Unit 2309, Palace Residences: what it sold for and what it is worth now

Unit 2309 at Palace Residences is a 1 bed of 700 sq ft. It last sold for AED 1,403,888 on 6 Jul 2020. 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 1,403,8886 Jul 2020 · Off-plan
Change since last sale+56.7% 
Rent (median asking, 1 bed)AED 115,000Gross yield 5.2%
Bedrooms1 bed
Size700 sq ft
Floor23 (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 unit1

Every registered sale of unit 2309

DatePriceSizeAED/sq ftType
6 Jul 2020AED 1,403,888700 sq ft2,006Off-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). 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 2309 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 2309 last sell?

6 Jul 2020, for AED 1,403,888 (off-plan). It has 1 registered sale.

What rent can unit 2309 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

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