Unit 1011, Palace Residences: what it sold for and what it is worth now

Unit 1011 at Palace Residences is a 3 bed of 1,779 sq ft. It last sold for AED 3,350,000 on 24 Mar 2023. At AED 2,698 per sq ft, from 7 sales of units ending 11 (same position in the tower), it is worth about AED 4,800,000 today.

Value todayAED 4,800,000AED 4,375,000 to AED 4,941,000
Last saleAED 3,350,00024 Mar 2023 · Off-plan
Change since last sale+43.3%Building trend alone: AED 4,771,168
Rent (median asking, 3 bed)AED 280,000Gross yield 5.8%
Bedrooms3 bed
Size1,779 sq ft
Floor10 (from the unit number)
Position in the towerStack 11: units ending 11 share the same layout and view
BuildingPalace Residences by Emaar Properties, handed over 2022
Registered sales of this unit2

Every registered sale of unit 1011

DatePriceSizeAED/sq ftType
24 Mar 2023AED 3,350,0001,779 sq ft1,883Off-plan
30 Sep 2020AED 2,853,8881,779 sq ft1,604Off-plan

Units ending 11 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
1111 May 2026AED 4,150,0001,784 sq ft2,326Resale
38113 Mar 2026AED 5,550,0001,779 sq ft3,120Resale
28112 Jul 2025AED 4,900,0001,779 sq ft2,754Resale
181117 Mar 2025AED 4,400,0001,779 sq ft2,473Resale
171111 Feb 2025AED 4,800,0001,779 sq ft2,698Resale
291116 Jan 2025AED 4,350,0001,779 sq ft2,445Resale
411131 Oct 2024AED 3,050,0001,089 sq ft2,801Resale
19119 Jul 2024AED 4,485,0001,779 sq ft2,521Resale

Latest 3 bed sales in Palace Residences

UnitDatePriceSizeAED/sq ftType
270420 Jul 2026AED 4,700,0001,799 sq ft2,613Resale
1111 May 2026AED 4,150,0001,784 sq ft2,326Resale
38113 Mar 2026AED 5,550,0001,779 sq ft3,120Resale
370425 Dec 2025AED 5,100,0001,799 sq ft2,835Resale
400415 Oct 2025AED 4,900,0001,800 sq ft2,722Resale
18042 Oct 2025AED 5,000,0001,800 sq ft2,778Resale
410919 Aug 2025AED 5,000,0001,779 sq ft2,811Resale
28112 Jul 2025AED 4,900,0001,779 sq ft2,754Resale

How we worked out the value

We took the 7 resale sales of units ending 11 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 2,698). We multiplied it by the size of this unit (1,779 sq ft). The range uses the middle half of those sales (AED 2,459 to AED 2,778 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 4,771,168. Floor, view, condition and upgrades can move the price either way. Sales data to 14 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 1011 at Palace Residences worth?

About AED 4,800,000 (range AED 4,375,000 to AED 4,941,000), based on AED 2,698 per sq ft from registered sales up to 14 Oct 2026.

When did unit 1011 last sell?

24 Mar 2023, for AED 3,350,000 (off-plan). It has 2 registered sales.

What rent can unit 1011 make?

A 3 bed in Palace Residences rents for about AED 280,000 a year (median asking rent). That is a gross yield of 5.8% on the estimate.

Sales alert for Palace ResidencesAll sales in Palace Residences

Unit 1010 · Unit 1013