The Palm Tower
- Completed 2021
- 57 floors
- 20 lifts
- 711 parking bays
- 3 pools
- Master developer The Palm Jumeirah
A studio in The Palm Tower costs a median AED 2.25M, rents long-let for AED 120,000/yr (5.3% gross), and returns 7.0% short-term at the assumed 70% occupancy.
Studio · typical price
2.25MAED
AED 4,321/sqft · +2.9% on a year
- Rent a year
- AED 120,000
- Yield after service charge
- 4.2%
- vs Palm Jumeirah
- 57% above the median
Cost to buy, all inAED 2.39M
- Price
- AED 2.25M
- DLD fee 4%
- AED 90,000
- Agent 2% + VAT
- AED 47,250
- Trustee
- AED 4,200
Fees repaid by net rent18 months
Is The Palm Tower a good investment?The rent pays below the Dubai median and rents are slipping
- Does it pay a good rent?5.3% gross, 4.2% after the service charge (Dubai median 6.8%)5.3%Watch
- Is it easy to let?47% of units signed a yearly lease in 12 months; the typical Palm Jumeirah building manages 9%47%Fair
Palm Jumeirah median 9% · top tenth from 47%The Palm Tower · 47% Across 18 Palm Jumeirah buildings with 40 or more units, the median signed annual leases on 9% of units in 12 months and the top tenth on 47% or more; The Palm Tower is at 47%.
- Are rents going up?New studio leases: AED 125,000 a year ago, AED 120,000 now-4.0%Watch
- Are prices going up?Studio: AED 4,197/sqft a year ago, 4,321 now+2.9%Fair
- How fast do fees pay back?AED 141,450 in fees to buy a studio; net rent covers it in 1.5 years1.5 yrsFair
- Can I sell easily?32 sales in 12 months, 7% of the tower (50 the year before)32Fair
- Is a lot being built nearby?1,706 apartments are planned in Palm Jumeirah from 2026 to 2028, equal to 44% of the 3,913 homes let there today. A further 125 are past their planned date. Palm Jumeirah supply by year →44%Fair
- Did earlier buyers gain?Up 46% for buyers 5 years ago; up 32% for launch buyers, before fees+45.7%Context
Readings use published thresholds · studio figures, the most traded type · Data to 12 Oct 2026
The Palm Tower prices and rents by unit typeA studio costs about AED 2.25M and rents for about AED 120,000 a year
Appreciation, rental income and short-term detail, by unit typeAppreciation, rental income and short-term detail, by unit type
Appreciation
Studio · price per sqft · Palm Jumeirah · area median AED 2,756/sqft
- 12-month change
- +2.9%
- 3 years
- +11.2% · +3.6%/yr
- 5 years
- +34.8% · +6.1%/yr
- vs area median
- +56.8%
- Off-plan price gain, 2016–2022
- +34.2% · +4.3%/yr
Rental income
Studio · Palm Jumeirah
- Gross yield
- 5.3%
- Median new rent
- AED 120,000/yr
- Yield vs area median
- -0.8 pts
- Yield vs Dubai (6.8%)
- -1.4 pts
- Yield rank, all unit types
- 4th of 10
- Renewal rent
- AED 120,000/yr
Short-term income
Studio · 70% occupancy · 7-night stays · within 500 m
- Median nightly rate
- AED 772
- Net revenue
- AED 157,938/yr
- vs long-let rent
- 1.3×
- Listings seen
- 4+
Price history and sales
As filed with the Land Department — data to 2026-10-12.
Sale price, AED (right axis) Rent on new leases, AED a year (left axis)
Chart data, Studio: Mar 2016, AED 1,737,750; latest, Jul 2026, AED 2,105,000; peak, Nov 2025, AED 2,325,000. Rent on new leases: Jan 2022, AED 140,000 a year; latest, Oct 2026, AED 110,000.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 4,343 · before fees
- Launch, 2015–22
- 3,280
- +32%
- 17 sales
- 5 years ago
- 2,981
- +46%
- 78 sales
- 3 years ago
- 3,819
- +14%
- 80 sales
- Previous 12 months
- 4,187
- +4%
- 50 sales
- Last 12 months
- 4,343
- today
- 32 sales
The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.
32 resales in the last 12 months, against 55 a year on average over 2023–2025.
32 resales in the last 12 months.
Short-term rates around The Palm Tower
Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.
Rows marked 500 m cluster widen to the surrounding listings because the building itself had too few of that type.
Nightly rate through the yearNightly rate through the year
Comparables in Palm Jumeirah
Every Palm Jumeirah building with a page, ranked by price per sqft over the same 12 months, all unit types. The Palm Tower places 18th of 93; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against The Palm Tower (AED 4,343/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.
At studio, The Palm Tower has registered sale prices 57% above the Palm Jumeirah median price per square foot of 2,756 AED, across 8 eligible buildings.
Market context in Palm Jumeirah
Registered sales activity
748 ready apartment sales in the 12 months to 2026-10-12.
+3.4% in median AED/sqft versus the preceding year, supported by 748 current and 1,092 prior price observations.
Explore sales activityPlanned apartment projects
1,382 known registered units across 7 pending projects planned within one year of the 2026-07-06 register.
3 projects had already passed their planned date; 2 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
1,706 apartments are planned in Palm Jumeirah from 2026 to 2028, equal to 44% of the 3,913 homes let there today.
