708, Peninsula Five - Tower 3
Sold prices and rental history: sold once, by the developer in August 2022, and rented once, from May 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 708, Peninsula Five - Tower 3
What is 708 worth today?
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Source: Dubai Land Department. Updated 5 May 2025.
Key facts
- Type
- Studio apartment
- Size
- 517 sqft
- Floor
- 7th of 36
- Parking
- 1
- Developer
- Select Global Development
- Completed
- 2024
- Last sold
- AED 827K · August 2022
- Building
- Peninsula Five - Tower 3
About 708, Peninsula Five - Tower 3
708 is a studio of 517 sqft on the 7th 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 23 August 2022 for AED 827,100, or AED 1,599 per sqft, 17% below the AED 1,921 studios in the building were fetching at the time.
One Ejari contract is registered, from 5 May 2025. The current contract, signed on 5 May 2025, is AED 80,000 a year: a gross yield of 9.7% on the 2022 price.
Sales and rents for 708 over time
708 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 708 sits
All 107 studios →708 last sold in August 2022 at AED 1,599 per sqft, 17% below what studios in Peninsula Five - Tower 3 were fetching at the time (AED 1,921). 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. 708's AED 80,000 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 7th floor
All 321 units in Peninsula Five - Tower 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 839 sqft | AED 2.36MAED 2,360,000 · Sep 2025September 2025 | ||
| 702 | 2-bed | 1,376 sqft | AED 2.63MAED 2,632,800 · Jul 2022July 2022 | 194,250 /yr | |
| 703 | 1-bed | 878 sqft | AED 1.95MAED 1,950,000 · Feb 2025February 2025 | 145,000 /yr | |
| 704 | Studio | 517 sqft | AED 919KAED 919,000 · Aug 2022August 2022 | ||
| 705 | Studio | 531 sqft | AED 938KAED 938,000 · Jul 2022July 2022 | 75,000 /yr | |
| 706 | 1-bed | 726 sqft | AED 2MAED 2,000,000 · Apr 2025April 2025 | ||
| 707 | Studio | 541 sqft | AED 1.5MAED 1,495,000 · Mar 2026March 2026 | 90,000 /yr | |
| 709 | 1-bed | 855 sqft | AED 1.61MAED 1,605,400 · Jun 2022June 2022 | ||
| 710 | 2-bed | 1,329 sqft | AED 2.54MAED 2,536,600 · Jul 2022July 2022 | 176,000 /yr | |
| 711 | 1-bed | 833 sqft | AED 2.17MAED 2,170,000 · Dec 2025December 2025 | 150,000 /yr |
708, Peninsula Five - Tower 3 in numbers
- Sold once: by Select Global Development on 23 August 2022 for AED 827,100, or AED 1,599 per sqft.
- Rented since May 2025 on one Ejari contract, at AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2022 price is 9.7%.
- 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 5 May 2025.
Questions about 708, Peninsula Five - Tower 3
What did unit 708 last sell for?
AED 827,100 on 23 August 2022, sold by the developer: AED 1,599 per sqft for 517 sqft. It is the only registered sale of the unit.
What is the rent for unit 708?
AED 80,000 a year on the contract signed on 5 May 2025.
How big is unit 708?
517 sqft (48.0 sqm): a studio on the 7th floor of a 36-storey tower completed in 2024.
What is unit 708 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 708, Peninsula Five - Tower 3
Starts from the last sale price (AED 827K, 23 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 827,100
- Deposit, UAE resident (20%)
- AED 165,420
- Deposit, non-resident (40%)
- AED 330,840
- Monthly over 25 years at 3.7%
- AED 3,384
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →