408, 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 408, Peninsula Five - Tower 3
What is 408 worth today?
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Source: Dubai Land Department. Updated 25 May 2026.
Key facts
- Type
- Studio apartment
- Size
- 517 sqft
- Floor
- 4th of 36
- Parking
- 1
- Developer
- Select Global Development
- Completed
- 2024
- Last sold
- AED 904K · June 2022
- Building
- Peninsula Five - Tower 3
About 408, Peninsula Five - Tower 3
408 is a studio of 517 sqft on the 4th 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 904,400, or AED 1,749 per sqft, 9% below the AED 1,928 studios in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 25 May 2026, is AED 73,000 a year: a gross yield of 8.1% on the 2022 price.
Sales and rents for 408 over time
408 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 408 sits
All 107 studios →408 last sold in June 2022 at AED 1,749 per sqft, 9% below 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. 408's AED 73,000 is in the lower 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 4th floor
All 321 units in Peninsula Five - Tower 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 816 sqft | AED 1.4MAED 1,398,771 · Mar 2024March 2024 | 150,000 /yr | |
| 402 | 2-bed | 1,353 sqft | AED 2.9MAED 2,900,000 · Mar 2025March 2025 | ||
| 403 | 1-bed | 877 sqft | AED 2MAED 2,000,000 · Feb 2025February 2025 | ||
| 404 | Studio | 517 sqft | AED 905KAED 905,000 · Jun 2022June 2022 | 85,000 /yr | |
| 405 | Studio | 531 sqft | AED 924KAED 923,700 · Jun 2022June 2022 | 79,000 /yr | |
| 406 | 1-bed | 702 sqft | AED 1.22MAED 1,218,500 · Jul 2022July 2022 | 115,000 /yr | |
| 407 | Studio | 541 sqft | AED 941KAED 941,200 · Jun 2022June 2022 | 79,000 /yr | |
| 409 | 1-bed | 855 sqft | AED 1.58MAED 1,580,000 · Mar 2024March 2024 | 150,000 /yr | |
| 410 | 2-bed | 1,307 sqft | AED 2.5MAED 2,500,000 · May 2025May 2025 | ||
| 411 | 1-bed | 812 sqft | AED 1.39MAED 1,385,901 · Apr 2024April 2024 |
408, Peninsula Five - Tower 3 in numbers
- Sold once: by Select Global Development on 27 June 2022 for AED 904,400, or AED 1,749 per sqft.
- Rented since May 2025 on 2 Ejari contracts, from AED 77,000 to AED 73,000 a year.
- At AED 73,000 a year the gross yield on the 2022 price is 8.1%.
- 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 May 2026.
Questions about 408, Peninsula Five - Tower 3
What did unit 408 last sell for?
AED 904,400 on 27 June 2022, sold by the developer: AED 1,749 per sqft for 517 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 73,000 a year on the contract signed on 25 May 2026. The previous contract, from May 2025, was AED 77,000.
How big is unit 408?
517 sqft (48.0 sqm): a studio on the 4th floor of a 36-storey tower completed in 2024.
What is unit 408 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 408, Peninsula Five - Tower 3
Starts from the last sale price (AED 904K, 27 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 904,400
- Deposit, UAE resident (20%)
- AED 180,880
- Deposit, non-resident (40%)
- AED 361,760
- Monthly over 25 years at 3.7%
- AED 3,700
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →