1602, Palladium Tower
Sold prices and rental history: sold twice, last in November 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Palladium Tower
What is 1602 worth today?
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Source: Dubai Land Department. Updated 14 November 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,187 sqft
- Floor
- 16th of 33
- Parking
- 1
- Developer
- ETA Star Property Developers
- Completed
- 2007
- Service charge
- AED 14,700 /yr
- Last sold
- AED 1.3M · November 2023
- Building
- Palladium Tower
About 1602, Palladium Tower
1602 is a two-bedroom apartment of 1,187 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 14 November 2023 for AED 1,300,000, or AED 1,095 per sqft, 5% above the AED 1,040 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 10 November 2023, is AED 82,500 a year: a gross yield of 6.3% on the 2023 price, before the service charge of about AED 14,700 a year.
Sales and rents for 1602 over time
1602 has sold twice; the dashed line is the two-bed median of each year in the building.
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 1602 sits
All 147 2-beds →1602 last sold in November 2023 at AED 1,095 per sqft, 5% above what two-beds in Palladium Tower were fetching at the time (AED 1,040). 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. 1602's AED 82,500 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 May 202622 May 2026 | 1,153 sqft | 1,725,000 | 1,496 | ||
| 30 Mar 202630 March 2026 | 1,187 sqft | 1,710,000 | 1,440 | ||
| 17 Mar 202617 March 2026 | 1,153 sqft | 1,700,000 | 1,474 | ||
| 24 Feb 202624 February 2026 | 1,187 sqft | 1,700,000 | 1,432 |
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 | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 993 sqft | AED 1.09MAED 1,090,000 · Jul 2024July 2024 | 52,800 /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 |
1602, Palladium Tower in numbers
- Sold twice: first on 20 September 2023 for AED 1,230,000, last on 14 November 2023 for AED 1,300,000 (AED 1,095 per sqft).
- Rented since August 2013 on 8 Ejari contracts. The rent fell from AED 82,000 to AED 65,000 in 2020 and recovered to AED 82,500 by November 2023.
- At AED 82,500 a year the gross yield on the 2023 price is 6.3%, 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 14 November 2023.
Questions about 1602, Palladium Tower
What did unit 1602 last sell for?
AED 1,300,000 on 14 November 2023: AED 1,095 per sqft for 1,187 sqft. The unit has 2 registered sales; the first was AED 1,230,000 in September 2023.
What is the rent for unit 1602?
AED 82,500 a year on the contract signed on 10 November 2023. The previous contract, from November 2022, was AED 75,000; the unit has been rented since August 2013.
How big is unit 1602?
1,187 sqft (110.3 sqm): a two-bedroom apartment on the 16th floor of a 33-storey tower completed in 2007.
What is unit 1602 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 1602, Palladium Tower
Starts from the last sale price (AED 1.3M, 14 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,300,000
- Deposit, UAE resident (20%)
- AED 260,000
- Deposit, non-resident (40%)
- AED 520,000
- Monthly over 25 years at 3.7%
- AED 5,319
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →