2-bed · 1,605 sqftSerenia Residences North (A), Palm Jumeirah · 3rd floor · completed 2017

A312, Serenia Residences North (A)

Sold prices and rental history: sold 3 times, last in September 2023, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A312 · DLD and Ejari recordsUpdated 8 September 2023
Last soldAED 6.1M8 September 2023
Current rentAED 225K /yr19 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A312, Serenia Residences North (A)

What is A312 worth today?

Last sold for AED 6,100,000 in 2023

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8 Sep 2023SoldReady
AED 6,100,000AED 3,800 per sqft
3 Feb 2023SoldReady
AED 5,300,000AED 3,302 per sqft
19 Feb 2021RentedNew contract
AED 225,000/yr12 months · AED 140 per sqft
15 Jan 2020RentedNew contract
AED 225,000/yr12 months · AED 140 per sqft
1 Sep 2018RentedNew contract
AED 210,000/yr12 months · AED 131 per sqft
20 Oct 2015Sold by developerOff-plan
AED 4,192,000AED 2,611 per sqft

Source: Dubai Land Department. Updated 8 September 2023.

Key facts

Type
2-bed apartment
Size
1,605 sqft
Floor
3rd of 9
Parking
B-413 , B-414
Developer
Palma Homes Real Estate Development
Completed
2017
Service charge
AED 45,900 /yr
Last sold
AED 6.1M · September 2023

About A312, Serenia Residences North (A)

A312 is a two-bedroom apartment of 1,605 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 8 September 2023 for AED 6,100,000, or AED 3,800 per sqft, 10% above the AED 3,440 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 19 February 2021, is AED 225,000 a year: a gross yield of 3.7% on the 2023 price, before the service charge of about AED 45,900 a year.

Sales and rents for A312 over time

Sales
Unit A312, 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, October 2015: AED 4,192,000 (AED 2,611 per sqft)Sold, February 2023: AED 5,300,000 (AED 3,302 per sqft)Sold, September 2023: AED 6,100,000 (AED 3,800 per sqft)

A312 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit A312, 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 2018: AED 210,000 a yearNew contract, January 2020: AED 225,000 a yearNew contract, February 2021: AED 225,000 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 A312 sits

All 45 2-beds →

A312 last sold in September 2023 at AED 3,800 per sqft, 10% above what two-beds in Serenia Residences North (A) were fetching at the time (AED 3,440). 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. A312's AED 225,000 is at the bottom 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
A3022-bedAED 5.8M · Sep 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
1–7 of 13

A312, Serenia Residences North (A) in numbers

  • Sold 3 times: first on 20 October 2015 for AED 4,192,000, last on 8 September 2023 for AED 6,100,000 (AED 3,800 per sqft).
  • Rented since September 2018 on 3 Ejari contracts, from AED 210,000 to AED 225,000 a year.
  • At AED 225,000 a year the gross yield on the 2023 price is 3.7%, before a service charge of about AED 45,900 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 8 September 2023.

Questions about A312, Serenia Residences North (A)

What did unit A312 last sell for?

AED 6,100,000 on 8 September 2023: AED 3,800 per sqft for 1,605 sqft. The unit has 3 registered sales; the first was AED 4,192,000 in October 2015.

What is the rent for unit A312?

AED 225,000 a year on the contract signed on 19 February 2021. The previous contract, from January 2020, was AED 225,000; the unit has been rented since September 2018.

How big is unit A312?

1,605 sqft (149.1 sqm): a two-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2017.

What is unit A312 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 A312, Serenia Residences North (A)

Starts from the last sale price (AED 6.1M, 8 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 6,100,000
Deposit, UAE resident (20%)
AED 1,220,000
Deposit, non-resident (40%)
AED 2,440,000
Monthly over 25 years at 3.7%
AED 24,957

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