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

2309, Palladium Tower

Sold prices and rental history: sold 3 times, last in May 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2309 · DLD and Ejari recordsUpdated 20 April 2024
Last soldAED 1M3 May 2018
Current rentAED 72K /yr20 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2309, Palladium Tower

What is 2309 worth today?

Last sold for AED 1,000,000 in 2018

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20 Apr 2024RentedRenewal
AED 72,000/yr12 months · AED 63 per sqft
20 Apr 2023RentedRenewal
AED 64,000/yr12 months · AED 56 per sqft
20 Apr 2022RentedRenewal
AED 64,000/yr12 months · AED 56 per sqft
20 Apr 2021RentedNew contract
AED 58,000/yr12 months · AED 50 per sqft
10 Feb 2020RentedNew contract
AED 70,000/yr12 months · AED 61 per sqft
3 May 2018SoldReady
AED 1,000,000AED 867 per sqft
21 Feb 2017SoldReady
AED 288,545AED 1,001 per sqft
1 Nov 2015RentedRenewal
AED 115,500/yr12 months · AED 100 per sqft

Source: Dubai Land Department. Updated 20 April 2024.

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 1M · May 2018

About 2309, Palladium Tower

2309 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 3 May 2018 for AED 1,000,000, or AED 867 per sqft, 27% below the AED 1,184 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 20 April 2024, is AED 72,000 a year: a gross yield of 7.2% on the 2018 price, before the service charge of about AED 14,300 a year.

Sales and rents for 2309 over time

Sales
Unit 2309, 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, February 2014: AED 598,757 (AED 519 per sqft)Sold, February 2017: AED 288,545 (AED 1,001 per sqft)Sold, May 2018: AED 1,000,000 (AED 867 per sqft)

2309 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2309, each contractTypical two-bed in Palladium Tower
50K100K2012201620202024Typical 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, November 2013: AED 100,000 a yearNew contract, November 2014: AED 110,000 a yearRenewal, November 2015: AED 115,500 a yearNew contract, February 2020: AED 70,000 a yearNew contract, April 2021: AED 58,000 a yearRenewal, April 2022: AED 64,000 a yearRenewal, April 2023: AED 64,000 a yearRenewal, April 2024: AED 72,000 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 2309 sits

All 147 2-beds →

2309 last sold in May 2018 at AED 867 per sqft, 27% below what two-beds in Palladium Tower were fetching at the time (AED 1,184). 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. 2309's AED 72,000 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
23042-bedAED 1.75M · Sep 2014
23052-bedAED 615K · Oct 2013
23061-bedAED 840K · Nov 2013
23072-bedAED 1.7M · Feb 2026
1–7 of 9

2309, Palladium Tower in numbers

  • Sold 3 times: first on 4 February 2014 for AED 598,757, last on 3 May 2018 for AED 1,000,000 (AED 867 per sqft).
  • Rented since November 2013 on 8 Ejari contracts. The rent fell from AED 100,000 to AED 58,000 in 2021 and recovered to AED 72,000 by April 2024.
  • At AED 72,000 a year the gross yield on the 2018 price is 7.2%, 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 20 April 2024.

Questions about 2309, Palladium Tower

What did unit 2309 last sell for?

AED 1,000,000 on 3 May 2018: AED 867 per sqft for 1,153 sqft. The unit has 3 registered sales; the first was AED 598,757 in February 2014.

What is the rent for unit 2309?

AED 72,000 a year on the contract renewed on 20 April 2024. The previous contract, from April 2023, was AED 64,000; the unit has been rented since November 2013.

How big is unit 2309?

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 2309 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 2309, Palladium Tower

Starts from the last sale price (AED 1M, 3 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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