701, Palme Couture
Sold prices and rental history: sold once, by the developer in January 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Palme Couture
What is 701 worth today?
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Source: Dubai Land Department. Updated 24 January 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 4,774 sqft
- Floor
- 7th of 8
- Parking
- B-27, B-28, B-29
- Developer
- Innovate Development
- Completed
- 2015
- Service charge
- AED 202,100 /yr
- Last sold
- AED 24M · January 2022
- Building
- Palme Couture
About 701, Palme Couture
701 is a three-bedroom apartment of 4,774 sqft on the 7th floor of Palme Couture, a 8-storey tower in Palm Jumeirah completed in 2015 by Innovate Development . The developer sold it on 24 January 2022 for AED 24,000,000, or AED 5,027 per sqft, 18% above the AED 4,275 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 701 over time
701 has sold once; the dashed line is the three-bed median of each year in the building.
3-beds in Palme Couture, and where 701 sits
All 8 3-beds →701 last sold in January 2022 at AED 5,027 per sqft, 18% above what three-beds in Palme Couture were fetching at the time (AED 4,275).
| 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 | ||
| 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 | ||
| 12 Apr 202112 April 2021 | 4,757 sqft | 20,750,000 | 4,362 |
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 7th floor
All 15 units in Palme Couture| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 3-bed | 4,754 sqft | No registered sale |
701, Palme Couture in numbers
- Sold once: by Innovate Development on 24 January 2022 for AED 24,000,000, or AED 5,027 per sqft.
Source: Dubai Land Department. Updated 24 January 2022.
Questions about 701, Palme Couture
What did unit 701 last sell for?
AED 24,000,000 on 24 January 2022, sold by the developer: AED 5,027 per sqft for 4,774 sqft. It is the only registered sale of the unit.
How big is unit 701?
4,774 sqft (443.5 sqm): a three-bedroom apartment on the 7th floor of a 8-storey tower completed in 2015.
What is unit 701 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 701? Put it on the OpenOffers board
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Mortgage on 701, Palme Couture
Starts from the last sale price (AED 24M, 24 January 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 24,000,000
- Deposit, UAE resident (20%)
- AED 4,800,000
- Deposit, non-resident (40%)
- AED 9,600,000
- Monthly over 25 years at 3.7%
- AED 98,191
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →