2018, The Palm Tower
Sold prices and rental history: sold once, by the developer in November 2016, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2018, The Palm Tower
What is 2018 worth today?
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Source: Dubai Land Department. Updated 1 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,064 sqft
- Floor
- 20th of 47
- Parking
- B3-48
- Developer
- The Palm - Jumeirah Co
- Completed
- 2021
- Last sold
- AED 3.3M · November 2016
- Building
- The Palm Tower
About 2018, The Palm Tower
2018 is a one-bedroom apartment of 1,064 sqft on the 20th floor of The Palm Tower, a 47-storey tower in Palm Jumeirah completed in 2021 by The Palm - Jumeirah Co. The developer sold it on 17 November 2016 for AED 3,295,700, or AED 3,096 per sqft, 14% below the AED 3,595 one-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 307,500 a year: a gross yield of 9.3% on the 2016 price.
Sales and rents for 2018 over time
2018 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in The Palm Tower, and where 2018 sits
All 226 1-beds →2018 last sold in November 2016 at AED 3,096 per sqft, 14% below what one-beds in The Palm Tower were fetching at the time (AED 3,595). Over the last 12 months one-beds sold for AED 2,550,000 to 7,450,000, around AED 4,333 per sqft, and rent for AED 150,000 to 330,000 a year. 2018's AED 307,500 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Nov 20263 November 2026 | 1,057 sqft | 3,700,000 | 3,501 | ||
| 21 Oct 202621 October 2026 | 1,110 sqft | 4,400,000 | 3,965 | ||
| 13 Oct 202613 October 2026 | 1,036 sqft | 4,100,000 | 3,957 | ||
| 2 Oct 20262 October 2026 | 1,054 sqft | 5,500,000 | 5,216 |
The Palm Tower
Building432 apartments, studios to 3-bed over 47 floors in Palm Jumeirah, completed in 2021 by The Palm - Jumeirah Co. 38 sold in the last 12 months.
- Typical price per sqft
- AED 4,280 Up 2.5%
- Typical sale
- AED 2.53M
- Typical rent
- AED 153K /yr
- Typical yield
- 5.3%
Other units on the 20th floor
All 432 units in The Palm Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | Studio | 485 sqft | AED 1.88MAED 1,882,889 · Aug 2022August 2022 | ||
| 2002 | Studio | 507 sqft | AED 1.35MAED 1,350,000 · Nov 2021November 2021 | 114,000 /yr | |
| 2003 | Studio | 524 sqft | AED 1.86MAED 1,862,038 · Aug 2022August 2022 | ||
| 2004 | Studio | 524 sqft | AED 2.6MAED 2,600,000 · Mar 2026March 2026 | ||
| 2005 | 1-bed | 1,056 sqft | AED 3.67MAED 3,668,835 · Oct 2022October 2022 | ||
| 2006 | Studio | 523 sqft | AED 1.86MAED 1,862,038 · Aug 2022August 2022 | ||
| 2007 | Studio | 517 sqft | AED 1.86MAED 1,862,038 · Aug 2022August 2022 | ||
| 2008 | Studio | 518 sqft | AED 2.2MAED 2,200,000 · Nov 2023November 2023 | 120,000 /yr | |
| 2009 | 1-bed | 1,108 sqft | AED 3.92MAED 3,924,313 · Aug 2022August 2022 | 265,000 /yr | |
| 2010 | 1-bed | 1,079 sqft | AED 3.27MAED 3,274,900 · May 2017May 2017 | 295,000 /yr | |
| 2013 | 1-bed | 1,058 sqft | AED 4.2MAED 4,200,000 · Dec 2025December 2025 | 220,000 /yr | |
| 2014 | Studio | 524 sqft | AED 2.1MAED 2,100,000 · Mar 2025March 2025 | ||
| 2015 | Studio | 524 sqft | AED 1.55MAED 1,550,000 · Jun 2022June 2022 | 119,668 /yr | |
| 2016 | Studio | 524 sqft | AED 1.9MAED 1,900,000 · Sep 2023September 2023 | 130,000 /yr | |
| 2017 | Studio | 26 sqft | AED 72KAED 71,982 · Jul 2026July 2026 | 116,000 /yr | |
| 2019 | 1-bed | 1,110 sqft | AED 4.75MAED 4,750,000 · Sep 2024September 2024 | 240,000 /yr |
2018, The Palm Tower in numbers
- Sold once: by The Palm - Jumeirah Co on 17 November 2016 for AED 3,295,700, or AED 3,096 per sqft.
- Rented since December 2022 on 4 Ejari contracts, from AED 275,000 to AED 307,500 a year.
- At AED 307,500 a year the gross yield on the 2016 price is 9.3%.
- One-beds in The Palm Tower sold for AED 2,550,000–7,450,000 in the 12 months to November 2026; the building's median across all types is AED 4,280 per sqft.
Source: Dubai Land Department. Updated 1 September 2024.
Questions about 2018, The Palm Tower
What did unit 2018 last sell for?
AED 3,295,700 on 17 November 2016, sold by the developer: AED 3,096 per sqft for 1,064 sqft. It is the only registered sale of the unit.
What is the rent for unit 2018?
AED 307,500 a year on the contract renewed on 1 September 2024. The previous contract, from May 2024, was AED 303,474; the unit has been rented since December 2022.
How big is unit 2018?
1,064 sqft (98.8 sqm): a one-bedroom apartment on the 20th floor of a 47-storey tower completed in 2021.
What is unit 2018 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Palm Tower sold for AED 2,550,000 to 7,450,000 in the last 12 months, around AED 4,333 per sqft.
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Mortgage on 2018, The Palm Tower
Starts from the last sale price (AED 3.3M, 17 November 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 3,295,700
- Deposit, UAE resident (20%)
- AED 659,140
- Deposit, non-resident (40%)
- AED 1,318,280
- Monthly over 25 years at 3.7%
- AED 13,484
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →