3-bed · 2,766 sqftDream Palm Residence, Palm Jumeirah · 2nd floor · completed 2013

203, Dream Palm Residence

Sold prices and rental history: sold twice, last in April 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 24 April 2024
Last soldAED 5.7M24 April 2024
Current rentAED 190K /yr1 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 203, Dream Palm Residence

What is 203 worth today?

Last sold for AED 5,700,000 in 2024

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24 Apr 2024SoldReady
AED 5,700,000AED 2,060 per sqft
1 Jul 2021RentedRenewal
AED 190,000/yr12 months · AED 69 per sqft
1 Jul 2020RentedRenewal
AED 190,000/yr12 months · AED 69 per sqft
1 Jul 2019RentedRenewal
AED 200,000/yr12 months · AED 72 per sqft
1 Jul 2018RentedRenewal
AED 220,000/yr12 months · AED 80 per sqft
1 Jul 2016RentedNew contract
AED 245,000/yr12 months · AED 89 per sqft
1 Jul 2015RentedNew contract
AED 270,000/yr12 months · AED 98 per sqft
5 Mar 2014Sold by developerReady
AED 3,004,300AED 1,086 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 24 April 2024.

Key facts

Type
3-bed apartment
Size
2,766 sqft
Floor
2nd of 7
Parking
B1-35,B1-36
Developer
Al Fattan Properties
Completed
2013
Service charge
AED 72,600 /yr
Last sold
AED 5.7M · April 2024

About 203, Dream Palm Residence

203 is a three-bedroom apartment of 2,766 sqft on the 2nd floor of Dream Palm Residence, a 7-storey tower in Palm Jumeirah completed in 2013 by Al Fattan Properties. It last sold on 24 April 2024 for AED 5,700,000, or AED 2,060 per sqft.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 1 July 2021, is AED 190,000 a year: a gross yield of 3.3% on the 2024 price, before the service charge of about AED 72,600 a year.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical three-bed in Dream Palm Residence
4M6M2013201620192022Typical sale price by year: 2013 AED 6,677,431; 2015 AED 6,615,904; 2021 AED 5,396,888Sold by developer, March 2014: AED 3,004,300 (AED 1,086 per sqft)Sold, April 2024: AED 5,700,000 (AED 2,060 per sqft)

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

Rents
Unit 203, each contractTypical three-bed in Dream Palm Residence
200K400K2015201820212024Typical rent by year: 2015 AED 274,510; 2016 AED 280,000; 2018 AED 235,000; 2020 AED 187,400; 2021 AED 215,000; 2022 AED 265,000; 2023 AED 450,000; 2024 AED 385,000; 2025 AED 412,500New contract, July 2015: AED 270,000 a yearNew contract, July 2016: AED 245,000 a yearRenewal, July 2018: AED 220,000 a yearRenewal, July 2019: AED 200,000 a yearRenewal, July 2020: AED 190,000 a yearRenewal, July 2021: AED 190,000 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 Dream Palm Residence, and where 203 sits

All 13 3-beds →
Recent 3-bed salesUnit no.Price (AED)Summary
24 Jul 20257,150,000
30 Apr 20256,600,000
28 Nov 20237,500,000
15 Sep 20214,165,000
0 3-bed sales in the last 12 months

Dream Palm Residence

Building

29 apartments, 2-bed to 5-bed over 7 floors in Palm Jumeirah, completed in 2013 by Al Fattan Properties. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 395K /yr
Typical yield
Dream Palm Residence, Palm Jumeirah: prices, sales and rents →

Other units on the 2nd floor

All 29 units in Dream Palm Residence
Value
2012-bedAED 6.11M · May 2013
2163-bedAED 6.55M · Nov 2013

203, Dream Palm Residence in numbers

  • Sold twice: first on 5 March 2014 for AED 3,004,300, last on 24 April 2024 for AED 5,700,000 (AED 2,060 per sqft).
  • Rented since July 2015 on 6 Ejari contracts, from AED 270,000 to AED 190,000 a year.
  • At AED 190,000 a year the gross yield on the 2024 price is 3.3%, before a service charge of about AED 72,600 a year (AED 26.26 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 24 April 2024.

Questions about 203, Dream Palm Residence

What did unit 203 last sell for?

AED 5,700,000 on 24 April 2024: AED 2,060 per sqft for 2,766 sqft. The unit has 2 registered sales; the first was AED 3,004,300 in March 2014.

What is the rent for unit 203?

AED 190,000 a year on the contract renewed on 1 July 2021. The previous contract, from July 2020, was AED 190,000; the unit has been rented since July 2015.

How big is unit 203?

2,766 sqft (257.0 sqm): a three-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2013.

What is unit 203 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 203, Dream Palm Residence

Starts from the last sale price (AED 5.7M, 24 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,700,000
Deposit, UAE resident (20%)
AED 1,140,000
Deposit, non-resident (40%)
AED 2,280,000
Monthly over 25 years at 3.7%
AED 23,320

Plus AED 244,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →