
AED 159,990/ year
Brand New | High-End Furnishing | Biggest Layout
Palace Beach Residence Tower 1 · 1 bed · 1 bath · 851 sqft
Building · Dubai Harbour
1 on the market with McCone.
On the market · Palace Beach Residence Tower 1
The area, not the building
The register does not name Palace Beach Residence Tower 1 on enough contracts to quote it alone, so these are the community's figures — every tenancy registered in the last twelve months, read from the DLD area Marsa Dubai, which also covers Bluewaters, Dubai Marina and Jumeirah Beach Residence. The full Dubai Harbour rental report →
| Layout | Median rent | New lease | Renewal | Per sq ft / year | Contracts |
|---|---|---|---|---|---|
| Studio | 65,000 | 65,000 | 62,000 | 140 | 1,177 |
| 1 B/R | 95,000 | 98,000 | 90,300 | 112 | 7,709 |
| 2 B/R | 140,000 | 150,000 | 136,696 | 104 | 6,490 |
| PENTHOUSE | 190,000 | 190,000 | 200,000 | 77 | 18 |
| 3 B/R | 203,684 | 220,000 | 195,000 | 97 | 2,331 |
| 4 B/R | 290,000 | 300,000 | 275,000 | 94 | 357 |
| 5 B/R | 405,500 | 717,500 | 290,000 | 65 | 26 |
A community figure, not this building’s. A tower priced below its neighbours usually lets below them too; a tower priced above them, above. Use these as the range the building sits in.
Rent against price
Dubai Harbour's recorded rent per square foot a year over this building's own recorded resale price per square foot — an indicative figure, since the rent is the area's and the price is the building's.
| Layout | Rent / sq ft / year | Rent from | Sale / sq ft | Gross yield |
|---|---|---|---|---|
| 1 B/R | 112 | Dubai Harbour · 7,709 | 3,282 | 3.4% |
| 3 B/R | 97 | Dubai Harbour · 2,331 | 3,623 | 2.7% |
| 2 B/R | 104 | Dubai Harbour · 6,490 | 4,165 | 2.5% |
Gross: before service charges, agency fees and any months empty between tenants. The sale side is completed homes sold here in the last three years, five or more of a layout.
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