Studio · 506 sqftPalm Views East, Palm Jumeirah · 4th floor · completed 2014

401, Palm Views East

Sold prices and rental history: sold 3 times, last in October 2015, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 23 February 2020
Last soldAED 1.15M7 October 2015
Current rentAED 65K /yr23 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, Palm Views East

What is 401 worth today?

Last sold for AED 1,150,000 in 2015

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23 Feb 2020RentedNew contract
AED 65,000/yr12 months · AED 128 per sqft
21 Feb 2019RentedNew contract
AED 62,000/yr12 months · AED 123 per sqft
7 Oct 2015SoldOff-plan
AED 1,150,000AED 2,273 per sqft
17 Jun 2015SoldOff-plan
AED 1,000,000AED 1,976 per sqft
29 Jun 2014Sold by developerOff-plan
AED 1,102,500AED 2,179 per sqft

Source: Dubai Land Department. Updated 23 February 2020.

Key facts

Type
Studio apartment
Size
506 sqft
Floor
4th of 4
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2014
Service charge
AED 13,400 /yr
Last sold
AED 1.15M · October 2015

About 401, Palm Views East

401 is a studio of 506 sqft on the 4th floor of Palm Views East, a 4-storey tower in Palm Jumeirah completed in 2014 by The Palm - Jumeirah Co. It last sold on 7 October 2015 for AED 1,150,000, or AED 2,273 per sqft, 15% above the AED 1,980 studios in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 23 February 2020, is AED 65,000 a year: a gross yield of 5.7% on the 2015 price, before the service charge of about AED 13,400 a year.

Sales and rents for 401 over time

Sales
Unit 401, 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, June 2014: AED 1,102,500 (AED 2,179 per sqft)Sold, June 2015: AED 1,000,000 (AED 1,976 per sqft)Sold, October 2015: AED 1,150,000 (AED 2,273 per sqft)

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

Rents
Unit 401, 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, February 2019: AED 62,000 a yearNew contract, February 2020: AED 65,000 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 401 sits

All 95 studios →

401 last sold in October 2015 at AED 2,273 per sqft, 15% above what studios in Palm Views East were fetching at the time (AED 1,980). 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. 401's AED 65,000 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 4th floor

All 95 units in Palm Views East
Value
402StudioAED 1.2M · May 2023
403StudioAED 750K · Mar 2019
404StudioAED 750K · Mar 2019
405StudioAED 1.05M · Nov 2014
406StudioAED 1.1M · Jan 2016
407StudioAED 850K · Mar 2021
408StudioAED 1.17M · May 2015
1–7 of 23

401, Palm Views East in numbers

  • Sold 3 times: first on 29 June 2014 for AED 1,102,500, last on 7 October 2015 for AED 1,150,000 (AED 2,273 per sqft).
  • Rented since February 2019 on 2 Ejari contracts, from AED 62,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2015 price is 5.7%, before a service charge of about AED 13,400 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 23 February 2020.

Questions about 401, Palm Views East

What did unit 401 last sell for?

AED 1,150,000 on 7 October 2015: AED 2,273 per sqft for 506 sqft. The unit has 3 registered sales; the first was AED 1,102,500 in June 2014.

What is the rent for unit 401?

AED 65,000 a year on the contract signed on 23 February 2020. The previous contract, from February 2019, was AED 62,000.

How big is unit 401?

506 sqft (47.0 sqm): a studio on the 4th floor of a 4-storey tower completed in 2014.

What is unit 401 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 401, Palm Views East

Starts from the last sale price (AED 1.15M, 7 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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