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5-bed · 3,418 sqftPalma Residences, Palm Jumeirah · completed 2015

5V-022, Palma Residences

Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa 5V-022 · DLD and Ejari recordsUpdated 15 June 2024
Last soldAED 7.4M26 October 2015
Current rentAED 775K /yr15 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5V-022, Palma Residences

What is 5V-022 worth today?

Last sold for AED 7,400,000 in 2015

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15 Jun 2024RentedNew contract
AED 775,000/yr24 months · AED 227 per sqft
1 Jul 2023RentedRenewal
AED 348,016/yr5 months · AED 102 per sqft
1 Jul 2022RentedRenewal
AED 341,000/yr12 months · AED 100 per sqft
1 Jul 2021RentedRenewal
AED 310,000/yr12 months · AED 91 per sqft
15 Jun 2019RentedNew contract
AED 350,000/yr12 months · AED 102 per sqft
26 Oct 2015Sold by developerReady
AED 7,400,000AED 2,165 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 June 2024.

Key facts

Type
5-bed villa
Size
3,418 sqft
Developer
The Palm - Jumeirah Co
Completed
2015
Service charge
AED 8,300 /yr
Last sold
AED 7.4M · October 2015
Community
Palma Residences

About 5V-022, Palma Residences

5V-022 is a five-bedroom villa of 3,418 sqft in Palma Residences, a villa community in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. The developer sold it on 26 October 2015 for AED 7,400,000, or AED 2,165 per sqft, 7% below the AED 2,340 five-beds in the community were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 15 June 2024, is AED 775,000 a year: a gross yield of 10.5% on the 2015 price, before the service charge of about AED 8,300 a year.

Sales and rents for 5V-022 over time

Sales
Villa 5V-022, 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, October 2015: AED 7,400,000 (AED 2,165 per sqft)

5V-022 has sold once; the dashed line is the five-bed median of each year in the community.

Rents
Villa 5V-022, 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, June 2019: AED 350,000 a yearRenewal, July 2021: AED 310,000 a yearRenewal, July 2022: AED 341,000 a yearRenewal, July 2023: AED 348,016 a yearNew contract, June 2024: AED 775,000 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-022 sits

All 86 5-beds →

5V-022 last sold in October 2015 at AED 2,165 per sqft, 7% below what five-beds in Palma Residences were fetching at the time (AED 2,340). 5V-022's AED 775,000 is at the top 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-022, Palma Residences in numbers

  • Sold once: by The Palm - Jumeirah Co on 26 October 2015 for AED 7,400,000, or AED 2,165 per sqft.
  • Rented since June 2019 on 5 Ejari contracts. The rent fell from AED 350,000 to AED 310,000 in 2021 and recovered to AED 775,000 by June 2024.
  • At AED 775,000 a year the gross yield on the 2015 price is 10.5%, 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 15 June 2024.

Questions about 5V-022, Palma Residences

What did villa 5V-022 last sell for?

AED 7,400,000 on 26 October 2015, sold by the developer: AED 2,165 per sqft for 3,418 sqft. It is the only registered sale of the villa.

What is the rent for villa 5V-022?

AED 775,000 a year on the contract signed on 15 June 2024. The previous contract, from July 2023, was AED 348,016; the villa has been rented since June 2019.

How big is villa 5V-022?

3,418 sqft (317.5 sqm): a five-bedroom villa in Palma Residences, completed in 2015.

What is villa 5V-022 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-022, Palma Residences

Starts from the last sale price (AED 7.4M, 26 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 7,400,000
Deposit, UAE resident (20%)
AED 1,480,000
Deposit, non-resident (40%)
AED 2,960,000
Monthly over 25 years at 3.7%
AED 30,276

Plus AED 315,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →