1609, Peninsula Five - Tower 3
Sold prices and rental history: sold once, by the developer in June 2022, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1609, Peninsula Five - Tower 3
What is 1609 worth today?
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Source: Dubai Land Department. Updated 19 July 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 855 sqft
- Floor
- 16th of 36
- Parking
- 1
- Developer
- Select Global Development
- Completed
- 2024
- Last sold
- AED 1.76M · June 2022
- Building
- Peninsula Five - Tower 3
About 1609, Peninsula Five - Tower 3
1609 is a one-bedroom apartment of 855 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 1,762,845, or AED 2,062 per sqft, in line with the AED 2,017 one-beds in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 19 July 2026, is AED 150,000 a year: a gross yield of 8.5% on the 2022 price.
Sales and rents for 1609 over time
1609 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Peninsula Five - Tower 3, and where 1609 sits
All 138 1-beds →1609 last sold in June 2022 at AED 2,062 per sqft, in line with what one-beds in Peninsula Five - Tower 3 were fetching at the time (AED 2,017). Over the last 12 months one-beds sold for AED 1,240,000 to 2,496,071, around AED 2,598 per sqft, and rent for AED 95,000 to 180,000 a year. 1609's AED 150,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Nov 20263 November 2026 | 839 sqft | 2,250,000 | 2,682 | ||
| 12 Oct 202612 October 2026 | 816 sqft | 2,050,000 | 2,513 | ||
| 25 Sep 202625 September 2026 | 811 sqft | 2,150,000 | 2,652 | ||
| 27 Aug 202627 August 2026 | 876 sqft | 2,325,000 | 2,654 |
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 | |
| 1608 | Studio | 517 sqft | AED 1.03MAED 1,027,215 · Jun 2022June 2022 | 85,000 /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 |
1609, Peninsula Five - Tower 3 in numbers
- Sold once: by Select Global Development on 27 June 2022 for AED 1,762,845, or AED 2,062 per sqft.
- Rented since July 2025 on 2 Ejari contracts, from AED 160,000 to AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2022 price is 8.5%.
- One-beds in Peninsula Five - Tower 3 sold for AED 1,240,000–2,496,071 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 19 July 2026.
Questions about 1609, Peninsula Five - Tower 3
What did unit 1609 last sell for?
AED 1,762,845 on 27 June 2022, sold by the developer: AED 2,062 per sqft for 855 sqft. It is the only registered sale of the unit.
What is the rent for unit 1609?
AED 150,000 a year on the contract renewed on 19 July 2026. The previous contract, from July 2025, was AED 160,000.
How big is unit 1609?
855 sqft (79.4 sqm): a one-bedroom apartment on the 16th floor of a 36-storey tower completed in 2024.
What is unit 1609 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Peninsula Five - Tower 3 sold for AED 1,240,000 to 2,496,071 in the last 12 months, around AED 2,598 per sqft.
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Mortgage on 1609, Peninsula Five - Tower 3
Starts from the last sale price (AED 1.76M, 27 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,762,845
- Deposit, UAE resident (20%)
- AED 352,569
- Deposit, non-resident (40%)
- AED 705,138
- Monthly over 25 years at 3.7%
- AED 7,212
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →