401, Dream Palm Residence
Sold prices and rental history: sold twice, last in November 2020, and rented once, from November 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 401, Dream Palm Residence
What is 401 worth today?
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Source: Dubai Land Department. Updated 26 November 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 2,331 sqft
- Floor
- 4th of 7
- Parking
- B1-17
- Developer
- Al Fattan Properties
- Completed
- 2013
- Service charge
- AED 61,200 /yr
- Last sold
- AED 2.9M · November 2020
- Building
- Dream Palm Residence
About 401, Dream Palm Residence
401 is a two-bedroom apartment of 2,331 sqft on the 4th floor of Dream Palm Residence, a 7-storey tower in Palm Jumeirah completed in 2013 by Al Fattan Properties. It last sold on 26 November 2020 for AED 2,900,000, or AED 1,244 per sqft.
One Ejari contract is registered, from 26 November 2019. The current contract, signed on 26 November 2019, is AED 180,000 a year: a gross yield of 6.2% on the 2020 price, before the service charge of about AED 61,200 a year.
Sales and rents for 401 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 401 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 | ||
| 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 4th floor
All 29 units in Dream Palm Residence401, Dream Palm Residence in numbers
- Sold twice: first on 15 May 2013 for AED 5,626,816, last on 26 November 2020 for AED 2,900,000 (AED 1,244 per sqft).
- Rented since November 2019 on one Ejari contract, at AED 180,000 a year.
- At AED 180,000 a year the gross yield on the 2020 price is 6.2%, before a service charge of about AED 61,200 a year (AED 26.26 per sqft).
Source: Dubai Land Department. Updated 26 November 2020.
Questions about 401, Dream Palm Residence
What did unit 401 last sell for?
AED 2,900,000 on 26 November 2020: AED 1,244 per sqft for 2,331 sqft. The unit has 2 registered sales; the first was AED 5,626,816 in May 2013.
What is the rent for unit 401?
AED 180,000 a year on the contract signed on 26 November 2019.
How big is unit 401?
2,331 sqft (216.6 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2013.
What is unit 401 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 401, Dream Palm Residence
Starts from the last sale price (AED 2.9M, 26 November 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 2,900,000
- Deposit, UAE resident (20%)
- AED 580,000
- Deposit, non-resident (40%)
- AED 1,160,000
- Monthly over 25 years at 3.7%
- AED 11,865
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →