2-bed · 1,153 sqftPalladium Tower, Jumeirah Lake Towers (JLT) · 23rd floor · completed 2007

2303, Palladium Tower

Sold prices and rental history: sold twice, last in October 2017, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2303 · DLD and Ejari recordsUpdated 12 October 2017
Last soldAED 1.43M12 October 2017
Current rentAED 140K /yr20 November 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2303, Palladium Tower

What is 2303 worth today?

Last sold for AED 1,425,000 in 2017

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12 Oct 2017SoldReady
AED 1,425,000AED 1,235 per sqft
20 Nov 2014RentedNew contract
AED 140,000/yr12 months · AED 122 per sqft
26 Aug 2013RentedNew contract
AED 115,000/yr12 months · AED 100 per sqft
20 Oct 2011Sold by developerReady
AED 598,757AED 519 per sqft

Source: Dubai Land Department. Updated 12 October 2017.

Key facts

Type
2-bed apartment
Size
1,153 sqft
Floor
23rd of 33
Parking
1
Developer
ETA Star Property Developers
Completed
2007
Service charge
AED 14,300 /yr
Last sold
AED 1.43M · October 2017

About 2303, Palladium Tower

2303 is a two-bedroom apartment of 1,153 sqft on the 23rd 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 12 October 2017 for AED 1,425,000, or AED 1,235 per sqft, 8% above the AED 1,140 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 20 November 2014, is AED 140,000 a year: a gross yield of 9.8% on the 2017 price, before the service charge of about AED 14,300 a year.

Sales and rents for 2303 over time

Sales
Unit 2303, 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, October 2011: AED 598,757 (AED 519 per sqft)Sold, October 2017: AED 1,425,000 (AED 1,235 per sqft)

2303 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2303, each contractTypical two-bed in Palladium Tower
100K150K2012201620202024Typical 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, August 2013: AED 115,000 a yearNew contract, November 2014: AED 140,000 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 2303 sits

All 147 2-beds →

2303 last sold in October 2017 at AED 1,235 per sqft, 8% above what two-beds in Palladium Tower were fetching at the time (AED 1,140). 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. 2303's AED 140,000 is at the top 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 23rd floor

All 211 units in Palladium Tower
Value
23011-bedAED 650K · Jan 2011
23022-bedAED 880K · Feb 2020
23042-bedAED 1.75M · Sep 2014
23052-bedAED 615K · Oct 2013
23061-bedAED 840K · Nov 2013
23072-bedAED 1.7M · Feb 2026
23082-bedAED 599K · May 2012
1–7 of 9

2303, Palladium Tower in numbers

  • Sold twice: first on 20 October 2011 for AED 598,757, last on 12 October 2017 for AED 1,425,000 (AED 1,235 per sqft).
  • Rented since August 2013 on 2 Ejari contracts, from AED 115,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2017 price is 9.8%, before a service charge of about AED 14,300 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 12 October 2017.

Questions about 2303, Palladium Tower

What did unit 2303 last sell for?

AED 1,425,000 on 12 October 2017: AED 1,235 per sqft for 1,153 sqft. The unit has 2 registered sales; the first was AED 598,757 in October 2011.

What is the rent for unit 2303?

AED 140,000 a year on the contract signed on 20 November 2014. The previous contract, from August 2013, was AED 115,000.

How big is unit 2303?

1,153 sqft (107.1 sqm): a two-bedroom apartment on the 23rd floor of a 33-storey tower completed in 2007.

What is unit 2303 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 2303, Palladium Tower

Starts from the last sale price (AED 1.43M, 12 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,425,000
Deposit, UAE resident (20%)
AED 285,000
Deposit, non-resident (40%)
AED 570,000
Monthly over 25 years at 3.7%
AED 5,830

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