1408, Peninsula Five - Tower 3
Sold prices and rental history: sold once, by the developer in September 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1408, Peninsula Five - Tower 3
What is 1408 worth today?
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Source: Dubai Land Department. Updated 14 September 2022.
Key facts
- Type
- Studio apartment
- Size
- 517 sqft
- Floor
- 14th of 36
- Parking
- 1
- Developer
- Select Global Development
- Completed
- 2024
- Last sold
- AED 968K · September 2022
- Building
- Peninsula Five - Tower 3
About 1408, Peninsula Five - Tower 3
1408 is a studio of 517 sqft on the 14th floor of Peninsula Five - Tower 3, a 36-storey tower in Business Bay completed in 2024 by Select Global Development. The developer sold it on 14 September 2022 for AED 968,000, or AED 1,872 per sqft, in line with the AED 1,920 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1408 over time
1408 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Peninsula Five - Tower 3, and where 1408 sits
All 107 studios →1408 last sold in September 2022 at AED 1,872 per sqft, in line with what studios in Peninsula Five - Tower 3 were fetching at the time (AED 1,920). Over the last 12 months studios sold for AED 1,360,000 to 1,525,000, around AED 2,763 per sqft, and rent for AED 48,503 to 105,000 a year.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Oct 202623 October 2026 | 530 sqft | 1,360,000 | 2,567 | ||
| 9 Jul 20269 July 2026 | 543 sqft | 1,425,000 | 2,624 | ||
| 25 Mar 202625 March 2026 | 541 sqft | 1,495,000 | 2,763 | ||
| 20 Jan 202620 January 2026 | 517 sqft | 1,525,000 | 2,952 |
Peninsula Five - Tower 3
Building321 apartments, studios to 3-bed over 36 floors in Business Bay, completed in 2024 by Select Global Development. 46 sold in the last 12 months.
- Typical price per sqft
- AED 2,648 Up 3.4%
- Typical sale
- AED 2.25M
- Typical rent
- AED 130K /yr
- Typical yield
- 6.0%
Other units on the 14th floor
All 321 units in Peninsula Five - Tower 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 1-bed | 820 sqft | AED 1.69MAED 1,687,200 · Oct 2022October 2022 | 120,000 /yr | |
| 1402 | 2-bed | 1,353 sqft | AED 3.65MAED 3,650,000 · Feb 2026February 2026 | 170,000 /yr | |
| 1403 | 1-bed | 875 sqft | AED 1.64MAED 1,641,700 · Aug 2022August 2022 | ||
| 1404 | Studio | 517 sqft | AED 969KAED 968,600 · Jul 2022July 2022 | 95,000 /yr | |
| 1405 | Studio | 531 sqft | AED 989KAED 988,600 · Aug 2022August 2022 | ||
| 1406 | 1-bed | 702 sqft | AED 1.32MAED 1,320,500 · Jul 2022July 2022 | ||
| 1407 | Studio | 541 sqft | AED 1.17MAED 1,170,000 · Feb 2024February 2024 | 70,000 /yr | |
| 1409 | 1-bed | 855 sqft | AED 1.66MAED 1,661,800 · Sep 2022September 2022 | ||
| 1410 | 2-bed | 1,305 sqft | AED 2.6MAED 2,602,700 · Sep 2022September 2022 | 195,000 /yr | |
| 1411 | 1-bed | 812 sqft | AED 1.67MAED 1,671,700 · Nov 2022November 2022 | 140,000 /yr |
1408, Peninsula Five - Tower 3 in numbers
- Sold once: by Select Global Development on 14 September 2022 for AED 968,000, or AED 1,872 per sqft.
- Studios in Peninsula Five - Tower 3 sold for AED 1,360,000–1,525,000 in the 12 months to November 2026; the building's median across all types is AED 2,648 per sqft.
Source: Dubai Land Department. Updated 14 September 2022.
Questions about 1408, Peninsula Five - Tower 3
What did unit 1408 last sell for?
AED 968,000 on 14 September 2022, sold by the developer: AED 1,872 per sqft for 517 sqft. It is the only registered sale of the unit.
How big is unit 1408?
517 sqft (48.0 sqm): a studio on the 14th floor of a 36-storey tower completed in 2024.
What is unit 1408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Peninsula Five - Tower 3 sold for AED 1,360,000 to 1,525,000 in the last 12 months, around AED 2,763 per sqft.
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Mortgage on 1408, Peninsula Five - Tower 3
Starts from the last sale price (AED 968K, 14 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 968,000
- Deposit, UAE resident (20%)
- AED 193,600
- Deposit, non-resident (40%)
- AED 387,200
- Monthly over 25 years at 3.7%
- AED 3,960
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →