1-bed · 1,079 sqftThe Palm Tower, Palm Jumeirah · 23rd floor · completed 2021

2309, The Palm Tower

Sold prices and rental history: sold once, by the developer in December 2017, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2309 · DLD and Ejari recordsUpdated 11 October 2024
Last soldAED 3.42M25 December 2017
Current rentAED 270K /yr11 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2309, The Palm Tower

What is 2309 worth today?

Last sold for AED 3,416,700 in 2017

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11 Oct 2024RentedNew contract
AED 270,000/yr12 months · AED 244 per sqft
23 May 2022RentedNew contract
AED 200,000/yr12 months · AED 180 per sqft
25 Dec 2017Sold by developerOff-plan
AED 3,416,700AED 3,166 per sqft

Source: Dubai Land Department. Updated 11 October 2024.

Key facts

Type
1-bed apartment
Size
1,079 sqft
Floor
23rd of 47
Parking
B3-111
Developer
The Palm - Jumeirah Co
Completed
2021
Last sold
AED 3.42M · December 2017

About 2309, The Palm Tower

2309 is a one-bedroom apartment of 1,079 sqft on the 23rd 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 25 December 2017 for AED 3,416,700, or AED 3,166 per sqft, in line with the AED 3,164 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 11 October 2024, is AED 270,000 a year: a gross yield of 7.9% on the 2017 price.

Sales and rents for 2309 over time

Sales
Unit 2309, each saleTypical one-bed in The Palm Tower
3M4M5M20152018202120242027Typical 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, December 2017: AED 3,416,700 (AED 3,166 per sqft)

2309 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2309, 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 240,000New contract, May 2022: AED 200,000 a yearNew contract, October 2024: AED 270,000 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 The Palm Tower, and where 2309 sits

All 226 1-beds →

2309 last sold in December 2017 at AED 3,166 per sqft, in line with what one-beds in The Palm Tower were fetching at the time (AED 3,164). 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. 2309's AED 270,000 is in the upper half of that range.

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 23rd floor

All 432 units in The Palm Tower
Value
2301StudioAED 2.15M · Aug 2025
2302StudioAED 1.9M · May 2023
2303StudioAED 1.62M · Nov 2015
2304StudioAED 1.62M · Dec 2016
23051-bedAED 2.72M · Nov 2021
2306StudioAED 1.7M · Nov 2022
2307StudioAED 2.2M · Dec 2023
1–7 of 18

2309, The Palm Tower in numbers

  • Sold once: by The Palm - Jumeirah Co on 25 December 2017 for AED 3,416,700, or AED 3,166 per sqft.
  • Rented since May 2022 on 2 Ejari contracts, from AED 200,000 to AED 270,000 a year.
  • At AED 270,000 a year the gross yield on the 2017 price is 7.9%.
  • 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 11 October 2024.

Questions about 2309, The Palm Tower

What did unit 2309 last sell for?

AED 3,416,700 on 25 December 2017, sold by the developer: AED 3,166 per sqft for 1,079 sqft. It is the only registered sale of the unit.

What is the rent for unit 2309?

AED 270,000 a year on the contract signed on 11 October 2024. The previous contract, from May 2022, was AED 200,000.

How big is unit 2309?

1,079 sqft (100.2 sqm): a one-bedroom apartment on the 23rd floor of a 47-storey tower completed in 2021.

What is unit 2309 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 2309, The Palm Tower

Starts from the last sale price (AED 3.42M, 25 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,416,700
Deposit, UAE resident (20%)
AED 683,340
Deposit, non-resident (40%)
AED 1,366,680
Monthly over 25 years at 3.7%
AED 13,979

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