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

2304, Palladium Tower

Sold prices and rental history: sold twice, last in September 2014, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2304 · DLD and Ejari recordsUpdated 23 June 2021
Last soldAED 1.75M11 September 2014
Current rentAED 62K /yr23 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2304, Palladium Tower

What is 2304 worth today?

Last sold for AED 1,750,000 in 2014

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23 Jun 2021RentedNew contract
AED 62,000/yr14 months · AED 54 per sqft
15 Aug 2020RentedRenewal
AED 66,000/yr12 months · AED 57 per sqft
15 Aug 2019RentedNew contract
AED 82,000/yr12 months · AED 71 per sqft
15 Jun 2018RentedNew contract
AED 85,000/yr12 months · AED 74 per sqft
11 Sep 2014SoldReady
AED 1,750,000AED 1,517 per sqft
25 Aug 2011Sold by developerReady
AED 598,757AED 519 per sqft

Source: Dubai Land Department. Updated 23 June 2021.

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 1.75M · September 2014

About 2304, Palladium Tower

2304 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 11 September 2014 for AED 1,750,000, or AED 1,517 per sqft, 137% above the AED 640 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 23 June 2021, is AED 62,000 a year: a gross yield of 3.5% on the 2014 price, before the service charge of about AED 14,300 a year.

Sales and rents for 2304 over time

Sales
Unit 2304, 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, August 2011: AED 598,757 (AED 519 per sqft)Sold, September 2014: AED 1,750,000 (AED 1,517 per sqft)

2304 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2304, 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 2018: AED 85,000 a yearNew contract, August 2019: AED 82,000 a yearRenewal, August 2020: AED 66,000 a yearNew contract, June 2021: AED 62,000 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 2304 sits

All 147 2-beds →

2304 last sold in September 2014 at AED 1,517 per sqft, 137% above what two-beds in Palladium Tower were fetching at the time (AED 640). 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. 2304's AED 62,000 is in the lower 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 23rd floor

All 211 units in Palladium Tower
Value
23011-bedAED 650K · Jan 2011
23022-bedAED 880K · Feb 2020
23032-bedAED 1.43M · Oct 2017
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

2304, Palladium Tower in numbers

  • Sold twice: first on 25 August 2011 for AED 598,757, last on 11 September 2014 for AED 1,750,000 (AED 1,517 per sqft).
  • Rented since June 2018 on 4 Ejari contracts, from AED 85,000 to AED 62,000 a year.
  • At AED 62,000 a year the gross yield on the 2014 price is 3.5%, 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 23 June 2021.

Questions about 2304, Palladium Tower

What did unit 2304 last sell for?

AED 1,750,000 on 11 September 2014: AED 1,517 per sqft for 1,153 sqft. The unit has 2 registered sales; the first was AED 598,757 in August 2011.

What is the rent for unit 2304?

AED 62,000 a year on the contract signed on 23 June 2021. The previous contract, from August 2020, was AED 66,000; the unit has been rented since June 2018.

How big is unit 2304?

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 2304 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 2304, Palladium Tower

Starts from the last sale price (AED 1.75M, 11 September 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,750,000
Deposit, UAE resident (20%)
AED 350,000
Deposit, non-resident (40%)
AED 700,000
Monthly over 25 years at 3.7%
AED 7,160

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