Studio · 524 sqftThe Palm Tower, Palm Jumeirah · 22nd floor · completed 2021

2216, The Palm Tower

Sold prices and rental history: sold twice, last in March 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2216 · DLD and Ejari recordsUpdated 19 March 2024
Last soldAED 2.04M19 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2216, The Palm Tower

What is 2216 worth today?

Last sold for AED 2,035,000 in 2024

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19 Mar 2024SoldReady
AED 2,035,000AED 3,886 per sqft
28 Dec 2015Sold by developerOff-plan
AED 1,590,900AED 3,038 per sqft

Source: Dubai Land Department. Updated 19 March 2024.

Key facts

Type
Studio apartment
Size
524 sqft
Floor
22nd of 47
Parking
B3-78
Developer
The Palm - Jumeirah Co
Completed
2021
Last sold
AED 2.04M · March 2024

About 2216, The Palm Tower

2216 is a studio of 524 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 19 March 2024 for AED 2,035,000, or AED 3,886 per sqft, in line with the AED 3,914 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2216 over time

Sales
Unit 2216, each saleTypical studio in The Palm Tower
1.5M2M20152018202120242027Typical sale price by year: 2015 AED 1,667,100; 2016 AED 1,710,000; 2017 AED 1,484,340; 2018 AED 1,732,300; 2019 AED 1,702,400; 2020 AED 1,823,100; 2021 AED 1,699,200; 2022 AED 1,700,000; 2023 AED 2,042,500; 2024 AED 2,100,000; 2025 AED 2,200,000; 2026 AED 2,200,000Sold by developer, December 2015: AED 1,590,900 (AED 3,038 per sqft)Sold, March 2024: AED 2,035,000 (AED 3,886 per sqft)

2216 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 2216, each contractTypical studio in The Palm Tower
100K120K202220242026Typical rent by year: 2022 AED 102,500; 2023 AED 120,000; 2024 AED 120,000; 2025 AED 125,000; 2026 AED 115,000

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in The Palm Tower, and where 2216 sits

All 194 studios →

2216 last sold in March 2024 at AED 3,886 per sqft, in line with what studios in The Palm Tower were fetching at the time (AED 3,914). Over the last 12 months studios sold for AED 71,982 to 2,600,000, around AED 4,231 per sqft, and rent for AED 92,000 to 190,000 a year.

Recent studio salesUnit no.Price (AED)Summary
29 Oct 20262,100,000
29 Oct 20262,100,000
16 Oct 20262,075,000
29 Jul 202671,982
20 studio 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
22051-bedAED 2.6M · Dec 2021
2206StudioAED 1.4M · Dec 2021
2207StudioAED 1.7M · Nov 2022
1–7 of 18

2216, The Palm Tower in numbers

  • Sold twice: first on 28 December 2015 for AED 1,590,900, last on 19 March 2024 for AED 2,035,000 (AED 3,886 per sqft).
  • Studios in The Palm Tower sold for AED 71,982–2,600,000 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 19 March 2024.

Questions about 2216, The Palm Tower

What did unit 2216 last sell for?

AED 2,035,000 on 19 March 2024: AED 3,886 per sqft for 524 sqft. The unit has 2 registered sales; the first was AED 1,590,900 in December 2015.

How big is unit 2216?

524 sqft (48.7 sqm): a studio on the 22nd floor of a 47-storey tower completed in 2021.

What is unit 2216 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in The Palm Tower sold for AED 71,982 to 2,600,000 in the last 12 months, around AED 4,231 per sqft.

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Mortgage on 2216, The Palm Tower

Starts from the last sale price (AED 2.04M, 19 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,035,000
Deposit, UAE resident (20%)
AED 407,000
Deposit, non-resident (40%)
AED 814,000
Monthly over 25 years at 3.7%
AED 8,326

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