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

5V-062, Palma Residences

Sold prices and rental history: sold twice, last in September 2019, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa 5V-062 · DLD and Ejari recordsUpdated 15 April 2025
Last soldAED 5.5M19 September 2019
Current rentAED 600K /yr15 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5V-062, Palma Residences

What is 5V-062 worth today?

Last sold for AED 5,500,000 in 2019

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15 Apr 2025RentedRenewal
AED 600,000/yr12 months · AED 176 per sqft
15 Apr 2024RentedRenewal
AED 600,000/yr12 months · AED 176 per sqft
5 Nov 2022RentedNew contract
AED 550,000/yr12 months · AED 161 per sqft
13 Dec 2021RentedRenewal
AED 313,500/yr12 months · AED 92 per sqft
13 Nov 2020RentedRenewal
AED 285,000/yr13 months · AED 83 per sqft
19 Sep 2019SoldReady
AED 5,500,000AED 1,609 per sqft
24 Sep 2018RentedNew contract
AED 200,000/yr12 months · AED 59 per sqft
8 Feb 2017RentedNew contract
AED 350,000/yr12 months · AED 102 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 April 2025.

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 5.5M · September 2019
Community
Palma Residences

About 5V-062, Palma Residences

5V-062 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. It last sold on 19 September 2019 for AED 5,500,000, or AED 1,609 per sqft, in line with the AED 1,648 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 15 April 2025, is AED 600,000 a year: a gross yield of 10.9% on the 2019 price, before the service charge of about AED 8,300 a year.

Sales and rents for 5V-062 over time

Sales
Villa 5V-062, 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, November 2015: AED 7,600,000 (AED 2,223 per sqft)Sold, September 2019: AED 5,500,000 (AED 1,609 per sqft)

5V-062 has sold twice; the dashed line is the five-bed median of each year in the community.

Rents
Villa 5V-062, each contractTypical five-bed in Palma Residences
250K500K20152018202120242027Typical 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, February 2017: AED 350,000 a yearNew contract, September 2018: AED 200,000 a yearRenewal, November 2020: AED 285,000 a yearRenewal, December 2021: AED 313,500 a yearNew contract, November 2022: AED 550,000 a yearRenewal, April 2024: AED 600,000 a yearRenewal, April 2025: AED 600,000 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-062 sits

All 86 5-beds →

5V-062 last sold in September 2019 at AED 1,609 per sqft, in line with what five-beds in Palma Residences were fetching at the time (AED 1,648). 5V-062's AED 600,000 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-062, Palma Residences in numbers

  • Sold twice: first on 2 November 2015 for AED 7,600,000, last on 19 September 2019 for AED 5,500,000 (AED 1,609 per sqft).
  • Rented since February 2017 on 7 Ejari contracts. The rent fell from AED 350,000 to AED 200,000 in 2018 and recovered to AED 600,000 by April 2025.
  • At AED 600,000 a year the gross yield on the 2019 price is 10.9%, 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 April 2025.

Questions about 5V-062, Palma Residences

What did villa 5V-062 last sell for?

AED 5,500,000 on 19 September 2019: AED 1,609 per sqft for 3,418 sqft. The villa has 2 registered sales; the first was AED 7,600,000 in November 2015.

What is the rent for villa 5V-062?

AED 600,000 a year on the contract renewed on 15 April 2025. The previous contract, from April 2024, was AED 600,000; the villa has been rented since February 2017.

How big is villa 5V-062?

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

What is villa 5V-062 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-062, Palma Residences

Starts from the last sale price (AED 5.5M, 19 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 5,500,000
Deposit, UAE resident (20%)
AED 1,100,000
Deposit, non-resident (40%)
AED 2,200,000
Monthly over 25 years at 3.7%
AED 22,502

Plus AED 236,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →