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3-bed · 3,140 sqftDream Palm Residence, Palm Jumeirah · 2nd floor · completed 2013

216, Dream Palm Residence

Sold prices and rental history: sold once, by the developer in November 2013, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 216 · DLD and Ejari recordsUpdated 13 January 2023
Last soldAED 6.55M18 November 2013
Current rentAED 350K /yr13 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 216, Dream Palm Residence

What is 216 worth today?

Last sold for AED 6,551,581 in 2013

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13 Jan 2023RentedRenewal
AED 350,000/yr12 months · AED 111 per sqft
13 Jan 2022RentedRenewal
AED 350,000/yr12 months · AED 111 per sqft
1 Aug 2021RentedRenewal
AED 779,641/yr5 months · AED 248 per sqft
1 Mar 2020RentedNew contract
AED 184,800/yr17 months · AED 59 per sqft
1 Mar 2018RentedNew contract
AED 200,000/yr12 months · AED 64 per sqft
18 Nov 2013Sold by developerReady
AED 6,551,581AED 2,086 per sqft

Source: Dubai Land Department. Updated 13 January 2023.

Key facts

Type
3-bed apartment
Size
3,140 sqft
Floor
2nd of 7
Parking
B2-137,B2-138
Developer
Al Fattan Properties
Completed
2013
Service charge
AED 82,500 /yr
Last sold
AED 6.55M · November 2013
Building
Dream Palm Residence

About 216, Dream Palm Residence

216 is a three-bedroom apartment of 3,140 sqft on the 2nd floor of Dream Palm Residence, a 7-storey tower in Palm Jumeirah completed in 2013 by Al Fattan Properties. The developer sold it on 18 November 2013 for AED 6,551,581, or AED 2,086 per sqft, 5% below the AED 2,199 three-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 13 January 2023, is AED 350,000 a year: a gross yield of 5.3% on the 2013 price, before the service charge of about AED 82,500 a year.

Sales and rents for 216 over time

Sales
Unit 216, each saleTypical three-bed in Dream Palm Residence
6M2013201620192022Typical sale price by year: 2013 AED 6,677,431; 2015 AED 6,615,904; 2021 AED 5,396,888Sold by developer, November 2013: AED 6,551,581 (AED 2,086 per sqft)

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

Rents
Unit 216, each contractTypical three-bed in Dream Palm Residence
500K2015201820212024Typical rent by year: 2015 AED 277,255; 2016 AED 280,000; 2017 AED 232,500; 2018 AED 232,500; 2019 AED 212,500; 2020 AED 187,400; 2021 AED 215,500; 2022 AED 300,000; 2023 AED 375,000; 2024 AED 385,000; 2025 AED 400,000New contract, March 2018: AED 200,000 a yearNew contract, March 2020: AED 184,800 a yearRenewal, August 2021: AED 779,641 a yearRenewal, January 2022: AED 350,000 a yearRenewal, January 2023: AED 350,000 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 Dream Palm Residence, and where 216 sits

All 13 3-beds →

216 last sold in November 2013 at AED 2,086 per sqft, 5% below what three-beds in Dream Palm Residence were fetching at the time (AED 2,199).

Recent 3-bed salesUnit no.Price (AED)Summary
24 Jul 20257,150,000
30 Apr 20256,600,000
24 Apr 20245,700,000
28 Nov 20237,500,000
0 3-bed sales in the last 12 months

Dream Palm Residence

Building

29 apartments, 2-bed to 5-bed over 7 floors in Palm Jumeirah, completed in 2013 by Al Fattan Properties. 1 sold in the last 12 months.

Typical price per sqft
AED 2,059
Typical sale
AED 11.25M
Typical rent
AED 395K /yr
Typical yield
6.9%
Dream Palm Residence, Palm Jumeirah: prices, sales and rents →

Other units on the 2nd floor

All 29 units in Dream Palm Residence
Value
2012-bedAED 6.11M · May 2013
2033-bedAED 5.7M · Apr 2024

216, Dream Palm Residence in numbers

  • Sold once: by Al Fattan Properties on 18 November 2013 for AED 6,551,581, or AED 2,086 per sqft.
  • Rented since March 2018 on 5 Ejari contracts, from AED 200,000 to AED 350,000 a year.
  • At AED 350,000 a year the gross yield on the 2013 price is 5.3%, before a service charge of about AED 82,500 a year (AED 26.26 per sqft).

Source: Dubai Land Department. Updated 13 January 2023.

Questions about 216, Dream Palm Residence

What did unit 216 last sell for?

AED 6,551,581 on 18 November 2013, sold by the developer: AED 2,086 per sqft for 3,140 sqft. It is the only registered sale of the unit.

What is the rent for unit 216?

AED 350,000 a year on the contract renewed on 13 January 2023. The previous contract, from January 2022, was AED 350,000; the unit has been rented since March 2018.

How big is unit 216?

3,140 sqft (291.7 sqm): a three-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2013.

What is unit 216 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 216, Dream Palm Residence

Starts from the last sale price (AED 6.55M, 18 November 2013). Switch to today's estimate once you have unlocked it.
Price
AED 6,551,581
Deposit, UAE resident (20%)
AED 1,310,316
Deposit, non-resident (40%)
AED 2,620,632
Monthly over 25 years at 3.7%
AED 26,805

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