PropertyIndex

Serenia Residences The Palm

Completed · Q1 2018|242 units · 3 buildings

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Serenia Residences The Palm is a completed apartment development by PALMA HOMES REAL ESTATE DEVELOPMENT L.L.C in Palm Jumeirah, comprising 242 registered units. 437 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,979 per sqft. At AED 2,979 per sqft, Serenia Residences The Palm prices 25% below the Palm Jumeirah average of AED 3,960 per sqft on registered sales.

PIX© price · 12.3% YoY
7.69MAED
Typical
2,979AED
PSF
Gross yield
5.2%
PIX© rent ÷ PIX© price
Sale records
437
DLD · all time
Rent contracts
678
Ejari · all time
Serenia Residences The Palm

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
900 – 12,091 sqft
2427.69M2,97912.3%403K5.2%
1 Bed · Apartment
900 – 2,036 sqft
92
2 Bed · Apartment
1,334 – 3,286 sqft
97
3 Bed · Apartment
2,014 – 5,773 sqft
44
4 Bed · Apartment
3,337 sqft
8
5 Bed · Apartment
12,091 sqft
1
Apartment (Bedrooms Unknown)
Sales — Project-Wide437 DLD records
Sale price AED/sqft · monthly · all time

Price per sqft has fallen -12.3% over the last 12 months, to AED 2,979, across 437 registered sales.

PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range · all time
PSF range
Avg size
Cash : mortgage
Off-plan : ready
DateSizePricePSFUnit TypeType
10 Aug 20261,5736,500,0004,132StandardStandard Sale
25 Jun 20261,3345,150,0003,860StandardStandard Sale
10 Jun 20261,7826,600,0003,705StandardStandard Sale
Rentals — Project-Wide678 Ejari contracts
Annual rent AED · monthly · all time
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range · all time
Renewals
Corporate
Start DateSizeRent / YrRent PSFUnit TypeType
1 Sep 20264,877750,000154Standardnew
30 Jul 20261,004115,000115Entry Levelnew
28 Jul 20261,202200,000166Premiumnew

Comparables

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

Comparable projects in Palm Jumeirah

The closest-priced registered projects in Palm Jumeirah.

Common questions about Serenia Residences The Palm

Answered from Dubai Land Department registered transactions.

How much does a property in Serenia Residences The Palm cost?

Property in Serenia Residences The Palm sells at a current PIX© price of AED 2,979 per sqft, or about AED 7,688,564 for a typical unit, based on 437 sales registered with the Dubai Land Department.

Is Serenia Residences The Palm completed?

Yes. Serenia Residences The Palm is recorded as completed in the Dubai Land Department project register (completed q1 2018).

Who is the developer of Serenia Residences The Palm?

Serenia Residences The Palm is developed by PALMA HOMES REAL ESTATE DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Serenia Residences The Palm?

Serenia Residences The Palm yields 5.2% gross, calculated from current PIX© rent against current PIX© sale price, across 678 registered Ejari contracts.

How many units are in Serenia Residences The Palm?

Serenia Residences The Palm holds 242 registered units, per the Dubai Land Department unit register.

Have prices in Serenia Residences The Palm gone up or down?

Price per sqft has fallen -12.3% over the last 12 months, to AED 2,979, across 437 registered sales.