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

409, Palm Views East

Sold prices and rental history: sold twice, last in August 2021, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 3 August 2021
Last soldAED 978K3 August 2021
Current rentAED 53K /yr10 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, Palm Views East

What is 409 worth today?

Last sold for AED 978,000 in 2021

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3 Aug 2021SoldReady
AED 978,000AED 1,933 per sqft
10 Jun 2020RentedNew contract
AED 52,887/yr12 months · AED 105 per sqft
2 Mar 2019RentedRenewal
AED 70,000/yr12 months · AED 138 per sqft
17 Jun 2017RentedNew contract
AED 76,000/yr12 months · AED 150 per sqft
15 Jun 2015Sold by developerOff-plan
AED 1,050,000AED 2,075 per sqft

Source: Dubai Land Department. Updated 3 August 2021.

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 978K · August 2021

About 409, Palm Views East

409 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 3 August 2021 for AED 978,000, or AED 1,933 per sqft, 15% above the AED 1,683 studios in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 10 June 2020, is AED 52,887 a year: a gross yield of 5.4% on the 2021 price, before the service charge of about AED 13,400 a year.

Sales and rents for 409 over time

Sales
Unit 409, 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 2015: AED 1,050,000 (AED 2,075 per sqft)Sold, August 2021: AED 978,000 (AED 1,933 per sqft)

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

Rents
Unit 409, 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, June 2017: AED 76,000 a yearRenewal, March 2019: AED 70,000 a yearNew contract, June 2020: AED 52,887 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 409 sits

All 95 studios →

409 last sold in August 2021 at AED 1,933 per sqft, 15% above what studios in Palm Views East were fetching at the time (AED 1,683). 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. 409's AED 52,887 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

409, Palm Views East in numbers

  • Sold twice: first on 15 June 2015 for AED 1,050,000, last on 3 August 2021 for AED 978,000 (AED 1,933 per sqft).
  • Rented since June 2017 on 3 Ejari contracts, from AED 76,000 to AED 52,887 a year.
  • At AED 52,887 a year the gross yield on the 2021 price is 5.4%, 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 3 August 2021.

Questions about 409, Palm Views East

What did unit 409 last sell for?

AED 978,000 on 3 August 2021: AED 1,933 per sqft for 506 sqft. The unit has 2 registered sales; the first was AED 1,050,000 in June 2015.

What is the rent for unit 409?

AED 52,887 a year on the contract signed on 10 June 2020. The previous contract, from March 2019, was AED 70,000; the unit has been rented since June 2017.

How big is unit 409?

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

What is unit 409 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 409, Palm Views East

Starts from the last sale price (AED 978K, 3 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 978,000
Deposit, UAE resident (20%)
AED 195,600
Deposit, non-resident (40%)
AED 391,200
Monthly over 25 years at 3.7%
AED 4,001

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