Studio · 505 sqftPalm Views East, Palm Jumeirah · 4th floor · completed 2014

408, Palm Views East

Sold prices and rental history: sold twice, last in May 2015, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 1.17M6 May 2015
Current rentAED 68K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, Palm Views East

What is 408 worth today?

Last sold for AED 1,170,000 in 2015

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1 Oct 2024RentedRenewal
AED 67,500/yr12 months · AED 133 per sqft
1 Oct 2024RentedRenewal
AED 67,500/yr12 months · AED 133 per sqft
1 Oct 2023RentedNew contract
AED 67,500/yr12 months · AED 133 per sqft
10 Jun 2022RentedRenewal
AED 57,000/yr12 months · AED 113 per sqft
10 Jun 2021RentedNew contract
AED 50,000/yr12 months · AED 99 per sqft
22 Mar 2020RentedNew contract
AED 47,000/yr12 months · AED 93 per sqft
6 May 2015SoldOff-plan
AED 1,170,000AED 2,316 per sqft
7 Apr 2015Sold by developerOff-plan
AED 1,050,000AED 2,079 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
Studio apartment
Size
505 sqft
Floor
4th of 4
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2014
Service charge
AED 13,400 /yr
Last sold
AED 1.17M · May 2015

About 408, Palm Views East

408 is a studio of 505 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 6 May 2015 for AED 1,170,000, or AED 2,316 per sqft, 19% above the AED 1,946 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 67,500 a year: a gross yield of 5.8% on the 2015 price, before the service charge of about AED 13,400 a year.

Sales and rents for 408 over time

Sales
Unit 408, 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, April 2015: AED 1,050,000 (AED 2,079 per sqft)Sold, May 2015: AED 1,170,000 (AED 2,316 per sqft)

408 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 408, 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, March 2020: AED 47,000 a yearNew contract, June 2021: AED 50,000 a yearRenewal, June 2022: AED 57,000 a yearNew contract, October 2023: AED 67,500 a yearRenewal, October 2024: AED 67,500 a yearRenewal, October 2024: AED 67,500 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 408 sits

All 95 studios →

408 last sold in May 2015 at AED 2,316 per sqft, 19% above what studios in Palm Views East were fetching at the time (AED 1,946). 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. 408's AED 67,500 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
401StudioAED 1.15M · Oct 2015
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
1–7 of 23

408, Palm Views East in numbers

  • Sold twice: first on 7 April 2015 for AED 1,050,000, last on 6 May 2015 for AED 1,170,000 (AED 2,316 per sqft).
  • Rented since March 2020 on 6 Ejari contracts, from AED 47,000 to AED 67,500 a year.
  • At AED 67,500 a year the gross yield on the 2015 price is 5.8%, 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 1 October 2024.

Questions about 408, Palm Views East

What did unit 408 last sell for?

AED 1,170,000 on 6 May 2015: AED 2,316 per sqft for 505 sqft. The unit has 2 registered sales; the first was AED 1,050,000 in April 2015.

What is the rent for unit 408?

AED 67,500 a year on the contract renewed on 1 October 2024. The previous contract, from October 2024, was AED 67,500; the unit has been rented since March 2020.

How big is unit 408?

505 sqft (46.9 sqm): a studio on the 4th floor of a 4-storey tower completed in 2014.

What is unit 408 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 408, Palm Views East

Starts from the last sale price (AED 1.17M, 6 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,170,000
Deposit, UAE resident (20%)
AED 234,000
Deposit, non-resident (40%)
AED 468,000
Monthly over 25 years at 3.7%
AED 4,787

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