523, Five Luxe
Sold prices and rental history: sold once, by the developer in October 2024, 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 523, Five Luxe
What is 523 worth today?
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Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- Studio hotel apartment
- Size
- 1,136 sqft
- Floor
- 5th of 54
- Parking
- EU
- Developer
- Devco Real Estate Development
- Completed
- 2023
- Last sold
- AED 5.71M · October 2024
- Building
- Five Luxe
About 523, Five Luxe
523 is a studio of 1,136 sqft on the 5th floor of Five Luxe, a 54-storey tower in Jumeirah Beach Residence completed in 2023 by Devco Real Estate Development . The developer sold it on 1 October 2024 for AED 5,706,080, or AED 5,021 per sqft, 4% above the AED 4,841 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 523 over time
523 has sold once; the dashed line is the studio median of each year in the building.
Studios in Five Luxe, and where 523 sits
All 177 studios →523 last sold in October 2024 at AED 5,021 per sqft, 4% above what studios in Five Luxe were fetching at the time (AED 4,841). 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 5th floor
All 369 units in Five Luxe| ValueToday's value | |||||
|---|---|---|---|---|---|
| 503 | Studio | 829 sqft | AED 4.09MAED 4,090,380 · Sep 2023September 2023 | ||
| 504 | Studio | 827 sqft | AED 3.66MAED 3,655,835 · Apr 2023April 2023 | ||
| 505 | Studio | 802 sqft | AED 3.59MAED 3,594,432 · Mar 2023March 2023 | ||
| 506 | Studio | 955 sqft | AED 3.7MAED 3,696,108 · Mar 2023March 2023 | ||
| 508 | Studio | 931 sqft | AED 3.59MAED 3,591,268 · May 2023May 2023 | ||
| 510 | Studio | 852 sqft | AED 3.73MAED 3,730,481 · May 2024May 2024 | ||
| 511 | 1-bed | 1,260 sqft | AED 6.02MAED 6,021,285 · Mar 2023March 2023 | ||
| 512 | 1-bed | 1,601 sqft | AED 7.29MAED 7,292,389 · Mar 2023March 2023 | ||
| 513 | Studio | 1,021 sqft | AED 4.83MAED 4,826,143 · Mar 2023March 2023 | ||
| 514 | Studio | 1,028 sqft | AED 5.12MAED 5,122,796 · May 2023May 2023 | ||
| 515 | Studio | 973 sqft | AED 4.39MAED 4,389,297 · Apr 2024April 2024 | ||
| 516 | Studio | 846 sqft | AED 4.01MAED 4,010,814 · May 2023May 2023 | ||
| 519 | Studio | 969 sqft | AED 4.41MAED 4,411,564 · Sep 2023September 2023 | ||
| 520 | Studio | 793 sqft | AED 3.6MAED 3,599,156 · Apr 2023April 2023 | ||
| 521 | Studio | 846 sqft | AED 3.71MAED 3,712,519 · May 2024May 2024 | ||
| 524 | Studio | 1,603 sqft | AED 7.98MAED 7,977,803 · May 2023May 2023 |
523, Five Luxe in numbers
- Sold once: by Devco Real Estate Development on 1 October 2024 for AED 5,706,080, or AED 5,021 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 1 October 2024.
Questions about 523, Five Luxe
What did unit 523 last sell for?
AED 5,706,080 on 1 October 2024, sold by the developer: AED 5,021 per sqft for 1,136 sqft. It is the only registered sale of the unit.
How big is unit 523?
1,136 sqft (105.5 sqm): a studio on the 5th floor of a 54-storey tower completed in 2023.
What is unit 523 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.
Selling 523? Put it on the OpenOffers board
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Mortgage on 523, Five Luxe
Starts from the last sale price (AED 5.71M, 1 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 5,706,080
- Deposit, UAE resident (20%)
- AED 1,141,216
- Deposit, non-resident (40%)
- AED 2,282,432
- Monthly over 25 years at 3.7%
- AED 23,345
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →