Studio · 549 sqftPalm Views East, Palm Jumeirah · 3rd floor · completed 2014

309, Palm Views East

Sold prices and rental history: sold once, by the developer in December 2015, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 309 · DLD and Ejari recordsUpdated 1 October 2022
Last soldAED 1M6 December 2015
Current rentAED 70K /yr1 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 309, Palm Views East

What is 309 worth today?

Last sold for AED 1,000,000 in 2015

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1 Oct 2022RentedNew contract
AED 70,000/yr12 months · AED 128 per sqft
10 Jul 2021RentedNew contract
AED 45,000/yr12 months · AED 82 per sqft
20 Sep 2020RentedNew contract
AED 44,000/yr12 months · AED 80 per sqft
10 Sep 2019RentedRenewal
AED 62,000/yr12 months · AED 113 per sqft
10 Sep 2018RentedNew contract
AED 65,000/yr12 months · AED 118 per sqft
20 Jul 2017RentedNew contract
AED 67,000/yr12 months · AED 122 per sqft
12 May 2016RentedNew contract
AED 78,500/yr12 months · AED 143 per sqft
6 Dec 2015Sold by developerOff-plan
AED 1,000,000AED 1,821 per sqft

Source: Dubai Land Department. Updated 1 October 2022.

Key facts

Type
Studio apartment
Size
549 sqft
Floor
3rd of 4
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2014
Service charge
AED 14,500 /yr
Last sold
AED 1M · December 2015

About 309, Palm Views East

309 is a studio of 549 sqft on the 3rd floor of Palm Views East, a 4-storey tower in Palm Jumeirah completed in 2014 by The Palm - Jumeirah Co. The developer sold it on 6 December 2015 for AED 1,000,000, or AED 1,821 per sqft, 8% below the AED 1,985 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 1 October 2022, is AED 70,000 a year: a gross yield of 7.0% on the 2015 price, before the service charge of about AED 14,500 a year.

Sales and rents for 309 over time

Sales
Unit 309, 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, December 2015: AED 1,000,000 (AED 1,821 per sqft)

309 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 309, each contractTypical studio in Palm Views East
40K60K80K2016201920222025Typical 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, May 2016: AED 78,500 a yearNew contract, July 2017: AED 67,000 a yearNew contract, September 2018: AED 65,000 a yearRenewal, September 2019: AED 62,000 a yearNew contract, September 2020: AED 44,000 a yearNew contract, July 2021: AED 45,000 a yearNew contract, October 2022: AED 70,000 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 309 sits

All 95 studios →

309 last sold in December 2015 at AED 1,821 per sqft, 8% below what studios in Palm Views East were fetching at the time (AED 1,985). 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. 309's AED 70,000 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 3rd floor

All 95 units in Palm Views East
Value
301StudioAED 1.5M · Aug 2025
302StudioAED 1M · Mar 2018
303StudioAED 1.15M · Jun 2016
304StudioAED 1.05M · Feb 2015
305StudioAED 1M · Oct 2013
306StudioAED 1.33M · Sep 2014
307StudioAED 1M · Oct 2013
1–7 of 23

309, Palm Views East in numbers

  • Sold once: by The Palm - Jumeirah Co on 6 December 2015 for AED 1,000,000, or AED 1,821 per sqft.
  • Rented since May 2016 on 7 Ejari contracts. The rent fell from AED 78,500 to AED 44,000 in 2020 and recovered to AED 70,000 by October 2022.
  • At AED 70,000 a year the gross yield on the 2015 price is 7.0%, 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 October 2022.

Questions about 309, Palm Views East

What did unit 309 last sell for?

AED 1,000,000 on 6 December 2015, sold by the developer: AED 1,821 per sqft for 549 sqft. It is the only registered sale of the unit.

What is the rent for unit 309?

AED 70,000 a year on the contract signed on 1 October 2022. The previous contract, from July 2021, was AED 45,000; the unit has been rented since May 2016.

How big is unit 309?

549 sqft (51.0 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2014.

What is unit 309 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 309, Palm Views East

Starts from the last sale price (AED 1M, 6 December 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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