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The Palm Tower

A studio in The Palm Tower costs a median AED 2.20M, rents long-let for AED 125,000/yr (5.95% gross), and returns 8.26% short-let at the assumed 80% occupancy — -0.5 pts vs Palm Jumeirah's 6.47% and -1.0 pts vs Dubai's 6.98% — from 42 sales and 92 rental contracts registered in the last 24 months through 26 Aug 2026.

Registered data
Sales · Studio
19 in 12 months
Rental contracts · Studio
42 in 12 months
Buy
2.20MAED
AED 4,048/sqft
Long-let
125,000AED
AED 239/sqft · 5.95%
Short-let
8.26%
AED 772/night · 1.49/sqft

Price per sqft: Median of 5 registered sales of ready units in the last 3 months, most recent July 2026.

Priced off 5 sales in the last 3 months.

Yield spread
-0.5 pts
vs the Palm Jumeirah median for this unit type
Turnover upside
+4.2%
new tenants pay more than sitting ones — 56 renewals
AED/yr/sqft
AED 239
Sales
42
Rental contracts
92
Renewal rent
AED 120,000/yr
12 months
+4.0%
3 years
+8.3%+2.7%/yr

Based on 42 sales and 92 rental contracts in the last 24 months.

The Palm Tower is an apartment building in Palm Jumeirah, Dubai. The closest metro station is Palm Jumeirah, the nearest mall Marina Mall and the nearest landmark Burj Al Arab. Land Department records for it run from 2015 to 2026, 1,482 registered sales in all — the 42 in the last 24 months are what every median above is computed from.

Rents by bedroom type

TypeMedian rentAED/yr/sqftYieldContracts
StudioAED 125,0002395.95%
-0.5 pts
92
1 bedAED 250,0002375.43%
+0.4 pts
103
2 bedAED 700,0003013

Deltas compare each yield with the Palm Jumeirah median for the same unit type. How these yields are computed

How these yields are computed
Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

    Short-let rates around The Palm Tower

    Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

    How short-let rates are measured
    Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.
    TypeNightly (AED)AED/night/sqftNet revenue at 80%Long-let rentUpliftShort-let yieldListings seen
    Studio500m7721.49AED 181,774AED 125,0001.5×8.26%4+
    1 bed9550.90AED 217,807AED 250,0000.9×4.79%11+

    Nightly rate per sqft through the year

    Median nightly rate per sqft by month of stay. Smaller, fainter points rest on fewer listings. Per-sqft puts different bedroom types on the same axis.

    1 bed: first Oct 2026, 0.88 AED/night/sqft; latest Sep 2027, 0.66 AED/night/sqft; peak Dec 2026, 1.15 AED/night/sqft.

    Net revenue assumes 80% occupancy — an assumption, not a measurement.

    What the net revenue deducts
    Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing. Rows marked 500m widen to the surrounding cluster, because The Palm Tower itself had too few listings of that type to measure.

    Recent transactions

    As filed with the Land Department — data to 2026-08-26.

    37 resales in the last 12 months, against 55 a year on average over 2023–2025.

    Sales

    DateTypeSqftPriceAED/sqft
    24 Aug 20261 bed1,076AED 7,450,0006,923
    12 Aug 20261 bed1,056AED 3,825,0003,623
    30 Jul 2026Studio26AED 71,9822,752
    15 Jul 2026Studio523AED 2,250,0004,301
    2 Jul 2026Studio524AED 2,120,0004,048
    8 Jun 2026Studio523AED 1,950,0003,725
    1 Jun 2026Studio518AED 2,100,0004,057

    7 resales in the last 3 months.

