706, Dream Palm Residence
Sold prices and rental history: sold 3 times, last in December 2023, and rented once, from February 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 706, Dream Palm Residence
What is 706 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 21 December 2023.
Key facts
- Type
- 5-bed apartment
- Size
- 7,040 sqft
- Floor
- 7th of 7
- Parking
- B1-106,B1-107,B1-108,B1-109
- Developer
- Al Fattan Properties
- Completed
- 2013
- Service charge
- AED 184,900 /yr
- Last sold
- AED 18M · December 2023
- Building
- Dream Palm Residence
About 706, Dream Palm Residence
706 is a five-bedroom apartment of 7,040 sqft on the 7th floor of Dream Palm Residence, a 7-storey tower in Palm Jumeirah completed in 2013 by Al Fattan Properties. It last sold on 21 December 2023 for AED 18,000,000, or AED 2,556 per sqft.
One Ejari contract is registered, from 10 February 2021. The current contract, signed on 10 February 2021, is AED 600,000 a year: a gross yield of 3.3% on the 2023 price, before the service charge of about AED 184,900 a year.
5-beds in Dream Palm Residence, and where 706 sits
All 3 5-beds →| Recent 5-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Mar 201410 March 2014 | 6,887 sqft | 15,496,020 | 2,250 | ||
| 5 Dec 20135 December 2013 | 6,254 sqft | 13,758,206 | 2,199 |
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 | |
| 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 | |
| 708 | 5-bed | 6,887 sqft | AED 15.5MAED 15,496,020 · Mar 2014March 2014 |
706, Dream Palm Residence in numbers
- Sold 3 times: first on 27 May 2014 for AED 15,487,670, last on 21 December 2023 for AED 18,000,000 (AED 2,556 per sqft).
- Rented since February 2021 on one Ejari contract, at AED 600,000 a year.
- At AED 600,000 a year the gross yield on the 2023 price is 3.3%, before a service charge of about AED 184,900 a year (AED 26.26 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 21 December 2023.
Questions about 706, Dream Palm Residence
What did unit 706 last sell for?
AED 18,000,000 on 21 December 2023: AED 2,556 per sqft for 7,040 sqft. The unit has 3 registered sales; the first was AED 15,487,670 in May 2014.
What is the rent for unit 706?
AED 600,000 a year on the contract signed on 10 February 2021.
How big is unit 706?
7,040 sqft (654.0 sqm): a five-bedroom apartment on the 7th floor of a 7-storey tower completed in 2013.
What is unit 706 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 706, Dream Palm Residence
Starts from the last sale price (AED 18M, 21 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 18,000,000
- Deposit, UAE resident (20%)
- AED 3,600,000
- Deposit, non-resident (40%)
- AED 7,200,000
- Monthly over 25 years at 3.7%
- AED 73,644
Plus AED 761,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →