616, Dream Palm Residence
Sold prices and rental history: sold once, by the developer in March 2015, and rented once, from March 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 616, Dream Palm Residence
What is 616 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 March 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 3,571 sqft
- Floor
- 6th of 7
- Parking
- B2-182,B2-183
- Developer
- Al Fattan Properties
- Completed
- 2013
- Service charge
- AED 93,800 /yr
- Last sold
- AED 7.55M · March 2015
- Building
- Dream Palm Residence
About 616, Dream Palm Residence
616 is a three-bedroom apartment of 3,571 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 24 March 2015 for AED 7,547,292, or AED 2,113 per sqft, 4% below the AED 2,199 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 March 2022. The current contract, signed on 1 March 2022, is AED 265,000 a year: a gross yield of 3.5% on the 2015 price, before the service charge of about AED 93,800 a year.
Sales and rents for 616 over time
616 has sold once; the dashed line is the three-bed median of each year in the building.
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 616 sits
All 13 3-beds →616 last sold in March 2015 at AED 2,113 per sqft, 4% below what three-beds in Dream Palm Residence were fetching at the time (AED 2,199).
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jul 202524 July 2025 | 3,423 sqft | 7,150,000 | 2,088 | ||
| 30 Apr 202530 April 2025 | 3,140 sqft | 6,600,000 | 2,101 | ||
| 24 Apr 202424 April 2024 | 2,766 sqft | 5,700,000 | 2,060 | ||
| 28 Nov 202328 November 2023 | 2,983 sqft | 7,500,000 | 2,514 |
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 Residence616, Dream Palm Residence in numbers
- Sold once: by Al Fattan Properties on 24 March 2015 for AED 7,547,292, or AED 2,113 per sqft.
- Rented since March 2022 on one Ejari contract, at AED 265,000 a year.
- At AED 265,000 a year the gross yield on the 2015 price is 3.5%, before a service charge of about AED 93,800 a year (AED 26.26 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 1 March 2022.
Questions about 616, Dream Palm Residence
What did unit 616 last sell for?
AED 7,547,292 on 24 March 2015, sold by the developer: AED 2,113 per sqft for 3,571 sqft. It is the only registered sale of the unit.
What is the rent for unit 616?
AED 265,000 a year on the contract signed on 1 March 2022.
How big is unit 616?
3,571 sqft (331.8 sqm): a three-bedroom apartment on the 6th floor of a 7-storey tower completed in 2013.
What is unit 616 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 616, Dream Palm Residence
Starts from the last sale price (AED 7.55M, 24 March 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 7,547,292
- Deposit, UAE resident (20%)
- AED 1,509,458
- Deposit, non-resident (40%)
- AED 3,018,917
- Monthly over 25 years at 3.7%
- AED 30,878
Plus AED 321,997 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →