PropertyIndex

Palace Estates

Completed · Q1 2017|13 villas

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Palace Estates is a completed villas development by IMTIAZ REAL ESTATE INVESTMENT & DEVELOPMENT L.L.C in Jumeirah Village Circle, Al Barsha South Fourth, comprising 13 registered villas. 19 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,324 per sqft. At AED 1,324 per sqft, Palace Estates prices 9% below the Jumeirah Village Circle average of AED 1,452 per sqft on registered sales.

PIX© price · 9.0% YoY
4.38MAED
Typical
1,324AED
PSF
Gross yield
5.0%
PIX© rent ÷ PIX© price
Sale records
19
DLD · all time
Rent contracts
74
Ejari · all time
Palace Estates

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
1,722 – 2,993 sqft
134.38M1,3249.0%220K5.0%
Residential
4 Bed · Villa
1,722 – 2,993 sqft
13
Land
Land
26,876 sqft
Sales — Project-Wide19 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnitSizePricePSFvs Prior SaleTierType
17 Jul 20264 Bed1,7222,600,0001,510+160.0%StandardStandard Sale
10 Jul 20264 Bed1,7512,525,0001,442+152.5%StandardStandard Sale
15 Jan 20264 Bed1,7222,900,0001,684+30.3%StandardStandard Sale
Rentals — Project-Wide74 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Latest contracts
Start DateUnitSizeRent / YrRent PSFvs Prior RentTierType
16 Apr 20264 Bed1,722170,00099+11.5%Standardrenewal
9 Feb 20264 Bed1,722190,000110+2.7%Standardrenewal
11 Jan 20264 Bed1,722220,000128+18.9%Standardnew

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Jumeirah Village Circle

The closest-priced registered projects in Jumeirah Village Circle.

Common questions about Palace Estates

Answered from Dubai Land Department registered transactions.

How much does a property in Palace Estates cost?

Property in Palace Estates sells at a current PIX© price of AED 1,324 per sqft, or about AED 4,384,262 for a typical unit, based on 19 sales registered with the Dubai Land Department.

Is Palace Estates completed?

Yes. Palace Estates is recorded as completed in the Dubai Land Department project register (completed q1 2017).

Who is the developer of Palace Estates?

Palace Estates is developed by IMTIAZ REAL ESTATE INVESTMENT & DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Palace Estates?

Palace Estates yields 5.0% gross, calculated from current PIX© rent against current PIX© sale price, across 74 registered Ejari contracts.

How many villas are in Palace Estates?

Palace Estates holds 13 registered villas, per the Dubai Land Department unit register.

Have prices in Palace Estates gone up or down?

Price per sqft has risen +9.0% over the last 12 months, to AED 1,324, across 19 registered sales.