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SEVEN HOTEL & APARTMENTS THE PALM - B

Studio Studio Nakheel

ABOVE MARKET

Total Price

1,150,000

Rate

3,249 AED/sqft

Size

354 sqft

Comparable sales

View area trends

Rental context

Comparable studio studios in Palm Jumeirah rent for a median of 115,250/yr across 18 Ejari contracts in the last two years.

Median annual rent
115,250
Sale price (this txn)
1,150,000
Implied gross yield
10.0%

Yield = median annual rent ÷ this transaction's sale price. Rent and sale data are independent — rent is from the Ejari rental-contracts feed, price is from this DLD transaction. Implied yield is gross (no service charges, agency fees, or vacancy).

Verdict logic

This transaction cleared at 3,249 AED/sqft, above market compared with the median of comparable studio sales in Palm Jumeirah.

  • Comparable median: 3,023 AED/sqft across 6arm's-length sales weighted by location, size, beds and recency.
  • Delta vs comparable median: +7.5%.
  • Gifts and mortgages excluded.
highSale

Location context

Palm Jumeirah · Nakheel

Centroid shown — DLD parcel coordinates ship with the live data feed.

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Verify & cross-reference

Open SEVEN HOTEL & APARTMENTS THE PALM - B on DXB Interact

DXB Interact's building page lists every registered sale — filter by date or price to find this one. The “DLD ref” below is the transaction id from DLD's open dataset for your own records.

Building
SEVEN HOTEL & APARTMENTS THE PALM - B, Palm Jumeirah
Sale date
10 Dec 2024
Procedure
Sell · Ready · arm's-length
DLD ref
DLD-1-11-2024-47732
DLD AED/sqm
34,923(our derived AED/sqft: 3,249)
Publishedby DLD on 20 May 2026
▸ Raw DLD record
transaction_id
dld-1-11-2024-47732
instance_date
2024-12-10
area_name_en
Palm Jumeirah
master_project_en
Palm Jumeirah
project_name_en
Seven Hotel and Apartments The Palm
building_name_en
SEVEN HOTEL & APARTMENTS THE PALM - B
property_type_en
Studio
rooms
0 BR
size_sqft
354
actual_worth
AED 1,150,000
meter_sale_price
34,923 AED/sqm
procedure_name_en
Sell
reg_type_en
Existing Properties
property_usage_en
Hospitality
has_parking
yes
parties (seller / buyer)
1 / 1
nearest_landmark_en
Burj Al Arab
nearest_metro_en
Palm Jumeirah
nearest_mall_en
Marina Mall
load_timestamp
2026-05-20T13:18:43.000Z

This record is pulled directly from the Dubai Land Department's open data portal. The “DLD ref” field above is the registered DLD transaction id — use the DXB Interact lookup to cross-check; the building, area, date and price will match the public record. Heart Homes is not affiliated with the Department.DLD open-data home ↗