Unit 1709, Palace Residences: what it sold for and what it is worth now

Unit 1709 at Palace Residences is a 1 bed of 700 sq ft. It last sold for AED 2,060,000 on 1 Apr 2024. At AED 3,143 per sq ft, from 11 sales of units ending 09 (same position in the tower), it is worth about AED 2,200,000 today.

Value todayAED 2,200,000AED 2,034,000 to AED 2,315,000
Last saleAED 2,060,0001 Apr 2024 · Resale
Change since last sale+6.8%Building trend alone: AED 2,376,775
Rent (median asking, 1 bed)AED 115,000Gross yield 5.2%
Bedrooms1 bed
Size700 sq ft
Floor17 (from the unit number)
Position in the towerStack 09: units ending 09 share the same layout and view
BuildingPalace Residences by Emaar Properties, handed over 2022
Registered sales of this unit3

Every registered sale of unit 1709

DatePriceSizeAED/sq ftType
1 Apr 2024AED 2,060,000700 sq ft2,943Resale
7 Feb 2023AED 1,621,888700 sq ft2,317Off-plan
7 Oct 2021AED 1,372,888700 sq ft1,961Off-plan

Units ending 09 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
26095 May 2026AED 2,330,000700 sq ft3,329Resale
120926 Feb 2026AED 2,150,000700 sq ft3,071Resale
38093 Feb 2026AED 2,350,000700 sq ft3,357Resale
380923 Jan 2026AED 2,350,000700 sq ft3,357Resale
140916 Jan 2026AED 2,200,000700 sq ft3,143Resale
410919 Aug 2025AED 5,000,0001,779 sq ft2,811Resale
130922 Apr 2025AED 2,300,000700 sq ft3,286Resale
1093 Mar 2025AED 1,600,000770 sq ft2,078Resale

Latest 1 bed sales in Palace Residences

UnitDatePriceSizeAED/sq ftType
311214 Oct 2026AED 1,800,000702 sq ft2,564Resale
300211 May 2026AED 2,200,000700 sq ft3,143Resale
26095 May 2026AED 2,330,000700 sq ft3,329Resale
291216 Apr 2026AED 2,000,000702 sq ft2,849Resale
171227 Feb 2026AED 2,075,000702 sq ft2,956Resale
120926 Feb 2026AED 2,150,000700 sq ft3,071Resale
91216 Feb 2026AED 2,200,000702 sq ft3,134Resale
38093 Feb 2026AED 2,350,000700 sq ft3,357Resale

How we worked out the value

We took the 11 resale sales of units ending 09 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 3,143). We multiplied it by the size of this unit (700 sq ft). The range uses the middle half of those sales (AED 2,905 to AED 3,307 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 2,376,775. 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 1709 at Palace Residences worth?

About AED 2,200,000 (range AED 2,034,000 to AED 2,315,000), based on AED 3,143 per sq ft from registered sales up to 14 Oct 2026.

When did unit 1709 last sell?

1 Apr 2024, for AED 2,060,000 (resale). It has 3 registered sales.

What rent can unit 1709 make?

A 1 bed in Palace Residences rents for about AED 115,000 a year (median asking rent). That is a gross yield of 5.2% on the estimate.

Sales alert for Palace ResidencesAll sales in Palace Residences

Unit 1708 · Unit 1710