1-bed · 1,015 sqftThe Palm Tower, Palm Jumeirah · 22nd floor · completed 2021

2205, The Palm Tower

Sold prices and rental history: sold twice, last in December 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2205 · DLD and Ejari recordsUpdated 5 December 2021
Last soldAED 2.6M5 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2205, The Palm Tower

What is 2205 worth today?

Last sold for AED 2,600,000 in 2021

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5 Dec 2021SoldOff-plan
AED 2,600,000AED 2,561 per sqft
29 Oct 2015Sold by developerOff-plan
AED 3,152,200AED 2,987 per sqft

Source: Dubai Land Department. Updated 5 December 2021.

Key facts

Type
1-bed apartment
Size
1,015 sqft
Floor
22nd of 47
Parking
B3-62
Developer
The Palm - Jumeirah Co
Completed
2021
Last sold
AED 2.6M · December 2021

About 2205, The Palm Tower

2205 is a one-bedroom apartment of 1,015 sqft on the 22nd floor of The Palm Tower, a 47-storey tower in Palm Jumeirah completed in 2021 by The Palm - Jumeirah Co. It last sold on 5 December 2021 for AED 2,600,000, or AED 2,561 per sqft, 14% below the AED 2,962 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2205 over time

Sales
Unit 2205, each saleTypical one-bed in The Palm Tower
4M20152018202120242027Typical sale price by year: 2015 AED 3,514,200; 2016 AED 3,913,900; 2017 AED 3,345,800; 2018 AED 3,185,290; 2019 AED 3,473,440; 2021 AED 3,250,900; 2022 AED 3,578,000; 2023 AED 4,000,000; 2024 AED 4,100,000; 2025 AED 4,900,000; 2026 AED 4,575,000Sold by developer, October 2015: AED 3,152,200 (AED 2,987 per sqft)Sold, December 2021: AED 2,600,000 (AED 2,561 per sqft)

2205 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2205, each contractTypical one-bed in The Palm Tower
200K250K202220242026Typical rent by year: 2022 AED 200,000; 2023 AED 230,000; 2024 AED 250,000; 2025 AED 265,000; 2026 AED 240,000

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 2205 sits

All 226 1-beds →

2205 last sold in December 2021 at AED 2,561 per sqft, 14% below what one-beds in The Palm Tower were fetching at the time (AED 2,962). 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.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Nov 20263,700,000
21 Oct 20264,400,000
13 Oct 20264,100,000
2 Oct 20265,500,000
18 1-bed sales in the last 12 months

The Palm Tower

Building

432 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%
The Palm Tower, Palm Jumeirah: prices, sales and rents →

Other units on the 22nd floor

All 432 units in The Palm Tower
Value
2201StudioAED 1.75M · Nov 2022
2202StudioAED 2.05M · Jul 2023
2203StudioAED 1.7M · Nov 2022
2204StudioAED 2.05M · Jul 2023
2206StudioAED 1.4M · Dec 2021
2207StudioAED 1.7M · Nov 2022
2208StudioAED 1.58M · Sep 2015
1–7 of 18

2205, The Palm Tower in numbers

  • Sold twice: first on 29 October 2015 for AED 3,152,200, last on 5 December 2021 for AED 2,600,000 (AED 2,561 per sqft).
  • 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 5 December 2021.

Questions about 2205, The Palm Tower

What did unit 2205 last sell for?

AED 2,600,000 on 5 December 2021: AED 2,561 per sqft for 1,015 sqft. The unit has 2 registered sales; the first was AED 3,152,200 in October 2015.

How big is unit 2205?

1,015 sqft (94.3 sqm): a one-bedroom apartment on the 22nd floor of a 47-storey tower completed in 2021.

What is unit 2205 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 2205, The Palm Tower

Starts from the last sale price (AED 2.6M, 5 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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