Studio · 553 sqftPalm Views East, Palm Jumeirah · 1st floor · completed 2014

119, Palm Views East

Sold prices and rental history: sold 3 times, last in October 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 119 · DLD and Ejari recordsUpdated 11 October 2024
Last soldAED 1.38M11 October 2024
Current rentAED 100K /yr8 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 119, Palm Views East

What is 119 worth today?

Last sold for AED 1,375,000 in 2024

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11 Oct 2024SoldReady
AED 1,375,000AED 2,486 per sqft
8 Mar 2024RentedNew contract
AED 100,000/yr12 months · AED 181 per sqft
22 Jan 2024RentedNew contract
AED 100,000/yr12 months · AED 181 per sqft
13 Apr 2023RentedNew contract
AED 70,000/yr12 months · AED 128 per sqft
22 Jun 2021RentedNew contract
AED 65,000/yr12 months · AED 118 per sqft
15 Jun 2020RentedNew contract
AED 55,000/yr12 months · AED 100 per sqft
8 Sep 2017RentedNew contract
AED 75,000/yr12 months · AED 137 per sqft
30 Apr 2014SoldOff-plan
AED 1,260,000AED 2,278 per sqft

Source: Dubai Land Department. Updated 11 October 2024.

Key facts

Type
Studio apartment
Size
553 sqft
Floor
1st of 4
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2014
Service charge
AED 14,600 /yr
Last sold
AED 1.38M · October 2024

About 119, Palm Views East

119 is a studio of 553 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 11 October 2024 for AED 1,375,000, or AED 2,486 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 8 March 2024, is AED 100,000 a year: a gross yield of 7.3% on the 2024 price, before the service charge of about AED 14,600 a year.

Sales and rents for 119 over time

Sales
Unit 119, 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, March 2014: AED 1,050,000 (AED 1,898 per sqft)Sold, April 2014: AED 1,260,000 (AED 2,278 per sqft)Sold, October 2024: AED 1,375,000 (AED 2,486 per sqft)

119 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 119, each contractTypical studio in Palm Views East
50K75K100K2016201920222025Typical 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, September 2017: AED 75,000 a yearNew contract, June 2020: AED 55,000 a yearNew contract, June 2021: AED 65,000 a yearNew contract, April 2023: AED 70,000 a yearNew contract, January 2024: AED 100,000 a yearNew contract, March 2024: AED 100,000 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 119 sits

All 95 studios →

119 last sold in October 2024 at AED 2,486 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. 119's AED 100,000 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

119, Palm Views East in numbers

  • Sold 3 times: first on 10 March 2014 for AED 1,050,000, last on 11 October 2024 for AED 1,375,000 (AED 2,486 per sqft).
  • Rented since September 2017 on 6 Ejari contracts. The rent fell from AED 75,000 to AED 55,000 in 2020 and recovered to AED 100,000 by March 2024.
  • At AED 100,000 a year the gross yield on the 2024 price is 7.3%, before a service charge of about AED 14,600 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 11 October 2024.

Questions about 119, Palm Views East

What did unit 119 last sell for?

AED 1,375,000 on 11 October 2024: AED 2,486 per sqft for 553 sqft. The unit has 3 registered sales; the first was AED 1,050,000 in March 2014.

What is the rent for unit 119?

AED 100,000 a year on the contract signed on 8 March 2024. The previous contract, from January 2024, was AED 100,000; the unit has been rented since September 2017.

How big is unit 119?

553 sqft (51.4 sqm): a studio on the 1st floor of a 4-storey tower completed in 2014.

What is unit 119 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 119, Palm Views East

Starts from the last sale price (AED 1.38M, 11 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,375,000
Deposit, UAE resident (20%)
AED 275,000
Deposit, non-resident (40%)
AED 550,000
Monthly over 25 years at 3.7%
AED 5,626

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