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

424, Palm Views West

Sold prices and rental history: sold twice, last in March 2015, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 424 · DLD and Ejari recordsUpdated 1 October 2023
Last soldAED 1.25M30 March 2015
Current rentAED 80K /yr1 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 424, Palm Views West

What is 424 worth today?

Last sold for AED 1,250,000 in 2015

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1 Oct 2023RentedNew contract
AED 80,000/yr12 months · AED 158 per sqft
10 Feb 2023RentedNew contract
AED 85,000/yr12 months · AED 168 per sqft
1 Feb 2022RentedNew contract
AED 65,000/yr12 months · AED 128 per sqft
27 Oct 2019RentedNew contract
AED 63,000/yr12 months · AED 125 per sqft
1 Mar 2019RentedNew contract
AED 63,182/yr12 months · AED 125 per sqft
8 Feb 2018RentedNew contract
AED 75,000/yr12 months · AED 148 per sqft
17 Dec 2016RentedNew contract
AED 78,000/yr12 months · AED 154 per sqft
30 Mar 2015SoldOff-plan
AED 1,250,000AED 2,475 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2023.

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 1.25M · March 2015
Building
Palm Views West

About 424, Palm Views West

424 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 30 March 2015 for AED 1,250,000, or AED 2,475 per sqft, 29% above the AED 1,915 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 1 October 2023, is AED 80,000 a year: a gross yield of 6.4% on the 2015 price, before the service charge of about AED 13,400 a year.

Sales and rents for 424 over time

Sales
Unit 424, 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, March 2015: AED 1,250,000 (AED 2,475 per sqft)

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

Rents
Unit 424, 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, December 2016: AED 78,000 a yearNew contract, February 2018: AED 75,000 a yearNew contract, March 2019: AED 63,182 a yearNew contract, October 2019: AED 63,000 a yearNew contract, February 2022: AED 65,000 a yearNew contract, February 2023: AED 85,000 a yearNew contract, October 2023: 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 424 sits

All 87 studios →

424 last sold in March 2015 at AED 2,475 per sqft, 29% above what studios in Palm Views West were fetching at the time (AED 1,915). 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. 424'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 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

424, Palm Views West in numbers

  • Sold twice: first on 2 October 2013 for AED 1,050,000, last on 30 March 2015 for AED 1,250,000 (AED 2,475 per sqft).
  • Rented since December 2016 on 7 Ejari contracts. The rent fell from AED 78,000 to AED 63,000 in 2019 and recovered to AED 80,000 by October 2023.
  • At AED 80,000 a year the gross yield on the 2015 price is 6.4%, 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 1 October 2023.

Questions about 424, Palm Views West

What did unit 424 last sell for?

AED 1,250,000 on 30 March 2015: AED 2,475 per sqft for 505 sqft. The unit has 2 registered sales; the first was AED 1,050,000 in October 2013.

What is the rent for unit 424?

AED 80,000 a year on the contract signed on 1 October 2023. The previous contract, from February 2023, was AED 85,000; the unit has been rented since December 2016.

How big is unit 424?

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

What is unit 424 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 424, Palm Views West

Starts from the last sale price (AED 1.25M, 30 March 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 →