    Rental contracts

    StartTypeSqftAnnual rentAED/sqftContract
    25 Sept 20261 bed1,054AED 215,000204Renewal
    31 Aug 20261 bed1,109AED 220,000198New
    25 Aug 2026Studio500AED 100,000200New
    10 Aug 2026Studio520AED 100,000192New
    10 Aug 2026Studio523AED 105,000201New
    5 Aug 20261 bed1,108AED 320,000289New
    1 Aug 2026Studio524AED 110,000210Renewal
    1 Aug 2026Studio518AED 110,000213Renewal
    1 Aug 2026Studio523AED 110,000210Renewal
    30 Jul 2026Studio518AED 105,000203Renewal
    15 Jul 20261 bed1,057AED 180,000170New
    10 Jul 20261 bed1,113AED 220,000198New
    10 Jul 20261 bed1,115AED 230,000206New
    1 Jul 20261 bed1,055AED 200,000190New
    1 Jul 20261 bed1,058AED 235,000222New
    29 Jun 2026Studio524AED 120,000229New
    24 Jun 2026Studio524AED 125,337239Renewal
    15 Jun 2026Studio524AED 100,000191New
    15 Jun 20261 bed1,143AED 180,000157New
    10 Jun 20261 bed1,115AED 330,000296Renewal
    7 Jun 2026Studio524AED 100,000191New
    6 Jun 2026Studio523AED 109,000208Renewal
    3 Jun 20261 bed1,077AED 275,000255Renewal
    1 Jun 20262 bed2,324AED 700,000301New
    1 Jun 2026Studio518AED 143,000276Renewal
    31 May 2026Studio517AED 120,000232Renewal
    31 May 2026Studio523AED 120,000229New

    27 contracts starting on or after 26 May 2026.

    Start dates after 26 Aug 2026 are contracts already filed for a later move-in. They count towards the rent medians above for the same reason they appear here.

    As registered

    The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.

    Floors
    57
    Lifts
    20
    Parking bays
    711
    Swimming pools
    3

    Nearby

    Metro
    Palm Jumeirah
    Mall
    Marina Mall
    Landmark
    Burj Al Arab

    Compare with nearby buildings

    The most-traded buildings in Palm Jumeirah, on the same figures over the same window.

    Common questions

    What is the rental yield in The Palm Tower?
    The Palm Tower returns 5.95% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 92 rental contracts registered in the last 24 months.
    How much does a studio in The Palm Tower cost?
    The median registered sale price is AED 2.20M (4,237 AED/sqft), from 42 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
    What are apartments in The Palm Tower selling for right now?
    Registered sales of ready units in The Palm Tower over the last 3 months have a median of 4,048 AED/sqft, across 5 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
    Have prices in The Palm Tower risen or fallen?
    Median price per square foot moved +2.5% over the last 12 months against the 12 before it, on 42 registered sales. On a sample this size, read the direction rather than the exact figure.
    How does The Palm Tower compare with Palm Jumeirah?
    Its 5.95% gross yield sits -0.5 pts against the Palm Jumeirah median of 6.47%, computed at the same bedroom grain over the same 24-month window.

    Source: Dubai Land Department open data — sale transactions and Ejari rental contracts. Data as of 2026-08-26. Short-let rates are collected separately from public Airbnb search results.

    Gross yield divides median annual rent from new contracts by the median resale price for the same bedroom type over the last 24 months. Off-plan sales are included in price and trend figures but excluded from the yield denominator.

    The Palm Tower rental record

    Record type
    Building-level property market record
    Data date
    Evidence base
    92 registered rental contracts in the trailing 24 months for the default unit type
    Sources
    Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-let rates
    Canonical record
    /rent/apartments/dubai/palm-jumeirah/the-palm-tower
    Method
    Definitions and calculations

    Cite as: Dubai Wealth Index. “The Palm Tower rents and yield.” Palm Jumeirah, Dubai. Data to 2026-08-26. https://dubaiwealthindex.com/rent/apartments/dubai/palm-jumeirah/the-palm-tower.

    Stable dataJSON

    Where this data stops

    Service charges are not in DLD's open data, so the yield above is gross. Net return needs this building's charge per sqft.