Unit 4012, Palace Residences: what it sold for and what it is worth now

Unit 4012 at Palace Residences is a 2 bed of 1,099 sq ft. It last sold for AED 1,900,000 on 18 Oct 2022. At AED 2,934 per sq ft, from 10 sales of units ending 12 (same position in the tower), it is worth about AED 3,225,000 today.

Value todayAED 3,225,000AED 3,131,000 to AED 3,260,000
Last saleAED 1,900,00018 Oct 2022 · Off-plan
Change since last sale+69.7% 
Rent (median asking, 2 bed)AED 165,000Gross yield 5.1%
Bedrooms2 bed
Size1,099 sq ft
Floor40 (from the unit number)
Position in the towerStack 12: units ending 12 share the same layout and view
BuildingPalace Residences by Emaar Properties, handed over 2022
Registered sales of this unit2

Every registered sale of unit 4012

DatePriceSizeAED/sq ftType
18 Oct 2022AED 1,900,0001,099 sq ft1,729Off-plan
9 Feb 2020AED 1,496,8881,099 sq ft1,362Off-plan

Units ending 12 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
311214 Oct 2026AED 1,800,000702 sq ft2,564Resale
291216 Apr 2026AED 2,000,000702 sq ft2,849Resale
171227 Feb 2026AED 2,075,000702 sq ft2,956Resale
91216 Feb 2026AED 2,200,000702 sq ft3,134Resale
261229 Jan 2026AED 2,085,000702 sq ft2,970Resale
231220 Jan 2026AED 2,000,000702 sq ft2,849Resale
19129 Oct 2025AED 2,150,000702 sq ft3,063Resale
18124 Aug 2025AED 2,070,000702 sq ft2,949Resale

Latest 2 bed sales in Palace Residences

UnitDatePriceSizeAED/sq ftType
9071 Oct 2026AED 3,850,0001,187 sq ft3,243Resale
20622 Sep 2026AED 3,100,0001,104 sq ft2,808Resale
26087 Aug 2026AED 3,350,0001,187 sq ft2,822Resale
30055 Jun 2026AED 3,000,0001,095 sq ft2,740Resale
351414 May 2026AED 3,000,0001,101 sq ft2,725Resale
370626 Mar 2026AED 3,650,0001,104 sq ft3,306Resale
340616 Feb 2026AED 3,450,0001,104 sq ft3,125Resale
230311 Feb 2026AED 3,000,0001,098 sq ft2,732Resale

How we worked out the value

We took the 10 resale sales of units ending 12 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 2,934). We multiplied it by the size of this unit (1,099 sq ft). The range uses the middle half of those sales (AED 2,849 to AED 2,967 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 4012 at Palace Residences worth?

About AED 3,225,000 (range AED 3,131,000 to AED 3,260,000), based on AED 2,934 per sq ft from registered sales up to 14 Oct 2026.

When did unit 4012 last sell?

18 Oct 2022, for AED 1,900,000 (off-plan). It has 2 registered sales.

What rent can unit 4012 make?

A 2 bed in Palace Residences rents for about AED 165,000 a year (median asking rent). That is a gross yield of 5.1% on the estimate.

Sales alert for Palace ResidencesAll sales in Palace Residences

Unit 4011 · Unit 4101