2406, Peninsula Five - Tower 3
Sold prices and rental history: sold once, by the developer in July 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 2406, Peninsula Five - Tower 3
What is 2406 worth today?
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Source: Dubai Land Department. Updated 16 July 2026.
Key facts
- Type
- Studio apartment
- Size
- 543 sqft
- Floor
- 24th of 36
- Parking
- 1
- Developer
- Select Global Development
- Completed
- 2024
- Last sold
- AED 1.05M · July 2022
- Building
- Peninsula Five - Tower 3
About 2406, Peninsula Five - Tower 3
2406 is a studio of 543 sqft on the 24th 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 7 July 2022 for AED 1,054,300, or AED 1,941 per sqft, in line with the AED 1,922 studios in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 16 July 2026, is AED 84,000 a year: a gross yield of 8.0% on the 2022 price.
Sales and rents for 2406 over time
2406 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 2406 sits
All 107 studios →2406 last sold in July 2022 at AED 1,941 per sqft, in line with what studios in Peninsula Five - Tower 3 were fetching at the time (AED 1,922). 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. 2406's AED 84,000 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 24th floor
All 321 units in Peninsula Five - Tower 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 3-bed | 1,722 sqft | AED 3.61MAED 3,614,200 · Jul 2022July 2022 | ||
| 2402 | 1-bed | 876 sqft | AED 2.5MAED 2,500,000 · Apr 2025April 2025 | 170,000 /yr | |
| 2403 | Studio | 518 sqft | AED 1.23MAED 1,230,000 · Sep 2024September 2024 | 71,000 /yr | |
| 2404 | Studio | 533 sqft | AED 1.03MAED 1,034,500 · Jul 2022July 2022 | 75,000 /yr | |
| 2405 | 1-bed | 711 sqft | AED 1.5MAED 1,500,000 · Nov 2025November 2025 | 150,000 /yr | |
| 2407 | Studio | 517 sqft | AED 1.5MAED 1,500,000 · Dec 2025December 2025 | 80,000 /yr | |
| 2408 | 1-bed | 878 sqft | AED 1.78MAED 1,780,700 · Sep 2022September 2022 | ||
| 2409 | 3-bed | 1,683 sqft | AED 3.53MAED 3,531,200 · Jul 2022July 2022 | ||
| 2410 | 1-bed | 895 sqft | AED 2.1MAED 2,100,000 · Feb 2024February 2024 |
2406, Peninsula Five - Tower 3 in numbers
- Sold once: by Select Global Development on 7 July 2022 for AED 1,054,300, or AED 1,941 per sqft.
- Rented since July 2025 on 2 Ejari contracts, at AED 84,000 a year.
- At AED 84,000 a year the gross yield on the 2022 price is 8.0%.
- 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 16 July 2026.
Questions about 2406, Peninsula Five - Tower 3
What did unit 2406 last sell for?
AED 1,054,300 on 7 July 2022, sold by the developer: AED 1,941 per sqft for 543 sqft. It is the only registered sale of the unit.
What is the rent for unit 2406?
AED 84,000 a year on the contract renewed on 16 July 2026. The previous contract, from July 2025, was AED 84,000.
How big is unit 2406?
543 sqft (50.4 sqm): a studio on the 24th floor of a 36-storey tower completed in 2024.
What is unit 2406 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 2406, Peninsula Five - Tower 3
Starts from the last sale price (AED 1.05M, 7 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,054,300
- Deposit, UAE resident (20%)
- AED 210,860
- Deposit, non-resident (40%)
- AED 421,720
- Monthly over 25 years at 3.7%
- AED 4,313
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →