3116, The Palm Tower
Sold prices and rental history: sold once, by the developer in July 2015, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3116, The Palm Tower
What is 3116 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 19 January 2025.
Key facts
- Type
- Studio apartment
- Size
- 524 sqft
- Floor
- 31st of 47
- Parking
- B3-178
- Developer
- The Palm - Jumeirah Co
- Completed
- 2021
- Last sold
- AED 1.77M · July 2015
- Building
- The Palm Tower
About 3116, The Palm Tower
3116 is a studio of 524 sqft on the 31st 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 29 July 2015 for AED 1,769,300, or AED 3,379 per sqft, in line with the AED 3,304 studios in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 19 January 2025, is AED 130,000 a year: a gross yield of 7.3% on the 2015 price.
Sales and rents for 3116 over time
3116 has sold once; 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 3116 sits
All 191 studios →3116 last sold in July 2015 at AED 3,379 per sqft, in line with what studios in The Palm Tower were fetching at the time (AED 3,304). 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. 3116'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 31st floor
All 432 units in The Palm Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3101 | Studio | 494 sqft | AED 1.8MAED 1,796,800 · Jul 2015July 2015 | 150,000 /yr | |
| 3102 | Studio | 524 sqft | AED 1.78MAED 1,776,900 · Jul 2015July 2015 | 125,000 /yr | |
| 3103 | Studio | 524 sqft | AED 1.78MAED 1,776,900 · Jul 2015July 2015 | 130,000 /yr | |
| 3104 | Studio | 524 sqft | AED 1.78MAED 1,776,900 · Jul 2015July 2015 | 130,000 /yr | |
| 3105 | 1-bed | 1,055 sqft | AED 3.51MAED 3,514,200 · Jul 2015July 2015 | 230,000 /yr | |
| 3106 | Studio | 523 sqft | AED 1.78MAED 1,776,900 · Jul 2015July 2015 | 130,000 /yr | |
| 3107 | Studio | 518 sqft | AED 1.78MAED 1,776,900 · Jul 2015July 2015 | 120,000 /yr | |
| 3108 | Studio | 518 sqft | AED 2.25MAED 2,250,000 · Apr 2025April 2025 | 110,000 /yr | |
| 3109 | 1-bed | 1,110 sqft | AED 3.19MAED 3,185,290 · Nov 2018November 2018 | ||
| 3110 | 1-bed | 1,109 sqft | AED 3.19MAED 3,185,290 · Nov 2018November 2018 | 300,000 /yr | |
| 3111 | Studio | 601 sqft | AED 2.08MAED 2,082,700 · Dec 2019December 2019 | ||
| 3112 | Studio | 520 sqft | AED 1.77MAED 1,769,300 · Jul 2015July 2015 | 110,000 /yr | |
| 3113 | 1-bed | 1,058 sqft | AED 3.48MAED 3,479,900 · Jul 2015July 2015 | 250,000 /yr | |
| 3114 | Studio | 524 sqft | AED 2.3MAED 2,300,000 · Apr 2025April 2025 | 120,000 /yr | |
| 3115 | Studio | 524 sqft | AED 2.25MAED 2,250,000 · Apr 2025April 2025 | 120,000 /yr | |
| 3117 | Studio | 524 sqft | AED 1.79MAED 1,789,200 · Jul 2015July 2015 | 125,000 /yr | |
| 3118 | 1-bed | 1,064 sqft | AED 3.27MAED 3,270,000 · Apr 2022April 2022 | ||
| 3119 | 1-bed | 1,109 sqft | AED 5.5MAED 5,500,000 · Dec 2023December 2023 |
3116, The Palm Tower in numbers
- Sold once: by The Palm - Jumeirah Co on 29 July 2015 for AED 1,769,300, or AED 3,379 per sqft.
- Rented since January 2023 on 3 Ejari contracts, from AED 110,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2015 price is 7.3%.
- 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 19 January 2025.
Questions about 3116, The Palm Tower
What did unit 3116 last sell for?
AED 1,769,300 on 29 July 2015, sold by the developer: AED 3,379 per sqft for 524 sqft. It is the only registered sale of the unit.
What is the rent for unit 3116?
AED 130,000 a year on the contract renewed on 19 January 2025. The previous contract, from January 2024, was AED 130,000; the unit has been rented since January 2023.
How big is unit 3116?
524 sqft (48.7 sqm): a studio on the 31st floor of a 47-storey tower completed in 2021.
What is unit 3116 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 3116, The Palm Tower
Starts from the last sale price (AED 1.77M, 29 July 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,769,300
- Deposit, UAE resident (20%)
- AED 353,860
- Deposit, non-resident (40%)
- AED 707,720
- Monthly over 25 years at 3.7%
- AED 7,239
Plus AED 79,321 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →