Updated 3 October 2026 · Source: Dubai Land Department records · All Dubai area guides
How much does it cost to buy or rent in The Palm Tower?
The most recent sale DLD has recorded in The Palm Tower was a 1-bedroom for AED 7,450,000 on 24 August 2026. Over the past 6 months, 12 sales had a median of AED 4,280 per sq ft, against AED 4,343 over 12 months (32 sales). Tenants paid a median of AED 134,331 a year over the past 6 months (52 Ejari contracts) and AED 155,000 over 12 months (131 contracts).
Source: DLD-recorded sales (transaction register, to 26 September 2026) and Ejari contracts for The Palm Tower, Palm Jumeirah. "6 months" and "12 months" mean the 6 and 12 months to the latest data.
The Palm Tower at a glance
| Developer | The Palm - Jumeirah |
|---|---|
| Location | Palm Jumeirah |
| Status | Ready and handed over (Ejari leases registered) |
| Sales on record since | April 2016 |
| Unit types and typical sizes | Studio about 523 sq ft, 1-bedroom about 1,076 sq ft |
| Nearest metro station | Al Fardan Exchange, about 3.3 km |
| DLD-recorded sales, past 24 months | 56 |
Developer, district and sales from Dubai Land Department records; status from registered Ejari leases; sizes are the typical registered unit size of each type.
The Palm Tower brochure and floor plans
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Recent sales in The Palm Tower
| Date | Type | Size (sq ft) | Price | AED per sq ft |
|---|---|---|---|---|
| 24 August 2026 | 1-bedroom | 1,076 | AED 7,450,000 | AED 6,923 |
| 12 August 2026 | 1-bedroom | 1,056 | AED 3,825,000 | AED 3,623 |
| 15 July 2026 | Studio | 523 | AED 2,250,000 | AED 4,301 |
| 2 July 2026 | Studio | 524 | AED 2,120,000 | AED 4,048 |
| 8 June 2026 | Studio | 523 | AED 1,950,000 | AED 3,725 |
| 1 June 2026 | Studio | 518 | AED 2,100,000 | AED 4,057 |
| 4 May 2026 | 1-bedroom | 1,109 | AED 4,500,000 | AED 4,058 |
| 9 April 2026 | Studio | 524 | AED 2,230,000 | AED 4,259 |
| 7 April 2026 | Studio | 494 | AED 2,150,000 | AED 4,351 |
| 3 April 2026 | 1-bedroom | 1,113 | AED 4,800,000 | AED 4,314 |
The latest DLD-recorded sales, newest first. Share transfers and data errors are filtered out by the DLD API.
Rents in The Palm Tower
Over the past 6 months, 52 rent contracts were registered here, with a median of AED 134,331 a year (about AED 11,194 a month) and half paying between AED 110,000 and AED 235,000. Over 12 months the median was AED 155,000 across 131 contracts. The range covers every unit size in the building, so a studio and a 3-bedroom sit in the same figures.
| Period | Lower quarter | Median | Upper quarter | Contracts |
|---|---|---|---|---|
| Last 6 months | AED 110,000 | AED 134,331 | AED 235,000 | 52 |
| Last 12 months | AED 120,000 | AED 155,000 | AED 250,000 | 131 |
Source: DLD Ejari rent contracts (new and renewed) registered in the 6 and 12 months to 7 October 2026.
Prices and rents by bedroom in The Palm Tower
Over the past 6 months, a typical studio in The Palm Tower sold for AED 2,150,000 and rented for AED 110,000 a year. Over 12 months the figures were AED 2,250,000 to buy and AED 125,000 a year to rent.
Sale prices
| Type | Last 6 months | Last 12 months | AED per sq ft (6 / 12 mo) | Size (sq ft) |
|---|---|---|---|---|
| Studio | AED 2,150,000 7 sales | AED 2,250,000 17 sales | 4,259 / 4,340 | 523 |
| 1-bedroom | AED 4,600,000 5 sales | AED 4,800,000 15 sales | 4,314 / 4,353 | 1,076 |
Rents and gross yield
| Type | Last 6 months | Last 12 months | Gross yield (6 / 12 mo) |
|---|---|---|---|
| Studio | AED 110,000 25 contracts | AED 125,000 63 contracts | 5.1% / 5.6% |
| 1-bedroom | AED 232,500 24 contracts | AED 245,000 65 contracts | 5.1% / 5.1% |
| 4-bedroom | AED 2,100,000 12 contracts | AED 2,000,000 23 contracts |
Sale prices: median of DLD-recorded sales of each type in the 6 and 12 months to 26 September 2026, from the DLD transaction register (at least 3 sales). Rents: median of Ejari contracts registered in each period (at least 5), matched to each type by the building's registered unit sizes. Gross yield is annual rent divided by the sale price for the same period, before service charges and other costs. – means too few records in that period, or a figure still being compiled.
The Palm Tower price per sq ft over time
The median price per sq ft in The Palm Tower went from AED 3,669 in Q1 2023 to AED 4,159 in Q2 2026, up 13.4%, and up 2% on the same quarter a year earlier.
Source: DLD-recorded sales in The Palm Tower (DLD transaction export, Jan 2023 to Sep 2026), quarters with at least 5 sales, off-plan and ready. Outliers (price per sq ft under a quarter or over 4 times the building median) removed.
Sale prices by bedroom in The Palm Tower, quarter by quarter
The median 1-bedroom price went from AED 3,850,000 in Q1 2023 to AED 4,855,000 in Q1 2026, up 26.1%, and down 7.5% on the same quarter a year earlier.
| Quarter | Studio | 1-bedroom |
|---|---|---|
| Q2 2026 | AED 2,125,000 | |
| Q1 2026 | AED 2,300,000 | AED 4,855,000 |
| Q4 2025 | AED 2,325,000 | AED 5,050,000 |
| Q3 2025 | AED 5,500,000 | |
| Q2 2025 | AED 2,250,000 | AED 4,125,000 |
| Q1 2025 | AED 2,145,000 | AED 5,250,000 |
| Q4 2024 | AED 2,020,000 | AED 4,050,000 |
| Q3 2024 | AED 4,700,000 |
Source: DLD-recorded sales, median per bedroom type per quarter (at least 4 sales). Gaps mean too few sales that quarter.
Rents by bedroom in The Palm Tower, quarter by quarter
The median annual rent for a studio went from AED 125,000 in Q1 2023 to AED 110,000 in Q3 2026, down 12%, and down 15.4% on the same quarter a year earlier.
| Quarter | Studio | 1-bedroom |
|---|---|---|
| Q3 2026 | AED 110,000 | AED 220,000 |
| Q2 2026 | AED 120,000 | AED 257,500 |
| Q1 2026 | AED 130,000 | AED 257,500 |
| Q4 2025 | AED 130,000 | AED 257,500 |
| Q3 2025 | AED 130,000 | AED 245,000 |
| Q2 2025 | AED 125,000 | AED 265,000 |
| Q1 2025 | AED 130,000 | AED 270,000 |
| Q4 2024 | AED 120,000 | AED 265,000 |
Source: DLD Ejari contracts (new and renewed) starting in each quarter, at least 5 per type.
Location: what's near The Palm Tower
- Metro: Al Fardan Exchange (3.3 km)
- Schools: Dubai College (3.0 km), Choueifat School (3.3 km), Dubai American Academy (4.3 km)
- Hospitals: Welcare Hospital (2.5 km), Emirates Hospital (3.2 km)
- Malls: Palm Jumeirah Mall (100 m), Atlantis Mall (3.0 km)
- Beach: Aquaventure Beach (2.8 km)
- Park: Al Sufouh Park (3.2 km)
- Airports: Dubai International Airport (27.8 km), Al Maktoum International Airport (23.0 km)
Straight-line distances from the building's mapped location; driving distances are longer. Map data © OpenStreetMap contributors.
How The Palm Tower compares with Palm Jumeirah
Recent sales here ran 40.5% above the Palm Jumeirah median of AED 2,960 per sq ft in September 2026. The district's gross rental yield was 3.1% in the same report. The Palm Tower is by The Palm - Jumeirah, and DLD recorded 56 sales in the project over the past 24 months.
Market reports
For the wider picture, read our monthly reports built from the same DLD records.
- Dubai market report, August 2026: Prices firm as volume slips in August. A pause, or a turn?
Before you buy in The Palm Tower
- Ask for the service charge per sq ft and the last two years of statements.
- Check whether the unit is ready or off-plan. For off-plan, get the handover date and payment plan in writing.
- Compare the asking price with recorded sales in the same building, not just the area median.
- Get mortgage pre-approval before you make an offer, so you know your real budget.
Questions buyers and owners ask
How much is an apartment in The Palm Tower?
Studios sold at a median of AED 2,150,000 over the past 6 months (AED 2,250,000 over 12 months); 1-bedrooms sold at a median of AED 4,600,000 over the past 6 months (AED 4,800,000 over 12 months), based on DLD-recorded sales.
What is the rent in The Palm Tower?
The median annual rent was AED 134,331 across 52 Ejari contracts in the past 6 months, and AED 155,000 across 131 contracts over 12 months. Half of those leases fell between AED 110,000 and AED 235,000.
What rental yield does The Palm Tower make?
Studios about 5.1% gross over the past 6 months (AED 110,000 a year on a AED 2,150,000 purchase); 1-bedrooms about 5.1% gross over the past 6 months (AED 232,500 a year on a AED 4,600,000 purchase). Gross yield is before service charges, maintenance and vacancy.
Are prices in The Palm Tower going up or down?
Sales over the past 6 months had a median of AED 4,280 per sq ft, against AED 4,343 across the past 12 months, about the same.
What is the nearest metro station to The Palm Tower?
Al Fardan Exchange station, about 3.3 km away in a straight line.
How far is The Palm Tower from Dubai International Airport?
About 27.8 km in a straight line. Driving distance depends on the route.
Who developed The Palm Tower?
The Palm - Jumeirah, according to the DLD project register.
Which area is The Palm Tower in?
DLD records it in Palm Jumeirah.
Keep exploring
- Palm Jumeirah: prices, rents and yields
- Rental yield in Palm Jumeirah
- Apartments for sale in Palm Jumeirah
- Apartments for rent in Palm Jumeirah
- Studio apartments in Palm Jumeirah
- 1-bedroom apartments in Palm Jumeirah
- 2-bedroom apartments in Palm Jumeirah
- 3-bedroom apartments in Palm Jumeirah
- Passo By Beyond
- Seven Hotel and Apartments The Palm
- Marina Residence
- Golden Mile
- Royal Amwaj
- Serenia Living
- Fairmont Palm Residence
- Nearby: Dubai Marina
- Palm Jumeirah vs Dubai Marina
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