1508, Peninsula Five - Tower 3
Sold prices and rental history: sold once, by the developer in July 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 1508, Peninsula Five - Tower 3
What is 1508 worth today?
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Source: Dubai Land Department. Updated 5 July 2022.
Key facts
- Type
- Studio apartment
- Size
- 517 sqft
- Floor
- 15th of 36
- Parking
- 1
- Developer
- Select Global Development
- Completed
- 2024
- Last sold
- AED 973K · July 2022
- Building
- Peninsula Five - Tower 3
About 1508, Peninsula Five - Tower 3
1508 is a studio of 517 sqft on the 15th 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 5 July 2022 for AED 973,100, or AED 1,882 per sqft, in line with the AED 1,928 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1508 over time
1508 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 1508 sits
All 107 studios →1508 last sold in July 2022 at AED 1,882 per sqft, in line with what studios in Peninsula Five - Tower 3 were fetching at the time (AED 1,928). 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 15th floor
All 321 units in Peninsula Five - Tower 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 820 sqft | AED 1.69MAED 1,687,262 · Jul 2022July 2022 | 125,000 /yr | |
| 1502 | 2-bed | 1,352 sqft | AED 2.71MAED 2,713,300 · Mar 2023March 2023 | ||
| 1503 | 1-bed | 875 sqft | AED 1.65MAED 1,650,400 · Jul 2022July 2022 | 132,425 /yr | |
| 1504 | Studio | 517 sqft | AED 1.15MAED 1,150,000 · Aug 2022August 2022 | ||
| 1505 | Studio | 531 sqft | AED 994KAED 993,900 · Sep 2022September 2022 | 85,000 /yr | |
| 1506 | 1-bed | 702 sqft | AED 1.33MAED 1,327,600 · Aug 2022August 2022 | ||
| 1507 | Studio | 541 sqft | AED 704KAED 703,573 · Jul 2022July 2022 | 75,000 /yr | |
| 1509 | 1-bed | 855 sqft | AED 1.67MAED 1,670,300 · Sep 2022September 2022 | 140,000 /yr | |
| 1510 | 2-bed | 1,305 sqft | AED 2.88MAED 2,877,500 · Sep 2022September 2022 | 220,000 /yr | |
| 1511 | 1-bed | 812 sqft | AED 1.68MAED 1,679,800 · Jan 2023January 2023 |
1508, Peninsula Five - Tower 3 in numbers
- Sold once: by Select Global Development on 5 July 2022 for AED 973,100, or AED 1,882 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 5 July 2022.
Questions about 1508, Peninsula Five - Tower 3
What did unit 1508 last sell for?
AED 973,100 on 5 July 2022, sold by the developer: AED 1,882 per sqft for 517 sqft. It is the only registered sale of the unit.
How big is unit 1508?
517 sqft (48.0 sqm): a studio on the 15th floor of a 36-storey tower completed in 2024.
What is unit 1508 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 1508, Peninsula Five - Tower 3
Starts from the last sale price (AED 973K, 5 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 973,100
- Deposit, UAE resident (20%)
- AED 194,620
- Deposit, non-resident (40%)
- AED 389,240
- Monthly over 25 years at 3.7%
- AED 3,981
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →