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5-bed · 3,129 sqftPalma Residences, Palm Jumeirah · completed 2015

5V-083, Palma Residences

Sold prices and rental history: sold once, by the developer in August 2014, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa 5V-083 · DLD and Ejari recordsUpdated 20 November 2024
Last soldAED 9.68M25 August 2014
Current rentAED 800K /yr20 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5V-083, Palma Residences

What is 5V-083 worth today?

Last sold for AED 9,680,000 in 2014

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20 Nov 2024RentedNew contract
AED 800,000/yr12 months · AED 206 per sqft
12 Jan 2022RentedNew contract
AED 110,000/yr12 months · AED 28 per sqft
25 Aug 2014Sold by developerReady
AED 9,680,000AED 3,094 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 November 2024.

Key facts

Type
5-bed villa
Size
3,129 sqft
Developer
The Palm - Jumeirah Co
Completed
2015
Service charge
AED 7,600 /yr
Last sold
AED 9.68M · August 2014
Community
Palma Residences

About 5V-083, Palma Residences

5V-083 is a five-bedroom villa of 3,129 sqft in Palma Residences, a villa community in Palm Jumeirah completed in 2015 by The Palm - Jumeirah Co. The developer sold it on 25 August 2014 for AED 9,680,000, or AED 3,094 per sqft, 29% above the AED 2,406 five-beds in the community were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 20 November 2024, is AED 800,000 a year: a gross yield of 8.3% on the 2014 price, before the service charge of about AED 7,600 a year.

Sales and rents for 5V-083 over time

Sales
Villa 5V-083, 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 2014: AED 9,680,000 (AED 3,094 per sqft)

5V-083 has sold once; the dashed line is the five-bed median of each year in the community.

Rents
Villa 5V-083, each contractTypical five-bed in Palma Residences
0500K20152018202120242027Typical 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, January 2022: AED 110,000 a yearNew contract, November 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-083 sits

All 86 5-beds →

5V-083 last sold in August 2014 at AED 3,094 per sqft, 29% above what five-beds in Palma Residences were fetching at the time (AED 2,406). 5V-083'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-083, Palma Residences in numbers

  • Sold once: by The Palm - Jumeirah Co on 25 August 2014 for AED 9,680,000, or AED 3,094 per sqft.
  • Rented since January 2022 on 2 Ejari contracts, from AED 110,000 to AED 800,000 a year.
  • At AED 800,000 a year the gross yield on the 2014 price is 8.3%, before a service charge of about AED 7,600 a year (AED 2.44 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 20 November 2024.

Questions about 5V-083, Palma Residences

What did villa 5V-083 last sell for?

AED 9,680,000 on 25 August 2014, sold by the developer: AED 3,094 per sqft for 3,129 sqft. It is the only registered sale of the villa.

What is the rent for villa 5V-083?

AED 800,000 a year on the contract signed on 20 November 2024. The previous contract, from January 2022, was AED 110,000.

How big is villa 5V-083?

3,129 sqft (290.7 sqm): a five-bedroom villa in Palma Residences, completed in 2015.

What is villa 5V-083 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-083, Palma Residences

Starts from the last sale price (AED 9.68M, 25 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 9,680,000
Deposit, UAE resident (20%)
AED 1,936,000
Deposit, non-resident (40%)
AED 3,872,000
Monthly over 25 years at 3.7%
AED 39,604

Plus AED 411,570 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →