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

4V-097, Palma Residences

Sold prices and rental history: sold once, by the developer in November 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa 4V-097 · DLD and Ejari recordsUpdated 26 January 2023
Last soldAED 5.6M5 November 2014
Current rentAED 110K /yr26 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4V-097, Palma Residences

What is 4V-097 worth today?

Last sold for AED 5,600,000 in 2014

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26 Jan 2023RentedNew contract
AED 110,000/yr12 months · AED 35 per sqft
1 Sep 2018RentedRenewal
AED 285,000/yr12 months · AED 92 per sqft
1 Sep 2017RentedRenewal
AED 300,000/yr12 months · AED 97 per sqft
1 Sep 2016RentedNew contract
AED 300,000/yr12 months · AED 97 per sqft
26 Nov 2015RentedNew contract
AED 280,000/yr12 months · AED 90 per sqft
5 Nov 2014Sold by developerOff-plan
AED 5,600,000AED 1,806 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 26 January 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 5.6M · November 2014
Community
Palma Residences

About 4V-097, Palma Residences

4V-097 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. The developer sold it on 5 November 2014 for AED 5,600,000, or AED 1,806 per sqft, 35% below the AED 2,778 four-beds in the community were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 26 January 2023, is AED 110,000 a year: a gross yield of 2.0% on the 2014 price, before the service charge of about AED 7,600 a year.

Sales and rents for 4V-097 over time

Sales
Villa 4V-097, each saleTypical four-bed in Palma Residences
4M6M2013201620192022Typical 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 5,600,000 (AED 1,806 per sqft)

4V-097 has sold once; the dashed line is the four-bed median of each year in the community.

Rents
Villa 4V-097, 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, November 2015: AED 280,000 a yearNew contract, September 2016: AED 300,000 a yearRenewal, September 2017: AED 300,000 a yearRenewal, September 2018: AED 285,000 a yearNew contract, January 2023: AED 110,000 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-097 sits

All 18 4-beds →

4V-097 last sold in November 2014 at AED 1,806 per sqft, 35% below what four-beds in Palma Residences were fetching at the time (AED 2,778).

Recent 4-bed salesVilla no.Price (AED)Summary
10 Jul 20259,800,000
1 Feb 20246,000,000
10 Aug 20237,400,000
4 Aug 20239,020,000
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-097, Palma Residences in numbers

  • Sold once: by The Palm - Jumeirah Co on 5 November 2014 for AED 5,600,000, or AED 1,806 per sqft.
  • Rented since November 2015 on 5 Ejari contracts, from AED 280,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2014 price is 2.0%, 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 26 January 2023.

Questions about 4V-097, Palma Residences

What did villa 4V-097 last sell for?

AED 5,600,000 on 5 November 2014, sold by the developer: AED 1,806 per sqft for 3,100 sqft. It is the only registered sale of the villa.

What is the rent for villa 4V-097?

AED 110,000 a year on the contract signed on 26 January 2023. The previous contract, from September 2018, was AED 285,000; the villa has been rented since November 2015.

How big is villa 4V-097?

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

What is villa 4V-097 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-097, Palma Residences

Starts from the last sale price (AED 5.6M, 5 November 2014). Switch to today's estimate once you have unlocked it.
Price
AED 5,600,000
Deposit, UAE resident (20%)
AED 1,120,000
Deposit, non-resident (40%)
AED 2,240,000
Monthly over 25 years at 3.7%
AED 22,911

Plus AED 240,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →