Penthouse · 2,970 sqftCayan Tower, Dubai Marina · 59th floor · completed 2013

5905, Cayan Tower

Sold prices and rental history: sold once, by the developer in April 2021, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5905 · DLD and Ejari recordsUpdated 14 April 2021
Last soldAED 3.25M14 April 2021
Current rentAED 260K /yr6 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5905, Cayan Tower

What is 5905 worth today?

Last sold for AED 3,250,000 in 2021

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14 Apr 2021Sold by developerReady
AED 3,250,000AED 1,094 per sqft
6 Jul 2020RentedRenewal
AED 260,000/yr12 months · AED 88 per sqft
6 Jul 2019RentedNew contract
AED 260,000/yr12 months · AED 88 per sqft
6 Feb 2018RentedNew contract
AED 260,000/yr12 months · AED 88 per sqft
1 Mar 2017RentedNew contract
AED 150,000/yr12 months · AED 50 per sqft

Source: Dubai Land Department. Updated 14 April 2021.

Key facts

Type
Penthouse apartment
Size
2,970 sqft
Floor
59th of 73
Parking
P1-423 , P1-424
Developer
Cayan Real Estate Investment & Development
Completed
2013
Service charge
AED 63,600 /yr
Last sold
AED 3.25M · April 2021
Building
Cayan Tower

About 5905, Cayan Tower

5905 is a penthouse of 2,970 sqft on the 59th floor of Cayan Tower, a 73-storey tower in Dubai Marina completed in 2013 by Cayan Real Estate Investment & Development. The developer sold it on 14 April 2021 for AED 3,250,000, or AED 1,094 per sqft, 32% above the AED 830 penthouses in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, renewed on 6 July 2020, is AED 260,000 a year: a gross yield of 8.0% on the 2021 price, before the service charge of about AED 63,600 a year.

Sales and rents for 5905 over time

Sales
Unit 5905, 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 2021: AED 3,250,000 (AED 1,094 per sqft)

5905 has sold once; the dashed line is the penthouse median of each year in the building.

Rents
Unit 5905, 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, March 2017: AED 150,000 a yearNew contract, February 2018: AED 260,000 a yearNew contract, July 2019: AED 260,000 a yearRenewal, July 2020: AED 260,000 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 5905 sits

All 73 penthouses →

5905 last sold in April 2021 at AED 1,094 per sqft, 32% above what penthouses in Cayan Tower were fetching at the time (AED 830). 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. 5905's AED 260,000 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 59th floor

All 495 units in Cayan Tower
Value
5901PenthouseAED 2.78M · Aug 2014
5902PenthouseAED 2.23M · Jun 2018
5903PenthouseAED 2.2M · Dec 2014
5904PenthouseAED 2.19M · Jun 2018
5906PenthouseAED 4.8M · Sep 2022
5907PenthouseAED 3.65M · Mar 2024
5908PenthouseAED 2.55M · Aug 2014
1–7 of 9

5905, Cayan Tower in numbers

  • Sold once: by Cayan Real Estate Investment & Development on 14 April 2021 for AED 3,250,000, or AED 1,094 per sqft.
  • Rented since March 2017 on 4 Ejari contracts, from AED 150,000 to AED 260,000 a year.
  • At AED 260,000 a year the gross yield on the 2021 price is 8.0%, before a service charge of about AED 63,600 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 14 April 2021.

Questions about 5905, Cayan Tower

What did unit 5905 last sell for?

AED 3,250,000 on 14 April 2021, sold by the developer: AED 1,094 per sqft for 2,970 sqft. It is the only registered sale of the unit.

What is the rent for unit 5905?

AED 260,000 a year on the contract renewed on 6 July 2020. The previous contract, from July 2019, was AED 260,000; the unit has been rented since March 2017.

How big is unit 5905?

2,970 sqft (275.9 sqm): a penthouse on the 59th floor of a 73-storey tower completed in 2013.

What is unit 5905 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 5905, Cayan Tower

Starts from the last sale price (AED 3.25M, 14 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,250,000
Deposit, UAE resident (20%)
AED 650,000
Deposit, non-resident (40%)
AED 1,300,000
Monthly over 25 years at 3.7%
AED 13,297

Plus AED 141,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →