Studio · 531 sqftPeninsula Five - Tower 3, Business Bay · 17th floor · completed 2024

1705, Peninsula Five - Tower 3

Sold prices and rental history: sold twice, last in July 2025, and rented once, from October 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1705 · DLD and Ejari recordsUpdated 18 October 2026
Last soldAED 1.45M10 July 2025
Current rentAED 85K /yr18 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1705, Peninsula Five - Tower 3

What is 1705 worth today?

Last sold for AED 1,450,000 in 2025

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18 Oct 2026RentedNew contract
AED 85,000/yr12 months · AED 161 per sqft
10 Jul 2025SoldReady
AED 1,450,000AED 2,729 per sqft
23 Jun 2022Sold by developerOff-plan
AED 1,004,500AED 1,890 per sqft

Source: Dubai Land Department. Updated 18 October 2026.

Key facts

Type
Studio apartment
Size
531 sqft
Floor
17th of 36
Parking
B1-107
Developer
Select Global Development
Completed
2024
Last sold
AED 1.45M · July 2025

About 1705, Peninsula Five - Tower 3

1705 is a studio of 531 sqft on the 17th floor of Peninsula Five - Tower 3, a 36-storey tower in Business Bay completed in 2024 by Select Global Development. It last sold on 10 July 2025 for AED 1,450,000, or AED 2,729 per sqft, 11% above the AED 2,461 studios in the building were fetching at the time.

One Ejari contract is registered, from 18 October 2026. The current contract, signed on 18 October 2026, is AED 85,000 a year: a gross yield of 5.9% on the 2025 price.

Sales and rents for 1705 over time

Sales
Unit 1705, each saleTypical studio in Peninsula Five - Tower 3
1M1.25M1.5M202220242026Typical sale price by year: 2022 AED 1,006,110; 2023 AED 1,106,721; 2024 AED 1,225,000; 2025 AED 1,400,000; 2026 AED 1,440,000Sold by developer, June 2022: AED 1,004,500 (AED 1,890 per sqft)Sold, July 2025: AED 1,450,000 (AED 2,729 per sqft)

1705 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1705, each contractTypical studio in Peninsula Five - Tower 3
80K85K202520262027Typical rent by year: 2025 AED 86,289; 2026 AED 80,000New contract, October 2026: AED 85,000 a year

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 1705 sits

All 107 studios →

1705 last sold in July 2025 at AED 2,729 per sqft, 11% above what studios in Peninsula Five - Tower 3 were fetching at the time (AED 2,461). 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. 1705's AED 85,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
23 Oct 20261,360,000
9 Jul 20261,425,000
25 Mar 20261,495,000
20 Jan 20261,525,000
7 studio sales in the last 12 months

Peninsula Five - Tower 3

Building

321 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%
Peninsula Five - Tower 3, Business Bay: prices, sales and rents →

Other units on the 17th floor

All 321 units in Peninsula Five - Tower 3
Value
17011-bedAED 2.25M · Nov 2026
17022-bedAED 3.8M · Jul 2025
17031-bedAED 2.55M · Aug 2025
1704StudioAED 984K · Jun 2022
17061-bedAED 1.73M · Dec 2025
1707StudioAED 1.02M · Jun 2022
1708StudioAED 984K · Jun 2022
1–7 of 10

1705, Peninsula Five - Tower 3 in numbers

  • Sold twice: first on 23 June 2022 for AED 1,004,500, last on 10 July 2025 for AED 1,450,000 (AED 2,729 per sqft).
  • Rented since October 2026 on one Ejari contract, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2025 price is 5.9%.
  • 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 18 October 2026.

Questions about 1705, Peninsula Five - Tower 3

What did unit 1705 last sell for?

AED 1,450,000 on 10 July 2025: AED 2,729 per sqft for 531 sqft. The unit has 2 registered sales; the first was AED 1,004,500 in June 2022.

What is the rent for unit 1705?

AED 85,000 a year on the contract signed on 18 October 2026.

How big is unit 1705?

531 sqft (49.3 sqm): a studio on the 17th floor of a 36-storey tower completed in 2024.

What is unit 1705 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 1705, Peninsula Five - Tower 3

Starts from the last sale price (AED 1.45M, 10 July 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,450,000
Deposit, UAE resident (20%)
AED 290,000
Deposit, non-resident (40%)
AED 580,000
Monthly over 25 years at 3.7%
AED 5,932

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →