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Studio · 622 sqftFive Palm Jumeirah, Palm Jumeirah · 7th floor · completed 2016

10718, Five Palm Jumeirah

Sold prices and rental history: sold twice, last in May 2022, and rented once, from December 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 10718 · DLD and Ejari recordsUpdated 17 May 2022
Last soldAED 1.71M17 May 2022
Current rentAED 82K /yr1 December 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 10718, Five Palm Jumeirah

What is 10718 worth today?

Last sold for AED 1,711,514 in 2022

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17 May 2022SoldReady
AED 1,711,514AED 2,749 per sqft
4 Dec 2017Sold by developerReady
AED 622,369AED 999 per sqft
1 Dec 2017RentedNew contract
AED 82,000/yr60 months · AED 131 per sqft

Source: Dubai Land Department. Updated 17 May 2022.

Key facts

Type
Studio hotel apartment
Size
622 sqft
Floor
7th of 16
Parking
nan
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 1.71M · May 2022
Building
Five Palm Jumeirah

About 10718, Five Palm Jumeirah

10718 is a studio of 622 sqft on the 7th 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 17 May 2022 for AED 1,711,514, or AED 2,749 per sqft, 10% above the AED 2,499 studios in the building were fetching at the time.

One Ejari contract is registered, from 1 December 2017. The current contract, signed on 1 December 2017, is AED 82,000 a year: a gross yield of 4.8% on the 2022 price.

Sales and rents for 10718 over time

Sales
Unit 10718, 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, December 2017: AED 622,369 (AED 999 per sqft)Sold, May 2022: AED 1,711,514 (AED 2,749 per sqft)

10718 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 10718, each contractTypical studio in Five Palm Jumeirah
81K82K82K201720182019Typical rent by year: 2017 AED 82,000; 2018 AED 81,000New contract, December 2017: AED 82,000 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 10718 sits

All 352 studios →

10718 last sold in May 2022 at AED 2,749 per sqft, 10% above what studios in Five Palm Jumeirah were fetching at the time (AED 2,499). 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 7th floor

All 699 units in Five Palm Jumeirah
Value
107011-bedAED 2.36M · Mar 2016
10702StudioAED 1.13M · Nov 2020
10703StudioAED 1.71M · Jul 2013
10704StudioAED 2M · Jun 2017
10705StudioAED 1.77M · Nov 2013
10706StudioAED 1.73M · Oct 2013
107071-bedAED 2.74M · Aug 2013
1–7 of 52

10718, Five Palm Jumeirah in numbers

  • Sold twice: first on 4 December 2017 for AED 622,369, last on 17 May 2022 for AED 1,711,514 (AED 2,749 per sqft).
  • Rented since December 2017 on one Ejari contract, at AED 82,000 a year.
  • At AED 82,000 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 17 May 2022.

Questions about 10718, Five Palm Jumeirah

What did unit 10718 last sell for?

AED 1,711,514 on 17 May 2022: AED 2,749 per sqft for 622 sqft. The unit has 2 registered sales; the first was AED 622,369 in December 2017.

What is the rent for unit 10718?

AED 82,000 a year on the contract signed on 1 December 2017.

How big is unit 10718?

622 sqft (57.8 sqm): a studio on the 7th floor of a 16-storey tower completed in 2016.

What is unit 10718 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 10718, Five Palm Jumeirah

Starts from the last sale price (AED 1.71M, 17 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,711,514
Deposit, UAE resident (20%)
AED 342,303
Deposit, non-resident (40%)
AED 684,606
Monthly over 25 years at 3.7%
AED 7,002

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