Ready prices per sqft fell in 26% of 34 buildings (counted once per bedroom type) in Palm Jumeirah with sales in both years; the typical one moved +3.4%.
New-lease rents fell in 81% of 16 buildings (counted once per bedroom type) with leases in both years; the typical one moved −6.8%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
About The Palm Tower
The Palm Tower is an apartment building completed in 2021 by The Palm Jumeirah in Palm Jumeirah. 558 sales are registered with the Dubai Land Department.
The building, as registered
- Service charge
- AED 50.26/sqft a year · 2026 budget
- Floors
- 57
- Lifts
- 20
- Parking bays
- 711
- Pools
- 3
- Master developer
- The Palm Jumeirah
Drive times · typical
- Downtown
- 20 min · 21 km
- DXB Airport
- 25 min · 34 km
- DIFC
- 16 min · 23 km
- Dubai Marina
- 10 min · 6.9 km
- Palm Jumeirah
- 12 min · 5.7 km
Nearest, as registered
- Metro
- Palm Jumeirah
- Mall
- Marina Mall
- Landmark
- Burj Al Arab
The Palm Tower: AED 4,343 per sq ft, 54% above the median Palm Jumeirah building, and a 5.4% gross yield, above the area's median building
The building's own figures against its area's registered market, last twelve months.
Price per sq ft
Median registered sale price, AED per sq ft, last 12 months
- The Palm TowerAED 4,343
- Palm Jumeirah, readyAED 2,663
- Palm Jumeirah, off-planAED 5,539
- Dubai, readyAED 1,421
Gross yield against the area's buildings
Axis: gross yield, % of price
The Palm TowerPalm Jumeirah median building
- Palm Jumeirah5.4% vs 5.1%
More from The Palm Jumeirah
Marina Apartments 4
Palm Jumeirah · 19 sales, 12 months
4.50M
AED, resale median · 2,261/sqft
Palm Beach Towers-2
Palm Jumeirah · 18 sales, 12 months
7.76M
AED, resale median · 3,290/sqft
Marina Apartments 3
Palm Jumeirah · 14 sales, 12 months
3.85M
AED, resale median · 1,985/sqft
Marina Apartments 5
Palm Jumeirah · 13 sales, 12 months
4.90M
AED, resale median · 2,279/sqft
Nearby in Palm Jumeirah
Prices per sq ft around The Palm Tower, on the mapPrices per sq ft around The Palm Tower, on the map
Seven Hotel & Apartments the Palm - A
Palm Jumeirah · 51 sales, 12 months
1.70M
AED, resale median · 3,456/sqft
Royal Amwaj Residences North
Palm Jumeirah · 26 sales, 12 months
2.58M
AED, resale median · 2,375/sqft
Serenia Living - Tower 1
Palm Jumeirah · 25 sales, 12 months
8.50M
AED, resale median · 4,541/sqft
The 8
Palm Jumeirah · 23 sales, 12 months
5.10M
AED, resale median · 3,955/sqft
Before you decide
The facts that can change the return, each with the date it rests on.
- Sales and rents toOn record
- Sales evidence · StudioOn record
- Rental evidence · StudioOn record
- Service chargeAED 50.26/sqft a year, 2026 owners-association budget; 4.2% yield after it. Confirm against the latest invoice.On record
- Project registerOn record
- DeveloperOn record
- Short-term assumptionRead with care
- Building recordOn record
- Costs not includedNot in the yield
Rent or buy
What owning a studio here costs against renting it, at stated assumptions you can change.
Monthly cost of owning against renting, with your own deposit and rateMonthly cost of owning against renting, with your own deposit and rate
Prefilled from The Palm Tower’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.
More assumptionsFewer assumptions
The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.
- Monthly mortgage
- 10,005AED
- 4.5% over 25 years
- Monthly rent
- 10,000AED
- AED 120,000 a year
- Cash needed at purchase
- 616,950AED
- 20% down plus AED 166,950 in fees
Owning costs AED 394,605 less than renting over 5 years, once the sale is counted.
Buying overtakes renting in year 2.
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Common questions
- What is the rental yield in The Palm Tower?
- The Palm Tower returns 5.3% gross: a median new-contract rent of AED 120,000 a year (35 Ejari contracts in 12 months) over a price benchmark of AED 2.25M (median of 16 sales in the last 12 months, latest Jul 2026), before service charge, agency fees or vacant months.
- How much does a studio in The Palm Tower cost?
- The median registered sale price is AED 2.25M (4,321 AED/sqft), from 16 Dubai Land Department sales in the last 12 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 12 months have a median of 4,321 AED/sqft, across 16 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.
- Have prices in The Palm Tower risen or fallen?
- Median price per square foot moved +2.9% over the last 12 months against the 12 before it, on 16 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.
- How does The Palm Tower compare with Palm Jumeirah?
- Its 5.3% gross yield sits -0.8 pts against the Palm Jumeirah median of 6.2%, computed the same way at the same bedroom grain. Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike.
For agents
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The Palm Tower sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 16 registered sales in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
- Canonical record
- /sale/apartments/dubai/palm-jumeirah/the-palm-tower
Cite as: Dubai Wealth Index. “The Palm Tower sale prices and yield.” Palm Jumeirah, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/palm-jumeirah/the-palm-tower
Stable dataJSON