1-bed · 1,034 sqftSerenia Residences West (C), Palm Jumeirah · 5th floor · completed 2017

C507, Serenia Residences West (C)

Sold prices and rental history: sold twice, last in December 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit C507 · DLD and Ejari recordsUpdated 13 August 2024
Last soldAED 2.7M6 December 2022
Current rentAED 155K /yr13 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for C507, Serenia Residences West (C)

What is C507 worth today?

Last sold for AED 2,700,000 in 2022

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13 Aug 2024RentedNew contract
AED 155,000/yr12 months · AED 150 per sqft
6 Dec 2022SoldReady
AED 2,700,000AED 2,612 per sqft
1 Dec 2021RentedNew contract
AED 120,000/yr12 months · AED 116 per sqft
1 Sep 2020RentedNew contract
AED 105,000/yr12 months · AED 102 per sqft
25 Jun 2019RentedRenewal
AED 115,002/yr2 months · AED 111 per sqft
25 Jun 2018RentedNew contract
AED 115,000/yr12 months · AED 111 per sqft
13 Sep 2015Sold by developerOff-plan
AED 2,193,000AED 2,121 per sqft

Source: Dubai Land Department. Updated 13 August 2024.

Key facts

Type
1-bed apartment
Size
1,034 sqft
Floor
5th of 9
Parking
B-291
Developer
Palma Homes Real Estate Development
Completed
2017
Service charge
AED 29,600 /yr
Last sold
AED 2.7M · December 2022

About C507, Serenia Residences West (C)

C507 is a one-bedroom apartment of 1,034 sqft on the 5th floor of Serenia Residences West (C), a 9-storey tower in Palm Jumeirah completed in 2017 by Palma Homes Real Estate Development . It last sold on 6 December 2022 for AED 2,700,000, or AED 2,612 per sqft, 9% above the AED 2,394 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 13 August 2024, is AED 155,000 a year: a gross yield of 5.7% on the 2022 price, before the service charge of about AED 29,600 a year.

Sales and rents for C507 over time

Sales
Unit C507, each saleTypical one-bed in Serenia Residences West (C)
2M2.5M3M2015201820212024Typical sale price by year: 2015 AED 2,159,500; 2021 AED 2,200,000; 2022 AED 2,650,000; 2023 AED 3,000,000; 2025 AED 3,100,000Sold by developer, September 2015: AED 2,193,000 (AED 2,121 per sqft)Sold, December 2022: AED 2,700,000 (AED 2,612 per sqft)

C507 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit C507, each contractTypical one-bed in Serenia Residences West (C)
100K150K2018202120242027Typical rent by year: 2018 AED 120,000; 2019 AED 115,001; 2020 AED 110,000; 2021 AED 110,000; 2022 AED 115,000; 2023 AED 177,000; 2024 AED 152,500; 2025 AED 170,000; 2026 AED 155,000New contract, June 2018: AED 115,000 a yearRenewal, June 2019: AED 115,002 a yearNew contract, September 2020: AED 105,000 a yearNew contract, December 2021: AED 120,000 a yearNew contract, August 2024: AED 155,000 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 West (C), and where C507 sits

All 23 1-beds →

C507 last sold in December 2022 at AED 2,612 per sqft, 9% above what one-beds in Serenia Residences West (C) were fetching at the time (AED 2,394). C507's AED 155,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Nov 20253,000,000
8 Jul 20253,100,000
12 Jun 20253,950,000
7 Mar 20242,550,000
0 1-bed sales in the last 12 months

Serenia Residences West (C)

Building

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

Typical price per sqft
AED 3,703
Typical sale
AED 8.4M
Typical rent
AED 230K /yr
Typical yield
4.2%
Serenia Residences West (C), Palm Jumeirah: prices, sales and rents →
Value
C5013-bedAED 7.58M · Jun 2021
C5023-bedAED 8.5M · Jan 2022
C5034-bedAED 10M · Apr 2023
C5051-bedAED 3.1M · Jul 2025
C5062-bedAED 2.95M · Apr 2016
C5081-bedAED 2.52M · Jul 2015
C5092-bedAED 4.7M · Feb 2022
1–7 of 8

C507, Serenia Residences West (C) in numbers

  • Sold twice: first on 13 September 2015 for AED 2,193,000, last on 6 December 2022 for AED 2,700,000 (AED 2,612 per sqft).
  • Rented since June 2018 on 5 Ejari contracts, from AED 115,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2022 price is 5.7%, before a service charge of about AED 29,600 a year (AED 28.61 per sqft).

Source: Dubai Land Department. Updated 13 August 2024.

Questions about C507, Serenia Residences West (C)

What did unit C507 last sell for?

AED 2,700,000 on 6 December 2022: AED 2,612 per sqft for 1,034 sqft. The unit has 2 registered sales; the first was AED 2,193,000 in September 2015.

What is the rent for unit C507?

AED 155,000 a year on the contract signed on 13 August 2024. The previous contract, from December 2021, was AED 120,000; the unit has been rented since June 2018.

How big is unit C507?

1,034 sqft (96.1 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2017.

What is unit C507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on C507, Serenia Residences West (C)

Starts from the last sale price (AED 2.7M, 6 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

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