601, Dream Palm Residence
Sold prices and rental history: sold once, by the developer in May 2013, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 601, Dream Palm Residence
What is 601 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 27 November 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 2,330 sqft
- Floor
- 6th of 7
- Parking
- B1-27
- Developer
- Al Fattan Properties
- Completed
- 2013
- Service charge
- AED 61,200 /yr
- Last sold
- AED 5.48M · May 2013
- Building
- Dream Palm Residence
About 601, Dream Palm Residence
601 is a two-bedroom apartment of 2,330 sqft on the 6th floor of Dream Palm Residence, a 7-storey tower in Palm Jumeirah completed in 2013 by Al Fattan Properties. The developer sold it on 21 May 2013 for AED 5,476,182, or AED 2,349 per sqft, in line with the AED 2,349 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 27 November 2023, is AED 320,000 a year: a gross yield of 5.8% on the 2013 price, before the service charge of about AED 61,200 a year.
Sales and rents for 601 over time
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Dream Palm Residence, and where 601 sits
All 9 2-beds →601 last sold in May 2013 at AED 2,349 per sqft, in line with what two-beds in Dream Palm Residence were fetching at the time (AED 2,349).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Dec 202216 December 2022 | 2,243 sqft | 4,300,000 | 1,917 | ||
| 28 Apr 202228 April 2022 | 2,329 sqft | 3,700,000 | 1,588 | ||
| 19 Oct 202119 October 2021 | 2,217 sqft | 3,321,000 | 1,497 | ||
| 15 Sep 202115 September 2021 | 2,769 sqft | 3,075,000 | 1,110 |
Dream Palm Residence
Building29 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
Other units on the 6th floor
All 29 units in Dream Palm Residence601, Dream Palm Residence in numbers
- Sold once: by Al Fattan Properties on 21 May 2013 for AED 5,476,182, or AED 2,349 per sqft.
- Rented since June 2018 on 6 Ejari contracts. The rent fell from AED 200,000 to AED 160,000 in 2020 and recovered to AED 320,000 by November 2023.
- At AED 320,000 a year the gross yield on the 2013 price is 5.8%, before a service charge of about AED 61,200 a year (AED 26.26 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 27 November 2023.
Questions about 601, Dream Palm Residence
What did unit 601 last sell for?
AED 5,476,182 on 21 May 2013, sold by the developer: AED 2,349 per sqft for 2,330 sqft. It is the only registered sale of the unit.
What is the rent for unit 601?
AED 320,000 a year on the contract signed on 27 November 2023. The previous contract, from December 2021, was AED 260,000; the unit has been rented since June 2018.
How big is unit 601?
2,330 sqft (216.5 sqm): a two-bedroom apartment on the 6th floor of a 7-storey tower completed in 2013.
What is unit 601 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 601? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 601, Dream Palm Residence
Starts from the last sale price (AED 5.48M, 21 May 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 5,476,182
- Deposit, UAE resident (20%)
- AED 1,095,236
- Deposit, non-resident (40%)
- AED 2,190,473
- Monthly over 25 years at 3.7%
- AED 22,405
Plus AED 235,009 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →