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5-bed · 3,337 sqftPalma Residences, Palm Jumeirah · completed 2015

5V-012, Palma Residences

Sold prices and rental history: sold twice, last in July 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa 5V-012 · DLD and Ejari recordsUpdated 1 February 2021
Last soldAED 12.25M1 July 2014
Current rentAED 120K /yr1 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5V-012, Palma Residences

What is 5V-012 worth today?

Last sold for AED 12,250,000 in 2014

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1 Feb 2021RentedRenewal
AED 120,000/yr12 months · AED 36 per sqft
1 Feb 2019RentedRenewal
AED 120,000/yr12 months · AED 36 per sqft
1 Feb 2018RentedNew contract
AED 120,000/yr12 months · AED 36 per sqft
1 Feb 2017RentedRenewal
AED 120,000/yr12 months · AED 36 per sqft
1 Feb 2016RentedNew contract
AED 120,000/yr12 months · AED 36 per sqft
1 Jul 2014SoldOff-plan
AED 12,250,000AED 3,671 per sqft
10 Jun 2014Sold by developerOff-plan
AED 7,100,000AED 2,127 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2021.

Key facts

Type
5-bed villa
Size
3,337 sqft
Developer
The Palm - Jumeirah Co
Completed
2015
Service charge
AED 8,100 /yr
Last sold
AED 12.25M · July 2014
Community
Palma Residences

About 5V-012, Palma Residences

5V-012 is a five-bedroom villa of 3,337 sqft in Palma Residences, a villa community in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. It last sold on 1 July 2014 for AED 12,250,000, or AED 3,671 per sqft, 64% above the AED 2,245 five-beds in the community were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 1 February 2021, is AED 120,000 a year: a gross yield of 1.0% on the 2014 price, before the service charge of about AED 8,100 a year.

Sales and rents for 5V-012 over time

Sales
Villa 5V-012, 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, June 2014: AED 7,100,000 (AED 2,127 per sqft)Sold, July 2014: AED 12,250,000 (AED 3,671 per sqft)

5V-012 has sold twice; the dashed line is the five-bed median of each year in the community.

Rents
Villa 5V-012, each contractTypical five-bed in Palma Residences
250K500K750K20152018202120242027Typical 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 585,030New contract, February 2016: AED 120,000 a yearRenewal, February 2017: AED 120,000 a yearNew contract, February 2018: AED 120,000 a yearRenewal, February 2019: AED 120,000 a yearRenewal, February 2021: AED 120,000 a year

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-012 sits

All 86 5-beds →

5V-012 last sold in July 2014 at AED 3,671 per sqft, 64% above what five-beds in Palma Residences were fetching at the time (AED 2,245). 5V-012's AED 120,000 is at the bottom of that range.

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-012, Palma Residences in numbers

  • Sold twice: first on 10 June 2014 for AED 7,100,000, last on 1 July 2014 for AED 12,250,000 (AED 3,671 per sqft).
  • Rented since February 2016 on 5 Ejari contracts, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2014 price is 1.0%, before a service charge of about AED 8,100 a year (AED 2.44 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2021.

Questions about 5V-012, Palma Residences

What did villa 5V-012 last sell for?

AED 12,250,000 on 1 July 2014: AED 3,671 per sqft for 3,337 sqft. The villa has 2 registered sales; the first was AED 7,100,000 in June 2014.

What is the rent for villa 5V-012?

AED 120,000 a year on the contract renewed on 1 February 2021. The previous contract, from February 2019, was AED 120,000; the villa has been rented since February 2016.

How big is villa 5V-012?

3,337 sqft (310.0 sqm): a five-bedroom villa in Palma Residences, completed in 2015.

What is villa 5V-012 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-012, Palma Residences

Starts from the last sale price (AED 12.25M, 1 July 2014). Switch to today's estimate once you have unlocked it.
Price
AED 12,250,000
Deposit, UAE resident (20%)
AED 2,450,000
Deposit, non-resident (40%)
AED 4,900,000
Monthly over 25 years at 3.7%
AED 50,119

Plus AED 519,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →