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

5V-028, Palma Residences

Sold prices and rental history: sold once, by the developer in October 2013, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa 5V-028 · DLD and Ejari recordsUpdated 22 November 2023
Last soldAED 7.1M7 October 2013
Current rentAED 620K /yr22 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5V-028, Palma Residences

What is 5V-028 worth today?

Last sold for AED 7,100,000 in 2013

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22 Nov 2023RentedRenewal
AED 620,000/yr12 months · AED 186 per sqft
22 Nov 2022RentedNew contract
AED 620,000/yr12 months · AED 186 per sqft
1 Jun 2019RentedNew contract
AED 325,000/yr12 months · AED 97 per sqft
30 Apr 2018RentedRenewal
AED 365,000/yr12 months · AED 109 per sqft
30 Apr 2017RentedRenewal
AED 370,000/yr12 months · AED 111 per sqft
30 Apr 2016RentedRenewal
AED 370,000/yr12 months · AED 111 per sqft
30 Apr 2015RentedNew contract
AED 355,000/yr12 months · AED 106 per sqft
7 Oct 2013Sold by developerOff-plan
AED 7,100,000AED 2,127 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 November 2023.

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 7.1M · October 2013
Community
Palma Residences

About 5V-028, Palma Residences

5V-028 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. The developer sold it on 7 October 2013 for AED 7,100,000, or AED 2,127 per sqft, 3% below the AED 2,202 five-beds in the community were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 22 November 2023, is AED 620,000 a year: a gross yield of 8.7% on the 2013 price, before the service charge of about AED 8,100 a year.

Sales and rents for 5V-028 over time

Sales
Villa 5V-028, 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 2013: AED 7,100,000 (AED 2,127 per sqft)

5V-028 has sold once; the dashed line is the five-bed median of each year in the community.

Rents
Villa 5V-028, 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 585,030New contract, April 2015: AED 355,000 a yearRenewal, April 2016: AED 370,000 a yearRenewal, April 2017: AED 370,000 a yearRenewal, April 2018: AED 365,000 a yearNew contract, June 2019: AED 325,000 a yearNew contract, November 2022: AED 620,000 a yearRenewal, November 2023: AED 620,000 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-028 sits

All 86 5-beds →

5V-028 last sold in October 2013 at AED 2,127 per sqft, 3% below what five-beds in Palma Residences were fetching at the time (AED 2,202). 5V-028's AED 620,000 is in the lower half 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-028, Palma Residences in numbers

  • Sold once: by The Palm - Jumeirah Co on 7 October 2013 for AED 7,100,000, or AED 2,127 per sqft.
  • Rented since April 2015 on 7 Ejari contracts, from AED 355,000 to AED 620,000 a year.
  • At AED 620,000 a year the gross yield on the 2013 price is 8.7%, 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 22 November 2023.

Questions about 5V-028, Palma Residences

What did villa 5V-028 last sell for?

AED 7,100,000 on 7 October 2013, sold by the developer: AED 2,127 per sqft for 3,337 sqft. It is the only registered sale of the villa.

What is the rent for villa 5V-028?

AED 620,000 a year on the contract renewed on 22 November 2023. The previous contract, from November 2022, was AED 620,000; the villa has been rented since April 2015.

How big is villa 5V-028?

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

What is villa 5V-028 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-028, Palma Residences

Starts from the last sale price (AED 7.1M, 7 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 7,100,000
Deposit, UAE resident (20%)
AED 1,420,000
Deposit, non-resident (40%)
AED 2,840,000
Monthly over 25 years at 3.7%
AED 29,048

Plus AED 303,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →