Unit 504, Palace Residences: what it sold for and what it is worth now

Unit 504 at Palace Residences is a 3 bed of 1,800 sq ft. It last sold for AED 4,430,000 on 24 Mar 2025. At AED 2,585 per sq ft, from 11 sales of units ending 04 (same position in the tower), it is worth about AED 4,653,000 today.

Value todayAED 4,653,000AED 4,416,000 to AED 4,950,000
Last saleAED 4,430,00024 Mar 2025 · Resale
Change since last sale+5.0%Building trend alone: AED 4,624,043
Rent (median asking, 3 bed)AED 280,000Gross yield 6.0%
Bedrooms3 bed
Size1,800 sq ft
Floor5 (from the unit number)
Position in the towerStack 04: units ending 04 share the same layout and view
BuildingPalace Residences by Emaar Properties, handed over 2022
Registered sales of this unit5

Every registered sale of unit 504

DatePriceSizeAED/sq ftType
24 Mar 2025AED 4,430,0001,800 sq ft2,461Resale
26 Feb 2024AED 3,950,0001,800 sq ft2,194Resale
9 Jan 2024AED 3,300,0001,800 sq ft1,833Resale
13 Nov 2023AED 3,300,0001,800 sq ft1,833Resale
7 Mar 2022AED 3,218,8881,800 sq ft1,788Off-plan

Units ending 04 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
270420 Jul 2026AED 4,700,0001,799 sq ft2,613Resale
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
100415 Apr 2025AED 6,500,0001,800 sq ft3,611Resale
29045 Mar 2025AED 4,600,0001,799 sq ft2,557Resale
140419 Dec 2024AED 4,300,0001,800 sq ft2,389Resale
370410 Dec 2024AED 4,650,0001,799 sq ft2,585Resale

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 11 resale sales of units ending 04 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 2,585). We multiplied it by the size of this unit (1,800 sq ft). The range uses the middle half of those sales (AED 2,453 to AED 2,750 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 4,624,043. 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 504 at Palace Residences worth?

About AED 4,653,000 (range AED 4,416,000 to AED 4,950,000), based on AED 2,585 per sq ft from registered sales up to 14 Oct 2026.

When did unit 504 last sell?

24 Mar 2025, for AED 4,430,000 (resale). It has 5 registered sales.

What rent can unit 504 make?

A 3 bed in Palace Residences rents for about AED 280,000 a year (median asking rent). That is a gross yield of 6.0% on the estimate.

Sales alert for Palace ResidencesAll sales in Palace Residences

Unit 502 · Unit 505