Studio · 548 sqftPalm Views West, Palm Jumeirah · 2nd floor · completed 2014

223, Palm Views West

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

Unit 223 · DLD and Ejari recordsUpdated 19 June 2024
Last soldAED 1.2M14 May 2015
Current rentAED 75K /yr19 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 223, Palm Views West

What is 223 worth today?

Last sold for AED 1,200,000 in 2015

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

19 Jun 2024RentedRenewal
AED 75,000/yr12 months · AED 137 per sqft
19 Jun 2023RentedNew contract
AED 75,000/yr12 months · AED 137 per sqft
24 Sep 2020RentedRenewal
AED 55,000/yr12 months · AED 100 per sqft
24 Sep 2019RentedRenewal
AED 65,000/yr12 months · AED 118 per sqft
24 Sep 2018RentedRenewal
AED 70,000/yr12 months · AED 128 per sqft
24 Sep 2017RentedNew contract
AED 70,000/yr12 months · AED 128 per sqft
14 May 2015SoldOff-plan
AED 1,200,000AED 2,189 per sqft
3 Oct 2013Sold by developerOff-plan
AED 1,050,000AED 1,915 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 19 June 2024.

Key facts

Type
Studio apartment
Size
548 sqft
Floor
2nd of 4
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2014
Service charge
AED 14,600 /yr
Last sold
AED 1.2M · May 2015

About 223, Palm Views West

223 is a studio of 548 sqft on the 2nd floor of Palm Views West, a 4-storey tower in Palm Jumeirah completed in 2014 by The Palm - Jumeirah Co. It last sold on 14 May 2015 for AED 1,200,000, or AED 2,189 per sqft, 12% above the AED 1,946 studios in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 19 June 2024, is AED 75,000 a year: a gross yield of 6.3% on the 2015 price, before the service charge of about AED 14,600 a year.

Sales and rents for 223 over time

Sales
Unit 223, 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, May 2015: AED 1,200,000 (AED 2,189 per sqft)

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

Rents
Unit 223, each contractTypical studio in Palm Views West
60K80K100K2016201920222025Typical 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, September 2017: AED 70,000 a yearRenewal, September 2018: AED 70,000 a yearRenewal, September 2019: AED 65,000 a yearRenewal, September 2020: AED 55,000 a yearNew contract, June 2023: AED 75,000 a yearRenewal, June 2024: AED 75,000 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 223 sits

All 87 studios →

223 last sold in May 2015 at AED 2,189 per sqft, 12% above what studios in Palm Views West were fetching at the time (AED 1,946). 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. 223's AED 75,000 is at the bottom 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 2nd floor

All 95 units in Palm Views West
Value
201StudioAED 1.18M · Apr 2023
202StudioAED 1.05M · Oct 2014
203StudioAED 900K · Apr 2016
204StudioAED 1.3M · Jul 2023
205StudioAED 1.35M · Jan 2025
206StudioAED 800K · Mar 2022
207StudioAED 800K · Mar 2022
1–7 of 23

223, Palm Views West in numbers

  • Sold twice: first on 3 October 2013 for AED 1,050,000, last on 14 May 2015 for AED 1,200,000 (AED 2,189 per sqft).
  • Rented since September 2017 on 6 Ejari contracts. The rent fell from AED 70,000 to AED 55,000 in 2020 and recovered to AED 75,000 by June 2024.
  • At AED 75,000 a year the gross yield on the 2015 price is 6.3%, 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 19 June 2024.

Questions about 223, Palm Views West

What did unit 223 last sell for?

AED 1,200,000 on 14 May 2015: AED 2,189 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 223?

AED 75,000 a year on the contract renewed on 19 June 2024. The previous contract, from June 2023, was AED 75,000; the unit has been rented since September 2017.

How big is unit 223?

548 sqft (50.9 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2014.

What is unit 223 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.

Selling 223? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 223, Palm Views West

Starts from the last sale price (AED 1.2M, 14 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

Plus AED 55,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →