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Studio · 635 sqftFive Palm Jumeirah, Palm Jumeirah · 6th floor · completed 2016

20616, Five Palm Jumeirah

Sold prices and rental history: sold 3 times, last in April 2022, and rented once, from January 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 20616 · DLD and Ejari recordsUpdated 7 April 2022
Last soldAED 1.73M7 April 2022
Current rentAED 84K /yr1 January 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 20616, Five Palm Jumeirah

What is 20616 worth today?

Last sold for AED 1,730,866 in 2022

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7 Apr 2022SoldReady
AED 1,730,866AED 2,724 per sqft
28 Jan 2018SoldReady
AED 635,178AED 999 per sqft
1 Jan 2018RentedNew contract
AED 84,000/yr60 months · AED 132 per sqft
13 Nov 2013Sold by developerOff-plan
AED 1,799,160AED 2,832 per sqft

Source: Dubai Land Department. Updated 7 April 2022.

Key facts

Type
Studio hotel apartment
Size
635 sqft
Floor
6th of 16
Parking
nan
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 1.73M · April 2022
Building
Five Palm Jumeirah

About 20616, Five Palm Jumeirah

20616 is a studio of 635 sqft on the 6th 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 7 April 2022 for AED 1,730,866, or AED 2,724 per sqft, 9% above the AED 2,499 studios in the building were fetching at the time.

One Ejari contract is registered, from 1 January 2018. The current contract, signed on 1 January 2018, is AED 84,000 a year: a gross yield of 4.9% on the 2022 price.

Sales and rents for 20616 over time

Sales
Unit 20616, 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, November 2013: AED 1,799,160 (AED 2,832 per sqft)Sold, January 2018: AED 635,178 (AED 999 per sqft)Sold, April 2022: AED 1,730,866 (AED 2,724 per sqft)

20616 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 20616, each contractTypical studio in Five Palm Jumeirah
82K84K201720182019Typical rent by year: 2017 AED 82,000; 2018 AED 81,000New contract, January 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 20616 sits

All 352 studios →

20616 last sold in April 2022 at AED 2,724 per sqft, 9% 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 6th floor

All 699 units in Five Palm Jumeirah
Value
106011-bedAED 2.36M · Jul 2013
10602StudioAED 1.47M · Jan 2022
10603StudioAED 1.71M · Jul 2013
10604StudioAED 1.71M · May 2014
10605StudioAED 1.71M · Jul 2013
10606StudioAED 1.73M · Oct 2013
106071-bedAED 2.74M · Aug 2013
1–7 of 52

20616, Five Palm Jumeirah in numbers

  • Sold 3 times: first on 13 November 2013 for AED 1,799,160, last on 7 April 2022 for AED 1,730,866 (AED 2,724 per sqft).
  • Rented since January 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 4.9%.
  • 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 7 April 2022.

Questions about 20616, Five Palm Jumeirah

What did unit 20616 last sell for?

AED 1,730,866 on 7 April 2022: AED 2,724 per sqft for 635 sqft. The unit has 3 registered sales; the first was AED 1,799,160 in November 2013.

What is the rent for unit 20616?

AED 84,000 a year on the contract signed on 1 January 2018.

How big is unit 20616?

635 sqft (59.0 sqm): a studio on the 6th floor of a 16-storey tower completed in 2016.

What is unit 20616 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 20616, Five Palm Jumeirah

Starts from the last sale price (AED 1.73M, 7 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,730,866
Deposit, UAE resident (20%)
AED 346,173
Deposit, non-resident (40%)
AED 692,346
Monthly over 25 years at 3.7%
AED 7,082

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