301, Dream Palm Residence
Sold prices and rental history: sold once, by the developer in November 2013, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 301, Dream Palm Residence
What is 301 worth today?
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Source: Dubai Land Department. Updated 1 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 2,330 sqft
- Floor
- 3rd of 7
- Parking
- B1-12
- Developer
- Al Fattan Properties
- Completed
- 2013
- Service charge
- AED 61,200 /yr
- Last sold
- AED 5.59M · November 2013
- Building
- Dream Palm Residence
About 301, Dream Palm Residence
301 is a two-bedroom apartment of 2,330 sqft on the 3rd floor of Dream Palm Residence, a 7-storey tower in Palm Jumeirah completed in 2013 by Al Fattan Properties. The developer sold it on 24 November 2013 for AED 5,592,072, or AED 2,400 per sqft, in line with the AED 2,400 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 10 Ejari contracts. The current contract, renewed on 1 November 2024, is AED 305,000 a year: a gross yield of 5.5% on the 2013 price, before the service charge of about AED 61,200 a year.
Sales and rents for 301 over time
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Dream Palm Residence, and where 301 sits
All 9 2-beds →301 last sold in November 2013 at AED 2,400 per sqft, in line with what two-beds in Dream Palm Residence were fetching at the time (AED 2,400).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Dec 202216 December 2022 | 2,243 sqft | 4,300,000 | 1,917 | ||
| 28 Apr 202228 April 2022 | 2,329 sqft | 3,700,000 | 1,588 | ||
| 19 Oct 202119 October 2021 | 2,217 sqft | 3,321,000 | 1,497 | ||
| 15 Sep 202115 September 2021 | 2,769 sqft | 3,075,000 | 1,110 |
Dream Palm Residence
Building29 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%
Other units on the 3rd floor
All 29 units in Dream Palm Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 303 | 3-bed | 2,989 sqft | AED 5.5MAED 5,496,882 · Mar 2021March 2021 | 350,532 /yr | |
| 305 | 2-bed | 2,769 sqft | AED 3.08MAED 3,075,000 · Sep 2021September 2021 | 160,000 /yr | |
| 308 | 3-bed | 2,819 sqft | AED 4.17MAED 4,165,000 · Sep 2021September 2021 | 274,510 /yr | |
| 309 | 3-bed | 3,223 sqft | AED 3.55MAED 3,545,300 · Jun 2013June 2013 | ||
| 314 | 2-bed | 2,243 sqft | AED 4.3MAED 4,300,000 · Dec 2022December 2022 | ||
| 316 | 3-bed | 3,140 sqft | AED 6.6MAED 6,600,000 · Apr 2025April 2025 | 200,000 /yr |
301, Dream Palm Residence in numbers
- Sold once: by Al Fattan Properties on 24 November 2013 for AED 5,592,072, or AED 2,400 per sqft.
- Rented since July 2017 on 10 Ejari contracts. The rent fell from AED 195,000 to AED 150,000 in 2022 and recovered to AED 305,000 by November 2024.
- At AED 305,000 a year the gross yield on the 2013 price is 5.5%, before a service charge of about AED 61,200 a year (AED 26.26 per sqft).
Source: Dubai Land Department. Updated 1 November 2024.
Questions about 301, Dream Palm Residence
What did unit 301 last sell for?
AED 5,592,072 on 24 November 2013, sold by the developer: AED 2,400 per sqft for 2,330 sqft. It is the only registered sale of the unit.
What is the rent for unit 301?
AED 305,000 a year on the contract renewed on 1 November 2024. The previous contract, from November 2024, was AED 305,000; the unit has been rented since July 2017.
How big is unit 301?
2,330 sqft (216.5 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2013.
What is unit 301 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 301, Dream Palm Residence
Starts from the last sale price (AED 5.59M, 24 November 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 5,592,072
- Deposit, UAE resident (20%)
- AED 1,118,414
- Deposit, non-resident (40%)
- AED 2,236,829
- Monthly over 25 years at 3.7%
- AED 22,879
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →