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5-bed · 3,412 sqftPalma Residences, Palm Jumeirah · completed 2015

5V-021, Palma Residences

Sold prices and rental history: sold twice, last in March 2021, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa 5V-021 · DLD and Ejari recordsUpdated 2 March 2021
Last soldAED 7M2 March 2021
Current rentAED 252K /yr15 April 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5V-021, Palma Residences

What is 5V-021 worth today?

Last sold for AED 7,000,000 in 2021

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2 Mar 2021SoldReady
AED 7,000,000AED 2,051 per sqft
15 Apr 2020RentedRenewal
AED 252,000/yr14 months · AED 74 per sqft
15 Jan 2019RentedRenewal
AED 272,000/yr15 months · AED 80 per sqft
15 Oct 2017RentedNew contract
AED 272,000/yr15 months · AED 80 per sqft
1 Sep 2015Sold by developerReady
AED 7,600,000AED 2,227 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 2 March 2021.

Key facts

Type
5-bed villa
Size
3,412 sqft
Developer
The Palm - Jumeirah Co
Completed
2015
Service charge
AED 8,300 /yr
Last sold
AED 7M · March 2021
Community
Palma Residences

About 5V-021, Palma Residences

5V-021 is a five-bedroom villa of 3,412 sqft in Palma Residences, a villa community in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. It last sold on 2 March 2021 for AED 7,000,000, or AED 2,051 per sqft, in line with the AED 2,070 five-beds in the community were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 15 April 2020, is AED 252,000 a year: a gross yield of 3.6% on the 2021 price, before the service charge of about AED 8,300 a year.

Sales and rents for 5V-021 over time

Sales
Villa 5V-021, 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, September 2015: AED 7,600,000 (AED 2,227 per sqft)Sold, March 2021: AED 7,000,000 (AED 2,051 per sqft)

5V-021 has sold twice; the dashed line is the five-bed median of each year in the community.

Rents
Villa 5V-021, each contractTypical five-bed in Palma Residences
200K400K600K20152018202120242027Typical 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, October 2017: AED 272,000 a yearRenewal, January 2019: AED 272,000 a yearRenewal, April 2020: AED 252,000 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-021 sits

All 86 5-beds →

5V-021 last sold in March 2021 at AED 2,051 per sqft, in line with what five-beds in Palma Residences were fetching at the time (AED 2,070). 5V-021's AED 252,000 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-021, Palma Residences in numbers

  • Sold twice: first on 1 September 2015 for AED 7,600,000, last on 2 March 2021 for AED 7,000,000 (AED 2,051 per sqft).
  • Rented since October 2017 on 3 Ejari contracts, from AED 272,000 to AED 252,000 a year.
  • At AED 252,000 a year the gross yield on the 2021 price is 3.6%, before a service charge of about AED 8,300 a year (AED 2.44 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 2 March 2021.

Questions about 5V-021, Palma Residences

What did villa 5V-021 last sell for?

AED 7,000,000 on 2 March 2021: AED 2,051 per sqft for 3,412 sqft. The villa has 2 registered sales; the first was AED 7,600,000 in September 2015.

What is the rent for villa 5V-021?

AED 252,000 a year on the contract renewed on 15 April 2020. The previous contract, from January 2019, was AED 272,000; the villa has been rented since October 2017.

How big is villa 5V-021?

3,412 sqft (317.0 sqm): a five-bedroom villa in Palma Residences, completed in 2015.

What is villa 5V-021 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-021, Palma Residences

Starts from the last sale price (AED 7M, 2 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 7,000,000
Deposit, UAE resident (20%)
AED 1,400,000
Deposit, non-resident (40%)
AED 2,800,000
Monthly over 25 years at 3.7%
AED 28,639

Plus AED 299,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →