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

422, Palm Views East

Sold prices and rental history: sold 3 times, last in July 2017, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 422 · DLD and Ejari recordsUpdated 5 June 2020
Last soldAED 1.2M27 July 2017
Current rentAED 53K /yr5 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 422, Palm Views East

What is 422 worth today?

Last sold for AED 1,200,000 in 2017

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5 Jun 2020RentedNew contract
AED 53,000/yr12 months · AED 105 per sqft
5 Feb 2018RentedNew contract
AED 74,000/yr12 months · AED 146 per sqft
27 Jul 2017SoldReady
AED 1,200,000AED 2,371 per sqft
16 May 2016SoldOff-plan
AED 1,050,000AED 2,075 per sqft
16 Jun 2015Sold by developerOff-plan
AED 1,050,000AED 2,075 per sqft

Source: Dubai Land Department. Updated 5 June 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 1.2M · July 2017
Building
Palm Views East

About 422, Palm Views East

422 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 27 July 2017 for AED 1,200,000, or AED 2,371 per sqft, 11% above the AED 2,134 studios in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 5 June 2020, is AED 53,000 a year: a gross yield of 4.4% on the 2017 price, before the service charge of about AED 13,400 a year.

Sales and rents for 422 over time

Sales
Unit 422, 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, May 2016: AED 1,050,000 (AED 2,075 per sqft)Sold, July 2017: AED 1,200,000 (AED 2,371 per sqft)

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

Rents
Unit 422, 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 2018: AED 74,000 a yearNew contract, June 2020: AED 53,000 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 422 sits

All 95 studios →

422 last sold in July 2017 at AED 2,371 per sqft, 11% above what studios in Palm Views East were fetching at the time (AED 2,134). 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. 422's AED 53,000 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
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

422, Palm Views East in numbers

  • Sold 3 times: first on 16 June 2015 for AED 1,050,000, last on 27 July 2017 for AED 1,200,000 (AED 2,371 per sqft).
  • Rented since February 2018 on 2 Ejari contracts, from AED 74,000 to AED 53,000 a year.
  • At AED 53,000 a year the gross yield on the 2017 price is 4.4%, 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 5 June 2020.

Questions about 422, Palm Views East

What did unit 422 last sell for?

AED 1,200,000 on 27 July 2017: AED 2,371 per sqft for 506 sqft. The unit has 3 registered sales; the first was AED 1,050,000 in June 2015.

What is the rent for unit 422?

AED 53,000 a year on the contract signed on 5 June 2020. The previous contract, from February 2018, was AED 74,000.

How big is unit 422?

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

What is unit 422 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 422, Palm Views East

Starts from the last sale price (AED 1.2M, 27 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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