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Studio · 635 sqftFive Palm Jumeirah, Palm Jumeirah · 2nd floor · completed 2016

10216, Five Palm Jumeirah

Sold prices and rental history: sold twice, last in November 2022, and rented once, from June 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 10216 · DLD and Ejari recordsUpdated 8 November 2022
Last soldAED 1.75M8 November 2022
Current rentAED 84K /yr21 June 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 10216, Five Palm Jumeirah

What is 10216 worth today?

Last sold for AED 1,746,739 in 2022

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8 Nov 2022SoldReady
AED 1,746,739AED 2,749 per sqft
27 Jun 2018Sold by developerReady
AED 635,178AED 999 per sqft
21 Jun 2018RentedNew contract
AED 84,000/yr60 months · AED 132 per sqft

Source: Dubai Land Department. Updated 8 November 2022.

Key facts

Type
Studio hotel apartment
Size
635 sqft
Floor
2nd of 16
Parking
nan
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 1.75M · November 2022
Building
Five Palm Jumeirah

About 10216, Five Palm Jumeirah

10216 is a studio of 635 sqft on the 2nd floor of Five Palm Jumeirah, a 16-storey tower in Palm Jumeirah completed in 2016 by SKAI Zaya Real Estate Development. It last sold on 8 November 2022 for AED 1,746,739, or AED 2,749 per sqft, in line with the AED 2,749 studios in the building were fetching at the time.

One Ejari contract is registered, from 21 June 2018. The current contract, signed on 21 June 2018, is AED 84,000 a year: a gross yield of 4.8% on the 2022 price.

Sales and rents for 10216 over time

Sales
Unit 10216, each saleTypical studio in Five Palm Jumeirah
01M2M2013201720212025Typical sale price by year: 2013 AED 1,730,493; 2014 AED 1,835,143; 2015 AED 1,839,719; 2016 AED 1,851,879; 2017 AED 649,171; 2018 AED 618,440; 2019 AED 1,264,000; 2020 AED 123,074; 2021 AED 1,150,000; 2022 AED 1,689,610; 2023 AED 1,689,009; 2024 AED 1,915,000; 2025 AED 1,435,000; 2026 AED 1,160,650Sold by developer, June 2018: AED 635,178 (AED 999 per sqft)Sold, November 2022: AED 1,746,739 (AED 2,749 per sqft)

10216 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 10216, each contractTypical studio in Five Palm Jumeirah
82K84K201720182019Typical rent by year: 2017 AED 82,000; 2018 AED 81,000New contract, June 2018: AED 84,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Five Palm Jumeirah, and where 10216 sits

All 352 studios →

10216 last sold in November 2022 at AED 2,749 per sqft, in line with what studios in Five Palm Jumeirah were fetching at the time (AED 2,749). Over the last 12 months studios sold for AED 1,100,000 to 1,400,000, around AED 1,941 per sqft.

Recent studio salesUnit no.Price (AED)Summary
4 Nov 20261,100,000
15 Sep 20261,121,299
14 Aug 20261,200,000
13 Feb 20261,400,000
5 studio sales in the last 12 months

Five Palm Jumeirah

Building

699 apartments, studios to 5-bed over 16 floors in Palm Jumeirah, completed in 2016 by SKAI Zaya Real Estate Development. 18 sold in the last 12 months.

Typical price per sqft
AED 2,549 Down 10.6%
Typical sale
AED 5.03M
Typical rent
AED 315K /yr
Typical yield
7.3%
Five Palm Jumeirah, Palm Jumeirah: prices, sales and rents →

Other units on the 2nd floor

All 699 units in Five Palm Jumeirah
Value
102011-bedAED 2.43M · Jun 2023
10202StudioAED 1.77M · Dec 2013
10203StudioAED 1.53M · Nov 2022
10204StudioAED 1.71M · Jul 2013
10205StudioAED 1.64M · Dec 2022
10206StudioAED 1.69M · Jan 2023
102071-bedAED 2.74M · Jul 2013
1–7 of 53

10216, Five Palm Jumeirah in numbers

  • Sold twice: first on 27 June 2018 for AED 635,178, last on 8 November 2022 for AED 1,746,739 (AED 2,749 per sqft).
  • Rented since June 2018 on one Ejari contract, at AED 84,000 a year.
  • At AED 84,000 a year the gross yield on the 2022 price is 4.8%.
  • Studios in Five Palm Jumeirah sold for AED 1,100,000–1,400,000 in the 12 months to November 2026; the building's median across all types is AED 2,549 per sqft.

Source: Dubai Land Department. Updated 8 November 2022.

Questions about 10216, Five Palm Jumeirah

What did unit 10216 last sell for?

AED 1,746,739 on 8 November 2022: AED 2,749 per sqft for 635 sqft. The unit has 2 registered sales; the first was AED 635,178 in June 2018.

What is the rent for unit 10216?

AED 84,000 a year on the contract signed on 21 June 2018.

How big is unit 10216?

635 sqft (59.0 sqm): a studio on the 2nd floor of a 16-storey tower completed in 2016.

What is unit 10216 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Five Palm Jumeirah sold for AED 1,100,000 to 1,400,000 in the last 12 months, around AED 1,941 per sqft.

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Mortgage on 10216, Five Palm Jumeirah

Starts from the last sale price (AED 1.75M, 8 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,746,739
Deposit, UAE resident (20%)
AED 349,348
Deposit, non-resident (40%)
AED 698,696
Monthly over 25 years at 3.7%
AED 7,146

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →