502, Palme Couture
Sold prices and rental history: sold twice, last in April 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Palme Couture
What is 502 worth today?
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Source: Dubai Land Department. Updated 1 August 2021.
Key facts
- Type
- 3-bed apartment
- Size
- 4,757 sqft
- Floor
- 5th of 8
- Parking
- B-21, B-22, B-23
- Developer
- Innovate Development
- Completed
- 2015
- Service charge
- AED 201,300 /yr
- Last sold
- AED 20.75M · April 2021
- Building
- Palme Couture
About 502, Palme Couture
502 is a three-bedroom apartment of 4,757 sqft on the 5th floor of Palme Couture, a 8-storey tower in Palm Jumeirah completed in 2015 by Innovate Development . It last sold on 12 April 2021 for AED 20,750,000, or AED 4,362 per sqft, 13% above the AED 3,857 three-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 1 August 2021, is AED 250,000 a year: a gross yield of 1.2% on the 2021 price, before the service charge of about AED 201,300 a year.
Sales and rents for 502 over time
502 has sold twice; the dashed line is the three-bed median of each year in the building.
3-beds in Palme Couture, and where 502 sits
All 8 3-beds →502 last sold in April 2021 at AED 4,362 per sqft, 13% above what three-beds in Palme Couture were fetching at the time (AED 3,857).
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Jul 202221 July 2022 | 4,937 sqft | 35,000,000 | 7,089 | ||
| 24 Jan 202224 January 2022 | 4,774 sqft | 24,000,000 | 5,027 | ||
| 28 Jul 202128 July 2021 | 4,323 sqft | 23,000,000 | 5,320 | ||
| 24 May 202124 May 2021 | 4,777 sqft | 20,000,000 | 4,187 |
Palme Couture
Building15 apartments, 3-bed to 5-bed over 8 floors in Palm Jumeirah, completed in 2015 by Innovate Development . No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- Few contracts
- Typical yield
Other units on the 5th floor
All 15 units in Palme Couture| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 3-bed | 4,777 sqft | AED 20MAED 20,000,000 · May 2021May 2021 | 250,000 /yr |
502, Palme Couture in numbers
- Sold twice: first on 3 February 2020 for AED 17,000,000, last on 12 April 2021 for AED 20,750,000 (AED 4,362 per sqft).
- Rented since November 2019 on 3 Ejari contracts, at AED 250,000 a year.
- At AED 250,000 a year the gross yield on the 2021 price is 1.2%, before a service charge of about AED 201,300 a year (AED 42.33 per sqft).
Source: Dubai Land Department. Updated 1 August 2021.
Questions about 502, Palme Couture
What did unit 502 last sell for?
AED 20,750,000 on 12 April 2021: AED 4,362 per sqft for 4,757 sqft. The unit has 2 registered sales; the first was AED 17,000,000 in February 2020.
What is the rent for unit 502?
AED 250,000 a year on the contract signed on 1 August 2021. The previous contract, from June 2021, was AED 500,000; the unit has been rented since November 2019.
How big is unit 502?
4,757 sqft (441.9 sqm): a three-bedroom apartment on the 5th floor of a 8-storey tower completed in 2015.
What is unit 502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 502, Palme Couture
Starts from the last sale price (AED 20.75M, 12 April 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 20,750,000
- Deposit, UAE resident (20%)
- AED 4,150,000
- Deposit, non-resident (40%)
- AED 8,300,000
- Monthly over 25 years at 3.7%
- AED 84,895
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →