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2-bed · 1,440 sqftFive Palm Jumeirah, Palm Jumeirah · 10th floor · completed 2016

31002, Five Palm Jumeirah

Sold prices and rental history: sold 4 times, last in December 2020, and rented once, from August 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 31002 · DLD and Ejari recordsUpdated 28 December 2020
Last soldAED 2.85M28 December 2020
Current rentAED 240K /yr23 August 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 31002, Five Palm Jumeirah

What is 31002 worth today?

Last sold for AED 2,850,000 in 2020

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28 Dec 2020SoldReady
AED 2,850,000AED 1,979 per sqft
12 Apr 2018SoldReady
AED 3,830,000AED 2,660 per sqft
23 Aug 2017RentedNew contract
AED 240,000/yr12 months · AED 166 per sqft
24 Nov 2014SoldOff-plan
AED 4,393,085AED 3,051 per sqft
5 Oct 2013Sold by developerOff-plan
AED 3,754,773AED 2,608 per sqft

Source: Dubai Land Department. Updated 28 December 2020.

Key facts

Type
2-bed apartment
Size
1,440 sqft
Floor
10th of 16
Parking
B2-120
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 2.85M · December 2020
Building
Five Palm Jumeirah

About 31002, Five Palm Jumeirah

31002 is a two-bedroom apartment of 1,440 sqft on the 10th 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 December 2020 for AED 2,850,000, or AED 1,979 per sqft, 19% above the AED 1,670 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 23 August 2017. The current contract, signed on 23 August 2017, is AED 240,000 a year: a gross yield of 8.4% on the 2020 price.

Sales and rents for 31002 over time

Sales
Unit 31002, each saleTypical two-bed in Five Palm Jumeirah
4M6M2013201720212025Typical 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, October 2013: AED 3,754,773 (AED 2,608 per sqft)Sold, November 2014: AED 4,393,085 (AED 3,051 per sqft)Sold, April 2018: AED 3,830,000 (AED 2,660 per sqft)Sold, December 2020: AED 2,850,000 (AED 1,979 per sqft)

31002 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 31002, 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 320,000New contract, August 2017: AED 240,000 a year

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 31002 sits

All 130 2-beds →

31002 last sold in December 2020 at AED 1,979 per sqft, 19% above what two-beds in Five Palm Jumeirah were fetching at the time (AED 1,670). 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. 31002's AED 240,000 is in the lower half of that range.

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 10th floor

All 699 units in Five Palm Jumeirah
Value
110011-bedAED 2.6M · Aug 2015
11002StudioAED 1.29M · Aug 2025
11003StudioAED 1.71M · Jul 2013
11004StudioAED 1.71M · Sep 2013
11005StudioAED 1.71M · Jul 2013
11006StudioAED 1.68M · Aug 2022
110071-bedAED 2.74M · Aug 2013
1–7 of 49

31002, Five Palm Jumeirah in numbers

  • Sold 4 times: first on 5 October 2013 for AED 3,754,773, last on 28 December 2020 for AED 2,850,000 (AED 1,979 per sqft).
  • Rented since August 2017 on one Ejari contract, at AED 240,000 a year.
  • At AED 240,000 a year the gross yield on the 2020 price is 8.4%.
  • 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 December 2020.

Questions about 31002, Five Palm Jumeirah

What did unit 31002 last sell for?

AED 2,850,000 on 28 December 2020: AED 1,979 per sqft for 1,440 sqft. The unit has 4 registered sales; the first was AED 3,754,773 in October 2013.

What is the rent for unit 31002?

AED 240,000 a year on the contract signed on 23 August 2017.

How big is unit 31002?

1,440 sqft (133.8 sqm): a two-bedroom apartment on the 10th floor of a 16-storey tower completed in 2016.

What is unit 31002 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 31002, Five Palm Jumeirah

Starts from the last sale price (AED 2.85M, 28 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,850,000
Deposit, UAE resident (20%)
AED 570,000
Deposit, non-resident (40%)
AED 1,140,000
Monthly over 25 years at 3.7%
AED 11,660

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