724, Five Luxe
Sold prices and rental history: sold once, by the developer in July 2026, 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 724, Five Luxe
What is 724 worth today?
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Source: Dubai Land Department. Updated 2 July 2026.
Key facts
- Type
- Studio hotel apartment
- Size
- 1,292 sqft
- Floor
- 7th of 54
- Parking
- EU
- Developer
- Devco Real Estate Development
- Completed
- 2023
- Last sold
- AED 4.59M · July 2026
- Building
- Five Luxe
About 724, Five Luxe
724 is a studio of 1,292 sqft on the 7th 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 2 July 2026 for AED 4,587,156, or AED 3,549 per sqft, 25% below the AED 4,706 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 724 over time
724 has sold once; the dashed line is the studio median of each year in the building.
Studios in Five Luxe, and where 724 sits
All 177 studios →724 last sold in July 2026 at AED 3,549 per sqft, 25% below what studios in Five Luxe were fetching at the time (AED 4,706). 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 | ||
| 6 Feb 20266 February 2026 | 576 sqft | 2,600,000 | 4,511 | ||
| 8 Jan 20268 January 2026 | 712 sqft | 2,950,000 | 4,143 |
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 7th floor
All 369 units in Five Luxe| ValueToday's value | |||||
|---|---|---|---|---|---|
| 703 | Studio | 960 sqft | AED 4.02MAED 4,021,191 · Nov 2024November 2024 | ||
| 706 | Studio | 846 sqft | AED 4.11MAED 4,108,591 · Sep 2023September 2023 | ||
| 707 | Studio | 845 sqft | AED 4.08MAED 4,077,622 · Mar 2023March 2023 | ||
| 708 | 1-bed | 1,254 sqft | AED 6.06MAED 6,059,655 · Feb 2023February 2023 | ||
| 710 | 1-bed | 1,310 sqft | AED 6.17MAED 6,168,048 · Feb 2023February 2023 | ||
| 712 | Studio | 839 sqft | AED 4.29MAED 4,292,233 · Mar 2023March 2023 | ||
| 714 | Studio | 840 sqft | AED 4.08MAED 4,082,784 · Feb 2023February 2023 | ||
| 716 | Studio | 841 sqft | AED 4.3MAED 4,303,100 · Feb 2023February 2023 | ||
| 718 | Studio | 846 sqft | AED 4.12MAED 4,118,914 · Feb 2023February 2023 | ||
| 720 | Studio | 839 sqft | AED 4.08MAED 4,077,622 · May 2023May 2023 |
724, Five Luxe in numbers
- Sold once: by Devco Real Estate Development on 2 July 2026 for AED 4,587,156, or AED 3,549 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 2 July 2026.
Questions about 724, Five Luxe
What did unit 724 last sell for?
AED 4,587,156 on 2 July 2026, sold by the developer: AED 3,549 per sqft for 1,292 sqft. It is the only registered sale of the unit.
How big is unit 724?
1,292 sqft (120.0 sqm): a studio on the 7th floor of a 54-storey tower completed in 2023.
What is unit 724 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 724, Five Luxe
Starts from the last sale price (AED 4.59M, 2 July 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 4,587,156
- Deposit, UAE resident (20%)
- AED 917,431
- Deposit, non-resident (40%)
- AED 1,834,862
- Monthly over 25 years at 3.7%
- AED 18,767
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →