Home
Dubai prices
About
Research
5-bed · 3,380 sqftPalma Residences, Palm Jumeirah · completed 2015

5V-045, Palma Residences

Sold prices and rental history: sold once, by the developer in August 2015, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa 5V-045 · DLD and Ejari recordsUpdated 12 November 2024
Last soldAED 7.5M24 August 2015
Current rentAED 600K /yr12 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5V-045, Palma Residences

What is 5V-045 worth today?

Last sold for AED 7,500,000 in 2015

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

12 Nov 2024RentedRenewal
AED 600,421/yr2 months · AED 178 per sqft
25 Aug 2024RentedRenewal
AED 452,715/yr3 months · AED 134 per sqft
25 Aug 2022RentedRenewal
AED 357,000/yr12 months · AED 106 per sqft
25 Jul 2020RentedNew contract
AED 320,000/yr13 months · AED 95 per sqft
15 Jun 2019RentedNew contract
AED 340,000/yr12 months · AED 101 per sqft
7 Apr 2018RentedRenewal
AED 385,000/yr13 months · AED 114 per sqft
7 Apr 2017RentedRenewal
AED 385,000/yr12 months · AED 114 per sqft
24 Aug 2015Sold by developerReady
AED 7,500,000AED 2,219 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 12 November 2024.

Key facts

Type
5-bed villa
Size
3,380 sqft
Developer
The Palm - Jumeirah Co
Completed
2015
Service charge
AED 8,200 /yr
Last sold
AED 7.5M · August 2015
Community
Palma Residences

About 5V-045, Palma Residences

5V-045 is a five-bedroom villa of 3,380 sqft in Palma Residences, a villa community in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. The developer sold it on 24 August 2015 for AED 7,500,000, or AED 2,219 per sqft, 6% below the AED 2,349 five-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 12 November 2024, is AED 600,421 a year: a gross yield of 8.0% on the 2015 price, before the service charge of about AED 8,200 a year.

Sales and rents for 5V-045 over time

Sales
Villa 5V-045, 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, August 2015: AED 7,500,000 (AED 2,219 per sqft)

5V-045 has sold once; the dashed line is the five-bed median of each year in the community.

Rents
Villa 5V-045, 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 585,030Renewal, April 2017: AED 385,000 a yearRenewal, April 2018: AED 385,000 a yearNew contract, June 2019: AED 340,000 a yearNew contract, July 2020: AED 320,000 a yearRenewal, August 2022: AED 357,000 a yearRenewal, August 2024: AED 452,715 a yearRenewal, November 2024: AED 600,421 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-045 sits

All 86 5-beds →

5V-045 last sold in August 2015 at AED 2,219 per sqft, 6% below what five-beds in Palma Residences were fetching at the time (AED 2,349). 5V-045's AED 600,421 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-045, Palma Residences in numbers

  • Sold once: by The Palm - Jumeirah Co on 24 August 2015 for AED 7,500,000, or AED 2,219 per sqft.
  • Rented since April 2017 on 7 Ejari contracts. The rent fell from AED 385,000 to AED 320,000 in 2020 and recovered to AED 600,421 by November 2024.
  • At AED 600,421 a year the gross yield on the 2015 price is 8.0%, before a service charge of about AED 8,200 a year (AED 2.44 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 12 November 2024.

Questions about 5V-045, Palma Residences

What did villa 5V-045 last sell for?

AED 7,500,000 on 24 August 2015, sold by the developer: AED 2,219 per sqft for 3,380 sqft. It is the only registered sale of the villa.

What is the rent for villa 5V-045?

AED 600,421 a year on the contract renewed on 12 November 2024. The previous contract, from August 2024, was AED 452,715; the villa has been rented since April 2017.

How big is villa 5V-045?

3,380 sqft (314.0 sqm): a five-bedroom villa in Palma Residences, completed in 2015.

What is villa 5V-045 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

Selling 5V-045? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 5V-045, Palma Residences

Starts from the last sale price (AED 7.5M, 24 August 2015). Switch to today's estimate once you have unlocked it.
Price
AED 7,500,000
Deposit, UAE resident (20%)
AED 1,500,000
Deposit, non-resident (40%)
AED 3,000,000
Monthly over 25 years at 3.7%
AED 30,685

Plus AED 320,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →