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

121, Palm Views East

Sold prices and rental history: sold 3 times, last in June 2022, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 121 · DLD and Ejari recordsUpdated 9 June 2022
Last soldAED 1.2M9 June 2022
Current rentAED 50K /yr5 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 121, Palm Views East

What is 121 worth today?

Last sold for AED 1,200,000 in 2022

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9 Jun 2022SoldReady
AED 1,200,000AED 2,185 per sqft
5 Oct 2019RentedNew contract
AED 50,000/yr12 months · AED 91 per sqft
10 Dec 2018RentedNew contract
AED 60,000/yr12 months · AED 109 per sqft
25 Jun 2018SoldReady
AED 537,500AED 979 per sqft
10 Mar 2017RentedNew contract
AED 73,500/yr12 months · AED 134 per sqft
13 May 2014Sold by developerOff-plan
AED 1,050,000AED 1,912 per sqft

Source: Dubai Land Department. Updated 9 June 2022.

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 1.2M · June 2022

About 121, Palm Views East

121 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 9 June 2022 for AED 1,200,000, or AED 2,185 per sqft, 22% above the AED 1,787 studios in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 5 October 2019, is AED 50,000 a year: a gross yield of 4.2% on the 2022 price, before the service charge of about AED 14,500 a year.

Sales and rents for 121 over time

Sales
Unit 121, each saleTypical studio in Palm Views East
500K1M1.5M2013201720212025Typical 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, May 2014: AED 1,050,000 (AED 1,912 per sqft)Sold, June 2018: AED 537,500 (AED 979 per sqft)Sold, June 2022: AED 1,200,000 (AED 2,185 per sqft)

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

Rents
Unit 121, 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, March 2017: AED 73,500 a yearNew contract, December 2018: AED 60,000 a yearNew contract, October 2019: AED 50,000 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 121 sits

All 95 studios →

121 last sold in June 2022 at AED 2,185 per sqft, 22% above what studios in Palm Views East were fetching at the time (AED 1,787). 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. 121's AED 50,000 is in the lower 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

121, Palm Views East in numbers

  • Sold 3 times: first on 13 May 2014 for AED 1,050,000, last on 9 June 2022 for AED 1,200,000 (AED 2,185 per sqft).
  • Rented since March 2017 on 3 Ejari contracts, from AED 73,500 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2022 price is 4.2%, 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 9 June 2022.

Questions about 121, Palm Views East

What did unit 121 last sell for?

AED 1,200,000 on 9 June 2022: AED 2,185 per sqft for 549 sqft. The unit has 3 registered sales; the first was AED 1,050,000 in May 2014.

What is the rent for unit 121?

AED 50,000 a year on the contract signed on 5 October 2019. The previous contract, from December 2018, was AED 60,000; the unit has been rented since March 2017.

How big is unit 121?

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

What is unit 121 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 121, Palm Views East

Starts from the last sale price (AED 1.2M, 9 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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