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2-bed · 2,321 sqftFive Palm Jumeirah, Palm Jumeirah · 16th floor · completed 2016

11606, Five Palm Jumeirah

Sold prices and rental history: sold 3 times, last in June 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 11606 · DLD and Ejari recordsUpdated 28 June 2018
Last soldAED 2.92M28 June 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 11606, Five Palm Jumeirah

What is 11606 worth today?

Last sold for AED 2,920,000 in 2018

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28 Jun 2018SoldReady
AED 2,920,000AED 1,258 per sqft
26 Feb 2017SoldOff-plan
AED 2,119,500AED 666 per sqft
14 Jun 2015Sold by developerOff-plan
AED 7,843,344AED 2,467 per sqft

Source: Dubai Land Department. Updated 28 June 2018.

Key facts

Type
2-bed hotel apartment
Size
2,321 sqft
Floor
16th of 16
Parking
B2-237,B2-238
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 2.92M · June 2018
Building
Five Palm Jumeirah

About 11606, Five Palm Jumeirah

11606 is a two-bedroom hotel apartment of 2,321 sqft on the 16th 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 28 June 2018 for AED 2,920,000, or AED 1,258 per sqft, 36% below the AED 1,957 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 11606 over time

Sales
Unit 11606, each saleTypical two-bed in Five Palm Jumeirah
5M2013201720212025Typical sale price by year: 2013 AED 4,157,280; 2014 AED 4,748,162; 2015 AED 4,563,259; 2016 AED 4,900,000; 2017 AED 3,946,734; 2018 AED 4,400,000; 2019 AED 3,550,000; 2020 AED 2,700,000; 2021 AED 4,050,000; 2022 AED 4,500,000; 2023 AED 5,600,000; 2024 AED 5,400,000; 2025 AED 6,000,000; 2026 AED 5,325,000Sold by developer, June 2015: AED 7,843,344 (AED 2,467 per sqft)Sold, February 2017: AED 2,119,500 (AED 666 per sqft)Sold, June 2018: AED 2,920,000 (AED 1,258 per sqft)

11606 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 11606, each contractTypical two-bed in Five Palm Jumeirah
200K300K2017202020232026Typical rent by year: 2017 AED 235,000; 2018 AED 225,000; 2019 AED 210,000; 2020 AED 200,000; 2021 AED 210,000; 2022 AED 275,000; 2023 AED 300,000; 2024 AED 340,000; 2025 AED 315,000; 2026 AED 320,000

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

2-beds in Five Palm Jumeirah, and where 11606 sits

All 130 2-beds →

11606 last sold in June 2018 at AED 1,258 per sqft, 36% below what two-beds in Five Palm Jumeirah were fetching at the time (AED 1,957). Over the last 12 months two-beds sold for AED 3,402,000 to 7,700,000, around AED 2,572 per sqft, and rent for AED 170,000 to 600,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
24 Sep 20263,402,000
18 Feb 20267,700,000
6 Feb 20265,050,000
6 Jan 20265,600,000
6 2-bed 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 16th floor

All 699 units in Five Palm Jumeirah
Value
116013-bedNo registered sale
11602StudioAED 2M · Feb 2024
11603StudioAED 2.25M · Nov 2015
116041-bedAED 3.15M · Mar 2016
116051-bedAED 4.27M · Jun 2023
11607StudioAED 1.76M · Sep 2013
21601StudioAED 2.3M · Sep 2015
1–7 of 16

11606, Five Palm Jumeirah in numbers

  • Sold 3 times: first on 14 June 2015 for AED 7,843,344, last on 28 June 2018 for AED 2,920,000 (AED 1,258 per sqft).
  • Two-beds in Five Palm Jumeirah sold for AED 3,402,000–7,700,000 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 28 June 2018.

Questions about 11606, Five Palm Jumeirah

What did unit 11606 last sell for?

AED 2,920,000 on 28 June 2018: AED 1,258 per sqft for 2,321 sqft. The unit has 3 registered sales; the first was AED 7,843,344 in June 2015.

How big is unit 11606?

2,321 sqft (215.6 sqm): a two-bedroom hotel apartment on the 16th floor of a 16-storey tower completed in 2016.

What is unit 11606 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Five Palm Jumeirah sold for AED 3,402,000 to 7,700,000 in the last 12 months, around AED 2,572 per sqft.

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Mortgage on 11606, Five Palm Jumeirah

Starts from the last sale price (AED 2.92M, 28 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,920,000
Deposit, UAE resident (20%)
AED 584,000
Deposit, non-resident (40%)
AED 1,168,000
Monthly over 25 years at 3.7%
AED 11,947

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