Unit 615, Palace Residences: what it sold for and what it is worth now

Unit 615 at Palace Residences is a 1 bed of 712 sq ft. It last sold for AED 1,038,888 on 15 Oct 2020. At AED 2,963 per sq ft, from 16 sales in the building in the last 12 months (1 bed), it is worth about AED 2,110,000 today.

Value todayAED 2,110,000AED 2,050,000 to AED 2,238,000
Last saleAED 1,038,88815 Oct 2020 · Off-plan
Change since last sale+103.1% 
Rent (median asking, 1 bed)AED 115,000Gross yield 5.5%
Bedrooms1 bed
Size712 sq ft
Floor6 (from the unit number)
Position in the towerStack 15: units ending 15 share the same layout and view
BuildingPalace Residences by Emaar Properties, handed over 2022
Registered sales of this unit1

Every registered sale of unit 615

DatePriceSizeAED/sq ftType
15 Oct 2020AED 1,038,888712 sq ft1,459Off-plan

Units ending 15 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
91510 Dec 2025AED 1,900,000712 sq ft2,669Resale
4159 Aug 2024AED 1,540,000712 sq ft2,163Resale
17155 Aug 2024AED 1,750,000712 sq ft2,458Resale
71519 Apr 2024AED 1,850,000712 sq ft2,598Resale
13159 Nov 2023AED 1,600,000712 sq ft2,247Resale
101522 May 2023AED 1,500,000712 sq ft2,107Off-plan
14156 Apr 2023AED 1,300,000712 sq ft1,826Off-plan
191515 Dec 2022AED 1,070,000712 sq ft1,503Off-plan

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 16 sales in Palace Residences in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 2,963). We multiplied it by the size of this unit (712 sq ft). The range uses the middle half of those sales (AED 2,879 to AED 3,143 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 615 at Palace Residences worth?

About AED 2,110,000 (range AED 2,050,000 to AED 2,238,000), based on AED 2,963 per sq ft from registered sales up to 14 Oct 2026.

When did unit 615 last sell?

15 Oct 2020, for AED 1,038,888 (off-plan). It has 1 registered sale.

What rent can unit 615 make?

A 1 bed in Palace Residences rents for about AED 115,000 a year (median asking rent). That is a gross yield of 5.5% on the estimate.

Sales alert for Palace ResidencesAll sales in Palace Residences

Unit 614 · Unit 704