1602, Five Luxe
Sold prices and rental history: sold twice, last in October 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Five Luxe
What is 1602 worth today?
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Source: Dubai Land Department. Updated 30 October 2023.
Key facts
- Type
- Studio apartment
- Size
- 576 sqft
- Floor
- 16th of 54
- Parking
- 1
- Developer
- Devco Real Estate Development
- Completed
- 2023
- Last sold
- AED 3.1M · October 2023
- Building
- Five Luxe
About 1602, Five Luxe
1602 is a studio of 576 sqft on the 16th floor of Five Luxe, a 54-storey tower in Jumeirah Beach Residence completed in 2023 by Devco Real Estate Development . It last sold on 30 October 2023 for AED 3,100,000, or AED 5,379 per sqft, 20% above the AED 4,470 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1602 over time
1602 has sold twice; the dashed line is the studio median of each year in the building.
Studios in Five Luxe, and where 1602 sits
All 177 studios →1602 last sold in October 2023 at AED 5,379 per sqft, 20% above what studios in Five Luxe were fetching at the time (AED 4,470). Over the last 12 months studios sold for AED 2,600,000 to 10,182,490, around AED 4,511 per sqft, and rent for AED 300,000 to 300,000 a year.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Oct 20266 October 2026 | 712 sqft | 3,500,000 | 4,916 | ||
| 3 Jul 20263 July 2026 | 1,926 sqft | 10,182,490 | 5,285 | ||
| 2 Jul 20262 July 2026 | 1,292 sqft | 4,587,156 | 3,549 | ||
| 6 Feb 20266 February 2026 | 576 sqft | 2,600,000 | 4,511 |
Five Luxe
Building369 apartments, studios to 6-bed over 54 floors in Jumeirah Beach Residence, completed in 2023 by Devco Real Estate Development . 11 sold in the last 12 months.
- Typical price per sqft
- AED 4,382 Down 15.8%
- Typical sale
- AED 4.59M
- Typical rent
- AED 300K /yr
- Typical yield
- 3.8%
Other units on the 16th floor
All 369 units in Five Luxe| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | Studio | 712 sqft | AED 3.5MAED 3,500,000 · Sep 2025September 2025 | ||
| 1603 | 1-bed | 1,285 sqft | AED 5.1MAED 5,100,000 · Sep 2022September 2022 | ||
| 1604 | Studio | 488 sqft | AED 3.4MAED 3,400,000 · Aug 2024August 2024 | ||
| 1605 | 1-bed | 788 sqft | AED 3.63MAED 3,632,857 · Jun 2022June 2022 | ||
| 1606 | 1-bed | 788 sqft | AED 4.1MAED 4,100,000 · Jun 2025June 2025 | ||
| 1607 | Studio | 511 sqft | AED 3.4MAED 3,400,000 · May 2024May 2024 | ||
| 1608 | 1-bed | 1,381 sqft | AED 3.78MAED 3,780,000 · Feb 2022February 2022 | ||
| 1609 | 2-bed | 1,843 sqft | AED 5.85MAED 5,850,000 · Feb 2022February 2022 |
1602, Five Luxe in numbers
- Sold twice: first on 22 December 2021 for AED 2,700,000, last on 30 October 2023 for AED 3,100,000 (AED 5,379 per sqft).
- Studios in Five Luxe sold for AED 2,600,000–10,182,490 in the 12 months to November 2026; the building's median across all types is AED 4,382 per sqft.
Source: Dubai Land Department. Updated 30 October 2023.
Questions about 1602, Five Luxe
What did unit 1602 last sell for?
AED 3,100,000 on 30 October 2023: AED 5,379 per sqft for 576 sqft. The unit has 2 registered sales; the first was AED 2,700,000 in December 2021.
How big is unit 1602?
576 sqft (53.5 sqm): a studio on the 16th floor of a 54-storey tower completed in 2023.
What is unit 1602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Five Luxe sold for AED 2,600,000 to 10,182,490 in the last 12 months, around AED 4,511 per sqft.
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Mortgage on 1602, Five Luxe
Starts from the last sale price (AED 3.1M, 30 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,100,000
- Deposit, UAE resident (20%)
- AED 620,000
- Deposit, non-resident (40%)
- AED 1,240,000
- Monthly over 25 years at 3.7%
- AED 12,683
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →