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4-bed · 3,100 sqftPalma Residences, Palm Jumeirah · completed 2015

4V-089, Palma Residences

Sold prices and rental history: sold 3 times, last in August 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa 4V-089 · DLD and Ejari recordsUpdated 4 August 2023
Last soldAED 9.02M4 August 2023
Current rentAED 210K /yr16 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4V-089, Palma Residences

What is 4V-089 worth today?

Last sold for AED 9,020,000 in 2023

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4 Aug 2023SoldReady
AED 9,020,000AED 2,909 per sqft
3 Jun 2021SoldReady
AED 4,200,000AED 1,354 per sqft
16 Jan 2021RentedRenewal
AED 210,000/yr12 months · AED 68 per sqft
16 Jan 2020RentedNew contract
AED 230,000/yr12 months · AED 74 per sqft
21 Jul 2019RentedRenewal
AED 300,000/yr12 months · AED 97 per sqft
21 Oct 2018RentedRenewal
AED 300,000/yr9 months · AED 97 per sqft
22 Oct 2017RentedRenewal
AED 300,836/yr12 months · AED 97 per sqft
22 Oct 2016RentedRenewal
AED 300,000/yr12 months · AED 97 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 4 August 2023.

Key facts

Type
4-bed villa
Size
3,100 sqft
Developer
The Palm - Jumeirah Co
Completed
2015
Service charge
AED 7,600 /yr
Last sold
AED 9.02M · August 2023
Community
Palma Residences

About 4V-089, Palma Residences

4V-089 is a four-bedroom villa of 3,100 sqft in Palma Residences, a villa community in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. It last sold on 4 August 2023 for AED 9,020,000, or AED 2,909 per sqft, 24% above the AED 2,345 four-beds in the community were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 16 January 2021, is AED 210,000 a year: a gross yield of 2.3% on the 2023 price, before the service charge of about AED 7,600 a year.

Sales and rents for 4V-089 over time

Sales
Villa 4V-089, each saleTypical four-bed in Palma Residences
5M7.5M2013201620192022Typical sale price by year: 2013 AED 5,500,000; 2014 AED 5,700,000; 2016 AED 4,750,000; 2021 AED 4,200,000; 2022 AED 6,000,000; 2023 AED 7,400,000Sold by developer, November 2014: AED 5,700,000 (AED 3,300 per sqft)Sold, June 2021: AED 4,200,000 (AED 1,354 per sqft)Sold, August 2023: AED 9,020,000 (AED 2,909 per sqft)

4V-089 has sold 3 times; the dashed line is the four-bed median of each year in the community.

Rents
Villa 4V-089, each contractTypical four-bed in Palma Residences
200K400K2015201820212024Typical rent by year: 2015 AED 290,000; 2016 AED 290,000; 2017 AED 287,500; 2018 AED 270,000; 2019 AED 235,000; 2020 AED 220,000; 2021 AED 253,250; 2022 AED 500,000; 2023 AED 420,000; 2024 AED 448,000New contract, October 2015: AED 300,000 a yearRenewal, October 2016: AED 300,000 a yearRenewal, October 2017: AED 300,836 a yearRenewal, October 2018: AED 300,000 a yearRenewal, July 2019: AED 300,000 a yearNew contract, January 2020: AED 230,000 a yearRenewal, January 2021: AED 210,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the community.

4-beds in Palma Residences, and where 4V-089 sits

All 18 4-beds →

4V-089 last sold in August 2023 at AED 2,909 per sqft, 24% above what four-beds in Palma Residences were fetching at the time (AED 2,345).

Recent 4-bed salesVilla no.Price (AED)Summary
10 Jul 20259,800,000
1 Feb 20246,000,000
10 Aug 20237,400,000
18 Apr 20237,750,000
0 4-bed sales in the last 12 months

Palma Residences

Community

104 villas, 4-bed to 5-bed in Palm Jumeirah, completed in 2015 by The Palm - Jumeirah Co. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 585K /yr
Typical yield
Palma Residences, Palm Jumeirah: prices, sales and rents →

4V-089, Palma Residences in numbers

  • Sold 3 times: first on 2 November 2014 for AED 5,700,000, last on 4 August 2023 for AED 9,020,000 (AED 2,909 per sqft).
  • Rented since October 2015 on 7 Ejari contracts, from AED 300,000 to AED 210,000 a year.
  • At AED 210,000 a year the gross yield on the 2023 price is 2.3%, before a service charge of about AED 7,600 a year (AED 2.44 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 4 August 2023.

Questions about 4V-089, Palma Residences

What did villa 4V-089 last sell for?

AED 9,020,000 on 4 August 2023: AED 2,909 per sqft for 3,100 sqft. The villa has 3 registered sales; the first was AED 5,700,000 in November 2014.

What is the rent for villa 4V-089?

AED 210,000 a year on the contract renewed on 16 January 2021. The previous contract, from January 2020, was AED 230,000; the villa has been rented since October 2015.

How big is villa 4V-089?

3,100 sqft (288.0 sqm): a four-bedroom villa in Palma Residences, completed in 2015.

What is villa 4V-089 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 4V-089, Palma Residences

Starts from the last sale price (AED 9.02M, 4 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 9,020,000
Deposit, UAE resident (20%)
AED 1,804,000
Deposit, non-resident (40%)
AED 3,608,000
Monthly over 25 years at 3.7%
AED 36,904

Plus AED 383,850 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →