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3-bed · 1,897 sqftPalladium Tower, Jumeirah Lake Towers (JLT) · 29th floor · completed 2007

2908, Palladium Tower

Sold prices and rental history: sold twice, last in June 2017, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2908 · DLD and Ejari recordsUpdated 5 June 2017
Last soldAED 1.95M5 June 2017
Current rentAED 170K /yr13 October 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2908, Palladium Tower

What is 2908 worth today?

Last sold for AED 1,950,000 in 2017

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5 Jun 2017SoldReady
AED 1,950,000AED 1,027 per sqft
13 Oct 2015RentedNew contract
AED 170,001/yr8 months · AED 90 per sqft
10 Oct 2014RentedNew contract
AED 170,000/yr12 months · AED 90 per sqft
7 Sep 2013RentedNew contract
AED 130,000/yr12 months · AED 69 per sqft
20 Dec 2012Sold by developerReady
AED 1,170,612AED 617 per sqft
6 Sep 2012RentedNew contract
AED 110,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 5 June 2017.

Key facts

Type
3-bed apartment
Size
1,897 sqft
Floor
29th of 33
Parking
1
Developer
ETA Star Property Developers
Completed
2007
Service charge
AED 23,500 /yr
Last sold
AED 1.95M · June 2017
Building
Palladium Tower

About 2908, Palladium Tower

2908 is a three-bedroom apartment of 1,897 sqft on the 29th floor of Palladium Tower, a 33-storey tower in Jumeirah Lake Towers (JLT) completed in 2007 by ETA Star Property Developers. It last sold on 5 June 2017 for AED 1,950,000, or AED 1,027 per sqft, in line with the AED 1,001 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, signed on 13 October 2015, is AED 170,001 a year: a gross yield of 8.7% on the 2017 price, before the service charge of about AED 23,500 a year.

Sales and rents for 2908 over time

Sales
Unit 2908, each saleTypical three-bed in Palladium Tower
1.5M2M2009201320172021Typical sale price by year: 2009 AED 1,612,450; 2010 AED 1,600,000; 2011 AED 1,200,042; 2012 AED 1,565,025; 2013 AED 1,410,306; 2014 AED 1,790,179; 2015 AED 1,800,000; 2017 AED 1,950,000; 2021 AED 1,540,000; 2023 AED 2,100,000Sold by developer, December 2012: AED 1,170,612 (AED 617 per sqft)Sold, June 2017: AED 1,950,000 (AED 1,027 per sqft)

2908 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2908, each contractTypical three-bed in Palladium Tower
100K150K2012201620202024Typical rent by year: 2012 AED 100,000; 2013 AED 125,000; 2014 AED 150,500; 2015 AED 151,000; 2016 AED 153,000; 2017 AED 137,000; 2018 AED 125,000; 2019 AED 110,000; 2020 AED 94,000; 2021 AED 102,000; 2022 AED 117,000; 2023 AED 130,000; 2024 AED 145,000; 2025 AED 170,000New contract, September 2012: AED 110,000 a yearNew contract, September 2013: AED 130,000 a yearNew contract, October 2014: AED 170,000 a yearNew contract, October 2015: AED 170,001 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Palladium Tower, and where 2908 sits

All 33 3-beds →

2908 last sold in June 2017 at AED 1,027 per sqft, in line with what three-beds in Palladium Tower were fetching at the time (AED 1,001). 2908's AED 170,001 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
29 May 20252,206,000
28 Jan 20252,600,000
5 Jun 20242,350,000
8 Nov 20232,200,000
0 3-bed sales in the last 12 months

Palladium Tower

Building

211 apartments, 1-bed to 3-bed over 33 floors in Jumeirah Lake Towers (JLT), completed in 2007 by ETA Star Property Developers. 5 sold in the last 12 months.

Typical price per sqft
AED 1,496
Typical sale
AED 1.73M
Typical rent
AED 125K /yr
Typical yield
6.4%
Palladium Tower, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 29th floor

All 211 units in Palladium Tower
Value
29013-bedAED 1.17M · Feb 2013
29022-bedAED 727K · Mar 2013
29032-bedAED 727K · Mar 2013
29043-bedAED 1.17M · Mar 2013
29053-bedAED 1.2M · Jan 2015
29062-bedAED 727K · May 2013
29072-bedAED 1M · Apr 2021

2908, Palladium Tower in numbers

  • Sold twice: first on 20 December 2012 for AED 1,170,612, last on 5 June 2017 for AED 1,950,000 (AED 1,027 per sqft).
  • Rented since September 2012 on 4 Ejari contracts, from AED 110,000 to AED 170,001 a year.
  • At AED 170,001 a year the gross yield on the 2017 price is 8.7%, before a service charge of about AED 23,500 a year (AED 12.39 per sqft).

Source: Dubai Land Department. Updated 5 June 2017.

Questions about 2908, Palladium Tower

What did unit 2908 last sell for?

AED 1,950,000 on 5 June 2017: AED 1,027 per sqft for 1,897 sqft. The unit has 2 registered sales; the first was AED 1,170,612 in December 2012.

What is the rent for unit 2908?

AED 170,001 a year on the contract signed on 13 October 2015. The previous contract, from October 2014, was AED 170,000; the unit has been rented since September 2012.

How big is unit 2908?

1,897 sqft (176.2 sqm): a three-bedroom apartment on the 29th floor of a 33-storey tower completed in 2007.

What is unit 2908 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 2908, Palladium Tower

Starts from the last sale price (AED 1.95M, 5 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,950,000
Deposit, UAE resident (20%)
AED 390,000
Deposit, non-resident (40%)
AED 780,000
Monthly over 25 years at 3.7%
AED 7,978

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