Studio · 524 sqftThe Palm Tower, Palm Jumeirah · 32nd floor · completed 2021

3215, The Palm Tower

Sold prices and rental history: sold once, by the developer in August 2015, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3215 · DLD and Ejari recordsUpdated 18 August 2015
Last soldAED 1.79M18 August 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3215, The Palm Tower

What is 3215 worth today?

Last sold for AED 1,791,600 in 2015

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18 Aug 2015Sold by developerOff-plan
AED 1,791,600AED 3,419 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 18 August 2015.

Key facts

Type
Studio apartment
Size
524 sqft
Floor
32nd of 47
Parking
B3-223
Developer
The Palm - Jumeirah Co
Completed
2021
Last sold
AED 1.79M · August 2015

About 3215, The Palm Tower

3215 is a studio of 524 sqft on the 32nd 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 18 August 2015 for AED 1,791,600, or AED 3,419 per sqft, 6% above the AED 3,240 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 3215 over time

Sales
Unit 3215, 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 2015: AED 1,791,600 (AED 3,419 per sqft)

3215 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 3215, 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 135,750

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 3215 sits

All 191 studios →

3215 last sold in August 2015 at AED 3,419 per sqft, 6% above what studios in The Palm Tower were fetching at the time (AED 3,240). 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.

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 32nd floor

All 432 units in The Palm Tower
Value
3201StudioAED 2.08M · May 2024
3202StudioAED 1.85M · Feb 2023
3203StudioAED 2M · May 2023
3204StudioAED 1.8M · Sep 2015
32051-bedAED 2.88M · Nov 2021
3206StudioAED 1.8M · Aug 2015
3207StudioAED 1.8M · May 2016
1–7 of 16

3215, The Palm Tower in numbers

  • Sold once: by The Palm - Jumeirah Co on 18 August 2015 for AED 1,791,600, or AED 3,419 per sqft.
  • 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 18 August 2015.

Questions about 3215, The Palm Tower

What did unit 3215 last sell for?

AED 1,791,600 on 18 August 2015, sold by the developer: AED 3,419 per sqft for 524 sqft. It is the only registered sale of the unit.

How big is unit 3215?

524 sqft (48.7 sqm): a studio on the 32nd floor of a 47-storey tower completed in 2021.

What is unit 3215 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 3215, The Palm Tower

Starts from the last sale price (AED 1.79M, 18 August 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,791,600
Deposit, UAE resident (20%)
AED 358,320
Deposit, non-resident (40%)
AED 716,640
Monthly over 25 years at 3.7%
AED 7,330

Plus AED 80,257 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →