2016, The Palm Tower
Sold prices and rental history: sold 4 times, last in September 2023, and rented once, from December 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2016, The Palm Tower
What is 2016 worth today?
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Source: Dubai Land Department. Updated 16 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 524 sqft
- Floor
- 20th of 47
- Parking
- B3-41
- Developer
- The Palm - Jumeirah Co
- Completed
- 2021
- Last sold
- AED 1.9M · September 2023
- Building
- The Palm Tower
About 2016, The Palm Tower
2016 is a studio of 524 sqft on the 20th floor of The Palm Tower, a 47-storey tower in Palm Jumeirah completed in 2021 by The Palm - Jumeirah Co. It last sold on 21 September 2023 for AED 1,900,000, or AED 3,628 per sqft, in line with the AED 3,686 studios in the building were fetching at the time.
One Ejari contract is registered, from 16 December 2025. The current contract, signed on 16 December 2025, is AED 130,000 a year: a gross yield of 6.8% on the 2023 price.
Sales and rents for 2016 over time
2016 has sold 4 times; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in The Palm Tower, and where 2016 sits
All 191 studios →2016 last sold in September 2023 at AED 3,628 per sqft, in line with what studios in The Palm Tower were fetching at the time (AED 3,686). Over the last 12 months studios sold for AED 2,150,000 to 2,500,000, around AED 4,346 per sqft, and rent for AED 116,000 to 155,000 a year. 2016's AED 130,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Jan 202628 January 2026 | 524 sqft | 2,300,000 | 4,392 | ||
| 22 Jan 202622 January 2026 | 518 sqft | 2,250,000 | 4,346 | ||
| 14 Jan 202614 January 2026 | 523 sqft | 2,325,000 | 4,447 | ||
| 5 Jan 20265 January 2026 | 523 sqft | 2,200,000 | 4,203 |
The Palm Tower
Building432 apartments, studios to 3-bed over 47 floors in Palm Jumeirah, completed in 2021 by The Palm - Jumeirah Co. 14 sold in the last 12 months.
- Typical price per sqft
- AED 4,369 Up 4.2%
- Typical sale
- AED 3.1M
- Typical rent
- AED 155K /yr
- Typical yield
- 5.6%
Other units on the 20th floor
All 432 units in The Palm Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | Studio | 485 sqft | AED 1.88MAED 1,882,889 · Aug 2022August 2022 | ||
| 2002 | Studio | 507 sqft | AED 1.35MAED 1,350,000 · Nov 2021November 2021 | 114,000 /yr | |
| 2003 | Studio | 524 sqft | AED 1.86MAED 1,862,038 · Aug 2022August 2022 | ||
| 2004 | Studio | 524 sqft | AED 1.93MAED 1,930,000 · Dec 2024December 2024 | ||
| 2005 | 1-bed | 1,056 sqft | AED 3.67MAED 3,668,835 · Oct 2022October 2022 | ||
| 2006 | Studio | 523 sqft | AED 1.86MAED 1,862,038 · Aug 2022August 2022 | ||
| 2007 | Studio | 517 sqft | AED 1.86MAED 1,862,038 · Aug 2022August 2022 | ||
| 2008 | Studio | 518 sqft | AED 2.2MAED 2,200,000 · Nov 2023November 2023 | 120,000 /yr | |
| 2009 | 1-bed | 1,108 sqft | AED 3.92MAED 3,924,313 · Aug 2022August 2022 | 265,000 /yr | |
| 2010 | 1-bed | 1,079 sqft | AED 3.27MAED 3,274,900 · May 2017May 2017 | 295,000 /yr | |
| 2013 | 1-bed | 1,058 sqft | AED 4.2MAED 4,200,000 · Dec 2025December 2025 | 220,000 /yr | |
| 2014 | Studio | 524 sqft | AED 2.1MAED 2,100,000 · Mar 2025March 2025 | ||
| 2015 | Studio | 524 sqft | AED 1.55MAED 1,550,000 · Jun 2022June 2022 | 119,668 /yr | |
| 2017 | Studio | 524 sqft | AED 1.7MAED 1,700,000 · Nov 2022November 2022 | 116,000 /yr | |
| 2018 | 1-bed | 1,064 sqft | AED 3.3MAED 3,295,700 · Nov 2016November 2016 | 307,500 /yr | |
| 2019 | 1-bed | 1,110 sqft | AED 4.75MAED 4,750,000 · Sep 2024September 2024 | 265,000 /yr |
2016, The Palm Tower in numbers
- Sold 4 times: first on 3 November 2015 for AED 1,546,300, last on 21 September 2023 for AED 1,900,000 (AED 3,628 per sqft).
- Rented since December 2025 on one Ejari contract, at AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2023 price is 6.8%.
- Studios in The Palm Tower sold for AED 2,150,000–2,500,000 in the 12 months to November 2026; the building's median across all types is AED 4,369 per sqft.
Source: Dubai Land Department. Updated 16 December 2025.
Questions about 2016, The Palm Tower
What did unit 2016 last sell for?
AED 1,900,000 on 21 September 2023: AED 3,628 per sqft for 524 sqft. The unit has 4 registered sales; the first was AED 1,546,300 in November 2015.
What is the rent for unit 2016?
AED 130,000 a year on the contract signed on 16 December 2025.
How big is unit 2016?
524 sqft (48.7 sqm): a studio on the 20th floor of a 47-storey tower completed in 2021.
What is unit 2016 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in The Palm Tower sold for AED 2,150,000 to 2,500,000 in the last 12 months, around AED 4,346 per sqft.
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Mortgage on 2016, The Palm Tower
Starts from the last sale price (AED 1.9M, 21 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,900,000
- Deposit, UAE resident (20%)
- AED 380,000
- Deposit, non-resident (40%)
- AED 760,000
- Monthly over 25 years at 3.7%
- AED 7,773
Plus AED 84,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →