Studio · 524 sqftThe Palm Tower, Palm Jumeirah · 35th floor · completed 2021

3517, The Palm Tower

Sold prices and rental history: sold twice, last in July 2023, and rented once, from October 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3517 · DLD and Ejari recordsUpdated 9 October 2023
Last soldAED 2.04M5 July 2023
Current rentAED 166K /yr9 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3517, The Palm Tower

What is 3517 worth today?

Last sold for AED 2,035,000 in 2023

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9 Oct 2023RentedNew contract
AED 166,000/yr6 months · AED 315 per sqft
5 Jul 2023SoldReady
AED 2,035,000AED 3,886 per sqft
2 Jul 2019Sold by developerOff-plan
AED 1,879,400AED 3,707 per sqft

Source: Dubai Land Department. Updated 9 October 2023.

Key facts

Type
Studio apartment
Size
524 sqft
Floor
35th of 47
Parking
B2-18
Developer
The Palm - Jumeirah Co
Completed
2021
Last sold
AED 2.04M · July 2023

About 3517, The Palm Tower

3517 is a studio of 524 sqft on the 35th floor of The Palm Tower, a 47-storey tower in Palm Jumeirah completed in 2021 by The Palm - Jumeirah Co. It last sold on 5 July 2023 for AED 2,035,000, or AED 3,886 per sqft, 9% above the AED 3,556 studios in the building were fetching at the time.

One Ejari contract is registered, from 9 October 2023. The current contract, signed on 9 October 2023, is AED 166,000 a year: a gross yield of 8.2% on the 2023 price.

Sales and rents for 3517 over time

Sales
Unit 3517, 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, July 2019: AED 1,879,400 (AED 3,707 per sqft)Sold, July 2023: AED 2,035,000 (AED 3,886 per sqft)

3517 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 3517, each contractTypical studio in The Palm Tower
100K150K202220242026Typical rent by year: 2022 AED 102,500; 2023 AED 120,000; 2024 AED 120,000; 2025 AED 125,000; 2026 AED 115,000New contract, October 2023: AED 166,000 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 3517 sits

All 194 studios →

3517 last sold in July 2023 at AED 3,886 per sqft, 9% above what studios in The Palm Tower were fetching at the time (AED 3,556). 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. 3517's AED 166,000 is in the upper 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 35th floor

All 432 units in The Palm Tower
Value
35011-bedAED 3.19M · Nov 2021
3503StudioAED 2.33M · Jan 2026
3504StudioAED 2.2M · Feb 2025
35051-bedAED 3.14M · Nov 2018
3506StudioAED 2.15M · May 2024
3507StudioAED 2.24M · Jan 2024
3508StudioAED 1.85M · Mar 2020
1–7 of 15

3517, The Palm Tower in numbers

  • Sold twice: first on 2 July 2019 for AED 1,879,400, last on 5 July 2023 for AED 2,035,000 (AED 3,886 per sqft).
  • Rented since October 2023 on one Ejari contract, at AED 166,000 a year.
  • At AED 166,000 a year the gross yield on the 2023 price is 8.2%.
  • 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 October 2023.

Questions about 3517, The Palm Tower

What did unit 3517 last sell for?

AED 2,035,000 on 5 July 2023: AED 3,886 per sqft for 524 sqft. The unit has 2 registered sales; the first was AED 1,879,400 in July 2019.

What is the rent for unit 3517?

AED 166,000 a year on the contract signed on 9 October 2023.

How big is unit 3517?

524 sqft (48.7 sqm): a studio on the 35th floor of a 47-storey tower completed in 2021.

What is unit 3517 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 3517, The Palm Tower

Starts from the last sale price (AED 2.04M, 5 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,035,000
Deposit, UAE resident (20%)
AED 407,000
Deposit, non-resident (40%)
AED 814,000
Monthly over 25 years at 3.7%
AED 8,326

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