4-bed · 5,463 sqftDream Palm Residence, Palm Jumeirah · 7th floor · completed 2013

701, Dream Palm Residence

Sold prices and rental history: sold once, by the developer in July 2015, and rented once, from April 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 19 April 2021

Last soldAED 13.66M30 July 2015

Current rentAED 496K /yr19 April 2021

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 701, Dream Palm Residence

Today

What is 701 worth today?

Last sold for AED 13,656,350 in 2015

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19 Apr 2021

19 Apr 2021RentedNew contract

AED 496,000/yr60 months · AED 91 per sqft

30 Jul 2015

30 Jul 2015Sold by developerReady

AED 13,656,350AED 2,499 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 19 April 2021.

Key facts

Type: 4-bed apartment
Size: 5,463 sqft
Floor: 7th of 7
Parking: B1-46,B1-47,B1-48
Developer: Al Fattan Properties
Completed: 2013
Service charge: AED 143,400 /yr
Last sold: AED 13.66M · July 2015
Building: Dream Palm Residence

About 701, Dream Palm Residence

701 is a four-bedroom apartment of 5,463 sqft on the 7th floor of Dream Palm Residence, a 7-storey tower in Palm Jumeirah completed in 2013 by Al Fattan Properties. The developer sold it on 30 July 2015 for AED 13,656,350, or AED 2,499 per sqft, 9% above the AED 2,299 four-beds in the building were fetching at the time.

One Ejari contract is registered, from 19 April 2021. The current contract, signed on 19 April 2021, is AED 496,000 a year: a gross yield of 3.6% on the 2015 price, before the service charge of about AED 143,400 a year.

4-beds in Dream Palm Residence, and where 701 sits

All 4 4-beds →

701 last sold in July 2015 at AED 2,499 per sqft, 9% above what four-beds in Dream Palm Residence were fetching at the time (AED 2,299).

Recent 4-bed sales	Size	Price (AED)	Per sqft
10 May 202210 May 2022	7,684 sqft	16,000,000	2,082
14 Apr 201514 April 2015	5,975 sqft	13,743,305	2,299
21 Jan 201521 January 2015	5,001 sqft	11,002,178	2,199
29 Apr 201329 April 2013	7,684 sqft	17,670,900	2,299

0 4-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 7th floor

All 29 units in Dream Palm Residence


702	4-bed	5,975 sqft	AED 13.74MAED 13,743,305 · Apr 2015April 2015	1,100,000 /yr
703	5-bed	6,254 sqft	AED 13.76MAED 13,758,206 · Dec 2013December 2013	370,000 /yr
705	4-bed	5,001 sqft	AED 11MAED 11,002,178 · Jan 2015January 2015	725,000 /yr
706	5-bed	7,040 sqft	AED 18MAED 18,000,000 · Dec 2023December 2023	600,000 /yr
708	5-bed	6,887 sqft	AED 15.5MAED 15,496,020 · Mar 2014March 2014

701, Dream Palm Residence in numbers

Sold once: by Al Fattan Properties on 30 July 2015 for AED 13,656,350, or AED 2,499 per sqft.
Rented since April 2021 on one Ejari contract, at AED 496,000 a year.
At AED 496,000 a year the gross yield on the 2015 price is 3.6%, before a service charge of about AED 143,400 a year (AED 26.26 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 19 April 2021.

Questions about 701, Dream Palm Residence

What did unit 701 last sell for?

AED 13,656,350 on 30 July 2015, sold by the developer: AED 2,499 per sqft for 5,463 sqft. It is the only registered sale of the unit.

What is the rent for unit 701?

AED 496,000 a year on the contract signed on 19 April 2021.

How big is unit 701?

5,463 sqft (507.5 sqm): a four-bedroom apartment on the 7th floor of a 7-storey tower completed in 2013.

What is unit 701 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 701, Dream Palm Residence

Starts from the last sale price (AED 13.66M, 30 July 2015). Switch to today's estimate once you have unlocked it.

Price: AED 13,656,350
Deposit, UAE resident (20%): AED 2,731,270
Deposit, non-resident (40%): AED 5,462,540
Monthly over 25 years at 3.7%: AED 55,872

Plus AED 578,577 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →