623, Five Luxe
Sold prices and rental history: sold once, by the developer in November 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 623, Five Luxe
What is 623 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 8 November 2024.
Key facts
- Type
- Studio hotel apartment
- Size
- 1,535 sqft
- Floor
- 6th of 54
- Parking
- EU
- Developer
- Devco Real Estate Development
- Completed
- 2023
- Last sold
- AED 5.93M · November 2024
- Building
- Five Luxe
About 623, Five Luxe
623 is a studio of 1,535 sqft on the 6th 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 8 November 2024 for AED 5,933,615, or AED 3,865 per sqft, 17% below the AED 4,636 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 623 over time
623 has sold once; the dashed line is the studio median of each year in the building.
Studios in Five Luxe, and where 623 sits
All 177 studios →623 last sold in November 2024 at AED 3,865 per sqft, 17% below what studios in Five Luxe were fetching at the time (AED 4,636). 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 6th floor
All 369 units in Five Luxe| ValueToday's value | |||||
|---|---|---|---|---|---|
| 602 | Studio | 834 sqft | AED 3.69MAED 3,692,421 · Jun 2025June 2025 | ||
| 603 | Studio | 815 sqft | AED 3.63MAED 3,626,716 · Mar 2023March 2023 | ||
| 604 | 1-bed | 936 sqft | AED 3.65MAED 3,647,460 · Feb 2023February 2023 | ||
| 605 | 1-bed | 1,291 sqft | AED 5.02MAED 5,023,113 · Nov 2024November 2024 | ||
| 607 | Studio | 851 sqft | AED 4.25MAED 4,254,435 · Aug 2024August 2024 | ||
| 608 | Studio | 845 sqft | AED 4.07MAED 4,074,943 · May 2023May 2023 | ||
| 609 | 1-bed | 1,254 sqft | AED 5.79MAED 5,787,750 · Feb 2023February 2023 | ||
| 610 | 1-bed | 1,310 sqft | AED 6.1MAED 6,099,633 · Feb 2023February 2023 | ||
| 612 | Studio | 839 sqft | AED 4.21MAED 4,208,685 · Feb 2023February 2023 | ||
| 614 | Studio | 838 sqft | AED 4.21MAED 4,214,067 · Feb 2023February 2023 | ||
| 616 | Studio | 841 sqft | AED 4.01MAED 4,008,476 · Feb 2023February 2023 | ||
| 618 | Studio | 845 sqft | AED 4.03MAED 4,034,040 · Mar 2023March 2023 | ||
| 620 | Studio | 839 sqft | AED 4MAED 3,998,250 · May 2023May 2023 | ||
| 622 | Studio | 863 sqft | AED 4.27MAED 4,271,033 · Nov 2024November 2024 |
623, Five Luxe in numbers
- Sold once: by Devco Real Estate Development on 8 November 2024 for AED 5,933,615, or AED 3,865 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 8 November 2024.
Questions about 623, Five Luxe
What did unit 623 last sell for?
AED 5,933,615 on 8 November 2024, sold by the developer: AED 3,865 per sqft for 1,535 sqft. It is the only registered sale of the unit.
How big is unit 623?
1,535 sqft (142.6 sqm): a studio on the 6th floor of a 54-storey tower completed in 2023.
What is unit 623 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 623? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 623, Five Luxe
Starts from the last sale price (AED 5.93M, 8 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 5,933,615
- Deposit, UAE resident (20%)
- AED 1,186,723
- Deposit, non-resident (40%)
- AED 2,373,446
- Monthly over 25 years at 3.7%
- AED 24,276
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →