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Studio · 548 sqftPalm Views West, Palm Jumeirah · 1st floor · completed 2014

123, Palm Views West

Sold prices and rental history: sold once, by the developer in April 2017, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 123 · DLD and Ejari recordsUpdated 15 November 2023
Last soldAED 1.1M3 April 2017
Current rentAED 90K /yr15 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 123, Palm Views West

What is 123 worth today?

Last sold for AED 1,100,000 in 2017

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15 Nov 2023RentedNew contract
AED 89,751/yr12 months · AED 164 per sqft
22 Sep 2017RentedNew contract
AED 78,750/yr12 months · AED 143 per sqft
3 Apr 2017Sold by developerReady
AED 1,100,000AED 2,006 per sqft

Source: Dubai Land Department. Updated 15 November 2023.

Key facts

Type
Studio apartment
Size
548 sqft
Floor
1st of 4
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2014
Service charge
AED 14,600 /yr
Last sold
AED 1.1M · April 2017
Building
Palm Views West

About 123, Palm Views West

123 is a studio of 548 sqft on the 1st floor of Palm Views West, a 4-storey tower in Palm Jumeirah completed in 2014 by The Palm - Jumeirah Co. The developer sold it on 3 April 2017 for AED 1,100,000, or AED 2,006 per sqft, in line with the AED 1,982 studios in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 15 November 2023, is AED 89,751 a year: a gross yield of 8.2% on the 2017 price, before the service charge of about AED 14,600 a year.

Sales and rents for 123 over time

Sales
Unit 123, each saleTypical studio in Palm Views West
500K1M1.5M2013201720212025Typical sale price by year: 2013 AED 1,050,000; 2014 AED 1,050,000; 2015 AED 1,000,000; 2016 AED 1,100,000; 2017 AED 1,177,500; 2018 AED 950,000; 2020 AED 645,000; 2021 AED 887,500; 2022 AED 965,000; 2023 AED 1,287,500; 2024 AED 1,440,000; 2025 AED 1,477,500; 2026 AED 1,275,000Sold by developer, April 2017: AED 1,100,000 (AED 2,006 per sqft)

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

Rents
Unit 123, each contractTypical studio in Palm Views West
60K80K2016201920222025Typical rent by year: 2016 AED 80,000; 2017 AED 75,600; 2018 AED 70,000; 2019 AED 63,000; 2020 AED 55,000; 2021 AED 55,000; 2022 AED 65,000; 2023 AED 80,000; 2024 AED 80,000; 2025 AED 85,000; 2026 AED 80,000New contract, September 2017: AED 78,750 a yearNew contract, November 2023: AED 89,751 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 West, and where 123 sits

All 94 studios →

123 last sold in April 2017 at AED 2,006 per sqft, in line with what studios in Palm Views West were fetching at the time (AED 1,982). Over the last 12 months studios sold for AED 1,250,000 to 1,600,000, around AED 2,350 per sqft, and rent for AED 35,000 to 120,000 a year. 123's AED 89,751 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
29 Aug 20261,300,000
7 May 20261,250,000
29 Apr 20261,550,000
23 Apr 20261,250,000
6 studio sales in the last 12 months

Palm Views West

Building

95 apartments, studios to 1-bed over 4 floors in Palm Jumeirah, completed in 2014 by The Palm - Jumeirah Co. 7 sold in the last 12 months.

Typical price per sqft
AED 2,351
Typical sale
AED 1.3M
Typical rent
AED 85K /yr
Typical yield
6.6%
Palm Views West, Palm Jumeirah: prices, sales and rents →

Other units on the 1st floor

All 95 units in Palm Views West
Value
101StudioAED 1.1M · Oct 2013
102StudioAED 1.25M · May 2026
103StudioAED 1.47M · Nov 2024
104StudioAED 1.39M · Jun 2014
105StudioAED 645K · Jan 2025
106StudioAED 1.1M · Jul 2015
107StudioAED 1.38M · May 2024
1–7 of 23

123, Palm Views West in numbers

  • Sold once: by The Palm - Jumeirah Co on 3 April 2017 for AED 1,100,000, or AED 2,006 per sqft.
  • Rented since September 2017 on 2 Ejari contracts, from AED 78,750 to AED 89,751 a year.
  • At AED 89,751 a year the gross yield on the 2017 price is 8.2%, before a service charge of about AED 14,600 a year (AED 26.58 per sqft).
  • Studios in Palm Views West sold for AED 1,250,000–1,600,000 in the 12 months to November 2026; the building's median across all types is AED 2,351 per sqft.

Source: Dubai Land Department. Updated 15 November 2023.

Questions about 123, Palm Views West

What did unit 123 last sell for?

AED 1,100,000 on 3 April 2017, sold by the developer: AED 2,006 per sqft for 548 sqft. It is the only registered sale of the unit.

What is the rent for unit 123?

AED 89,751 a year on the contract signed on 15 November 2023. The previous contract, from September 2017, was AED 78,750.

How big is unit 123?

548 sqft (50.9 sqm): a studio on the 1st floor of a 4-storey tower completed in 2014.

What is unit 123 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Palm Views West sold for AED 1,250,000 to 1,600,000 in the last 12 months, around AED 2,350 per sqft.

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Mortgage on 123, Palm Views West

Starts from the last sale price (AED 1.1M, 3 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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