3407, The Palm Tower
Sold prices and rental history: sold twice, last in May 2017, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3407, The Palm Tower
What is 3407 worth today?
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Source: Dubai Land Department. Updated 1 April 2024.
Key facts
- Type
- Studio apartment
- Size
- 501 sqft
- Floor
- 34th of 47
- Parking
- B2-24
- Developer
- The Palm - Jumeirah Co
- Completed
- 2021
- Last sold
- AED 1.52M · May 2017
- Building
- The Palm Tower
About 3407, The Palm Tower
3407 is a studio of 501 sqft on the 34th floor of The Palm Tower, a 47-storey tower in Palm Jumeirah completed in 2021 by The Palm - Jumeirah Co. It last sold on 8 May 2017 for AED 1,521,135, or AED 3,036 per sqft, 7% below the AED 3,279 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 1 April 2024, is AED 120,000 a year: a gross yield of 7.9% on the 2017 price.
Sales and rents for 3407 over time
3407 has sold twice; the dashed line is the studio median of each year in the building.
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 3407 sits
All 194 studios →3407 last sold in May 2017 at AED 3,036 per sqft, 7% below what studios in The Palm Tower were fetching at the time (AED 3,279). 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. 3407's AED 120,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Oct 202629 October 2026 | 518 sqft | 2,100,000 | 4,053 | ||
| 29 Oct 202629 October 2026 | 518 sqft | 2,100,000 | 4,056 | ||
| 16 Oct 202616 October 2026 | 524 sqft | 2,075,000 | 3,960 | ||
| 29 Jul 202629 July 2026 | 26 sqft | 71,982 | 2,752 |
The Palm Tower
Building432 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%
Other units on the 34th floor
All 432 units in The Palm Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3401 | Studio | 500 sqft | AED 2.06MAED 2,058,800 · May 2023May 2023 | 100,000 /yr | |
| 3402 | Studio | 523 sqft | AED 1.95MAED 1,950,000 · Jun 2026June 2026 | ||
| 3403 | Studio | 524 sqft | AED 2.15MAED 2,150,000 · Jul 2023July 2023 | ||
| 3404 | Studio | 524 sqft | AED 2.05MAED 2,050,000 · Jul 2023July 2023 | 110,000 /yr | |
| 3405 | 1-bed | 1,055 sqft | AED 3.55MAED 3,550,000 · May 2023May 2023 | ||
| 3406 | Studio | 523 sqft | AED 1.84MAED 1,843,800 · Oct 2015October 2015 | ||
| 3408 | Studio | 518 sqft | AED 1.9MAED 1,900,000 · Dec 2024December 2024 | 92,000 /yr | |
| 3409 | 1-bed | 1,115 sqft | AED 3.14MAED 3,142,600 · Nov 2021November 2021 | 330,000 /yr | |
| 3410 | 1-bed | 1,114 sqft | AED 4.4MAED 4,400,000 · Mar 2023March 2023 | ||
| 3411 | 1-bed | 1,143 sqft | AED 3.65MAED 3,648,000 · May 2022May 2022 | 275,000 /yr | |
| 3413 | 1-bed | 1,055 sqft | AED 2.81MAED 2,810,100 · Nov 2021November 2021 | ||
| 3414 | 1-bed | 1,054 sqft | AED 3.9MAED 3,900,000 · Nov 2024November 2024 | ||
| 3415 | 1-bed | 1,054 sqft | AED 4.3MAED 4,300,000 · Jun 2025June 2025 | ||
| 3418 | 1-bed | 1,069 sqft | AED 3.67MAED 3,667,100 · Aug 2021August 2021 | 300,000 /yr | |
| 3419 | 1-bed | 1,085 sqft | AED 3.35MAED 3,350,000 · Feb 2022February 2022 | 245,000 /yr |
3407, The Palm Tower in numbers
- Sold twice: first on 13 November 2016 for AED 1,843,800, last on 8 May 2017 for AED 1,521,135 (AED 3,036 per sqft).
- Rented since April 2022 on 3 Ejari contracts, at AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2017 price is 7.9%.
- 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 1 April 2024.
Questions about 3407, The Palm Tower
What did unit 3407 last sell for?
AED 1,521,135 on 8 May 2017: AED 3,036 per sqft for 501 sqft. The unit has 2 registered sales; the first was AED 1,843,800 in November 2016.
What is the rent for unit 3407?
AED 120,000 a year on the contract renewed on 1 April 2024. The previous contract, from April 2023, was AED 120,000; the unit has been rented since April 2022.
How big is unit 3407?
501 sqft (46.5 sqm): a studio on the 34th floor of a 47-storey tower completed in 2021.
What is unit 3407 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 3407, The Palm Tower
Starts from the last sale price (AED 1.52M, 8 May 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,521,135
- Deposit, UAE resident (20%)
- AED 304,227
- Deposit, non-resident (40%)
- AED 608,454
- Monthly over 25 years at 3.7%
- AED 6,223
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →