Unit 2724, Park Lane Tower: what it sold for and what it is worth now

Unit 2724 at Park Lane Tower is a studio of 521 sq ft. It last sold for AED 675,066 on 23 May 2021. At AED 1,117 per sq ft, from 8 sales in the building in the last 12 months (studio), it is worth about AED 582,000 today.

Value todayAED 582,000AED 323,000 to AED 610,000
Last saleAED 675,06623 May 2021 · Resale
Change since last sale-13.8%Building trend alone: AED 581,869
Rent (median asking, studio)AED 80,000Gross yield 13.7%
Bedroomsstudio
Size521 sq ft
Floor27 (from the unit number)
Position in the towerStack 24: units ending 24 share the same layout and view
BuildingPark Lane Tower by Dubai Properties, handed over 2016
Registered sales of this unit1

Every registered sale of unit 2724

DatePriceSizeAED/sq ftType
23 May 2021AED 675,066521 sq ft1,296Resale

Latest studio sales in Park Lane Tower

UnitDatePriceSizeAED/sq ftType
23175 Feb 2026AED 520,000321 sq ft1,620Resale
230518 Dec 2025AED 375,000301 sq ft1,246Resale
242011 Nov 2025AED 330,000293 sq ft1,126Resale
252211 Nov 2025AED 330,000298 sq ft1,107Resale
242628 Aug 2025AED 855,000746 sq ft1,146Resale
271711 Mar 2025AED 199,274321 sq ft621Resale
291711 Mar 2025AED 199,807322 sq ft621Resale
272111 Mar 2025AED 225,965364 sq ft621Resale

How we worked out the value

We took the 8 sales in Park Lane Tower in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,117). We multiplied it by the size of this unit (521 sq ft). The range uses the middle half of those sales (AED 621 to AED 1,171 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 581,869. Floor, view, condition and upgrades can move the price either way. Sales data to 5 Feb 2026, from the Dubai Land Department register.

Questions

What is unit 2724 at Park Lane Tower worth?

About AED 582,000 (range AED 323,000 to AED 610,000), based on AED 1,117 per sq ft from registered sales up to 5 Feb 2026.

When did unit 2724 last sell?

23 May 2021, for AED 675,066 (resale). It has 1 registered sale.

What rent can unit 2724 make?

A studio in Park Lane Tower rents for about AED 80,000 a year (median asking rent). That is a gross yield of 13.7% on the estimate.

Sales alert for Park Lane TowerAll sales in Park Lane Tower

Unit 2721 · Unit 2725