4-bed · 5,001 sqftDream Palm Residence, Palm Jumeirah · 7th floor · completed 2013

705, Dream Palm Residence

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

Unit 705 · DLD and Ejari recordsUpdated 15 November 2022

Last soldAED 11M21 January 2015

Current rentAED 725K /yr15 November 2022

Estimated yieldfree after one verification

Today's valuefree after one verification

Property timeline for 705, Dream Palm Residence

Today

What is 705 worth today?

Last sold for AED 11,002,178 in 2015

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15 Nov 2022

15 Nov 2022RentedNew contract

AED 725,000/yr12 months · AED 145 per sqft

3 Jul 2021

3 Jul 2021RentedNew contract

AED 620,000/yr12 months · AED 124 per sqft

21 Jan 2015

21 Jan 2015Sold by developerReady

AED 11,002,178AED 2,199 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 November 2022.

Key facts

Type: 4-bed apartment
Size: 5,001 sqft
Floor: 7th of 7
Parking: B1-103,B1-104,B1-105
Developer: Al Fattan Properties
Completed: 2013
Service charge: AED 131,300 /yr
Last sold: AED 11M · January 2015
Building: Dream Palm Residence

About 705, Dream Palm Residence

705 is a four-bedroom apartment of 5,001 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 21 January 2015 for AED 11,002,178, or AED 2,199 per sqft.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 15 November 2022, is AED 725,000 a year: a gross yield of 6.6% on the 2015 price, before the service charge of about AED 131,300 a year.

4-beds in Dream Palm Residence, and where 705 sits

All 4 4-beds →

Recent 4-bed sales	Size	Price (AED)	Per sqft
10 May 202210 May 2022	7,684 sqft	16,000,000	2,082
30 Jul 201530 July 2015	5,463 sqft	13,656,350	2,499
14 Apr 201514 April 2015	5,975 sqft	13,743,305	2,299
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


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
703	5-bed	6,254 sqft	AED 13.76MAED 13,758,206 · Dec 2013December 2013	370,000 /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

705, Dream Palm Residence in numbers

Sold once: by Al Fattan Properties on 21 January 2015 for AED 11,002,178, or AED 2,199 per sqft.
Rented since July 2021 on 2 Ejari contracts, from AED 620,000 to AED 725,000 a year.
At AED 725,000 a year the gross yield on the 2015 price is 6.6%, before a service charge of about AED 131,300 a year (AED 26.26 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 15 November 2022.

Questions about 705, Dream Palm Residence

What did unit 705 last sell for?

AED 11,002,178 on 21 January 2015, sold by the developer: AED 2,199 per sqft for 5,001 sqft. It is the only registered sale of the unit.

What is the rent for unit 705?

AED 725,000 a year on the contract signed on 15 November 2022. The previous contract, from July 2021, was AED 620,000.

How big is unit 705?

5,001 sqft (464.6 sqm): a four-bedroom apartment on the 7th floor of a 7-storey tower completed in 2013.

What is unit 705 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 705, Dream Palm Residence

Starts from the last sale price (AED 11M, 21 January 2015). Switch to today's estimate once you have unlocked it.

Price: AED 11,002,178
Deposit, UAE resident (20%): AED 2,200,436
Deposit, non-resident (40%): AED 4,400,871
Monthly over 25 years at 3.7%: AED 45,013

Plus AED 467,101 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →