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5-bed · 3,800 sqftPalma Residences, Palm Jumeirah · completed 2015

5V-007, Palma Residences

Sold prices and rental history: sold 3 times, last in October 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa 5V-007 · DLD and Ejari recordsUpdated 26 October 2022
Last soldAED 20M26 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5V-007, Palma Residences

What is 5V-007 worth today?

Last sold for AED 20,000,000 in 2022

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26 Oct 2022SoldReady
AED 20,000,000AED 5,263 per sqft
13 Aug 2013SoldReady
AED 8,700,000AED 2,289 per sqft
15 Jul 2013Sold by developerReady
AED 8,200,000AED 2,158 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 26 October 2022.

Key facts

Type
5-bed villa
Size
3,800 sqft
Developer
The Palm - Jumeirah Co
Completed
2015
Service charge
AED 9,300 /yr
Last sold
AED 20M · October 2022
Community
Palma Residences

About 5V-007, Palma Residences

5V-007 is a five-bedroom villa of 3,800 sqft in Palma Residences, a villa community in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. It last sold on 26 October 2022 for AED 20,000,000, or AED 5,263 per sqft, 51% above the AED 3,485 five-beds in the community were fetching at the time.

No rental contract for the villa is registered on Ejari.

Sales and rents for 5V-007 over time

Sales
Villa 5V-007, each saleTypical five-bed in Palma Residences
10M20M2013201720212025Typical sale price by year: 2013 AED 8,030,000; 2014 AED 8,150,000; 2015 AED 7,550,000; 2016 AED 8,030,000; 2019 AED 5,500,000; 2020 AED 6,700,000; 2021 AED 7,750,000; 2022 AED 12,000,000; 2023 AED 15,000,000; 2024 AED 21,000,000; 2025 AED 21,750,000Sold by developer, July 2013: AED 8,200,000 (AED 2,158 per sqft)Sold, August 2013: AED 8,700,000 (AED 2,289 per sqft)Sold, October 2022: AED 20,000,000 (AED 5,263 per sqft)

5V-007 has sold 3 times; the dashed line is the five-bed median of each year in the community.

Rents
Villa 5V-007, each contractTypical five-bed in Palma Residences
400K600K20152018202120242027Typical rent by year: 2015 AED 369,231; 2016 AED 365,000; 2017 AED 360,000; 2018 AED 360,000; 2019 AED 325,000; 2020 AED 302,500; 2021 AED 330,000; 2022 AED 388,450; 2023 AED 436,590; 2024 AED 625,211; 2025 AED 662,500; 2026 AED 585,030

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

5-beds in Palma Residences, and where 5V-007 sits

All 86 5-beds →

5V-007 last sold in October 2022 at AED 5,263 per sqft, 51% above what five-beds in Palma Residences were fetching at the time (AED 3,485).

Recent 5-bed salesVilla no.Price (AED)Summary
14 Oct 202534,000,000
6 Oct 202522,750,000
1 Oct 202521,750,000
8 May 202520,900,000
0 5-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 →

5V-007, Palma Residences in numbers

  • Sold 3 times: first on 15 July 2013 for AED 8,200,000, last on 26 October 2022 for AED 20,000,000 (AED 5,263 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 26 October 2022.

Questions about 5V-007, Palma Residences

What did villa 5V-007 last sell for?

AED 20,000,000 on 26 October 2022: AED 5,263 per sqft for 3,800 sqft. The villa has 3 registered sales; the first was AED 8,200,000 in July 2013.

How big is villa 5V-007?

3,800 sqft (353.0 sqm): a five-bedroom villa in Palma Residences, completed in 2015.

What is villa 5V-007 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 5V-007, Palma Residences

Starts from the last sale price (AED 20M, 26 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 20,000,000
Deposit, UAE resident (20%)
AED 4,000,000
Deposit, non-resident (40%)
AED 8,000,000
Monthly over 25 years at 3.7%
AED 81,826

Plus AED 845,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →