505, Peninsula Five - Tower 3
Sold prices and rental history: sold once, by the developer in September 2022, and rented once, from August 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Peninsula Five - Tower 3
What is 505 worth today?
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Source: Dubai Land Department. Updated 13 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 531 sqft
- Floor
- 5th of 36
- Parking
- 1
- Developer
- Select Global Development
- Completed
- 2024
- Last sold
- AED 928K · September 2022
- Building
- Peninsula Five - Tower 3
About 505, Peninsula Five - Tower 3
505 is a studio of 531 sqft on the 5th 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 September 2022 for AED 928,200, or AED 1,747 per sqft, 9% below the AED 1,919 studios in the building were fetching at the time.
One Ejari contract is registered, from 13 August 2026. The current contract, signed on 13 August 2026, is AED 70,000 a year: a gross yield of 7.5% on the 2022 price.
Sales and rents for 505 over time
505 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 505 sits
All 107 studios →505 last sold in September 2022 at AED 1,747 per sqft, 9% below what studios in Peninsula Five - Tower 3 were fetching at the time (AED 1,919). 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. 505's AED 70,000 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 5th floor
All 321 units in Peninsula Five - Tower 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 816 sqft | AED 1.85MAED 1,850,000 · Jan 2025January 2025 | ||
| 502 | 2-bed | 1,352 sqft | AED 2.8MAED 2,800,000 · Aug 2024August 2024 | ||
| 503 | 1-bed | 877 sqft | AED 2MAED 2,000,000 · Feb 2025February 2025 | 130,000 /yr | |
| 504 | Studio | 517 sqft | AED 909KAED 909,400 · Jun 2022June 2022 | 73,000 /yr | |
| 506 | 1-bed | 702 sqft | AED 1.46MAED 1,455,000 · Jul 2024July 2024 | ||
| 507 | Studio | 541 sqft | AED 950KAED 950,000 · Nov 2022November 2022 | ||
| 508 | Studio | 517 sqft | AED 909KAED 908,900 · Jun 2022June 2022 | 85,000 /yr | |
| 509 | 1-bed | 855 sqft | AED 2.35MAED 2,350,000 · May 2025May 2025 | 125,000 /yr | |
| 510 | 2-bed | 1,305 sqft | AED 2.22MAED 2,221,560 · Sep 2022September 2022 | 190,000 /yr | |
| 511 | 1-bed | 811 sqft | AED 2.15MAED 2,150,000 · Sep 2026September 2026 |
505, Peninsula Five - Tower 3 in numbers
- Sold once: by Select Global Development on 7 September 2022 for AED 928,200, or AED 1,747 per sqft.
- Rented since August 2026 on one Ejari contract, at AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2022 price is 7.5%.
- 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 13 August 2026.
Questions about 505, Peninsula Five - Tower 3
What did unit 505 last sell for?
AED 928,200 on 7 September 2022, sold by the developer: AED 1,747 per sqft for 531 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 70,000 a year on the contract signed on 13 August 2026.
How big is unit 505?
531 sqft (49.3 sqm): a studio on the 5th floor of a 36-storey tower completed in 2024.
What is unit 505 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.
Selling 505? Put it on the OpenOffers board
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Mortgage on 505, Peninsula Five - Tower 3
Starts from the last sale price (AED 928K, 7 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 928,200
- Deposit, UAE resident (20%)
- AED 185,640
- Deposit, non-resident (40%)
- AED 371,280
- Monthly over 25 years at 3.7%
- AED 3,798
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →