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Studio · 507 sqftThe Palm Tower, Palm Jumeirah · 30th floor · completed 2021

3017, The Palm Tower

Sold prices and rental history: sold twice, last in December 2021, and rented once, from April 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3017 · DLD and Ejari recordsUpdated 14 April 2023
Last soldAED 1.8M12 December 2021
Current rentAED 140K /yr14 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3017, The Palm Tower

What is 3017 worth today?

Last sold for AED 1,800,000 in 2021

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14 Apr 2023RentedNew contract
AED 140,000/yr12 months · AED 265 per sqft
12 Dec 2021SoldOff-plan
AED 1,800,000AED 3,550 per sqft
28 Aug 2019Sold by developerOff-plan
AED 1,766,600AED 3,484 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 14 April 2023.

Key facts

Type
Studio apartment
Size
507 sqft
Floor
30th of 47
Parking
B3-180
Developer
The Palm - Jumeirah Co
Completed
2021
Last sold
AED 1.8M · December 2021
Building
The Palm Tower

About 3017, The Palm Tower

3017 is a studio of 507 sqft on the 30th floor of The Palm Tower, a 47-storey tower in Palm Jumeirah completed in 2021 by The Palm - Jumeirah Co. It last sold on 12 December 2021 for AED 1,800,000, or AED 3,550 per sqft, 8% above the AED 3,279 studios in the building were fetching at the time.

One Ejari contract is registered, from 14 April 2023. The current contract, signed on 14 April 2023, is AED 140,000 a year: a gross yield of 7.8% on the 2021 price.

Sales and rents for 3017 over time

Sales
Unit 3017, 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, August 2019: AED 1,766,600 (AED 3,484 per sqft)Sold, December 2021: AED 1,800,000 (AED 3,550 per sqft)

3017 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 3017, 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, April 2023: AED 140,000 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 3017 sits

All 191 studios →

3017 last sold in December 2021 at AED 3,550 per sqft, 8% above what studios in The Palm Tower were fetching at the time (AED 3,279). 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. 3017's AED 140,000 is in the upper half 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 30th floor

All 432 units in The Palm Tower
Value
3001StudioAED 1.46M · Apr 2018
3002StudioAED 1.75M · Aug 2015
3003StudioAED 1.75M · Jul 2015
3004StudioAED 1.75M · Jul 2015
30051-bedAED 2.7M · Nov 2021
3006StudioAED 1.75M · Jul 2015
3007StudioAED 1.75M · Jul 2015
1–7 of 17

3017, The Palm Tower in numbers

  • Sold twice: first on 28 August 2019 for AED 1,766,600, last on 12 December 2021 for AED 1,800,000 (AED 3,550 per sqft).
  • Rented since April 2023 on one Ejari contract, at AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2021 price is 7.8%.
  • 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: YallaValue analysis of Dubai Land Department records. Updated 14 April 2023.

Questions about 3017, The Palm Tower

What did unit 3017 last sell for?

AED 1,800,000 on 12 December 2021: AED 3,550 per sqft for 507 sqft. The unit has 2 registered sales; the first was AED 1,766,600 in August 2019.

What is the rent for unit 3017?

AED 140,000 a year on the contract signed on 14 April 2023.

How big is unit 3017?

507 sqft (47.1 sqm): a studio on the 30th floor of a 47-storey tower completed in 2021.

What is unit 3017 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 3017, The Palm Tower

Starts from the last sale price (AED 1.8M, 12 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

Plus AED 80,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →