1-bed · 1,071 sqftSerenia Residences North (A), Palm Jumeirah · 7th floor · completed 2017

A705, Serenia Residences North (A)

Sold prices and rental history: sold twice, last in April 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A705 · DLD and Ejari recordsUpdated 24 April 2024
Last soldAED 3.9M24 April 2024
Current rentAED 180K /yr15 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A705, Serenia Residences North (A)

What is A705 worth today?

Last sold for AED 3,900,000 in 2024

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24 Apr 2024SoldReady
AED 3,900,000AED 3,642 per sqft
15 Oct 2022RentedRenewal
AED 180,000/yr12 months · AED 169 per sqft
15 Oct 2021RentedNew contract
AED 150,000/yr12 months · AED 141 per sqft
27 Dec 2020Sold by developerReady
AED 1,850,000AED 1,727 per sqft

Source: Dubai Land Department. Updated 24 April 2024.

Key facts

Type
1-bed apartment
Size
1,071 sqft
Floor
7th of 9
Parking
B-142
Developer
Palma Homes Real Estate Development
Completed
2017
Service charge
AED 30,600 /yr
Last sold
AED 3.9M · April 2024

About A705, Serenia Residences North (A)

A705 is a one-bedroom apartment of 1,071 sqft on the 7th 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 24 April 2024 for AED 3,900,000, or AED 3,642 per sqft, 20% above the AED 3,032 one-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 15 October 2022, is AED 180,000 a year: a gross yield of 4.6% on the 2024 price, before the service charge of about AED 30,600 a year.

Sales and rents for A705 over time

Sales
Unit A705, 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, December 2020: AED 1,850,000 (AED 1,727 per sqft)Sold, April 2024: AED 3,900,000 (AED 3,642 per sqft)

A705 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit A705, each contractTypical one-bed in Serenia Residences North (A)
100K150K2018202120242027Typical 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, October 2021: AED 150,000 a yearRenewal, October 2022: AED 180,000 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 A705 sits

All 54 1-beds →

A705 last sold in April 2024 at AED 3,642 per sqft, 20% above what one-beds in Serenia Residences North (A) were fetching at the time (AED 3,032). 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. A705's AED 180,000 is in the upper half 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
A7011-bedAED 2.4M · May 2018
A7022-bedAED 4.5M · Jul 2021
A7033-bedAED 7.69M · Oct 2019
A7041-bedAED 2.8M · Aug 2023
A7062-bedAED 4.2M · Jun 2021
A7072-bedAED 3.5M · Jan 2020
A7081-bedAED 3.15M · Oct 2022
1–7 of 13

A705, Serenia Residences North (A) in numbers

  • Sold twice: first on 27 December 2020 for AED 1,850,000, last on 24 April 2024 for AED 3,900,000 (AED 3,642 per sqft).
  • Rented since October 2021 on 2 Ejari contracts, from AED 150,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2024 price is 4.6%, 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 24 April 2024.

Questions about A705, Serenia Residences North (A)

What did unit A705 last sell for?

AED 3,900,000 on 24 April 2024: AED 3,642 per sqft for 1,071 sqft. The unit has 2 registered sales; the first was AED 1,850,000 in December 2020.

What is the rent for unit A705?

AED 180,000 a year on the contract renewed on 15 October 2022. The previous contract, from October 2021, was AED 150,000.

How big is unit A705?

1,071 sqft (99.5 sqm): a one-bedroom apartment on the 7th floor of a 9-storey tower completed in 2017.

What is unit A705 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 A705, Serenia Residences North (A)

Starts from the last sale price (AED 3.9M, 24 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,900,000
Deposit, UAE resident (20%)
AED 780,000
Deposit, non-resident (40%)
AED 1,560,000
Monthly over 25 years at 3.7%
AED 15,956

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