1-bed · 1,032 sqftThe Palm Tower, Palm Jumeirah · 45th floor · completed 2021

4501, The Palm Tower

Sold prices and rental history: sold once, by the developer in November 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4501 · DLD and Ejari recordsUpdated 24 November 2022
Last soldAED 4.07M24 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4501, The Palm Tower

What is 4501 worth today?

Last sold for AED 4,072,000 in 2022

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24 Nov 2022Sold by developerReady
AED 4,072,000AED 3,947 per sqft

Source: Dubai Land Department. Updated 24 November 2022.

Key facts

Type
1-bed apartment
Size
1,032 sqft
Floor
45th of 47
Parking
B2-137
Developer
The Palm - Jumeirah Co
Completed
2021
Last sold
AED 4.07M · November 2022

About 4501, The Palm Tower

4501 is a one-bedroom apartment of 1,032 sqft on the 45th 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 24 November 2022 for AED 4,072,000, or AED 3,947 per sqft, 20% above the AED 3,302 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 4501 over time

Sales
Unit 4501, 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 2022: AED 4,072,000 (AED 3,947 per sqft)

4501 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 4501, 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 4501 sits

All 226 1-beds →

4501 last sold in November 2022 at AED 3,947 per sqft, 20% above what one-beds in The Palm Tower were fetching at the time (AED 3,302). 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 45th floor

All 432 units in The Palm Tower
Value
45021-bedAED 3.84M · Dec 2022
45051-bedAED 3.2M · Nov 2023
4506StudioAED 1.62M · Nov 2023
45071-bedAED 3.95M · Apr 2024
45091-bedAED 3.75M · Oct 2021
45101-bedAED 4.41M · Nov 2016
45111-bedAED 4.15M · Oct 2021
1–7 of 14

4501, The Palm Tower in numbers

  • Sold once: by The Palm - Jumeirah Co on 24 November 2022 for AED 4,072,000, or AED 3,947 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 24 November 2022.

Questions about 4501, The Palm Tower

What did unit 4501 last sell for?

AED 4,072,000 on 24 November 2022, sold by the developer: AED 3,947 per sqft for 1,032 sqft. It is the only registered sale of the unit.

How big is unit 4501?

1,032 sqft (95.9 sqm): a one-bedroom apartment on the 45th floor of a 47-storey tower completed in 2021.

What is unit 4501 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 4501, The Palm Tower

Starts from the last sale price (AED 4.07M, 24 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,072,000
Deposit, UAE resident (20%)
AED 814,400
Deposit, non-resident (40%)
AED 1,628,800
Monthly over 25 years at 3.7%
AED 16,660

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