The Palm Tower, Palm Jumeirah: sale prices and transactions
The Palm Tower is a project registered with the Dubai Land Department (project no. 1603) in Palm Jumeirah. Since July 2015, 743 residential sales have been registered there, the latest in October 2026. Over the last 12 months, 34 sales closed at a median AED 46,575 per m² (AED 4,327 per sq ft).
- AED 46,575median price per m²
- AED 4,327median price per sq ft
- 743sales since 2015
- 34sales in 12 months
- +3.6%change year on year
Its price per m² is 21.5% above the Palm Jumeirah median (AED 38,327/m²). Sales combine off-plan purchases (52.2%) and resales of completed homes.
The Palm Tower prices by bedroom
Median sale price and median size, DLD sales over the last 12 months (at least 3 sales per row).
| Unit type | Sales | Median price | Median size |
|---|---|---|---|
| Apartment · Studio | 17 | AED 2,250,000 | 49 m² |
| Apartment · 1 bedroom | 17 | AED 4,600,000 | 100 m² |
The Palm Tower price history
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2019 | 29 | AED 36,144 | AED 3,358 | — |
| 2020 | 8 | AED 36,376 | AED 3,379 | +0.6% |
| 2021 | 78 | AED 32,086 | AED 2,981 | -11.8% |
| 2022 | 185 | AED 35,964 | AED 3,341 | +12.1% |
| 2023 | 80 | AED 41,110 | AED 3,819 | +14.3% |
| 2024 | 42 | AED 42,835 | AED 3,980 | +4.2% |
| 2025 | 44 | AED 45,606 | AED 4,237 | +6.5% |
| 2026 (to mid-October) | 26 | AED 46,575 | AED 4,327 | +2.1% |
The Palm Tower rents
124 Ejari contracts started in the project over the last 12 months. Indicative gross yield: studio 5.3%, 1 bedroom 5.3%.
| Unit type | Contracts | Median annual rent | Middle 50% range | New leases |
|---|---|---|---|---|
| Apartment · Studio | 57 | AED 120,000 | 110,000 – 130,000 | AED 120,000 |
| Apartment · 1 bedroom | 65 | AED 245,000 | 220,250 – 273,500 | AED 240,000 |
Location
- Nearest metro: Palm Jumeirah
- Shopping mall: Marina Mall
- Landmark: Burj Al Arab
Neighbouring projects in Palm Jumeirah
Same price per m² elsewhere in Dubai
- Nb Residences, Jumeirah First — AED 46,075/m²
- Sur La Mer, La Mer — AED 46,925/m²
- DAMAC Bay 2, Dubai Harbour — AED 46,001/m²
- Sobha SkyParks, Business Bay — AED 45,747/m²
Other projects in Palm Jumeirah
- Ellington Beach House — AED 45,725/m²
- W Residences Dubai - The Palm — AED 44,434/m²
- Serenia Living — AED 48,881/m²
- Luce — AED 43,824/m²
- Olaia Residences — AED 43,535/m²
- Muraba Residences Palm Jumeriah — AED 43,097/m²
- Serenia Residences the Palm — AED 39,152/m²
- The 8 — AED 38,587/m²
Palm Jumeirah property prices · Palm Jumeirah rents · Dubai property prices
Frequently asked questions
What is the price per sq ft at The Palm Tower?
Over the last 12 months the median is AED 4,327 per sq ft (AED 46,575 per m²) across 34 DLD sales.
How much is a studio at The Palm Tower?
Median sale price AED 2,250,000 for a median 49 m², across 17 sales over the last 12 months.
How many sales have been registered at The Palm Tower?
743 residential sales registered with the DLD between July 2015 and October 2026, 52.2% of them off-plan.
Where is The Palm Tower?
In Palm Jumeirah, Dubai; nearest metro station per the DLD: Palm Jumeirah.
Sources and method
Sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), registered residential sales (apartments, villas and townhouses) from October 16, 2025 to October 16, 2026 for the last 12 months. Price per m² = sale price / registered area; we use the median, which is less sensitive to unusual deals. 1 m² = 10.764 sq ft.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), single-unit residential contracts starting between October 20, 2025 and October 20, 2026, median annual rent. The gross yield shown is the median rent divided by the median price of the same unit type: a market benchmark, before service charges and vacancy.
Data published under the Dubai Open Data Licence, downloaded on 20 October 2026 and analysed by Cevitas Real Estate. They describe past transactions and are not a valuation or investment advice.