1608, Peninsula Five - Tower 3
Sold prices and rental history: sold once, by the developer in June 2022, and rented once, from April 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1608, Peninsula Five - Tower 3
What is 1608 worth today?
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Source: Dubai Land Department. Updated 25 April 2026.
Key facts
- Type
- Studio apartment
- Size
- 517 sqft
- Floor
- 16th of 36
- Parking
- 1
- Developer
- Select Global Development
- Completed
- 2024
- Last sold
- AED 1.03M · June 2022
- Building
- Peninsula Five - Tower 3
About 1608, Peninsula Five - Tower 3
1608 is a studio of 517 sqft on the 16th 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 27 June 2022 for AED 1,027,215, or AED 1,986 per sqft, 3% above the AED 1,928 studios in the building were fetching at the time.
One Ejari contract is registered, from 25 April 2026. The current contract, signed on 25 April 2026, is AED 85,000 a year: a gross yield of 8.3% on the 2022 price.
Sales and rents for 1608 over time
1608 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 1608 sits
All 107 studios →1608 last sold in June 2022 at AED 1,986 per sqft, 3% above 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. 1608's AED 85,000 is in the upper half of that range.
| 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 16th floor
All 321 units in Peninsula Five - Tower 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 820 sqft | AED 1.79MAED 1,788,780 · Jun 2022June 2022 | 160,000 /yr | |
| 1602 | 2-bed | 1,352 sqft | AED 2.86MAED 2,863,140 · Jun 2022June 2022 | 225,000 /yr | |
| 1603 | 1-bed | 875 sqft | AED 1.74MAED 1,742,160 · Jun 2022June 2022 | 155,000 /yr | |
| 1604 | Studio | 517 sqft | AED 1.03MAED 1,027,845 · Jun 2022June 2022 | 100,000 /yr | |
| 1605 | Studio | 531 sqft | AED 1.05MAED 1,049,160 · Jun 2022June 2022 | 100,000 /yr | |
| 1606 | 1-bed | 702 sqft | AED 1.4MAED 1,401,330 · Jun 2022June 2022 | 135,000 /yr | |
| 1607 | Studio | 541 sqft | AED 1.07MAED 1,069,005 · Jun 2022June 2022 | 100,000 /yr | |
| 1609 | 1-bed | 855 sqft | AED 1.76MAED 1,762,845 · Jun 2022June 2022 | 150,000 /yr | |
| 1610 | 2-bed | 1,305 sqft | AED 2.76MAED 2,760,240 · Jun 2022June 2022 | 180,000 /yr | |
| 1611 | 1-bed | 812 sqft | AED 1.77MAED 1,772,295 · Jun 2022June 2022 | 160,000 /yr |
1608, Peninsula Five - Tower 3 in numbers
- Sold once: by Select Global Development on 27 June 2022 for AED 1,027,215, or AED 1,986 per sqft.
- Rented since April 2026 on one Ejari contract, at AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2022 price is 8.3%.
- 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 25 April 2026.
Questions about 1608, Peninsula Five - Tower 3
What did unit 1608 last sell for?
AED 1,027,215 on 27 June 2022, sold by the developer: AED 1,986 per sqft for 517 sqft. It is the only registered sale of the unit.
What is the rent for unit 1608?
AED 85,000 a year on the contract signed on 25 April 2026.
How big is unit 1608?
517 sqft (48.0 sqm): a studio on the 16th floor of a 36-storey tower completed in 2024.
What is unit 1608 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 1608, Peninsula Five - Tower 3
Starts from the last sale price (AED 1.03M, 27 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,027,215
- Deposit, UAE resident (20%)
- AED 205,443
- Deposit, non-resident (40%)
- AED 410,886
- Monthly over 25 years at 3.7%
- AED 4,203
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →