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

5V-055, Palma Residences

Sold prices and rental history: sold 3 times, last in August 2021, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa 5V-055 · DLD and Ejari recordsUpdated 1 June 2024
Last soldAED 7.5M26 August 2021
Current rentAED 800K /yr1 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5V-055, Palma Residences

What is 5V-055 worth today?

Last sold for AED 7,500,000 in 2021

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1 Jun 2024RentedNew contract
AED 800,000/yr12 months · AED 240 per sqft
10 Dec 2022RentedNew contract
AED 1,000,000/yr12 months · AED 300 per sqft
26 Aug 2021SoldReady
AED 7,500,000AED 2,247 per sqft
5 Aug 2021RentedRenewal
AED 320,000/yr12 months · AED 96 per sqft
5 Aug 2020RentedRenewal
AED 300,000/yr12 months · AED 90 per sqft
5 Aug 2019RentedNew contract
AED 300,000/yr12 months · AED 90 per sqft
12 Jul 2018RentedNew contract
AED 320,000/yr12 months · AED 96 per sqft
31 Mar 2016SoldReady
AED 7,900,000AED 2,367 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 June 2024.

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 7.5M · August 2021
Community
Palma Residences

About 5V-055, Palma Residences

5V-055 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 26 August 2021 for AED 7,500,000, or AED 2,247 per sqft, 3% below the AED 2,322 five-beds in the community were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 1 June 2024, is AED 800,000 a year: a gross yield of 10.7% on the 2021 price, before the service charge of about AED 8,100 a year.

Sales and rents for 5V-055 over time

Sales
Villa 5V-055, 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, December 2014: AED 7,810,000 (AED 2,340 per sqft)Sold, March 2016: AED 7,900,000 (AED 2,367 per sqft)Sold, August 2021: AED 7,500,000 (AED 2,247 per sqft)

5V-055 has sold 3 times; the dashed line is the five-bed median of each year in the community.

Rents
Villa 5V-055, each contractTypical five-bed in Palma Residences
500K1M20152018202120242027Typical 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, July 2018: AED 320,000 a yearNew contract, August 2019: AED 300,000 a yearRenewal, August 2020: AED 300,000 a yearRenewal, August 2021: AED 320,000 a yearNew contract, December 2022: AED 1,000,000 a yearNew contract, June 2024: AED 800,000 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-055 sits

All 86 5-beds →

5V-055 last sold in August 2021 at AED 2,247 per sqft, 3% below what five-beds in Palma Residences were fetching at the time (AED 2,322). 5V-055's AED 800,000 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-055, Palma Residences in numbers

  • Sold 3 times: first on 17 December 2014 for AED 7,810,000, last on 26 August 2021 for AED 7,500,000 (AED 2,247 per sqft).
  • Rented since July 2018 on 6 Ejari contracts, from AED 320,000 to AED 800,000 a year.
  • At AED 800,000 a year the gross yield on the 2021 price is 10.7%, 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 1 June 2024.

Questions about 5V-055, Palma Residences

What did villa 5V-055 last sell for?

AED 7,500,000 on 26 August 2021: AED 2,247 per sqft for 3,337 sqft. The villa has 3 registered sales; the first was AED 7,810,000 in December 2014.

What is the rent for villa 5V-055?

AED 800,000 a year on the contract signed on 1 June 2024. The previous contract, from December 2022, was AED 1,000,000; the villa has been rented since July 2018.

How big is villa 5V-055?

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

What is villa 5V-055 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-055, Palma Residences

Starts from the last sale price (AED 7.5M, 26 August 2021). 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 →