The Palm Tower

A complete view of unit availability, highlighting which units are sold and which are still on the market. Explore detailed unit specifications, pricing ranges, and market benchmarks to make informed buying or investment decisions.

View all projects by Nakheel
499
Total Units
432
Sold
AED 3,047,600
Median Price
AED 3,520
Median Price /sqft
Construction progress: 100%
Start: Nov, 2014Completion: Mar, 2022

The Palm Tower Price Ranges by Unit Size, Compared to Area Prices

BedUnitsSize RangePriceArea Price
Compares the Current Market median price per sqft in the project to the current median price per sqft in the area.

Position vs. Area

Studio194490 sqft - 600 sqftAED 2.3M (4,320 /sqft)AED 2,820 /sqft
53.21
1 Bed2251,030 sqft - 1,140 sqftAED 4.7M (4,470 /sqft)AED 3,080 /sqft
45.19
2 Beds112,110 sqft - 5,090 sqftAED 3,510 /sqft
0
3 Beds22,970 sqft - 3,150 sqftAED 3,980 /sqft
0

Current market shows transactions from the past 365 days across both primary and resale sales, while Primary market includes only developer (first sale) transactions.

Property price over months

Median Property Prices Over Time

Available properties

Available properties are units not yet registered with the Dubai Land Department. Availability can change quickly and some units may already be reserved. Click “Check Availability” and we will confirm the latest availability with you.

BedsCategoryFloorSize Balcony
Commercial, 04-ST01224 sqftCheck Availability
Commercial, 05-ST01224 sqftCheck Availability
Commercial, 06-ST01222 sqftCheck Availability
Commercial, 07-ST01222 sqftCheck Availability
Commercial, 08-ST01222 sqftCheck Availability
Commercial, 09-ST01222 sqftCheck Availability
Commercial, 10-ST01222 sqftCheck Availability
Commercial, 11-ST01222 sqftCheck Availability
Commercial, 12-ST01222 sqftCheck Availability
Commercial, 14-ST01224 sqftCheck Availability
Commercial, 15-ST01224 sqftCheck Availability
Commercial, 16-ST01224 sqftCheck Availability
Commercial, 17-ST01224 sqftCheck Availability
Commercial, 18-ST01224 sqftCheck Availability
Commercial, 19-ST01392 sqftCheck Availability

Sold properties

BedsCategorySize BalconyFloorPricePrice /sqftDate
1Apartment1,058 sqft0 sqft 19AED 3,700,000AED 3,497 /sqft 15, Nov 2022
1Apartment1,108 sqft0 sqft 19AED 3,700,000AED 3,339 /sqft 07, Jul 2022
1Apartment1,109 sqft0 sqft 19AED 3,300,000AED 2,976 /sqft 15, Jun 2022
1Apartment1,063 sqft0 sqft 19AED 3,248,200AED 3,056 /sqft 11, Oct 2015
1Apartment1,108 sqft0 sqft 19AED 3,227,700AED 2,913 /sqft 20, Sep 2015
1Apartment1,055 sqft0 sqft 19AED 2,865,580AED 2,716 /sqft 02, Jul 2019
StudioApartment524 sqft0 sqft 19AED 2,310,000AED 4,408 /sqft 23, Mar 2026
StudioApartment524 sqft0 sqft 19AED 2,150,000AED 4,103 /sqft 10, Dec 2025
StudioApartment485 sqft0 sqft 19AED 2,050,000AED 4,227 /sqft 22, Sep 2025
StudioApartment524 sqft0 sqft 19AED 2,020,000AED 3,855 /sqft 17, Oct 2024
StudioApartment524 sqft0 sqft 19AED 2,000,000AED 3,817 /sqft 10, Jun 2024
StudioApartment523 sqft0 sqft 19AED 1,675,000AED 3,203 /sqft 20, Jul 2022
StudioApartment518 sqft0 sqft 19AED 1,675,000AED 3,234 /sqft 20, Jul 2022
StudioApartment524 sqft0 sqft 19AED 1,600,000AED 3,053 /sqft 31, May 2022
StudioApartment524 sqft0 sqft 19AED 1,560,000AED 2,977 /sqft 24, May 2022

The Palm Tower Real Estate Data – FAQ

  • What is the current property supply in The Palm Tower?

    The Palm Tower has a total residential supply of approximately 177 units. This represents completed and available inventory within the area.

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  • How active is the real estate market in The Palm Tower?

    The Palm Tower recorded 34 property transactions over the last 12 months, indicating strong market liquidity and high investor activity compared to supply.

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  • What is the average price /sqft in The Palm Tower?

    The median transaction price in The Palm Tower is AED 4,340 /sqft , based on actual recorded sales transactions, not listing prices.

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  • What rental yield can investors expect in The Palm Tower?

    The gross rental yield in The Palm Tower is approximately 7%, calculated using median rental income divided by median sale prices for comparable properties.

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  • How much have property prices increased in The Palm Tower?

    Property prices in The Palm Tower have shown a capital appreciation of 0% year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

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  • How many off-plan projects are currently in The Palm Tower?

    There are currently 0 active off-plan projects in The Palm Tower, reflecting strong developer activity and future supply pipeline.

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  • What is the future supply pipeline in The Palm Tower?

    The total off-plan pipeline in The Palm Tower includes approximately 0 units, which will significantly impact future supply and pricing dynamics.

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  • Is The Palm Tower a good area for property investment?

    The Palm Tower is considered a high-activity investment zone due to its strong transaction volume, competitive rental yield of around %, and steady capital appreciation. However, the large upcoming supply pipeline should be carefully considered when evaluating long-term price growth.

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  • Are these figures based on listing prices or real transactions?

    All pricing, rental yield, and appreciation figures are based on actual transaction data, not listing prices. This provides a more accurate reflection of true market behavior.

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  • How is capital appreciation calculated?

    Capital appreciation is calculated using the change in median price per square foot between two consecutive 12-month periods. This reflects market trends rather than changes in individual property values.

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  • What does rental yield represent?

    Rental yield represents the annual rental income as a percentage of the property's purchase price. In The Palm Tower, this is %, indicating relatively strong income performance compared to global markets.

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