Penthouse · 1,686 sqftCayan Tower, Dubai Marina · 55th floor · completed 2013

5504, Cayan Tower

Sold prices and rental history: sold 4 times, last in April 2014, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5504 · DLD and Ejari recordsUpdated 21 April 2019
Last soldAED 3.4M9 April 2014
Current rentAED 140K /yr21 April 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5504, Cayan Tower

What is 5504 worth today?

Last sold for AED 3,400,000 in 2014

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21 Apr 2019RentedNew contract
AED 140,000/yr12 months · AED 83 per sqft
1 Sep 2016RentedNew contract
AED 210,000/yr12 months · AED 124 per sqft
1 Jul 2014RentedNew contract
AED 200,000/yr12 months · AED 118 per sqft
9 Apr 2014SoldReady
AED 3,400,000AED 2,016 per sqft
12 Feb 2014SoldReady
AED 2,407,800AED 1,428 per sqft
25 Jul 2013SoldOff-plan
AED 2,600,000AED 1,542 per sqft
15 Apr 2009Sold by developerOff-plan
AED 2,407,800AED 1,428 per sqft

Source: Dubai Land Department. Updated 21 April 2019.

Key facts

Type
Penthouse apartment
Size
1,686 sqft
Floor
55th of 73
Parking
M-383 , M-384
Developer
Cayan Real Estate Investment & Development
Completed
2013
Service charge
AED 36,100 /yr
Last sold
AED 3.4M · April 2014
Building
Cayan Tower

About 5504, Cayan Tower

5504 is a penthouse of 1,686 sqft on the 55th floor of Cayan Tower, a 73-storey tower in Dubai Marina completed in 2013 by Cayan Real Estate Investment & Development. It last sold on 9 April 2014 for AED 3,400,000, or AED 2,016 per sqft, 41% above the AED 1,428 penthouses in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 21 April 2019, is AED 140,000 a year: a gross yield of 4.1% on the 2014 price, before the service charge of about AED 36,100 a year.

Sales and rents for 5504 over time

Sales
Unit 5504, each saleTypical penthouse in Cayan Tower
2.5M5M7.5M2009201420192024Typical sale price by year: 2009 AED 4,139,640; 2011 AED 3,162,149; 2012 AED 2,898,568; 2013 AED 3,162,149; 2014 AED 4,505,900; 2015 AED 4,768,500; 2016 AED 3,150,000; 2017 AED 3,150,000; 2018 AED 2,209,435; 2021 AED 3,200,000; 2022 AED 3,175,000; 2023 AED 4,300,000; 2024 AED 5,150,000; 2025 AED 6,775,000; 2026 AED 6,337,500Sold by developer, April 2009: AED 2,407,800 (AED 1,428 per sqft)Sold, July 2013: AED 2,600,000 (AED 1,542 per sqft)Sold, February 2014: AED 2,407,800 (AED 1,428 per sqft)Sold, April 2014: AED 3,400,000 (AED 2,016 per sqft)

5504 has sold 4 times; the dashed line is the penthouse median of each year in the building.

Rents
Unit 5504, each contractTypical penthouse in Cayan Tower
200K300K2013201720212025Typical rent by year: 2013 AED 210,000; 2014 AED 220,000; 2015 AED 280,000; 2016 AED 250,000; 2017 AED 253,318; 2018 AED 227,000; 2019 AED 195,630; 2020 AED 145,000; 2021 AED 178,000; 2022 AED 180,000; 2023 AED 230,000; 2024 AED 225,000; 2025 AED 220,838; 2026 AED 200,000New contract, July 2014: AED 200,000 a yearNew contract, September 2016: AED 210,000 a yearNew contract, April 2019: AED 140,000 a year

Annual rent on each registered contract; the dashed line is the penthouse median of each year in the building.

Penthouses in Cayan Tower, and where 5504 sits

All 73 penthouses →

5504 last sold in April 2014 at AED 2,016 per sqft, 41% above what penthouses in Cayan Tower were fetching at the time (AED 1,428). Over the last 12 months penthouses sold for AED 2,300,000 to 14,000,000, around AED 2,083 per sqft, and rent for AED 95,000 to 485,000 a year. 5504's AED 140,000 is in the lower half of that range.

Recent penthouse salesUnit no.Price (AED)Summary
2 Oct 20269,910,523
11 Aug 20263,300,000
24 Jun 20265,875,000
10 Mar 20266,800,000
6 penthouse sales in the last 12 months

Cayan Tower

Building

495 apartments, studios to 3-bed over 73 floors in Dubai Marina, completed in 2013 by Cayan Real Estate Investment & Development. 37 sold in the last 12 months.

Typical price per sqft
AED 2,097 Up 3.7%
Typical sale
AED 2.5M
Typical rent
AED 139K /yr
Typical yield
5.9%
Cayan Tower, Dubai Marina: prices, sales and rents →

Other units on the 55th floor

All 495 units in Cayan Tower
Value
5501PenthouseAED 2.7M · Apr 2016
5502PenthouseAED 3.2M · Jul 2025
5503PenthouseAED 1.55M · Oct 2013
5505PenthouseAED 4.3M · Jun 2023
5506PenthouseAED 3.2M · Oct 2013
5507PenthouseAED 2.85M · Nov 2013
5508PenthouseAED 2.5M · Jun 2014
1–7 of 9

5504, Cayan Tower in numbers

  • Sold 4 times: first on 15 April 2009 for AED 2,407,800, last on 9 April 2014 for AED 3,400,000 (AED 2,016 per sqft).
  • Rented since July 2014 on 3 Ejari contracts, from AED 200,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2014 price is 4.1%, before a service charge of about AED 36,100 a year (AED 21.43 per sqft).
  • Penthouses in Cayan Tower sold for AED 2,300,000–14,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,097 per sqft.

Source: Dubai Land Department. Updated 21 April 2019.

Questions about 5504, Cayan Tower

What did unit 5504 last sell for?

AED 3,400,000 on 9 April 2014: AED 2,016 per sqft for 1,686 sqft. The unit has 4 registered sales; the first was AED 2,407,800 in April 2009.

What is the rent for unit 5504?

AED 140,000 a year on the contract signed on 21 April 2019. The previous contract, from September 2016, was AED 210,000; the unit has been rented since July 2014.

How big is unit 5504?

1,686 sqft (156.6 sqm): a penthouse on the 55th floor of a 73-storey tower completed in 2013.

What is unit 5504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Penthouses in Cayan Tower sold for AED 2,300,000 to 14,000,000 in the last 12 months, around AED 2,083 per sqft.

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Mortgage on 5504, Cayan Tower

Starts from the last sale price (AED 3.4M, 9 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,400,000
Deposit, UAE resident (20%)
AED 680,000
Deposit, non-resident (40%)
AED 1,360,000
Monthly over 25 years at 3.7%
AED 13,910

Plus AED 147,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →