305, Dream Palm Residence
Sold prices and rental history: sold twice, last in September 2021, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 305, Dream Palm Residence
What is 305 worth today?
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Source: Dubai Land Department. Updated 15 September 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 2,769 sqft
- Floor
- 3rd of 7
- Parking
- B1-62
- Developer
- Al Fattan Properties
- Completed
- 2013
- Service charge
- AED 72,700 /yr
- Last sold
- AED 3.08M · September 2021
- Building
- Dream Palm Residence
About 305, Dream Palm Residence
305 is a two-bedroom apartment of 2,769 sqft on the 3rd floor of Dream Palm Residence, a 7-storey tower in Palm Jumeirah completed in 2013 by Al Fattan Properties. It last sold on 15 September 2021 for AED 3,075,000, or AED 1,110 per sqft.
It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 1 November 2017, is AED 160,000 a year: a gross yield of 5.2% on the 2021 price, before the service charge of about AED 72,700 a year.
Sales and rents for 305 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 305 sits
All 9 2-beds →| 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 | ||
| 26 Nov 202026 November 2020 | 2,331 sqft | 2,900,000 | 1,244 |
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 | |||||
|---|---|---|---|---|---|
| 301 | 2-bed | 2,330 sqft | AED 5.59MAED 5,592,072 · Nov 2013November 2013 | 305,000 /yr | |
| 303 | 3-bed | 2,989 sqft | AED 5.5MAED 5,496,882 · Mar 2021March 2021 | 350,532 /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 |
305, Dream Palm Residence in numbers
- Sold twice: first on 18 April 2013 for AED 5,538,678, last on 15 September 2021 for AED 3,075,000 (AED 1,110 per sqft).
- Rented since November 2016 on 2 Ejari contracts, from AED 215,000 to AED 160,000 a year.
- At AED 160,000 a year the gross yield on the 2021 price is 5.2%, before a service charge of about AED 72,700 a year (AED 26.26 per sqft).
Source: Dubai Land Department. Updated 15 September 2021.
Questions about 305, Dream Palm Residence
What did unit 305 last sell for?
AED 3,075,000 on 15 September 2021: AED 1,110 per sqft for 2,769 sqft. The unit has 2 registered sales; the first was AED 5,538,678 in April 2013.
What is the rent for unit 305?
AED 160,000 a year on the contract signed on 1 November 2017. The previous contract, from November 2016, was AED 215,000.
How big is unit 305?
2,769 sqft (257.2 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2013.
What is unit 305 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 305, Dream Palm Residence
Starts from the last sale price (AED 3.08M, 15 September 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 3,075,000
- Deposit, UAE resident (20%)
- AED 615,000
- Deposit, non-resident (40%)
- AED 1,230,000
- Monthly over 25 years at 3.7%
- AED 12,581
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →