Studio · 533 sqftPeninsula Five - Tower 3, Business Bay · 29th floor · completed 2024

2904, Peninsula Five - Tower 3

Sold prices and rental history: sold once, by the developer in August 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2904 · DLD and Ejari recordsUpdated 2 August 2022
Last soldAED 1.06M2 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2904, Peninsula Five - Tower 3

What is 2904 worth today?

Last sold for AED 1,061,100 in 2022

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2 Aug 2022Sold by developerOff-plan
AED 1,061,100AED 1,989 per sqft

Source: Dubai Land Department. Updated 2 August 2022.

Key facts

Type
Studio apartment
Size
533 sqft
Floor
29th of 36
Parking
1
Developer
Select Global Development
Completed
2024
Last sold
AED 1.06M · August 2022

About 2904, Peninsula Five - Tower 3

2904 is a studio of 533 sqft on the 29th 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 2 August 2022 for AED 1,061,100, or AED 1,989 per sqft, 3% above the AED 1,922 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2904 over time

Sales
Unit 2904, each saleTypical studio in Peninsula Five - Tower 3
1M1.2M1.4M202220242026Typical 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, August 2022: AED 1,061,100 (AED 1,989 per sqft)

2904 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2904, each contractTypical studio in Peninsula Five - Tower 3
80K85K202520262027Typical rent by year: 2025 AED 86,289; 2026 AED 80,000

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 2904 sits

All 107 studios →

2904 last sold in August 2022 at AED 1,989 per sqft, 3% above 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.

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 29th floor

All 321 units in Peninsula Five - Tower 3
Value
29013-bedAED 4.6M · Jun 2025
29021-bedAED 1.76M · Jul 2022
2903StudioAED 1.04M · Sep 2022
29051-bedAED 1.44M · Jul 2022
2906StudioAED 1.31M · Jun 2024
2907StudioAED 1.35M · Feb 2025
29081-bedAED 1.82M · Jul 2022
1–7 of 9

2904, Peninsula Five - Tower 3 in numbers

  • Sold once: by Select Global Development on 2 August 2022 for AED 1,061,100, or AED 1,989 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 2 August 2022.

Questions about 2904, Peninsula Five - Tower 3

What did unit 2904 last sell for?

AED 1,061,100 on 2 August 2022, sold by the developer: AED 1,989 per sqft for 533 sqft. It is the only registered sale of the unit.

How big is unit 2904?

533 sqft (49.5 sqm): a studio on the 29th floor of a 36-storey tower completed in 2024.

What is unit 2904 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 2904, Peninsula Five - Tower 3

Starts from the last sale price (AED 1.06M, 2 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,061,100
Deposit, UAE resident (20%)
AED 212,220
Deposit, non-resident (40%)
AED 424,440
Monthly over 25 years at 3.7%
AED 4,341

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