Studio · 524 sqftThe Palm Tower, Palm Jumeirah · 23rd floor · completed 2021

2317, The Palm Tower

Sold prices and rental history: sold once, by the developer in September 2015, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2317 · DLD and Ejari recordsUpdated 31 August 2024
Last soldAED 1.63M6 September 2015
Current rentAED 115K /yr31 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2317, The Palm Tower

What is 2317 worth today?

Last sold for AED 1,631,300 in 2015

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31 Aug 2024RentedNew contract
AED 115,000/yr12 months · AED 218 per sqft
2 Jun 2023RentedNew contract
AED 104,709/yr12 months · AED 199 per sqft
9 Mar 2022RentedNew contract
AED 125,000/yr12 months · AED 237 per sqft
6 Sep 2015Sold by developerOff-plan
AED 1,631,300AED 3,113 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 31 August 2024.

Key facts

Type
Studio apartment
Size
524 sqft
Floor
23rd of 47
Parking
B3-75
Developer
The Palm - Jumeirah Co
Completed
2021
Last sold
AED 1.63M · September 2015

About 2317, The Palm Tower

2317 is a studio of 524 sqft on the 23rd floor of The Palm Tower, a 47-storey tower in Palm Jumeirah completed in 2021 by The Palm - Jumeirah Co. The developer sold it on 6 September 2015 for AED 1,631,300, or AED 3,113 per sqft, 4% below the AED 3,230 studios in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 31 August 2024, is AED 115,000 a year: a gross yield of 7.0% on the 2015 price.

Sales and rents for 2317 over time

Sales
Unit 2317, each saleTypical studio in The Palm Tower
1.5M2M20152018202120242027Typical sale price by year: 2015 AED 1,668,800; 2016 AED 1,710,000; 2017 AED 1,484,340; 2018 AED 1,732,300; 2019 AED 1,702,400; 2020 AED 1,823,100; 2021 AED 1,699,200; 2022 AED 1,700,000; 2023 AED 2,050,000; 2024 AED 2,100,000; 2025 AED 2,200,000; 2026 AED 2,275,000Sold by developer, September 2015: AED 1,631,300 (AED 3,113 per sqft)

2317 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2317, each contractTypical studio in The Palm Tower
100K120K140K202220242026Typical rent by year: 2022 AED 102,500; 2023 AED 120,000; 2024 AED 120,000; 2025 AED 125,000; 2026 AED 135,750New contract, March 2022: AED 125,000 a yearNew contract, June 2023: AED 104,709 a yearNew contract, August 2024: AED 115,000 a year

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 2317 sits

All 191 studios →

2317 last sold in September 2015 at AED 3,113 per sqft, 4% below what studios in The Palm Tower were fetching at the time (AED 3,230). 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. 2317's AED 115,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
28 Jan 20262,300,000
22 Jan 20262,250,000
14 Jan 20262,325,000
5 Jan 20262,200,000
7 studio sales in the last 12 months

The Palm Tower

Building

432 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%
The Palm Tower, Palm Jumeirah: prices, sales and rents →

Other units on the 23rd floor

All 432 units in The Palm Tower
Value
2301AED 2.15M · Aug 2025
2302StudioAED 1.9M · May 2023
2303StudioAED 1.62M · Nov 2015
2304StudioAED 1.62M · Dec 2016
23051-bedAED 2.72M · Nov 2021
2306StudioAED 1.7M · Nov 2022
2307StudioAED 2.2M · Dec 2023
1–7 of 18

2317, The Palm Tower in numbers

  • Sold once: by The Palm - Jumeirah Co on 6 September 2015 for AED 1,631,300, or AED 3,113 per sqft.
  • Rented since March 2022 on 3 Ejari contracts, from AED 125,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2015 price is 7.0%.
  • 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: YallaValue analysis of Dubai Land Department records. Updated 31 August 2024.

Questions about 2317, The Palm Tower

What did unit 2317 last sell for?

AED 1,631,300 on 6 September 2015, sold by the developer: AED 3,113 per sqft for 524 sqft. It is the only registered sale of the unit.

What is the rent for unit 2317?

AED 115,000 a year on the contract signed on 31 August 2024. The previous contract, from June 2023, was AED 104,709; the unit has been rented since March 2022.

How big is unit 2317?

524 sqft (48.7 sqm): a studio on the 23rd floor of a 47-storey tower completed in 2021.

What is unit 2317 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 2317, The Palm Tower

Starts from the last sale price (AED 1.63M, 6 September 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,631,300
Deposit, UAE resident (20%)
AED 326,260
Deposit, non-resident (40%)
AED 652,520
Monthly over 25 years at 3.7%
AED 6,674

Plus AED 73,525 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →