1-bed · 1,055 sqftThe Palm Tower, Palm Jumeirah · 33rd floor · completed 2021

3305, The Palm Tower

Sold prices and rental history: sold once, by the developer in August 2021, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3305 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 2.85M15 August 2021
Current rentAED 225K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3305, The Palm Tower

What is 3305 worth today?

Last sold for AED 2,847,713 in 2021

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1 Jul 2024RentedNew contract
AED 225,000/yr12 months · AED 213 per sqft
1 Jul 2023RentedRenewal
AED 200,000/yr12 months · AED 190 per sqft
1 Jul 2022RentedNew contract
AED 180,000/yr12 months · AED 171 per sqft
15 Aug 2021Sold by developerOff-plan
AED 2,847,713AED 2,700 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 July 2024.

Key facts

Type
1-bed apartment
Size
1,055 sqft
Floor
33rd of 47
Parking
B3-237
Developer
The Palm - Jumeirah Co
Completed
2021
Last sold
AED 2.85M · August 2021

About 3305, The Palm Tower

3305 is a one-bedroom apartment of 1,055 sqft on the 33rd 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 15 August 2021 for AED 2,847,713, or AED 2,700 per sqft, 10% below the AED 3,015 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 1 July 2024, is AED 225,000 a year: a gross yield of 7.9% on the 2021 price.

Sales and rents for 3305 over time

Sales
Unit 3305, each saleTypical one-bed in The Palm Tower
4M20152018202120242027Typical sale price by year: 2015 AED 3,523,850; 2016 AED 3,913,900; 2017 AED 3,345,800; 2018 AED 3,185,290; 2019 AED 3,372,904; 2021 AED 3,218,600; 2022 AED 3,578,000; 2023 AED 4,000,000; 2024 AED 4,100,000; 2025 AED 4,600,000; 2026 AED 5,110,000Sold by developer, August 2021: AED 2,847,713 (AED 2,700 per sqft)

3305 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3305, each contractTypical one-bed in The Palm Tower
200K250K202220242026Typical rent by year: 2022 AED 197,500; 2023 AED 229,167; 2024 AED 245,000; 2025 AED 260,000; 2026 AED 260,364New contract, July 2022: AED 180,000 a yearRenewal, July 2023: AED 200,000 a yearNew contract, July 2024: AED 225,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in The Palm Tower, and where 3305 sits

All 216 1-beds →

3305 last sold in August 2021 at AED 2,700 per sqft, 10% below what one-beds in The Palm Tower were fetching at the time (AED 3,015). Over the last 12 months one-beds sold for AED 3,700,000 to 6,000,000, around AED 4,581 per sqft, and rent for AED 230,000 to 300,000 a year. 3305's AED 225,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Feb 20265,110,000
3 Feb 20265,650,000
30 Jan 20264,550,000
29 Jan 20266,000,000
7 1-bed 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 33rd floor

All 432 units in The Palm Tower
Value
3301StudioAED 1.84M · Apr 2020
3302StudioAED 1.82M · Sep 2015
3303StudioAED 1.82M · Nov 2015
3304StudioAED 1.82M · Sep 2015
3306StudioAED 1.82M · Aug 2015
3307StudioAED 1.82M · Aug 2015
3308StudioAED 1.8M · Aug 2015
1–7 of 17

3305, The Palm Tower in numbers

  • Sold once: by The Palm - Jumeirah Co on 15 August 2021 for AED 2,847,713, or AED 2,700 per sqft.
  • Rented since July 2022 on 3 Ejari contracts, from AED 180,000 to AED 225,000 a year.
  • At AED 225,000 a year the gross yield on the 2021 price is 7.9%.
  • One-beds in The Palm Tower sold for AED 3,700,000–6,000,000 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 1 July 2024.

Questions about 3305, The Palm Tower

What did unit 3305 last sell for?

AED 2,847,713 on 15 August 2021, sold by the developer: AED 2,700 per sqft for 1,055 sqft. It is the only registered sale of the unit.

What is the rent for unit 3305?

AED 225,000 a year on the contract signed on 1 July 2024. The previous contract, from July 2023, was AED 200,000; the unit has been rented since July 2022.

How big is unit 3305?

1,055 sqft (98.0 sqm): a one-bedroom apartment on the 33rd floor of a 47-storey tower completed in 2021.

What is unit 3305 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Palm Tower sold for AED 3,700,000 to 6,000,000 in the last 12 months, around AED 4,581 per sqft.

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Mortgage on 3305, The Palm Tower

Starts from the last sale price (AED 2.85M, 15 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,847,713
Deposit, UAE resident (20%)
AED 569,543
Deposit, non-resident (40%)
AED 1,139,085
Monthly over 25 years at 3.7%
AED 11,651

Plus AED 124,614 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →