3-bed · 1,897 sqftPalladium Tower, Jumeirah Lake Towers (JLT) · 29th floor · completed 2007

2908, Palladium Tower

Sold prices and rental history: sold twice, last in June 2017, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2908 · DLD and Ejari recordsUpdated 5 June 2017
Last soldAED 1.95M5 June 2017
Current rentAED 170K /yr13 October 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2908, Palladium Tower

What is 2908 worth today?

Last sold for AED 1,950,000 in 2017

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5 Jun 2017SoldReady
AED 1,950,000AED 1,027 per sqft
13 Oct 2015RentedNew contract
AED 170,001/yr8 months · AED 90 per sqft
10 Oct 2014RentedNew contract
AED 170,000/yr12 months · AED 90 per sqft
7 Sep 2013RentedNew contract
AED 130,000/yr12 months · AED 69 per sqft
20 Dec 2012Sold by developerReady
AED 1,170,612AED 617 per sqft
6 Sep 2012RentedNew contract
AED 110,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 5 June 2017.

Key facts

Type
3-bed apartment
Size
1,897 sqft
Floor
29th of 33
Parking
1
Developer
ETA Star Property Developers
Completed
2007
Service charge
AED 23,500 /yr
Last sold
AED 1.95M · June 2017

About 2908, Palladium Tower

2908 is a three-bedroom apartment of 1,897 sqft on the 29th 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 5 June 2017 for AED 1,950,000, or AED 1,027 per sqft, in line with the AED 1,001 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, signed on 13 October 2015, is AED 170,001 a year: a gross yield of 8.7% on the 2017 price, before the service charge of about AED 23,500 a year.

Sales and rents for 2908 over time

Sales
Unit 2908, each saleTypical three-bed in Palladium Tower
1M2M2009201420192024Typical sale price by year: 2009 AED 1,565,025; 2010 AED 1,600,000; 2011 AED 1,200,042; 2012 AED 1,565,025; 2013 AED 1,650,000; 2014 AED 1,790,179; 2015 AED 1,800,000; 2017 AED 1,950,000; 2021 AED 1,540,000; 2023 AED 2,100,000; 2025 AED 2,500,000Sold by developer, December 2012: AED 1,170,612 (AED 617 per sqft)Sold, June 2017: AED 1,950,000 (AED 1,027 per sqft)

2908 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2908, each contractTypical three-bed in Palladium Tower
100K150K2012201620202024Typical rent by year: 2012 AED 100,000; 2013 AED 125,000; 2014 AED 150,000; 2015 AED 151,000; 2016 AED 153,000; 2017 AED 136,000; 2018 AED 125,000; 2019 AED 110,000; 2020 AED 95,000; 2021 AED 100,000; 2022 AED 115,000; 2023 AED 130,000; 2024 AED 145,000; 2025 AED 165,000; 2026 AED 166,000New contract, September 2012: AED 110,000 a yearNew contract, September 2013: AED 130,000 a yearNew contract, October 2014: AED 170,000 a yearNew contract, October 2015: AED 170,001 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Palladium Tower, and where 2908 sits

All 36 3-beds →

2908 last sold in June 2017 at AED 1,027 per sqft, in line with what three-beds in Palladium Tower were fetching at the time (AED 1,001). Over the last 12 months three-beds sold for AED 2,200,000, around AED 1,159 per sqft, and rent for AED 115,000 to 180,000 a year. 2908's AED 170,001 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
2 Nov 20262,200,000
4 Sep 20252,500,000
2 Sep 20252,760,000
28 Aug 20252,500,000
1 3-bed sale 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 29th floor

All 211 units in Palladium Tower
Value
29013-bedAED 1.17M · Feb 2013
29022-bedAED 727K · Mar 2013
29032-bedAED 727K · Mar 2013
29043-bedAED 1.17M · Mar 2013
29053-bedAED 1.2M · Jan 2015
29062-bedAED 1.73M · May 2026
29072-bedAED 1M · Apr 2021

2908, Palladium Tower in numbers

  • Sold twice: first on 20 December 2012 for AED 1,170,612, last on 5 June 2017 for AED 1,950,000 (AED 1,027 per sqft).
  • Rented since September 2012 on 4 Ejari contracts, from AED 110,000 to AED 170,001 a year.
  • At AED 170,001 a year the gross yield on the 2017 price is 8.7%, before a service charge of about AED 23,500 a year (AED 12.39 per sqft).
  • Three-beds in Palladium Tower sold for AED 2,200,000–2,200,000 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 5 June 2017.

Questions about 2908, Palladium Tower

What did unit 2908 last sell for?

AED 1,950,000 on 5 June 2017: AED 1,027 per sqft for 1,897 sqft. The unit has 2 registered sales; the first was AED 1,170,612 in December 2012.

What is the rent for unit 2908?

AED 170,001 a year on the contract signed on 13 October 2015. The previous contract, from October 2014, was AED 170,000; the unit has been rented since September 2012.

How big is unit 2908?

1,897 sqft (176.2 sqm): a three-bedroom apartment on the 29th floor of a 33-storey tower completed in 2007.

What is unit 2908 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Palladium Tower sold for AED 2,200,000 to 2,200,000 in the last 12 months, around AED 1,159 per sqft.

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Mortgage on 2908, Palladium Tower

Starts from the last sale price (AED 1.95M, 5 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,950,000
Deposit, UAE resident (20%)
AED 390,000
Deposit, non-resident (40%)
AED 780,000
Monthly over 25 years at 3.7%
AED 7,978

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