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

402, Palm Views West

Sold prices and rental history: sold 4 times, last in August 2024, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 23 August 2024
Last soldAED 1.44M23 August 2024
Current rentAED 65K /yr10 September 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Palm Views West

What is 402 worth today?

Last sold for AED 1,440,000 in 2024

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23 Aug 2024SoldReady
AED 1,440,000AED 2,846 per sqft
14 Sep 2022SoldReady
AED 1,100,000AED 2,174 per sqft
13 Mar 2019SoldReady
AED 790,000AED 1,561 per sqft
10 Sep 2018RentedNew contract
AED 65,000/yr12 months · AED 128 per sqft
1 Aug 2017RentedNew contract
AED 85,000/yr12 months · AED 168 per sqft
13 Nov 2014Sold by developerOff-plan
AED 1,050,000AED 2,075 per sqft

Source: Dubai Land Department. Updated 23 August 2024.

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 1.44M · August 2024

About 402, Palm Views West

402 is a studio of 506 sqft on the 4th floor of Palm Views West, a 4-storey tower in Palm Jumeirah completed in 2014 by The Palm - Jumeirah Co. It last sold on 23 August 2024 for AED 1,440,000, or AED 2,846 per sqft, 14% above the AED 2,505 studios in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 10 September 2018, is AED 65,000 a year: a gross yield of 4.5% on the 2024 price, before the service charge of about AED 13,400 a year.

Sales and rents for 402 over time

Sales
Unit 402, 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, November 2014: AED 1,050,000 (AED 2,075 per sqft)Sold, March 2019: AED 790,000 (AED 1,561 per sqft)Sold, September 2022: AED 1,100,000 (AED 2,174 per sqft)Sold, August 2024: AED 1,440,000 (AED 2,846 per sqft)

402 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 402, 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, August 2017: AED 85,000 a yearNew contract, September 2018: 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 West, and where 402 sits

All 94 studios →

402 last sold in August 2024 at AED 2,846 per sqft, 14% above what studios in Palm Views West were fetching at the time (AED 2,505). 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. 402's AED 65,000 is in the lower 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 4th floor

All 95 units in Palm Views West
Value
401StudioAED 1.2M · Nov 2022
403StudioAED 1.2M · Nov 2015
404StudioAED 1.5M · May 2025
405StudioAED 1M · Oct 2013
406StudioAED 1.46M · Feb 2025
407StudioAED 1.17M · Aug 2017
408StudioAED 1.29M · Apr 2015
1–7 of 23

402, Palm Views West in numbers

  • Sold 4 times: first on 13 November 2014 for AED 1,050,000, last on 23 August 2024 for AED 1,440,000 (AED 2,846 per sqft).
  • Rented since August 2017 on 2 Ejari contracts, from AED 85,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2024 price is 4.5%, before a service charge of about AED 13,400 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 23 August 2024.

Questions about 402, Palm Views West

What did unit 402 last sell for?

AED 1,440,000 on 23 August 2024: AED 2,846 per sqft for 506 sqft. The unit has 4 registered sales; the first was AED 1,050,000 in November 2014.

What is the rent for unit 402?

AED 65,000 a year on the contract signed on 10 September 2018. The previous contract, from August 2017, was AED 85,000.

How big is unit 402?

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

What is unit 402 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 402, Palm Views West

Starts from the last sale price (AED 1.44M, 23 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,440,000
Deposit, UAE resident (20%)
AED 288,000
Deposit, non-resident (40%)
AED 576,000
Monthly over 25 years at 3.7%
AED 5,891

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