Studio · 548 sqftPalm Views West, Palm Jumeirah · 1st floor · completed 2014

116, Palm Views West

Sold prices and rental history: sold twice, last in December 2015, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 15 January 2025
Last soldAED 1.25M22 December 2015
Current rentAED 80K /yr15 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 116, Palm Views West

What is 116 worth today?

Last sold for AED 1,250,000 in 2015

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15 Jan 2025RentedRenewal
AED 80,000/yr12 months · AED 146 per sqft
15 Jan 2024RentedRenewal
AED 80,000/yr12 months · AED 149 per sqft
15 Jan 2024RentedRenewal
AED 80,000/yr12 months · AED 146 per sqft
15 Jan 2024RentedRenewal
AED 79,786/yr12 months · AED 148 per sqft
14 Jan 2022RentedNew contract
AED 65,000/yr12 months · AED 118 per sqft
18 Nov 2020RentedNew contract
AED 48,000/yr12 months · AED 87 per sqft
28 Nov 2017RentedNew contract
AED 75,000/yr12 months · AED 137 per sqft
22 Dec 2015SoldOff-plan
AED 1,250,000AED 2,280 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 January 2025.

Key facts

Type
Studio apartment
Size
548 sqft
Floor
1st of 4
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2014
Service charge
AED 14,600 /yr
Last sold
AED 1.25M · December 2015

About 116, Palm Views West

116 is a studio of 548 sqft on the 1st floor of Palm Views West, a 4-storey tower in Palm Jumeirah completed in 2014 by The Palm - Jumeirah Co. It last sold on 22 December 2015 for AED 1,250,000, or AED 2,280 per sqft, 15% above the AED 1,976 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 15 January 2025, is AED 80,000 a year: a gross yield of 6.4% on the 2015 price, before the service charge of about AED 14,600 a year.

Sales and rents for 116 over time

Sales
Unit 116, each saleTypical studio in Palm Views West
500K1M1.5M2013201720212025Typical sale price by year: 2013 AED 1,050,000; 2014 AED 1,050,000; 2015 AED 1,000,000; 2016 AED 1,100,000; 2017 AED 1,160,000; 2018 AED 950,000; 2020 AED 645,000; 2021 AED 887,500; 2022 AED 960,000; 2023 AED 1,275,000; 2024 AED 1,440,000; 2025 AED 1,480,000Sold by developer, October 2013: AED 1,050,000 (AED 1,915 per sqft)Sold, December 2015: AED 1,250,000 (AED 2,280 per sqft)

116 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 116, each contractTypical studio in Palm Views West
50K75K100K2016201920222025Typical rent by year: 2016 AED 80,000; 2017 AED 75,000; 2018 AED 68,500; 2019 AED 63,000; 2020 AED 55,000; 2021 AED 55,000; 2022 AED 65,000; 2023 AED 80,000; 2024 AED 80,000; 2025 AED 85,000; 2026 AED 95,000New contract, November 2017: AED 75,000 a yearNew contract, November 2020: AED 48,000 a yearNew contract, January 2022: AED 65,000 a yearRenewal, January 2024: AED 80,000 a yearRenewal, January 2024: AED 80,000 a yearRenewal, January 2024: AED 79,786 a yearRenewal, January 2025: AED 80,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Palm Views West, and where 116 sits

All 87 studios →

116 last sold in December 2015 at AED 2,280 per sqft, 15% above what studios in Palm Views West were fetching at the time (AED 1,976). Over the last 12 months studios sold for AED 1,600,000, around AED 2,919 per sqft, and rent for AED 78,800 to 110,000 a year. 116's AED 80,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
22 Dec 20251,600,000
11 Jul 20251,575,000
8 Jul 20251,400,000
3 Jul 20251,570,000
1 studio sale in the last 12 months

Palm Views West

Building

95 apartments, studios to 1-bed over 4 floors in Palm Jumeirah, completed in 2014 by The Palm - Jumeirah Co. 2 sold in the last 12 months.

Typical price per sqft
AED 2,769
Typical sale
AED 2.25M
Typical rent
AED 90K /yr
Typical yield
5.9%
Palm Views West, Palm Jumeirah: prices, sales and rents →

Other units on the 1st floor

All 95 units in Palm Views West
Value
101StudioAED 1.1M · Oct 2013
102StudioAED 1.35M · Oct 2023
103StudioAED 1.47M · Nov 2024
104StudioAED 1.39M · Jun 2014
105StudioAED 645K · Jan 2025
106StudioAED 1.1M · Jul 2015
107StudioAED 1.38M · May 2024
1–7 of 23

116, Palm Views West in numbers

  • Sold twice: first on 3 October 2013 for AED 1,050,000, last on 22 December 2015 for AED 1,250,000 (AED 2,280 per sqft).
  • Rented since November 2017 on 7 Ejari contracts. The rent fell from AED 75,000 to AED 48,000 in 2020 and recovered to AED 80,000 by January 2025.
  • At AED 80,000 a year the gross yield on the 2015 price is 6.4%, before a service charge of about AED 14,600 a year (AED 26.58 per sqft).
  • Studios in Palm Views West sold for AED 1,600,000–1,600,000 in the 12 months to November 2026; the building's median across all types is AED 2,769 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 15 January 2025.

Questions about 116, Palm Views West

What did unit 116 last sell for?

AED 1,250,000 on 22 December 2015: AED 2,280 per sqft for 548 sqft. The unit has 2 registered sales; the first was AED 1,050,000 in October 2013.

What is the rent for unit 116?

AED 80,000 a year on the contract renewed on 15 January 2025. The previous contract, from January 2024, was AED 80,000; the unit has been rented since November 2017.

How big is unit 116?

548 sqft (50.9 sqm): a studio on the 1st floor of a 4-storey tower completed in 2014.

What is unit 116 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Palm Views West sold for AED 1,600,000 to 1,600,000 in the last 12 months, around AED 2,919 per sqft.

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Mortgage on 116, Palm Views West

Starts from the last sale price (AED 1.25M, 22 December 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

Plus AED 57,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →