4702, The Palm Tower
Sold prices and rental history: sold once, by the developer in November 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4702, The Palm Tower
What is 4702 worth today?
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Source: Dubai Land Department. Updated 1 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 2,314 sqft
- Floor
- 47th of 47
- Parking
- B2-159,B2-160
- Developer
- The Palm - Jumeirah Co
- Completed
- 2021
- Last sold
- AED 7.58M · November 2018
- Building
- The Palm Tower
About 4702, The Palm Tower
4702 is a two-bedroom apartment of 2,314 sqft on the 47th 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 1 November 2018 for AED 7,576,220, or AED 3,674 per sqft, 6% below the AED 3,906 two-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 1 July 2024, is AED 730,000 a year: a gross yield of 9.6% on the 2018 price.
Sales and rents for 4702 over time
4702 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in The Palm Tower, and where 4702 sits
All 10 2-beds →4702 last sold in November 2018 at AED 3,674 per sqft, 6% below what two-beds in The Palm Tower were fetching at the time (AED 3,906).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Jun 202315 June 2023 | 2,111 sqft | 12,000,000 | 5,683 | ||
| 30 Jan 202330 January 2023 | 2,121 sqft | 10,500,000 | 4,951 | ||
| 11 Oct 202211 October 2022 | 2,107 sqft | 10,000,000 | 4,746 | ||
| 25 Jul 202225 July 2022 | 2,220 sqft | 11,250,000 | 5,067 |
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 47th floor
All 432 units in The Palm Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4701 | 2-bed | 2,062 sqft | AED 8.83MAED 8,829,936 · Oct 2018October 2018 | ||
| 4703 | 3-bed | 3,146 sqft | AED 14.2MAED 14,200,000 · Mar 2023March 2023 | 1,200,000 /yr | |
| 4704 | 2-bed | 2,420 sqft | AED 7.86MAED 7,860,290 · Nov 2018November 2018 | 780,000 /yr | |
| 4705 | 2-bed | 2,324 sqft | AED 7.55MAED 7,550,380 · Nov 2018November 2018 | 700,000 /yr | |
| 4706 | 2-bed | 2,337 sqft | AED 8.41MAED 8,406,400 · Nov 2021November 2021 |
4702, The Palm Tower in numbers
- Sold once: by The Palm - Jumeirah Co on 1 November 2018 for AED 7,576,220, or AED 3,674 per sqft.
- Rented since December 2022 on 3 Ejari contracts, from AED 600,000 to AED 730,000 a year.
- At AED 730,000 a year the gross yield on the 2018 price is 9.6%.
Source: Dubai Land Department. Updated 1 July 2024.
Questions about 4702, The Palm Tower
What did unit 4702 last sell for?
AED 7,576,220 on 1 November 2018, sold by the developer: AED 3,674 per sqft for 2,314 sqft. It is the only registered sale of the unit.
What is the rent for unit 4702?
AED 730,000 a year on the contract signed on 1 July 2024. The previous contract, from December 2022, was AED 700,000; the unit has been rented since December 2022.
How big is unit 4702?
2,314 sqft (215.0 sqm): a two-bedroom apartment on the 47th floor of a 47-storey tower completed in 2021.
What is unit 4702 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 4702, The Palm Tower
Starts from the last sale price (AED 7.58M, 1 November 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 7,576,220
- Deposit, UAE resident (20%)
- AED 1,515,244
- Deposit, non-resident (40%)
- AED 3,030,488
- Monthly over 25 years at 3.7%
- AED 30,997
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →