703, Dream Palm Residence
Sold prices and rental history: sold once, by the developer in December 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 703, Dream Palm Residence
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2023.
Key facts
- Type
- 5-bed apartment
- Size
- 6,254 sqft
- Floor
- 7th of 7
- Parking
- B1-52,B1-53,B1-54,B1-55
- Developer
- Al Fattan Properties
- Completed
- 2013
- Service charge
- AED 164,200 /yr
- Last sold
- AED 13.76M · December 2013
- Building
- Dream Palm Residence
About 703, Dream Palm Residence
703 is a five-bedroom apartment of 6,254 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 5 December 2013 for AED 13,758,206, or AED 2,199 per sqft.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 1 August 2023, is AED 370,000 a year: a gross yield of 2.7% on the 2013 price, before the service charge of about AED 164,200 a year.
5-beds in Dream Palm Residence, and where 703 sits
All 3 5-beds →| Recent 5-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Dec 202321 December 2023 | 7,040 sqft | 18,000,000 | 2,556 | ||
| 4 Oct 20234 October 2023 | 7,040 sqft | 15,500,000 | 2,201 | ||
| 27 May 201427 May 2014 | 7,040 sqft | 15,487,670 | 2,199 | ||
| 10 Mar 201410 March 2014 | 6,887 sqft | 15,496,020 | 2,250 |
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 7th floor
All 29 units in Dream Palm Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 4-bed | 5,463 sqft | AED 13.66MAED 13,656,350 · Jul 2015July 2015 | 496,000 /yr | |
| 702 | 4-bed | 5,975 sqft | AED 13.74MAED 13,743,305 · Apr 2015April 2015 | 1,100,000 /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 |
703, Dream Palm Residence in numbers
- Sold once: by Al Fattan Properties on 5 December 2013 for AED 13,758,206, or AED 2,199 per sqft.
- Rented since July 2018 on 4 Ejari contracts, from AED 350,000 to AED 370,000 a year.
- At AED 370,000 a year the gross yield on the 2013 price is 2.7%, before a service charge of about AED 164,200 a year (AED 26.26 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2023.
Questions about 703, Dream Palm Residence
What did unit 703 last sell for?
AED 13,758,206 on 5 December 2013, sold by the developer: AED 2,199 per sqft for 6,254 sqft. It is the only registered sale of the unit.
What is the rent for unit 703?
AED 370,000 a year on the contract signed on 1 August 2023. The previous contract, from August 2021, was AED 325,000; the unit has been rented since July 2018.
How big is unit 703?
6,254 sqft (581.0 sqm): a five-bedroom apartment on the 7th floor of a 7-storey tower completed in 2013.
What is unit 703 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 703, Dream Palm Residence
Starts from the last sale price (AED 13.76M, 5 December 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 13,758,206
- Deposit, UAE resident (20%)
- AED 2,751,641
- Deposit, non-resident (40%)
- AED 5,503,282
- Monthly over 25 years at 3.7%
- AED 56,289
Plus AED 582,854 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →