Studio · 505 sqftPalm Views West, Palm Jumeirah · 4th floor · completed 2014

423, Palm Views West

Sold prices and rental history: sold 4 times, last in August 2020, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 423 · DLD and Ejari recordsUpdated 12 July 2025
Last soldAED 650K13 August 2020
Current rentAED 75K /yr12 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 423, Palm Views West

What is 423 worth today?

Last sold for AED 650,000 in 2020

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12 Jul 2025RentedRenewal
AED 75,000/yr12 months · AED 148 per sqft
12 Jul 2024RentedRenewal
AED 75,000/yr12 months · AED 148 per sqft
12 Jul 2023RentedNew contract
AED 75,000/yr12 months · AED 148 per sqft
1 Aug 2022RentedNew contract
AED 65,000/yr12 months · AED 128 per sqft
1 Mar 2021RentedNew contract
AED 47,000/yr12 months · AED 93 per sqft
13 Aug 2020SoldReady
AED 650,000AED 1,287 per sqft
3 Aug 2020SoldReady
AED 600,000AED 1,188 per sqft
29 Dec 2017RentedNew contract
AED 60,000/yr12 months · AED 119 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 12 July 2025.

Key facts

Type
Studio apartment
Size
505 sqft
Floor
4th of 4
Parking
nan
Developer
The Palm - Jumeirah Co
Completed
2014
Service charge
AED 13,400 /yr
Last sold
AED 650K · August 2020

About 423, Palm Views West

423 is a studio of 505 sqft on the 4th floor of Palm Views West, a 4-storey tower in Palm Jumeirah completed in 2014 by The Palm - Jumeirah Co. It last sold on 13 August 2020 for AED 650,000, or AED 1,287 per sqft, 4% above the AED 1,234 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 12 July 2025, is AED 75,000 a year: a gross yield of 11.5% on the 2020 price, before the service charge of about AED 13,400 a year.

Sales and rents for 423 over time

Sales
Unit 423, 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 2,079 per sqft)Sold, November 2015: AED 1,200,000 (AED 2,376 per sqft)Sold, August 2020: AED 650,000 (AED 1,287 per sqft)Sold, August 2020: AED 600,000 (AED 1,188 per sqft)

423 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 423, 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, December 2017: AED 60,000 a yearNew contract, March 2021: AED 47,000 a yearNew contract, August 2022: AED 65,000 a yearNew contract, July 2023: AED 75,000 a yearRenewal, July 2024: AED 75,000 a yearRenewal, July 2025: 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 423 sits

All 87 studios →

423 last sold in August 2020 at AED 1,287 per sqft, 4% above what studios in Palm Views West were fetching at the time (AED 1,234). 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. 423'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 4th floor

All 95 units in Palm Views West
Value
401StudioAED 1.2M · Nov 2022
402StudioAED 1.44M · Aug 2024
403StudioAED 1.2M · Nov 2015
404StudioAED 1.5M · May 2025
405StudioAED 1M · Oct 2013
406StudioAED 1.46M · Feb 2025
407StudioAED 1.17M · Aug 2017
1–7 of 23

423, Palm Views West in numbers

  • Sold 4 times: first on 2 October 2013 for AED 1,050,000, last on 13 August 2020 for AED 650,000 (AED 1,287 per sqft).
  • Rented since December 2017 on 6 Ejari contracts. The rent fell from AED 60,000 to AED 47,000 in 2021 and recovered to AED 75,000 by July 2025.
  • At AED 75,000 a year the gross yield on the 2020 price is 11.5%, before a service charge of about AED 13,400 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 12 July 2025.

Questions about 423, Palm Views West

What did unit 423 last sell for?

AED 650,000 on 13 August 2020: AED 1,287 per sqft for 505 sqft. The unit has 4 registered sales; the first was AED 1,050,000 in October 2013.

What is the rent for unit 423?

AED 75,000 a year on the contract renewed on 12 July 2025. The previous contract, from July 2024, was AED 75,000; the unit has been rented since December 2017.

How big is unit 423?

505 sqft (46.9 sqm): a studio on the 4th floor of a 4-storey tower completed in 2014.

What is unit 423 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 423, Palm Views West

Starts from the last sale price (AED 650K, 13 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

Plus AED 32,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →