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1-bed · 1,079 sqftThe Palm Tower, Palm Jumeirah · 45th floor · completed 2021

4518, The Palm Tower

Sold prices and rental history: sold twice, last in October 2023, and rented once, from March 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4518 · DLD and Ejari recordsUpdated 5 October 2023
Last soldAED 6.5M5 October 2023
Current rentAED 225K /yr10 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4518, The Palm Tower

What is 4518 worth today?

Last sold for AED 6,500,000 in 2023

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5 Oct 2023SoldReady
AED 6,500,000AED 6,024 per sqft
10 Mar 2022RentedNew contract
AED 225,000/yr12 months · AED 209 per sqft
2 Jul 2019Sold by developerOff-plan
AED 4,436,900AED 4,112 per sqft

Source: Dubai Land Department. Updated 5 October 2023.

Key facts

Type
1-bed apartment
Size
1,079 sqft
Floor
45th of 47
Parking
B2-196
Developer
The Palm - Jumeirah Co
Completed
2021
Last sold
AED 6.5M · October 2023
Building
The Palm Tower

About 4518, The Palm Tower

4518 is a one-bedroom apartment of 1,079 sqft on the 45th 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 October 2023 for AED 6,500,000, or AED 6,024 per sqft, 71% above the AED 3,527 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 March 2022. The current contract, signed on 10 March 2022, is AED 225,000 a year: a gross yield of 3.5% on the 2023 price.

Sales and rents for 4518 over time

Sales
Unit 4518, each saleTypical one-bed in The Palm Tower
4M6M20152018202120242027Typical 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, July 2019: AED 4,436,900 (AED 4,112 per sqft)Sold, October 2023: AED 6,500,000 (AED 6,024 per sqft)

4518 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 4518, 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 240,000New contract, March 2022: AED 225,000 a year

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 4518 sits

All 226 1-beds →

4518 last sold in October 2023 at AED 6,024 per sqft, 71% above what one-beds in The Palm Tower were fetching at the time (AED 3,527). 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. 4518's AED 225,000 is in the lower half of that range.

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
45011-bedAED 4.07M · Nov 2022
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
1–7 of 14

4518, The Palm Tower in numbers

  • Sold twice: first on 2 July 2019 for AED 4,436,900, last on 5 October 2023 for AED 6,500,000 (AED 6,024 per sqft).
  • Rented since March 2022 on one Ejari contract, at AED 225,000 a year.
  • At AED 225,000 a year the gross yield on the 2023 price is 3.5%.
  • 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 5 October 2023.

Questions about 4518, The Palm Tower

What did unit 4518 last sell for?

AED 6,500,000 on 5 October 2023: AED 6,024 per sqft for 1,079 sqft. The unit has 2 registered sales; the first was AED 4,436,900 in July 2019.

What is the rent for unit 4518?

AED 225,000 a year on the contract signed on 10 March 2022.

How big is unit 4518?

1,079 sqft (100.2 sqm): a one-bedroom apartment on the 45th floor of a 47-storey tower completed in 2021.

What is unit 4518 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 4518, The Palm Tower

Starts from the last sale price (AED 6.5M, 5 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 6,500,000
Deposit, UAE resident (20%)
AED 1,300,000
Deposit, non-resident (40%)
AED 2,600,000
Monthly over 25 years at 3.7%
AED 26,594

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