Unit 1602 at Palace Residences is a 1 bed of 699 sq ft. It last sold for AED 1,200,000 on 1 May 2023. At AED 2,597 per sq ft, from 7 sales of units ending 02 (same position in the tower), it is worth about AED 1,815,000 today.
| Bedrooms | 1 bed |
|---|---|
| Size | 699 sq ft |
| Floor | 16 (from the unit number) |
| Position in the tower | Stack 02: units ending 02 share the same layout and view |
| Building | Palace Residences by Emaar Properties, handed over 2022 |
| Registered sales of this unit | 2 |
| Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|
| 1 May 2023 | AED 1,200,000 | 699 sq ft | 1,717 | Off-plan |
| 24 Feb 2022 | AED 1,044,888 | 699 sq ft | 1,495 | Off-plan |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 3002 | 11 May 2026 | AED 2,200,000 | 700 sq ft | 3,143 | Resale |
| 3102 | 24 Oct 2025 | AED 2,025,000 | 700 sq ft | 2,893 | Resale |
| 2902 | 6 Aug 2025 | AED 2,000,000 | 700 sq ft | 2,857 | Resale |
| 802 | 3 Jul 2025 | AED 1,815,000 | 699 sq ft | 2,597 | Resale |
| 602 | 17 Dec 2024 | AED 1,800,000 | 699 sq ft | 2,575 | Resale |
| 502 | 19 Nov 2024 | AED 1,750,000 | 699 sq ft | 2,504 | Resale |
| 302 | 18 Nov 2024 | AED 1,725,000 | 699 sq ft | 2,468 | Resale |
| 1502 | 9 Oct 2024 | AED 2,150,000 | 699 sq ft | 3,076 | Resale |
| Unit | Date | Price | Size | AED/sq ft | Type |
|---|---|---|---|---|---|
| 3112 | 14 Oct 2026 | AED 1,800,000 | 702 sq ft | 2,564 | Resale |
| 3002 | 11 May 2026 | AED 2,200,000 | 700 sq ft | 3,143 | Resale |
| 2609 | 5 May 2026 | AED 2,330,000 | 700 sq ft | 3,329 | Resale |
| 2912 | 16 Apr 2026 | AED 2,000,000 | 702 sq ft | 2,849 | Resale |
| 1712 | 27 Feb 2026 | AED 2,075,000 | 702 sq ft | 2,956 | Resale |
| 1209 | 26 Feb 2026 | AED 2,150,000 | 700 sq ft | 3,071 | Resale |
| 912 | 16 Feb 2026 | AED 2,200,000 | 702 sq ft | 3,134 | Resale |
| 3809 | 3 Feb 2026 | AED 2,350,000 | 700 sq ft | 3,357 | Resale |
We took the 7 resale sales of units ending 02 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 2,597). We multiplied it by the size of this unit (699 sq ft). The range uses the middle half of those sales (AED 2,539 to AED 2,875 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,680,544. Floor, view, condition and upgrades can move the price either way. Sales data to 14 Oct 2026, from the Dubai Land Department register.
About AED 1,815,000 (range AED 1,775,000 to AED 2,010,000), based on AED 2,597 per sq ft from registered sales up to 14 Oct 2026.
1 May 2023, for AED 1,200,000 (off-plan). It has 2 registered sales.
A 1 bed in Palace Residences rents for about AED 115,000 a year (median asking rent). That is a gross yield of 6.3% on the estimate.
Sales alert for Palace ResidencesAll sales in Palace Residences