Palm Jumeirah · Ready and off-plan · 54% of recent sales are 2-bedrooms
2-bedrooms resell for about AED 8.7M and rent for AED 500k a year.
Image: Palma Holding
At a glance
From 21 resales in the last 12 months.
From 17 new leases in the last 3 months.
More than 2-bedrooms across Palm Jumeirah, at 4.3%.
About as many resales as the typical similar building.
What brings you here?
AED 8.7M
That's the typical price. 11 of the 21 2-bedrooms resold here in the last year went for AED 7.6M to AED 9.55M. Got an asking price? Enter it below to see how it compares.
Each dot is a real sale here in the last 12 months.
AED 7.6M
6 of the 21 2-bedrooms resold here in the last year went for this or less. Start here and leave room to move.
Based on the typical 2-bedroom here at AED 8.7M, and renting a 2-bedroom here for AED 500k a year.
The mortgage is AED 7,817 a month less than renting.
Before service charges and any change in price.
AED 3.16M
Over 5 years, buying costs about AED 1.85M in fees and interest. Renting costs about AED 2.5M.
Fees: DLD transfer fee 4% plus AED 580; trustee fee AED 4,000 plus VAT; mortgage registration 0.25% of the loan plus AED 290; agency fee 2% plus VAT; bank valuation about AED 3,000. Up to 80% loan for a first home up to AED 5M. Your bank sets your rate.
5.8%
A year's rent, about AED 500k, as a share of the price, before service charges. 2-bedrooms across Palm Jumeirah earn 4.3%.
2 a month
That's how often a 2-bedroom resells here. The building has about as many resales as the typical similar building nearby.
No clear move
Only 26 resales in the building in the last 3 months, too few to call a direction.
Each dot is a 2-bedroom sale here. The line is the going rate: every extra sq ft adds about AED 3,775. Dots well above the line sold for more than their size explains, so ask what made them worth it.
0 of the 6 others
in Palm Jumeirah earn a higher return than Serenia Living. Across the building as a whole it costs AED 4,550 per sq ft and earns 5.8%. The typical building in Palm Jumeirah costs AED 2,693 per sq ft and earns 4.6%.
Not enough deals yet
14 sold here in the last year, split between resales and off-plan sales, too few of either for a fair range. Across Palm Jumeirah, a 3-bedroom resells for about AED 6.5M.
AED 750k a year
Based on 10 new leases here in the last 3 months.
Not enough deals yet
10 sold here in the last year, split between resales and off-plan sales, too few of either for a fair range. Across Palm Jumeirah, a 4-bedroom resells for about AED 15.25M.
AED 500k a year
That's the typical new 2-bedroom rent here. Of the 17 new leases in the last 3 months, 9 signed for AED 480k to AED 550k. Enter your quote to check it.
Each dot is a real new lease here in the last 3 months.
No clear move
Only 17 new 2-bedroom leases in the last 3 months, too few to call a direction.
1 a week
That's how often a new 2-bedroom lease is signed here, from 17 new leases in the last 3 months.
17 years
of rent at AED 500k equals the typical 2-bedroom price, AED 8.7M, before fees and service charges.
You'd pay about AED 500k a year to rent a 2-bedroom here. Here's what owning a 2-bedroom here would cost each month, and the cash you'd need first.
AED 3.16Mthen AED 33,850 a month
Owning would cost you AED 7,817 a month less than renting, before service charges, once you've put down AED 3.16M.
Fees: DLD transfer fee 4% plus AED 580; trustee fee AED 4,000 plus VAT; mortgage registration 0.25% of the loan plus AED 290; agency fee 2% plus VAT; bank valuation about AED 3,000. Up to 80% loan for a first home up to AED 5M. Your bank sets your rate.
3 buildings
nearby sign new 2-bedroom leases under AED 500k. Here's the typical rent at each building over the last 3 months.
AED 750k a year
That's the typical new 3-bedroom rent here. Of the 10 new leases in the last 3 months, 5 signed for AED 680k to AED 841k. Enter your quote to check it.
Each dot is a real new lease here in the last 3 months.
1 a week
That's how often a new 3-bedroom lease is signed here, from 10 new leases in the last 3 months.
Not enough deals yet
Only 8 new leases were signed here in the last 3 months, too few for a fair range. Across Palm Jumeirah, a new 4-bedroom lease is about AED 900k a year.
Move the slider to your size.
AED 8.7M
Apartments this size here usually sell for AED 8.13M to AED 9.48M.
AED 500k
That's the typical new 2-bedroom rent here. 4 of the 17 new leases paid over AED 550k. Ask more if yours is high up or upgraded.
Start from the typical 2-bedroom price here, AED 8.7M. Enter what's left on your mortgage to see what reaches your account.
AED 8.7M
Your developer also charges for the no-objection certificate, often AED 500 to 5,000.
No clear move
Only 26 resales in the building in the last 3 months, too few to call a direction.
2 a month
2-bedrooms resell here at about this pace. The latest 3:
5.8%
That's a year's rent against today's price, before costs. 2-bedrooms across Palm Jumeirah earn 4.3%.
AED 4,645
per sq ft across 26 resales in the building in the last 3 months. Across Palm Jumeirah, prices are up 3% on a year ago.
Not enough deals yet
14 sold here in the last year, split between resales and off-plan sales, too few of either for a fair range. Across Palm Jumeirah, a 3-bedroom resells for about AED 6.5M.
AED 750k a year
Based on 10 new leases here in the last 3 months.
Not enough deals yet
10 sold here in the last year, split between resales and off-plan sales, too few of either for a fair range. Across Palm Jumeirah, a 4-bedroom resells for about AED 15.25M.
Here are other buildings nearby and what a 3-bedroom costs in each.
Quick answers, from the same deals as the rest of this page.
About AED 8.7M on resale; 11 of 21 sold for AED 7.6M to AED 9.55M.
About AED 500k a year on a new lease.
About 5.8% gross on a 2-bedroom, before service charges.
About the same as the typical similar building: 36 resales in 12 months.