Studio · 549 sqftPalm Views East, Palm Jumeirah · 2nd floor · completed 2014

221, Palm Views East

Sold prices and rental history: sold 3 times, last in March 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 221 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 1.35M8 March 2024
Current rentAED 77K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 221, Palm Views East

What is 221 worth today?

Last sold for AED 1,350,000 in 2024

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1 Apr 2024RentedNew contract
AED 77,000/yr12 months · AED 140 per sqft
8 Mar 2024SoldReady
AED 1,350,000AED 2,459 per sqft
1 Jun 2022RentedRenewal
AED 52,500/yr12 months · AED 96 per sqft
1 Jun 2021RentedNew contract
AED 52,500/yr12 months · AED 96 per sqft
15 Apr 2019RentedNew contract
AED 80,000/yr12 months · AED 146 per sqft
22 Nov 2015SoldOff-plan
AED 1,200,000AED 2,185 per sqft
12 Nov 2014Sold by developerOff-plan
AED 1,050,000AED 1,912 per sqft

Source: Dubai Land Department. Updated 1 April 2024.

Key facts

Type
Studio apartment
Size
549 sqft
Floor
2nd of 4
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2014
Service charge
AED 14,500 /yr
Last sold
AED 1.35M · March 2024

About 221, Palm Views East

221 is a studio of 549 sqft on the 2nd floor of Palm Views East, a 4-storey tower in Palm Jumeirah completed in 2014 by The Palm - Jumeirah Co. It last sold on 8 March 2024 for AED 1,350,000, or AED 2,459 per sqft, 8% above the AED 2,270 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 1 April 2024, is AED 77,000 a year: a gross yield of 5.7% on the 2024 price, before the service charge of about AED 14,500 a year.

Sales and rents for 221 over time

Sales
Unit 221, 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, November 2014: AED 1,050,000 (AED 1,912 per sqft)Sold, November 2015: AED 1,200,000 (AED 2,185 per sqft)Sold, March 2024: AED 1,350,000 (AED 2,459 per sqft)

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

Rents
Unit 221, 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, April 2019: AED 80,000 a yearNew contract, June 2021: AED 52,500 a yearRenewal, June 2022: AED 52,500 a yearNew contract, April 2024: AED 77,000 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 221 sits

All 95 studios →

221 last sold in March 2024 at AED 2,459 per sqft, 8% above what studios in Palm Views East were fetching at the time (AED 2,270). 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. 221's AED 77,000 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 2nd floor

All 95 units in Palm Views East
Value
201StudioAED 1.41M · Nov 2024
202StudioAED 1.2M · Apr 2023
203StudioAED 1.1M · Sep 2015
204StudioAED 1.28M · Mar 2015
205StudioAED 1.53M · Oct 2025
206StudioAED 1.2M · Aug 2016
207StudioAED 1.33M · May 2023
1–7 of 23

221, Palm Views East in numbers

  • Sold 3 times: first on 12 November 2014 for AED 1,050,000, last on 8 March 2024 for AED 1,350,000 (AED 2,459 per sqft).
  • Rented since April 2019 on 4 Ejari contracts. The rent fell from AED 80,000 to AED 52,500 in 2022 and recovered to AED 77,000 by April 2024.
  • At AED 77,000 a year the gross yield on the 2024 price is 5.7%, 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 1 April 2024.

Questions about 221, Palm Views East

What did unit 221 last sell for?

AED 1,350,000 on 8 March 2024: AED 2,459 per sqft for 549 sqft. The unit has 3 registered sales; the first was AED 1,050,000 in November 2014.

What is the rent for unit 221?

AED 77,000 a year on the contract signed on 1 April 2024. The previous contract, from June 2022, was AED 52,500; the unit has been rented since April 2019.

How big is unit 221?

549 sqft (51.0 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2014.

What is unit 221 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 221, Palm Views East

Starts from the last sale price (AED 1.35M, 8 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

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