Palm Jumeirah · Ready · 50% of recent sales are studios
Studios resell for about AED 2.22M and rent for AED 105k a year.
Image: Nakheel
At a glance
From 20 resales in the last 12 months.
From 20 new leases in the last 3 months.
Less than studios across Palm Jumeirah, at 6.0%.
About as many resales as the typical similar building.
What brings you here?
AED 2.22M
That's the typical price. 12 of the 20 studios resold here in the last year went for AED 2.1M to AED 2.3M. 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 2.1M
6 of the 20 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 2.22M, and renting a studio here for AED 105k a year.
The mortgage is AED 1,099 a month more than renting.
Before service charges and any change in price.
AED 591k
Over 5 years, buying costs about AED 523k in fees and interest. Renting costs about AED 525k.
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.
4.7%
A year's rent, about AED 105k, as a share of the price, before service charges. Studios across Palm Jumeirah earn 6.0%.
2 a month
That's how often a studio resells here. The building has about as many resales as the typical similar building nearby.
No clear move
Only 8 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 830. Dots well above the line sold for more than their size explains, so ask what made them worth it.
AED 850k less
Studios at Seven Hotel and Apartments the Palm cost AED 1.37M and rent for AED 75k. That's a 5.5% return, against 4.7% here. Below: 1 cheaper building that earns more.
AED 4.6M
That's the typical price. 9 of the 17 1-bedrooms resold here in the last year went for AED 4.2M to AED 5.65M. 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 4.2M
5 of the 17 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 4.6M, and renting a 1-bedroom here for AED 235k a year.
The mortgage is AED 872 a month more than renting.
Before service charges and any change in price.
AED 1.22M
Over 5 years, buying costs about AED 1.08M in fees and interest. Renting costs about AED 1.18M.
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.
5.1%
A year's rent, about AED 235k, as a share of the price, before service charges. 1-bedrooms across Palm Jumeirah earn 5.0%.
1 a month
That's how often a 1-bedroom resells here. The building has about as many resales as the typical similar building nearby.
No clear move
Only 8 resales in the building in the last 3 months, too few to call a direction.
Each dot is a 1-bedroom sale here. Size does not explain the price in these sales, so compare each sale on its own.
AED 2.46M less
1-bedrooms at Seven Hotel and Apartments the Palm cost AED 2.14M and rent for AED 115k. That's a 5.4% return, against 5.1% here. Below: 2 cheaper buildings that earn more.
AED 105k a year
That's the typical new studio rent here. Of the 20 new leases in the last 3 months, 17 signed for AED 100k to AED 115k. Enter your quote to check it.
Each dot is a real new lease here in the last 3 months.
No clear move
Only 20 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 20 new leases in the last 3 months.
21 years
of rent at AED 105k equals the typical studio price, AED 2.22M, before fees and service charges.
You'd pay about AED 105k 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 591kthen AED 9,849 a month
Owning would cost you AED 1,099 a month more than renting, before service charges, once you've put down AED 591k.
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 235k a year
That's the typical new 1-bedroom rent here. Of the 17 new leases in the last 3 months, 12 signed for AED 215k to AED 250k. 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 1-bedroom lease is signed here, from 17 new leases in the last 3 months.
20 years
of rent at AED 235k equals the typical 1-bedroom price, AED 4.6M, before fees and service charges.
You'd pay about AED 235k 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 1.22Mthen AED 20,455 a month
Owning would cost you AED 872 a month more than renting, before service charges, once you've put down AED 1.22M.
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.
4 buildings
nearby sign new 1-bedroom leases under AED 235k. Here's the typical rent at each building over the last 3 months.
Move the slider to your size.
AED 2.22M
Apartments this size here usually sell for AED 2.12M to AED 2.28M.
AED 105k
That's the typical new studio rent here. 2 of the 20 new leases paid over AED 115k. Ask more if yours is high up or upgraded.
Start from the typical studio price here, AED 2.22M. Enter what's left on your mortgage to see what reaches your account.
AED 2.22M
Your developer also charges for the no-objection certificate, often AED 500 to 5,000.
No clear move
Only 8 resales in the building in the last 3 months, too few to call a direction.
2 a month
Studios resell here at about this pace. The latest 3:
4.7%
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 4.6M
Apartments this size here usually sell for AED 4.19M to AED 5.51M.
AED 235k
That's the typical new 1-bedroom rent here. 2 of the 17 new leases paid over AED 250k. Ask more if yours is high up or upgraded.
Start from the typical 1-bedroom price here, AED 4.6M. Enter what's left on your mortgage to see what reaches your account.
AED 4.6M
Your developer also charges for the no-objection certificate, often AED 500 to 5,000.
No clear move
Only 8 resales in the building in the last 3 months, too few to call a direction.
1 a month
1-bedrooms resell here at about this pace. The latest 3:
5.1%
That's a year's rent against today's price, before costs. 1-bedrooms across Palm Jumeirah earn 5.0%.
4 of the 6 others
in Palm Jumeirah earn a higher return than The Palm Tower. Across the building as a whole it costs AED 4,301 per sq ft and earns 4.7%. The typical building in Palm Jumeirah costs AED 2,693 per sq ft and earns 4.6%.
Each month's price per sq ft, from resales. Across Palm Jumeirah, prices are up 3% on a year ago.
Quick answers, from the same deals as the rest of this page.
About AED 2.22M on resale; 12 of 20 sold for AED 2.1M to AED 2.3M.
About AED 105k a year on a new lease.
About 4.7% gross on a studio, before service charges.
About the same as the typical similar building: 37 resales in 12 months.