Studio · 507 sqftThe Palm Tower, Palm Jumeirah · 34th floor · completed 2021

3402, The Palm Tower

Sold prices and rental history: sold twice, last in December 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3402 · DLD and Ejari recordsUpdated 22 December 2021
Last soldAED 1.6M22 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3402, The Palm Tower

What is 3402 worth today?

Last sold for AED 1,600,000 in 2021

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22 Dec 2021SoldOff-plan
AED 1,600,000AED 3,155 per sqft
7 Sep 2015Sold by developerOff-plan
AED 1,843,800AED 3,522 per sqft

Source: Dubai Land Department. Updated 22 December 2021.

Key facts

Type
Studio apartment
Size
507 sqft
Floor
34th of 47
Parking
B2-20
Developer
The Palm - Jumeirah Co
Completed
2021
Last sold
AED 1.6M · December 2021

About 3402, The Palm Tower

3402 is a studio of 507 sqft on the 34th floor of The Palm Tower, a 47-storey tower in Palm Jumeirah completed in 2021 by The Palm - Jumeirah Co. It last sold on 22 December 2021 for AED 1,600,000, or AED 3,155 per sqft, in line with the AED 3,209 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 3402 over time

Sales
Unit 3402, 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 1,843,800 (AED 3,522 per sqft)Sold, December 2021: AED 1,600,000 (AED 3,155 per sqft)

3402 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 3402, 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 3402 sits

All 191 studios →

3402 last sold in December 2021 at AED 3,155 per sqft, in line with what studios in The Palm Tower were fetching at the time (AED 3,209). 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 34th floor

All 432 units in The Palm Tower
Value
3401StudioAED 2.06M · May 2023
3403StudioAED 2.15M · Jul 2023
3404StudioAED 2.05M · Jul 2023
34051-bedAED 3.55M · May 2023
3406StudioAED 1.84M · Oct 2015
3407StudioAED 1.52M · May 2017
3408StudioAED 1.9M · Dec 2024
1–7 of 15

3402, The Palm Tower in numbers

  • Sold twice: first on 7 September 2015 for AED 1,843,800, last on 22 December 2021 for AED 1,600,000 (AED 3,155 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: Dubai Land Department. Updated 22 December 2021.

Questions about 3402, The Palm Tower

What did unit 3402 last sell for?

AED 1,600,000 on 22 December 2021: AED 3,155 per sqft for 507 sqft. The unit has 2 registered sales; the first was AED 1,843,800 in September 2015.

How big is unit 3402?

507 sqft (47.1 sqm): a studio on the 34th floor of a 47-storey tower completed in 2021.

What is unit 3402 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 3402, The Palm Tower

Starts from the last sale price (AED 1.6M, 22 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

Plus AED 72,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →