2-bed · 1,621 sqftSerenia Residences North (A), Palm Jumeirah · 3rd floor · completed 2017

A302, Serenia Residences North (A)

Sold prices and rental history: sold twice, last in September 2022, and rented once, from September 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A302 · DLD and Ejari recordsUpdated 12 September 2022
Last soldAED 5.8M12 September 2022
Current rentAED 260K /yr1 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A302, Serenia Residences North (A)

What is A302 worth today?

Last sold for AED 5,800,000 in 2022

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12 Sep 2022SoldReady
AED 5,800,000AED 3,577 per sqft
1 Sep 2021RentedNew contract
AED 260,000/yr12 months · AED 160 per sqft
10 May 2021Sold by developerReady
AED 3,700,000AED 2,282 per sqft

Source: Dubai Land Department. Updated 12 September 2022.

Key facts

Type
2-bed apartment
Size
1,621 sqft
Floor
3rd of 9
Parking
B-239 , B-240
Developer
Palma Homes Real Estate Development
Completed
2017
Service charge
AED 46,400 /yr
Last sold
AED 5.8M · September 2022

About A302, Serenia Residences North (A)

A302 is a two-bedroom apartment of 1,621 sqft on the 3rd floor of Serenia Residences North (A), a 9-storey tower in Palm Jumeirah completed in 2017 by Palma Homes Real Estate Development . It last sold on 12 September 2022 for AED 5,800,000, or AED 3,577 per sqft, 18% above the AED 3,030 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 September 2021. The current contract, signed on 1 September 2021, is AED 260,000 a year: a gross yield of 4.5% on the 2022 price, before the service charge of about AED 46,400 a year.

Sales and rents for A302 over time

Sales
Unit A302, each saleTypical two-bed in Serenia Residences North (A)
4M6M2015201820212024Typical sale price by year: 2015 AED 4,050,000; 2018 AED 3,561,360; 2020 AED 3,500,000; 2021 AED 4,200,000; 2022 AED 4,850,000; 2023 AED 6,300,000; 2024 AED 6,400,000Sold by developer, May 2021: AED 3,700,000 (AED 2,282 per sqft)Sold, September 2022: AED 5,800,000 (AED 3,577 per sqft)

A302 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit A302, each contractTypical two-bed in Serenia Residences North (A)
200K300K2018202120242027Typical rent by year: 2018 AED 182,500; 2019 AED 192,955; 2020 AED 180,000; 2021 AED 199,000; 2022 AED 210,000; 2023 AED 220,000; 2024 AED 310,000; 2025 AED 319,000; 2026 AED 259,500New contract, September 2021: AED 260,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Serenia Residences North (A), and where A302 sits

All 45 2-beds →

A302 last sold in September 2022 at AED 3,577 per sqft, 18% above what two-beds in Serenia Residences North (A) were fetching at the time (AED 3,030). Over the last 12 months two-beds sold for AED 5,150,000, around AED 3,859 per sqft, and rent for AED 229,363 to 380,000 a year. A302's AED 260,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Jun 20265,150,000
30 Jan 20255,450,000
16 Dec 20246,800,000
11 Jun 20247,500,000
1 2-bed sale in the last 12 months

Serenia Residences North (A)

Building

108 apartments, 1-bed to 4-bed over 9 floors in Palm Jumeirah, completed in 2017 by Palma Homes Real Estate Development . 5 sold in the last 12 months.

Typical price per sqft
AED 2,829
Typical sale
AED 3.4M
Typical rent
AED 200K /yr
Typical yield
6.0%
Serenia Residences North (A), Palm Jumeirah: prices, sales and rents →
Value
A3011-bedAED 2.35M · Aug 2022
A3033-bedAED 8.2M · Nov 2021
A3041-bedAED 2.17M · Jul 2015
A3051-bedAED 1.75M · Oct 2019
A3062-bedAED 3.71M · Jul 2015
A3072-bedAED 3.36M · Jun 2015
A3081-bedAED 2.93M · Feb 2023
1–7 of 13

A302, Serenia Residences North (A) in numbers

  • Sold twice: first on 10 May 2021 for AED 3,700,000, last on 12 September 2022 for AED 5,800,000 (AED 3,577 per sqft).
  • Rented since September 2021 on one Ejari contract, at AED 260,000 a year.
  • At AED 260,000 a year the gross yield on the 2022 price is 4.5%, before a service charge of about AED 46,400 a year (AED 28.61 per sqft).
  • Two-beds in Serenia Residences North (A) sold for AED 5,150,000–5,150,000 in the 12 months to November 2026; the building's median across all types is AED 2,829 per sqft.

Source: Dubai Land Department. Updated 12 September 2022.

Questions about A302, Serenia Residences North (A)

What did unit A302 last sell for?

AED 5,800,000 on 12 September 2022: AED 3,577 per sqft for 1,621 sqft. The unit has 2 registered sales; the first was AED 3,700,000 in May 2021.

What is the rent for unit A302?

AED 260,000 a year on the contract signed on 1 September 2021.

How big is unit A302?

1,621 sqft (150.6 sqm): a two-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2017.

What is unit A302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Serenia Residences North (A) sold for AED 5,150,000 to 5,150,000 in the last 12 months, around AED 3,859 per sqft.

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Mortgage on A302, Serenia Residences North (A)

Starts from the last sale price (AED 5.8M, 12 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 5,800,000
Deposit, UAE resident (20%)
AED 1,160,000
Deposit, non-resident (40%)
AED 2,320,000
Monthly over 25 years at 3.7%
AED 23,730

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