3408, The Palm Tower
Sold prices and rental history: sold 3 times, last in December 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3408, The Palm Tower
What is 3408 worth today?
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Source: Dubai Land Department. Updated 9 December 2024.
Key facts
- Type
- Studio apartment
- Size
- 518 sqft
- Floor
- 34th of 47
- Parking
- B2-25
- Developer
- The Palm - Jumeirah Co
- Completed
- 2021
- Last sold
- AED 1.9M · December 2024
- Building
- The Palm Tower
About 3408, The Palm Tower
3408 is a studio of 518 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 9 December 2024 for AED 1,900,000, or AED 3,670 per sqft, 11% below the AED 4,131 studios in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 2 August 2023, is AED 92,000 a year: a gross yield of 4.8% on the 2024 price.
Sales and rents for 3408 over time
3408 has sold 3 times; 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 3408 sits
All 194 studios →3408 last sold in December 2024 at AED 3,670 per sqft, 11% below what studios in The Palm Tower were fetching at the time (AED 4,131). 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. 3408's AED 92,000 is at the bottom 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 | ||
| 3407 | Studio | 501 sqft | AED 1.52MAED 1,521,135 · May 2017May 2017 | 120,000 /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 |
3408, The Palm Tower in numbers
- Sold 3 times: first on 20 January 2020 for AED 1,823,100, last on 9 December 2024 for AED 1,900,000 (AED 3,670 per sqft).
- Rented since August 2022 on 2 Ejari contracts, at AED 92,000 a year.
- At AED 92,000 a year the gross yield on the 2024 price is 4.8%.
- 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 9 December 2024.
Questions about 3408, The Palm Tower
What did unit 3408 last sell for?
AED 1,900,000 on 9 December 2024: AED 3,670 per sqft for 518 sqft. The unit has 3 registered sales; the first was AED 1,823,100 in January 2020.
What is the rent for unit 3408?
AED 92,000 a year on the contract renewed on 2 August 2023. The previous contract, from August 2022, was AED 92,000.
How big is unit 3408?
518 sqft (48.1 sqm): a studio on the 34th floor of a 47-storey tower completed in 2021.
What is unit 3408 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 3408, The Palm Tower
Starts from the last sale price (AED 1.9M, 9 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,900,000
- Deposit, UAE resident (20%)
- AED 380,000
- Deposit, non-resident (40%)
- AED 760,000
- Monthly over 25 years at 3.7%
- AED 7,773
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →