1-bed · 1,071 sqftSerenia Residences North (A), Palm Jumeirah · 3rd floor · completed 2017

A305, Serenia Residences North (A)

Sold prices and rental history: sold twice, last in October 2019, and rented once, from August 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A305 · DLD and Ejari recordsUpdated 13 October 2019
Last soldAED 1.75M13 October 2019
Current rentAED 115K /yr15 August 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A305, Serenia Residences North (A)

What is A305 worth today?

Last sold for AED 1,750,000 in 2019

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13 Oct 2019SoldReady
AED 1,750,000AED 1,634 per sqft
15 Aug 2018RentedNew contract
AED 115,000/yr12 months · AED 107 per sqft
8 Jul 2015Sold by developerOff-plan
AED 2,213,000AED 2,066 per sqft

Source: Dubai Land Department. Updated 13 October 2019.

Key facts

Type
1-bed apartment
Size
1,071 sqft
Floor
3rd of 9
Parking
B-97
Developer
Palma Homes Real Estate Development
Completed
2017
Service charge
AED 30,600 /yr
Last sold
AED 1.75M · October 2019

About A305, Serenia Residences North (A)

A305 is a one-bedroom apartment of 1,071 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 13 October 2019 for AED 1,750,000, or AED 1,634 per sqft, in line with the AED 1,678 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 August 2018. The current contract, signed on 15 August 2018, is AED 115,000 a year: a gross yield of 6.6% on the 2019 price, before the service charge of about AED 30,600 a year.

Sales and rents for A305 over time

Sales
Unit A305, each saleTypical one-bed in Serenia Residences North (A)
2M3M4M2015201820212024Typical sale price by year: 2015 AED 2,168,000; 2016 AED 2,011,000; 2017 AED 2,453,400; 2018 AED 2,350,000; 2019 AED 2,000,000; 2020 AED 1,950,000; 2021 AED 1,950,000; 2022 AED 2,725,000; 2023 AED 2,865,000; 2024 AED 3,800,000; 2025 AED 3,265,795Sold by developer, July 2015: AED 2,213,000 (AED 2,066 per sqft)Sold, October 2019: AED 1,750,000 (AED 1,634 per sqft)

A305 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit A305, each contractTypical one-bed in Serenia Residences North (A)
125K150K2018202120242027Typical rent by year: 2018 AED 120,000; 2019 AED 117,978; 2020 AED 110,000; 2021 AED 120,000; 2022 AED 128,000; 2023 AED 160,000; 2024 AED 160,000; 2025 AED 160,000; 2026 AED 150,000New contract, August 2018: AED 115,000 a year

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

1-beds in Serenia Residences North (A), and where A305 sits

All 54 1-beds →

A305 last sold in October 2019 at AED 1,634 per sqft, in line with what one-beds in Serenia Residences North (A) were fetching at the time (AED 1,678). Over the last 12 months one-beds sold for AED 2,400,000 to 3,783,007, around AED 2,748 per sqft, and rent for AED 130,000 to 200,000 a year. A305's AED 115,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Sep 20263,400,000
11 Feb 20263,783,007
24 Dec 20253,400,000
19 Nov 20252,400,000
4 1-bed sales 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
A3022-bedAED 5.8M · Sep 2022
A3033-bedAED 8.2M · Nov 2021
A3041-bedAED 2.17M · Jul 2015
A3062-bedAED 3.71M · Jul 2015
A3072-bedAED 3.36M · Jun 2015
A3081-bedAED 2.93M · Feb 2023
1–7 of 13

A305, Serenia Residences North (A) in numbers

  • Sold twice: first on 8 July 2015 for AED 2,213,000, last on 13 October 2019 for AED 1,750,000 (AED 1,634 per sqft).
  • Rented since August 2018 on one Ejari contract, at AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2019 price is 6.6%, before a service charge of about AED 30,600 a year (AED 28.61 per sqft).
  • One-beds in Serenia Residences North (A) sold for AED 2,400,000–3,783,007 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 13 October 2019.

Questions about A305, Serenia Residences North (A)

What did unit A305 last sell for?

AED 1,750,000 on 13 October 2019: AED 1,634 per sqft for 1,071 sqft. The unit has 2 registered sales; the first was AED 2,213,000 in July 2015.

What is the rent for unit A305?

AED 115,000 a year on the contract signed on 15 August 2018.

How big is unit A305?

1,071 sqft (99.5 sqm): a one-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2017.

What is unit A305 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Serenia Residences North (A) sold for AED 2,400,000 to 3,783,007 in the last 12 months, around AED 2,748 per sqft.

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Mortgage on A305, Serenia Residences North (A)

Starts from the last sale price (AED 1.75M, 13 October 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,750,000
Deposit, UAE resident (20%)
AED 350,000
Deposit, non-resident (40%)
AED 700,000
Monthly over 25 years at 3.7%
AED 7,160

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