508, Palace Residences 2
Sold prices and rental history: sold once, by the developer in July 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Palace Residences 2
What is 508 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,207 sqft
- Floor
- 5th of 22
- Parking
- 1
- Developer
- Dubai Hills Estate
- Last sold
- AED 2.62M · July 2024
- Building
- Palace Residences 2
About 508, Palace Residences 2
508 is a two-bedroom apartment of 1,207 sqft on the 5th floor of Palace Residences 2, a 22-storey tower in Dubai Hills Estate by Dubai Hills Estate. The developer sold it on 15 July 2024 for AED 2,615,888, or AED 2,167 per sqft, 12% below the AED 2,455 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 508 over time
508 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in Palace Residences 2, and where 508 sits
All 140 2-beds →508 last sold in July 2024 at AED 2,167 per sqft, 12% below what two-beds in Palace Residences 2 were fetching at the time (AED 2,455). Over the last 12 months two-beds sold for AED 2,602,888 to 2,905,888, around AED 2,480 per sqft.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Feb 202616 February 2026 | 1,169 sqft | 2,900,000 | 2,480 | ||
| 16 Jan 202616 January 2026 | 1,160 sqft | 2,905,888 | 2,505 | ||
| 20 Dec 202520 December 2025 | 1,219 sqft | 2,602,888 | 2,135 | ||
| 8 Jul 20258 July 2025 | 1,204 sqft | 2,583,888 | 2,145 |
Palace Residences 2
Building307 apartments, 1-bed to 3-bed over 22 floors in Dubai Hills Estate by Dubai Hills Estate. 5 sold in the last 12 months.
- Typical price per sqft
- AED 2,443
- Typical sale
- AED 2.6M
- Typical rent
- Few contracts
- Typical yield
Other units on the 5th floor
All 307 units in Palace Residences 2| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,112 sqft | AED 2.66MAED 2,663,530 · Jul 2024July 2024 | ||
| 502 | 2-bed | 1,116 sqft | AED 2.75MAED 2,752,888 · Jul 2024July 2024 | ||
| 503 | 3-bed | 1,545 sqft | AED 4.07MAED 4,066,888 · Jul 2024July 2024 | ||
| 504 | 2-bed | 1,222 sqft | AED 3.03MAED 3,026,888 · Jul 2024July 2024 | ||
| 505 | 1-bed | 752 sqft | AED 1.88MAED 1,881,888 · Jul 2024July 2024 | ||
| 506 | 1-bed | 747 sqft | AED 1.85MAED 1,851,888 · Aug 2024August 2024 | ||
| 507 | 1-bed | 752 sqft | AED 1.79MAED 1,789,888 · Jul 2024July 2024 | ||
| 509 | 1-bed | 758 sqft | AED 1.81MAED 1,808,888 · Jul 2024July 2024 | ||
| 510 | 1-bed | 743 sqft | AED 1.77MAED 1,770,888 · Jul 2024July 2024 | ||
| 511 | 1-bed | 751 sqft | AED 1.79MAED 1,791,888 · Jul 2024July 2024 | ||
| 512 | 1-bed | 747 sqft | AED 1.78MAED 1,781,888 · Jul 2024July 2024 | ||
| 513 | 2-bed | 1,218 sqft | AED 2.62MAED 2,624,888 · Jul 2024July 2024 | ||
| 514 | 3-bed | 1,544 sqft | AED 3.79MAED 3,793,888 · Jul 2024July 2024 | ||
| 515 | 2-bed | 1,160 sqft | AED 2.82MAED 2,815,430 · Jul 2024July 2024 | ||
| 516 | 2-bed | 1,169 sqft | AED 2.83MAED 2,830,130 · Jul 2024July 2024 |
508, Palace Residences 2 in numbers
- Sold once: by Dubai Hills Estate on 15 July 2024 for AED 2,615,888, or AED 2,167 per sqft.
- Two-beds in Palace Residences 2 sold for AED 2,602,888–2,905,888 in the 12 months to November 2026; the building's median across all types is AED 2,443 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 15 July 2024.
Questions about 508, Palace Residences 2
What did unit 508 last sell for?
AED 2,615,888 on 15 July 2024, sold by the developer: AED 2,167 per sqft for 1,207 sqft. It is the only registered sale of the unit.
How big is unit 508?
1,207 sqft (112.1 sqm): a two-bedroom apartment on the 5th floor of a 22-storey tower.
What is unit 508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palace Residences 2 sold for AED 2,602,888 to 2,905,888 in the last 12 months, around AED 2,480 per sqft.
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Mortgage on 508, Palace Residences 2
Starts from the last sale price (AED 2.62M, 15 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,615,888
- Deposit, UAE resident (20%)
- AED 523,178
- Deposit, non-resident (40%)
- AED 1,046,355
- Monthly over 25 years at 3.7%
- AED 10,702
Plus AED 114,878 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →