A502, Serenia Residences North (A)
Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for A502, Serenia Residences North (A)
What is A502 worth today?
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Source: Dubai Land Department. Updated 1 July 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,621 sqft
- Floor
- 5th of 9
- Parking
- B-254 , B-255
- Developer
- Palma Homes Real Estate Development
- Completed
- 2017
- Service charge
- AED 46,400 /yr
- Last sold
- AED 4.58M · June 2015
- Building
- Serenia Residences North (A)
About A502, Serenia Residences North (A)
A502 is a two-bedroom apartment of 1,621 sqft on the 5th floor of Serenia Residences North (A), a 9-storey tower in Palm Jumeirah completed in 2017 by Palma Homes Real Estate Development . The developer sold it on 24 June 2015 for AED 4,582,000, or AED 2,825 per sqft, 5% above the AED 2,695 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 1 July 2022, is AED 300,000 a year: a gross yield of 6.6% on the 2015 price, before the service charge of about AED 46,400 a year.
Sales and rents for A502 over time
A502 has sold once; the dashed line is the two-bed median of each year in the building.
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 A502 sits
All 45 2-beds →A502 last sold in June 2015 at AED 2,825 per sqft, 5% above what two-beds in Serenia Residences North (A) were fetching at the time (AED 2,695). 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. A502's AED 300,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Jun 202625 June 2026 | 1,334 sqft | 5,150,000 | 3,859 | ||
| 30 Jan 202530 January 2025 | 1,478 sqft | 5,450,000 | 3,687 | ||
| 16 Dec 202416 December 2024 | 1,478 sqft | 6,800,000 | 4,600 | ||
| 11 Jun 202411 June 2024 | 1,621 sqft | 7,500,000 | 4,626 |
Serenia Residences North (A)
Building108 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%
Other units on the 5th floor
All 108 units in Serenia Residences North (A)| ValueToday's value | |||||
|---|---|---|---|---|---|
| A501 | 1-bed | 935 sqft | AED 2.15MAED 2,151,000 · Jun 2015June 2015 | 180,000 /yr | |
| A503 | 3-bed | 2,624 sqft | AED 3.29MAED 3,287,000 · Jul 2018July 2018 | 480,000 /yr | |
| A504 | 1-bed | 1,040 sqft | AED 3.73MAED 3,725,000 · Mar 2025March 2025 | 168,552 /yr | |
| A505 | 1-bed | 1,071 sqft | AED 1.8MAED 1,800,000 · Apr 2021April 2021 | 160,000 /yr | |
| A506 | 2-bed | 1,478 sqft | AED 5.9MAED 5,900,000 · Jun 2024June 2024 | 310,000 /yr | |
| A507 | 2-bed | 1,334 sqft | AED 5.15MAED 5,150,000 · Jun 2026June 2026 | ||
| A508 | 1-bed | 1,063 sqft | AED 1.73MAED 1,725,000 · Jan 2021January 2021 | 189,474 /yr | |
| A509 | 1-bed | 900 sqft | AED 1.63MAED 1,625,000 · May 2021May 2021 | 144,375 /yr | |
| A510 | 1-bed | 949 sqft | AED 2.04MAED 2,036,000 · Jun 2015June 2015 | 150,000 /yr | |
| A511 | 1-bed | 1,202 sqft | AED 2.31MAED 2,312,000 · Jun 2015June 2015 | 190,000 /yr | |
| A512 | 2-bed | 1,605 sqft | AED 4.49MAED 4,491,000 · Jul 2015July 2015 | 239,335 /yr | |
| A513 | 2-bed | 1,507 sqft | AED 4.28MAED 4,280,000 · Jul 2015July 2015 | 280,000 /yr | |
| A514 | 2-bed | 1,526 sqft | AED 4.46MAED 4,456,200 · Dec 2016December 2016 |
A502, Serenia Residences North (A) in numbers
- Sold once: by Palma Homes Real Estate Development on 24 June 2015 for AED 4,582,000, or AED 2,825 per sqft.
- Rented since October 2019 on 4 Ejari contracts, from AED 190,000 to AED 300,000 a year.
- At AED 300,000 a year the gross yield on the 2015 price is 6.6%, 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 1 July 2022.
Questions about A502, Serenia Residences North (A)
What did unit A502 last sell for?
AED 4,582,000 on 24 June 2015, sold by the developer: AED 2,825 per sqft for 1,621 sqft. It is the only registered sale of the unit.
What is the rent for unit A502?
AED 300,000 a year on the contract signed on 1 July 2022. The previous contract, from February 2022, was AED 207,125; the unit has been rented since October 2019.
How big is unit A502?
1,621 sqft (150.6 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2017.
What is unit A502 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 A502, Serenia Residences North (A)
Starts from the last sale price (AED 4.58M, 24 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 4,582,000
- Deposit, UAE resident (20%)
- AED 916,400
- Deposit, non-resident (40%)
- AED 1,832,800
- Monthly over 25 years at 3.7%
- AED 18,746
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →