2012 AED 744,735; 2013 AED 727,188; 2014 AED 953,575; 2015 AED 1,420,000; 2016 AED 894,982; 2017 AED 1,385,000; 2018 AED 1,200,000; 2019 AED 932,500; 2020 AED 890,000; 2021 AED 945,000; 2022 AED 1,180,000; 2023 AED 1,230,000; 2024 AED 1,575,000; 2025 AED 1,700,000; 2026 AED 1,715,000Sold by developer, December 2013: AED 294,570 (AED 248 per sqft)Sold, October 2023: AED 1,275,000 (AED 1,074 per sqft)

1407 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1407, each contractTypical two-bed in Palladium Tower
75K100K125K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 90,000; 2014 AED 105,292; 2015 AED 115,500; 2016 AED 114,660; 2017 AED 106,630; 2018 AED 90,000; 2019 AED 82,000; 2020 AED 70,000; 2021 AED 68,000; 2022 AED 77,000; 2023 AED 90,000; 2024 AED 104,500; 2025 AED 112,000; 2026 AED 110,000New contract, June 2017: AED 116,000 a yearRenewal, June 2018: AED 105,000 a yearRenewal, June 2019: AED 95,000 a yearNew contract, February 2020: AED 78,000 a yearRenewal, February 2021: AED 64,000 a yearRenewal, March 2022: AED 68,000 a yearNew contract, April 2023: AED 95,000 a year

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

2-beds in Palladium Tower, and where 1407 sits

All 147 2-beds →

1407 last sold in October 2023 at AED 1,074 per sqft, 3% above what two-beds in Palladium Tower were fetching at the time (AED 1,038). Over the last 12 months two-beds sold for AED 1,331,272 to 1,975,000, around AED 1,492 per sqft, and rent for AED 25,000 to 130,000 a year. 1407's AED 95,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 May 20261,725,000
30 Mar 20261,710,000
17 Mar 20261,700,000
24 Feb 20261,700,000
10 2-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 113K /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
14061-bedAED 1.19M · Sep 2024
14082-bedAED 574K · Feb 2012
1–7 of 9

1407, Palladium Tower in numbers

  • Sold twice: first on 28 December 2013 for AED 294,570, last on 23 October 2023 for AED 1,275,000 (AED 1,074 per sqft).
  • Rented since June 2017 on 7 Ejari contracts. The rent fell from AED 116,000 to AED 64,000 in 2021 and recovered to AED 95,000 by April 2023.
  • At AED 95,000 a year the gross yield on the 2023 price is 7.4%, before a service charge of about AED 14,700 a year (AED 12.39 per sqft).
  • Two-beds in Palladium Tower sold for AED 1,331,272–1,975,000 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 23 October 2023.

Questions about 1407, Palladium Tower

What did unit 1407 last sell for?

AED 1,275,000 on 23 October 2023: AED 1,074 per sqft for 1,187 sqft. The unit has 2 registered sales; the first was AED 294,570 in December 2013.

What is the rent for unit 1407?

AED 95,000 a year on the contract signed on 11 April 2023. The previous contract, from March 2022, was AED 68,000; the unit has been rented since June 2017.

How big is unit 1407?

1,187 sqft (110.3 sqm): a two-bedroom apartment on the 14th floor of a 33-storey tower completed in 2007.

What is unit 1407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palladium Tower sold for AED 1,331,272 to 1,975,000 in the last 12 months, around AED 1,492 per sqft.

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Mortgage on 1407, Palladium Tower

Starts from the last sale price (AED 1.28M, 23 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,275,000
Deposit, UAE resident (20%)
AED 255,000
Deposit, non-resident (40%)
AED 510,000
Monthly over 25 years at 3.7%
AED 5,216

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