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

409, Palm Views West

Sold prices and rental history: sold twice, last in August 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 22 August 2022
Last soldAED 950K22 August 2022
Current rentAED 54K /yr5 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, Palm Views West

What is 409 worth today?

Last sold for AED 950,000 in 2022

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22 Aug 2022SoldReady
AED 950,000AED 1,877 per sqft
5 Sep 2021RentedNew contract
AED 54,000/yr12 months · AED 107 per sqft
11 Aug 2020RentedRenewal
AED 58,000/yr12 months · AED 115 per sqft
11 Aug 2019RentedRenewal
AED 63,000/yr12 months · AED 125 per sqft
11 Aug 2018RentedNew contract
AED 68,000/yr12 months · AED 134 per sqft
1 Nov 2017RentedNew contract
AED 75,000/yr12 months · AED 148 per sqft
7 Jul 2015Sold by developerOff-plan
AED 1,000,000AED 1,976 per sqft
15 Mar 2015RentedNew contract
AED 80,000/yr12 months · AED 158 per sqft

Source: Dubai Land Department. Updated 22 August 2022.

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 950K · August 2022

About 409, Palm Views West

409 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 22 August 2022 for AED 950,000, or AED 1,877 per sqft, 9% above the AED 1,729 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 5 September 2021, is AED 54,000 a year: a gross yield of 5.7% on the 2022 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 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, July 2015: AED 1,000,000 (AED 1,976 per sqft)Sold, August 2022: AED 950,000 (AED 1,877 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 West
60K80K20152018202120242027Typical 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, March 2015: AED 80,000 a yearNew contract, November 2017: AED 75,000 a yearNew contract, August 2018: AED 68,000 a yearRenewal, August 2019: AED 63,000 a yearRenewal, August 2020: AED 58,000 a yearNew contract, September 2021: AED 54,000 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 409 sits

All 94 studios →

409 last sold in August 2022 at AED 1,877 per sqft, 9% above what studios in Palm Views West were fetching at the time (AED 1,729). 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. 409's AED 54,000 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
402StudioAED 1.44M · Aug 2024
403StudioAED 1.2M · Nov 2015
404StudioAED 1.5M · May 2025
405StudioAED 1M · Oct 2013
406StudioAED 1.46M · Feb 2025
407StudioAED 1.17M · Aug 2017
1–7 of 23

409, Palm Views West in numbers

  • Sold twice: first on 7 July 2015 for AED 1,000,000, last on 22 August 2022 for AED 950,000 (AED 1,877 per sqft).
  • Rented since March 2015 on 6 Ejari contracts, from AED 80,000 to AED 54,000 a year.
  • At AED 54,000 a year the gross yield on the 2022 price is 5.7%, 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 22 August 2022.

Questions about 409, Palm Views West

What did unit 409 last sell for?

AED 950,000 on 22 August 2022: AED 1,877 per sqft for 506 sqft. The unit has 2 registered sales; the first was AED 1,000,000 in July 2015.

What is the rent for unit 409?

AED 54,000 a year on the contract signed on 5 September 2021. The previous contract, from August 2020, was AED 58,000; the unit has been rented since March 2015.

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 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 409, Palm Views West

Starts from the last sale price (AED 950K, 22 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

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