1601, Palladium Tower
Sold prices and rental history: sold 6 times, last in July 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, Palladium Tower
What is 1601 worth today?
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Source: Dubai Land Department. Updated 8 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 993 sqft
- Floor
- 16th of 33
- Parking
- 1
- Developer
- ETA Star Property Developers
- Completed
- 2007
- Service charge
- AED 12,300 /yr
- Last sold
- AED 1.09M · July 2024
- Building
- Palladium Tower
About 1601, Palladium Tower
1601 is a one-bedroom apartment of 993 sqft on the 16th 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 8 July 2024 for AED 1,090,000, or AED 1,097 per sqft, 11% above the AED 987 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 5 September 2022, is AED 52,800 a year: a gross yield of 4.8% on the 2024 price, before the service charge of about AED 12,300 a year.
Sales and rents for 1601 over time
1601 has sold 6 times; the dashed line is the one-bed median of each year in the building.
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 1601 sits
All 28 1-beds →1601 last sold in July 2024 at AED 1,097 per sqft, 11% above what one-beds in Palladium Tower were fetching at the time (AED 987). 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. 1601's AED 52,800 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 May 20267 May 2026 | 993 sqft | 1,164,319 | 1,172 | ||
| 8 Apr 20268 April 2026 | 993 sqft | 1,315,000 | 1,324 | ||
| 27 Jan 202527 January 2025 | 993 sqft | 1,220,000 | 1,228 | ||
| 12 Dec 202412 December 2024 | 993 sqft | 1,150,000 | 1,158 |
Palladium Tower
Building211 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%
Other units on the 16th floor
All 211 units in Palladium Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | 2-bed | 1,187 sqft | AED 1.3MAED 1,300,000 · Nov 2023November 2023 | 82,500 /yr | |
| 1603 | 2-bed | 1,153 sqft | AED 1.05MAED 1,050,000 · Oct 2012October 2012 | ||
| 1604 | 2-bed | 1,153 sqft | AED 1.72MAED 1,715,000 · Jan 2026January 2026 | 104,000 /yr | |
| 1605 | 2-bed | 1,187 sqft | AED 1.72MAED 1,720,000 · May 2025May 2025 | 105,000 /yr | |
| 1606 | 1-bed | 993 sqft | AED 715KAED 715,380 · Apr 2013April 2013 | 84,000 /yr | |
| 1607 | 2-bed | 1,187 sqft | AED 1.4MAED 1,400,000 · Feb 2014February 2014 | 120,000 /yr | |
| 1608 | 2-bed | 1,153 sqft | AED 1MAED 1,000,000 · Mar 2020March 2020 | 126,000 /yr | |
| 1609 | 2-bed | 1,153 sqft | AED 1.7MAED 1,700,000 · Jul 2014July 2014 | 102,000 /yr | |
| 1610 | 2-bed | 1,187 sqft | AED 1.1MAED 1,100,000 · Oct 2012October 2012 |
1601, Palladium Tower in numbers
- Sold 6 times: first on 6 May 2009 for AED 725,310, last on 8 July 2024 for AED 1,090,000 (AED 1,097 per sqft).
- Rented since December 2018 on 5 Ejari contracts, from AED 70,000 to AED 52,800 a year.
- At AED 52,800 a year the gross yield on the 2024 price is 4.8%, 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 8 July 2024.
Questions about 1601, Palladium Tower
What did unit 1601 last sell for?
AED 1,090,000 on 8 July 2024: AED 1,097 per sqft for 993 sqft. The unit has 6 registered sales; the first was AED 725,310 in May 2009.
What is the rent for unit 1601?
AED 52,800 a year on the contract renewed on 5 September 2022. The previous contract, from September 2021, was AED 48,000; the unit has been rented since December 2018.
How big is unit 1601?
993 sqft (92.3 sqm): a one-bedroom apartment on the 16th floor of a 33-storey tower completed in 2007.
What is unit 1601 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 1601, Palladium Tower
Starts from the last sale price (AED 1.09M, 8 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,090,000
- Deposit, UAE resident (20%)
- AED 218,000
- Deposit, non-resident (40%)
- AED 436,000
- Monthly over 25 years at 3.7%
- AED 4,460
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →