Palm Jumeirah · Ready · 52% of recent sales are studios
Studios resell for about AED 1.37M and rent for AED 75k a year.
Image: Seven Tides
At a glance
From 30 resales in the last 12 months.
From 21 new leases in the last 3 months.
Less than studios across Palm Jumeirah, at 6.0%.
1.6 times as many resales as the typical similar building, so it's easier to sell when you're ready.
What brings you here?
AED 1.37M
That's the typical price. 15 of the 30 studios resold here in the last year went for AED 1.03M to AED 1.5M. 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 1.03M
8 of the 30 studios resold here in the last year went for this or less. Start here and leave room to move.
Based on the typical studio here at AED 1.37M, and renting a studio here for AED 75k a year.
The mortgage is AED 147 a month less than renting.
Before service charges and any change in price.
AED 369k
Over 5 years, buying costs about AED 327k in fees and interest. Renting costs about AED 375k.
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.
5.5%
A year's rent, about AED 75k, as a share of the price, before service charges. Studios across Palm Jumeirah earn 6.0%.
3 a month
That's how often a studio resells here. The building has 1.6 times as many resales as the typical similar building nearby.
No clear move
Only 10 resales in the building in the last 3 months, too few to call a direction.
Each dot is a studio sale here. The line is the going rate: every extra sq ft adds about AED 1,069. Dots well above the line sold for more than their size explains, so ask what made them worth it.
AED 2.14M
That's the typical price. 11 of the 23 1-bedrooms resold here in the last year went for AED 1.96M to AED 2.33M. 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 1.96M
6 of the 23 1-bedrooms resold here in the last year went for this or less. Start here and leave room to move.
Based on the typical 1-bedroom here at AED 2.14M, and renting a 1-bedroom here for AED 115k a year.
The mortgage is AED 67 a month less than renting.
Before service charges and any change in price.
AED 571k
Over 5 years, buying costs about AED 506k in fees and interest. Renting costs about AED 575k.
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.
5.4%
A year's rent, about AED 115k, as a share of the price, before service charges. 1-bedrooms across Palm Jumeirah earn 5.0%.
2 a month
That's how often a 1-bedroom resells here. The building has 1.6 times as many resales as the typical similar building nearby.
No clear move
Only 10 resales in the building in the last 3 months, too few to call a direction.
Each dot is a 1-bedroom sale here. The line is the going rate: every extra sq ft adds about AED 1,544. Dots well above the line sold for more than their size explains, so ask what made them worth it.
Not enough deals yet
Only 1 sold here in the last year, too few for a fair range. Across Palm Jumeirah, a 2-bedroom resells for about AED 4.7M.
Not enough deals yet
Only 4 sold here in the last year, too few for a fair range. Across Palm Jumeirah, a 3-bedroom resells for about AED 6.5M.
AED 75k a year
That's the typical new studio rent here. Of the 21 new leases in the last 3 months, 14 signed for AED 70k to AED 80k. Enter your quote to check it.
Each dot is a real new lease here in the last 3 months.
No clear move
Only 21 new studio leases in the last 3 months, too few to call a direction.
2 a week
That's how often a new studio lease is signed here, from 21 new leases in the last 3 months.
18 years
of rent at AED 75k equals the typical studio price, AED 1.37M, before fees and service charges.
You'd pay about AED 75k a year to rent a studio here. Here's what owning a studio here would cost each month, and the cash you'd need first.
AED 369kthen AED 6,103 a month
Owning would cost you AED 147 a month less than renting, before service charges, once you've put down AED 369k.
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.
AED 115k a year
That's the typical new 1-bedroom rent here. Of the 28 new leases in the last 3 months, 17 signed for AED 105k to AED 130k. Enter your quote to check it.
Each dot is a real new lease here in the last 3 months.
AED 115k
Renewing tenants here pay about AED 120k. New tenants pay AED 5k less for the same 1-bedroom, so ask to match them.
Hi, I'd love to renew. In the last 3 months, 28 new 1-bedroom leases in Seven Hotel and Apartments the Palm have been registered with the Dubai Land Department, at about AED 115,000 a year. Could we renew at that rate?
2 a week
That's how often a new 1-bedroom lease is signed here, from 28 new leases in the last 3 months.
19 years
of rent at AED 115k equals the typical 1-bedroom price, AED 2.14M, before fees and service charges.
You'd pay about AED 115k a year to rent a 1-bedroom here. Here's what owning a 1-bedroom here would cost each month, and the cash you'd need first.
AED 571kthen AED 9,516 a month
Owning would cost you AED 67 a month less than renting, before service charges, once you've put down AED 571k.
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.
Not enough deals yet
No new leases here in the last 3 months. Across Palm Jumeirah, a new 2-bedroom lease is about AED 200k a year.
Here are other buildings nearby and what a 2-bedroom rents for in each.
Not enough deals yet
No new leases here in the last 3 months. Across Palm Jumeirah, a new 3-bedroom lease is about AED 300k a year.
Move the slider to your size.
AED 1.37M
Apartments this size here usually sell for AED 1.02M to AED 1.52M.
AED 75k
That's the typical new studio rent here. 4 of the 21 new leases paid over AED 80k. Ask more if yours is high up or upgraded.
Start from the typical studio price here, AED 1.37M. Enter what's left on your mortgage to see what reaches your account.
AED 1.37M
Your developer also charges for the no-objection certificate, often AED 500 to 5,000.
No clear move
Only 10 resales in the building in the last 3 months, too few to call a direction.
3 a month
Studios resell here at about this pace. The latest 3:
5.5%
That's a year's rent against today's price, before costs. Studios across Palm Jumeirah earn 6.0%.
Move the slider to your size.
AED 2.14M
Apartments this size here usually sell for AED 1.75M to AED 2.38M.
AED 115k
That's the typical new 1-bedroom rent here. 6 of the 28 new leases paid over AED 130k. Ask more if yours is high up or upgraded.
Start from the typical 1-bedroom price here, AED 2.14M. Enter what's left on your mortgage to see what reaches your account.
AED 2.14M
Your developer also charges for the no-objection certificate, often AED 500 to 5,000.
No clear move
Only 10 resales in the building in the last 3 months, too few to call a direction.
2 a month
1-bedrooms resell here at about this pace. The latest 3:
5.4%
That's a year's rent against today's price, before costs. 1-bedrooms across Palm Jumeirah earn 5.0%.
Not enough deals yet
Only 1 sold here in the last year, too few for a fair range. Across Palm Jumeirah, a 2-bedroom resells for about AED 4.7M.
Not enough deals yet
Only 4 sold here in the last year, too few for a fair range. Across Palm Jumeirah, a 3-bedroom resells for about AED 6.5M.
2 of the 6 others
in Palm Jumeirah earn a higher return than Seven Hotel and Apartments the Palm. Across the building as a whole it costs AED 3,286 per sq ft and earns 5.1%. The typical building in Palm Jumeirah costs AED 2,693 per sq ft and earns 4.6%.
AED 3,103
per sq ft across 10 resales in the building in the last 3 months. Across Palm Jumeirah, prices are up 3% on a year ago.
Here are other buildings nearby and what a 2-bedroom costs in each.
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 1.37M on resale; 15 of 30 sold for AED 1.03M to AED 1.5M.
About AED 75k a year on a new lease.
About 5.5% gross on a studio, before service charges.
Yes: 58 resales in 12 months, 1.6 times the typical similar building.