Studio · 549 sqftPalm Views East, Palm Jumeirah · 1st floor · completed 2014

117, Palm Views East

Sold prices and rental history: sold twice, last in September 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 117 · DLD and Ejari recordsUpdated 26 September 2024
Last soldAED 1.39M26 September 2024
Current rentAED 85K /yr18 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 117, Palm Views East

What is 117 worth today?

Last sold for AED 1,390,000 in 2024

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26 Sep 2024SoldReady
AED 1,390,000AED 2,532 per sqft
18 Jan 2024RentedNew contract
AED 85,000/yr12 months · AED 155 per sqft
22 Sep 2022RentedNew contract
AED 70,000/yr12 months · AED 128 per sqft
22 Sep 2021RentedNew contract
AED 63,000/yr12 months · AED 115 per sqft
1 Feb 2020RentedNew contract
AED 60,000/yr12 months · AED 109 per sqft
18 Dec 2018RentedNew contract
AED 70,000/yr12 months · AED 128 per sqft
10 Oct 2017RentedNew contract
AED 75,000/yr12 months · AED 137 per sqft
21 Oct 2014Sold by developerOff-plan
AED 1,050,000AED 1,912 per sqft

Source: Dubai Land Department. Updated 26 September 2024.

Key facts

Type
Studio apartment
Size
549 sqft
Floor
1st of 4
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2014
Service charge
AED 14,500 /yr
Last sold
AED 1.39M · September 2024

About 117, Palm Views East

117 is a studio of 549 sqft on the 1st floor of Palm Views East, a 4-storey tower in Palm Jumeirah completed in 2014 by The Palm - Jumeirah Co. It last sold on 26 September 2024 for AED 1,390,000, or AED 2,532 per sqft, in line with the AED 2,459 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 18 January 2024, is AED 85,000 a year: a gross yield of 6.1% on the 2024 price, before the service charge of about AED 14,500 a year.

Sales and rents for 117 over time

Sales
Unit 117, each saleTypical studio in Palm Views East
1M1.5M2013201720212025Typical sale price by year: 2013 AED 1,050,000; 2014 AED 1,050,000; 2015 AED 1,050,000; 2016 AED 1,100,000; 2017 AED 1,102,500; 2018 AED 900,000; 2019 AED 750,000; 2021 AED 930,000; 2022 AED 1,150,000; 2023 AED 1,200,000; 2024 AED 1,390,000; 2025 AED 1,500,000; 2026 AED 1,535,000Sold by developer, October 2014: AED 1,050,000 (AED 1,912 per sqft)Sold, September 2024: AED 1,390,000 (AED 2,532 per sqft)

117 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 117, each contractTypical studio in Palm Views East
60K80K2016201920222025Typical rent by year: 2016 AED 78,500; 2017 AED 79,000; 2018 AED 70,000; 2019 AED 65,000; 2020 AED 53,500; 2021 AED 55,000; 2022 AED 65,000; 2023 AED 80,000; 2024 AED 85,000; 2025 AED 87,000; 2026 AED 80,000New contract, October 2017: AED 75,000 a yearNew contract, December 2018: AED 70,000 a yearNew contract, February 2020: AED 60,000 a yearNew contract, September 2021: AED 63,000 a yearNew contract, September 2022: AED 70,000 a yearNew contract, January 2024: AED 85,000 a year

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

Studios in Palm Views East, and where 117 sits

All 95 studios →

117 last sold in September 2024 at AED 2,532 per sqft, in line with what studios in Palm Views East were fetching at the time (AED 2,459). Over the last 12 months studios sold for AED 154,830 to 1,600,000, around AED 2,764 per sqft, and rent for AED 35,000 to 120,000 a year. 117's AED 85,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
28 Sep 20261,535,000
12 Aug 20261,600,000
14 Apr 20261,540,000
24 Feb 20261,550,000
9 studio sales in the last 12 months

Palm Views East

Building

95 apartments, studios over 4 floors in Palm Jumeirah, completed in 2014 by The Palm - Jumeirah Co. 9 sold in the last 12 months.

Typical price per sqft
AED 2,764
Typical sale
AED 1.52M
Typical rent
AED 85K /yr
Typical yield
5.6%
Palm Views East, Palm Jumeirah: prices, sales and rents →

Other units on the 1st floor

All 95 units in Palm Views East
Value
101StudioAED 1.1M · Sep 2015
102StudioAED 1.05M · Apr 2015
103StudioAED 1.08M · Aug 2022
104StudioAED 610K · Oct 2020
105StudioAED 1.44M · Dec 2024
106StudioAED 1.42M · Jan 2015
107StudioAED 1.2M · Mar 2023
1–7 of 22

117, Palm Views East in numbers

  • Sold twice: first on 21 October 2014 for AED 1,050,000, last on 26 September 2024 for AED 1,390,000 (AED 2,532 per sqft).
  • Rented since October 2017 on 6 Ejari contracts. The rent fell from AED 75,000 to AED 60,000 in 2020 and recovered to AED 85,000 by January 2024.
  • At AED 85,000 a year the gross yield on the 2024 price is 6.1%, before a service charge of about AED 14,500 a year (AED 26.44 per sqft).
  • Studios in Palm Views East sold for AED 154,830–1,600,000 in the 12 months to November 2026; the building's median across all types is AED 2,764 per sqft.

Source: Dubai Land Department. Updated 26 September 2024.

Questions about 117, Palm Views East

What did unit 117 last sell for?

AED 1,390,000 on 26 September 2024: AED 2,532 per sqft for 549 sqft. The unit has 2 registered sales; the first was AED 1,050,000 in October 2014.

What is the rent for unit 117?

AED 85,000 a year on the contract signed on 18 January 2024. The previous contract, from September 2022, was AED 70,000; the unit has been rented since October 2017.

How big is unit 117?

549 sqft (51.0 sqm): a studio on the 1st floor of a 4-storey tower completed in 2014.

What is unit 117 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Palm Views East sold for AED 154,830 to 1,600,000 in the last 12 months, around AED 2,764 per sqft.

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Mortgage on 117, Palm Views East

Starts from the last sale price (AED 1.39M, 26 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,390,000
Deposit, UAE resident (20%)
AED 278,000
Deposit, non-resident (40%)
AED 556,000
Monthly over 25 years at 3.7%
AED 5,687

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