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

5V-070, Palma Residences

Sold prices and rental history: sold 3 times, last in February 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa 5V-070 · DLD and Ejari recordsUpdated 8 February 2023
Last soldAED 13.65M8 February 2023
Current rentAED 290K /yr1 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5V-070, Palma Residences

What is 5V-070 worth today?

Last sold for AED 13,650,000 in 2023

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8 Feb 2023SoldReady
AED 13,650,000AED 3,994 per sqft
1 Jun 2020RentedRenewal
AED 290,000/yr12 months · AED 85 per sqft
1 Jun 2019RentedRenewal
AED 350,000/yr12 months · AED 102 per sqft
1 Jun 2018RentedRenewal
AED 350,000/yr12 months · AED 102 per sqft
1 Jun 2017RentedRenewal
AED 365,000/yr12 months · AED 107 per sqft
10 Mar 2014SoldOff-plan
AED 9,900,000AED 2,896 per sqft
2 Feb 2014Sold by developerOff-plan
AED 8,250,000AED 2,414 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 8 February 2023.

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 13.65M · February 2023
Community
Palma Residences

About 5V-070, Palma Residences

5V-070 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 8 February 2023 for AED 13,650,000, or AED 3,994 per sqft, 11% above the AED 3,583 five-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 1 June 2020, is AED 290,000 a year: a gross yield of 2.1% on the 2023 price, before the service charge of about AED 8,300 a year.

Sales and rents for 5V-070 over time

Sales
Villa 5V-070, 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, February 2014: AED 8,250,000 (AED 2,414 per sqft)Sold, March 2014: AED 9,900,000 (AED 2,896 per sqft)Sold, February 2023: AED 13,650,000 (AED 3,994 per sqft)

5V-070 has sold 3 times; the dashed line is the five-bed median of each year in the community.

Rents
Villa 5V-070, 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, June 2017: AED 365,000 a yearRenewal, June 2018: AED 350,000 a yearRenewal, June 2019: AED 350,000 a yearRenewal, June 2020: AED 290,000 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-070 sits

All 86 5-beds →

5V-070 last sold in February 2023 at AED 3,994 per sqft, 11% above what five-beds in Palma Residences were fetching at the time (AED 3,583). 5V-070's AED 290,000 is at the bottom 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-070, Palma Residences in numbers

  • Sold 3 times: first on 2 February 2014 for AED 8,250,000, last on 8 February 2023 for AED 13,650,000 (AED 3,994 per sqft).
  • Rented since June 2017 on 4 Ejari contracts, from AED 365,000 to AED 290,000 a year.
  • At AED 290,000 a year the gross yield on the 2023 price is 2.1%, 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 8 February 2023.

Questions about 5V-070, Palma Residences

What did villa 5V-070 last sell for?

AED 13,650,000 on 8 February 2023: AED 3,994 per sqft for 3,418 sqft. The villa has 3 registered sales; the first was AED 8,250,000 in February 2014.

What is the rent for villa 5V-070?

AED 290,000 a year on the contract renewed on 1 June 2020. The previous contract, from June 2019, was AED 350,000; the villa has been rented since June 2017.

How big is villa 5V-070?

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

What is villa 5V-070 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-070, Palma Residences

Starts from the last sale price (AED 13.65M, 8 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 13,650,000
Deposit, UAE resident (20%)
AED 2,730,000
Deposit, non-resident (40%)
AED 5,460,000
Monthly over 25 years at 3.7%
AED 55,846

Plus AED 578,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →