508, 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 508, Peninsula Five - Tower 3
What is 508 worth today?
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Source: Dubai Land Department. Updated 18 April 2026.
Key facts
- Type
- Studio apartment
- Size
- 517 sqft
- Floor
- 5th of 36
- Parking
- 1
- Developer
- Select Global Development
- Completed
- 2024
- Last sold
- AED 909K · June 2022
- Building
- Peninsula Five - Tower 3
About 508, Peninsula Five - Tower 3
508 is a studio of 517 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 27 June 2022 for AED 908,900, or AED 1,758 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 18 April 2026, is AED 85,000 a year: a gross yield of 9.3% on the 2022 price.
Sales and rents for 508 over time
508 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 508 sits
All 107 studios →508 last sold in June 2022 at AED 1,758 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. 508's AED 85,000 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 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 | |
| 505 | Studio | 531 sqft | AED 928KAED 928,200 · Sep 2022September 2022 | 70,000 /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 | ||
| 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 |
508, Peninsula Five - Tower 3 in numbers
- Sold once: by Select Global Development on 27 June 2022 for AED 908,900, or AED 1,758 per sqft.
- Rented since April 2025 on 2 Ejari contracts, at AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2022 price is 9.3%.
- 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 April 2026.
Questions about 508, Peninsula Five - Tower 3
What did unit 508 last sell for?
AED 908,900 on 27 June 2022, sold by the developer: AED 1,758 per sqft for 517 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 85,000 a year on the contract signed on 18 April 2026. The previous contract, from April 2025, was AED 85,000.
How big is unit 508?
517 sqft (48.0 sqm): a studio on the 5th floor of a 36-storey tower completed in 2024.
What is unit 508 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 508, Peninsula Five - Tower 3
Starts from the last sale price (AED 909K, 27 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 908,900
- Deposit, UAE resident (20%)
- AED 181,780
- Deposit, non-resident (40%)
- AED 363,560
- Monthly over 25 years at 3.7%
- AED 3,719
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →