Studio · 524 sqftThe Palm Tower, Palm Jumeirah · 33rd floor · completed 2021

3306, The Palm Tower

Sold prices and rental history: sold once, by the developer in August 2015, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3306 · DLD and Ejari recordsUpdated 30 September 2023
Last soldAED 1.82M16 August 2015
Current rentAED 117K /yr30 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3306, The Palm Tower

What is 3306 worth today?

Last sold for AED 1,821,500 in 2015

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30 Sep 2023RentedRenewal
AED 117,000/yr12 months · AED 222 per sqft
30 Sep 2022RentedNew contract
AED 100,000/yr12 months · AED 190 per sqft
16 Aug 2015Sold by developerOff-plan
AED 1,821,500AED 3,479 per sqft

Source: Dubai Land Department. Updated 30 September 2023.

Key facts

Type
Studio apartment
Size
524 sqft
Floor
33rd of 47
Parking
B3-231
Developer
The Palm - Jumeirah Co
Completed
2021
Last sold
AED 1.82M · August 2015

About 3306, The Palm Tower

3306 is a studio of 524 sqft on the 33rd 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 16 August 2015 for AED 1,821,500, or AED 3,479 per sqft, 5% above the AED 3,304 studios in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 30 September 2023, is AED 117,000 a year: a gross yield of 6.4% on the 2015 price.

Sales and rents for 3306 over time

Sales
Unit 3306, 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, August 2015: AED 1,821,500 (AED 3,479 per sqft)

3306 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 3306, 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 115,000New contract, September 2022: AED 100,000 a yearRenewal, September 2023: AED 117,000 a year

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 3306 sits

All 194 studios →

3306 last sold in August 2015 at AED 3,479 per sqft, 5% above what studios in The Palm Tower were fetching at the time (AED 3,304). 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. 3306's AED 117,000 is in the lower half of that range.

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 33rd floor

All 432 units in The Palm Tower
Value
3301StudioAED 1.84M · Apr 2020
3302StudioAED 1.82M · Sep 2015
3303StudioAED 1.82M · Nov 2015
3304StudioAED 1.82M · Sep 2015
33051-bedAED 2.85M · Aug 2021
3307StudioAED 1.82M · Aug 2015
3308StudioAED 1.8M · Aug 2015
1–7 of 17

3306, The Palm Tower in numbers

  • Sold once: by The Palm - Jumeirah Co on 16 August 2015 for AED 1,821,500, or AED 3,479 per sqft.
  • Rented since September 2022 on 2 Ejari contracts, from AED 100,000 to AED 117,000 a year.
  • At AED 117,000 a year the gross yield on the 2015 price is 6.4%.
  • 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 30 September 2023.

Questions about 3306, The Palm Tower

What did unit 3306 last sell for?

AED 1,821,500 on 16 August 2015, sold by the developer: AED 3,479 per sqft for 524 sqft. It is the only registered sale of the unit.

What is the rent for unit 3306?

AED 117,000 a year on the contract renewed on 30 September 2023. The previous contract, from September 2022, was AED 100,000.

How big is unit 3306?

524 sqft (48.7 sqm): a studio on the 33rd floor of a 47-storey tower completed in 2021.

What is unit 3306 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 3306, The Palm Tower

Starts from the last sale price (AED 1.82M, 16 August 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,821,500
Deposit, UAE resident (20%)
AED 364,300
Deposit, non-resident (40%)
AED 728,600
Monthly over 25 years at 3.7%
AED 7,452

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