1-bed · 1,055 sqftThe Palm Tower, Palm Jumeirah · 30th floor · completed 2021

3005, The Palm Tower

Sold prices and rental history: sold once, by the developer in November 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3005 · DLD and Ejari recordsUpdated 23 November 2021
Last soldAED 2.7M23 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3005, The Palm Tower

What is 3005 worth today?

Last sold for AED 2,696,100 in 2021

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23 Nov 2021Sold by developerOff-plan
AED 2,696,100AED 2,556 per sqft

Source: Dubai Land Department. Updated 23 November 2021.

Key facts

Type
1-bed apartment
Size
1,055 sqft
Floor
30th of 47
Parking
B3-305
Developer
The Palm - Jumeirah Co
Completed
2021
Last sold
AED 2.7M · November 2021

About 3005, The Palm Tower

3005 is a one-bedroom apartment of 1,055 sqft on the 30th 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 23 November 2021 for AED 2,696,100, or AED 2,556 per sqft, 14% below the AED 2,980 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 3005 over time

Sales
Unit 3005, 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, November 2021: AED 2,696,100 (AED 2,556 per sqft)

3005 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3005, 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 3005 sits

All 226 1-beds →

3005 last sold in November 2021 at AED 2,556 per sqft, 14% below what one-beds in The Palm Tower were fetching at the time (AED 2,980). 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 30th floor

All 432 units in The Palm Tower
Value
3001StudioAED 1.46M · Apr 2018
3002StudioAED 1.75M · Aug 2015
3003StudioAED 1.75M · Jul 2015
3004StudioAED 1.75M · Jul 2015
3006StudioAED 1.75M · Jul 2015
3007StudioAED 1.75M · Jul 2015
3008StudioAED 1.73M · Aug 2015
1–7 of 17

3005, The Palm Tower in numbers

  • Sold once: by The Palm - Jumeirah Co on 23 November 2021 for AED 2,696,100, or AED 2,556 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 23 November 2021.

Questions about 3005, The Palm Tower

What did unit 3005 last sell for?

AED 2,696,100 on 23 November 2021, sold by the developer: AED 2,556 per sqft for 1,055 sqft. It is the only registered sale of the unit.

How big is unit 3005?

1,055 sqft (98.0 sqm): a one-bedroom apartment on the 30th floor of a 47-storey tower completed in 2021.

What is unit 3005 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 3005, The Palm Tower

Starts from the last sale price (AED 2.7M, 23 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,696,100
Deposit, UAE resident (20%)
AED 539,220
Deposit, non-resident (40%)
AED 1,078,440
Monthly over 25 years at 3.7%
AED 11,031

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