3516, The Palm Tower
Sold prices and rental history: sold twice, last in April 2024, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3516, The Palm Tower
What is 3516 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2025.
Key facts
- Type
- Studio apartment
- Size
- 524 sqft
- Floor
- 35th of 47
- Parking
- B2-17
- Developer
- The Palm - Jumeirah Co
- Completed
- 2021
- Last sold
- AED 2.32M · April 2024
- Building
- The Palm Tower
About 3516, The Palm Tower
3516 is a studio of 524 sqft on the 35th floor of The Palm Tower, a 47-storey tower in Palm Jumeirah completed in 2021 by The Palm - Jumeirah Co. It last sold on 24 April 2024 for AED 2,320,000, or AED 4,423 per sqft, 12% above the AED 3,963 studios in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, renewed on 1 August 2025, is AED 120,000 a year: a gross yield of 5.2% on the 2024 price.
Sales and rents for 3516 over time
3516 has sold twice; 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 3516 sits
All 191 studios →3516 last sold in April 2024 at AED 4,423 per sqft, 12% above what studios in The Palm Tower were fetching at the time (AED 3,963). 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. 3516's AED 120,000 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 35th floor
All 432 units in The Palm Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3501 | 1-bed | 1,031 sqft | AED 3.19MAED 3,190,100 · Nov 2021November 2021 | ||
| 3503 | Studio | 523 sqft | AED 2.33MAED 2,325,000 · Jan 2026January 2026 | 135,000 /yr | |
| 3504 | Studio | 524 sqft | AED 2.2MAED 2,200,000 · Feb 2025February 2025 | ||
| 3505 | 1-bed | 1,055 sqft | AED 3.14MAED 3,140,920 · Nov 2018November 2018 | ||
| 3506 | Studio | 523 sqft | AED 2.15MAED 2,150,000 · May 2024May 2024 | 120,000 /yr | |
| 3507 | Studio | 518 sqft | AED 2.24MAED 2,235,000 · Jan 2024January 2024 | 140,000 /yr | |
| 3508 | Studio | 518 sqft | AED 1.85MAED 1,845,200 · Mar 2020March 2020 | 110,000 /yr | |
| 3509 | 1-bed | 1,115 sqft | AED 3.35MAED 3,345,940 · Nov 2018November 2018 | ||
| 3510 | 1-bed | 1,114 sqft | AED 3.35MAED 3,345,940 · Nov 2018November 2018 | ||
| 3511 | 1-bed | 1,144 sqft | AED 3.55MAED 3,548,000 · Jan 2023January 2023 | ||
| 3513 | 1-bed | 1,055 sqft | AED 3.11MAED 3,110,915 · Nov 2018November 2018 | ||
| 3514 | 1-bed | 1,055 sqft | AED 4.15MAED 4,150,000 · Apr 2025April 2025 | ||
| 3517 | Studio | 524 sqft | AED 2.04MAED 2,035,000 · Jul 2023July 2023 | 166,000 /yr | |
| 3518 | 1-bed | 1,070 sqft | AED 4.35MAED 4,350,000 · Oct 2022October 2022 | 180,000 /yr | |
| 3519 | 1-bed | 1,115 sqft | AED 3.96MAED 3,961,400 · Jul 2015July 2015 | 270,000 /yr |
3516, The Palm Tower in numbers
- Sold twice: first on 19 April 2016 for AED 1,858,500, last on 24 April 2024 for AED 2,320,000 (AED 4,423 per sqft).
- Rented since August 2024 on 2 Ejari contracts, from AED 117,500 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2024 price is 5.2%.
- 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 1 August 2025.
Questions about 3516, The Palm Tower
What did unit 3516 last sell for?
AED 2,320,000 on 24 April 2024: AED 4,423 per sqft for 524 sqft. The unit has 2 registered sales; the first was AED 1,858,500 in April 2016.
What is the rent for unit 3516?
AED 120,000 a year on the contract renewed on 1 August 2025. The previous contract, from August 2024, was AED 117,500.
How big is unit 3516?
524 sqft (48.7 sqm): a studio on the 35th floor of a 47-storey tower completed in 2021.
What is unit 3516 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 3516, The Palm Tower
Starts from the last sale price (AED 2.32M, 24 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,320,000
- Deposit, UAE resident (20%)
- AED 464,000
- Deposit, non-resident (40%)
- AED 928,000
- Monthly over 25 years at 3.7%
- AED 9,492
Plus AED 102,450 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →