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2-bed · 1,646 sqftFive Palm Jumeirah, Palm Jumeirah · 11th floor · completed 2016

31107, Five Palm Jumeirah

Sold prices and rental history: sold twice, last in February 2023, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 31107 · DLD and Ejari recordsUpdated 17 February 2023
Last soldAED 6.25M17 February 2023
Current rentAED 235K /yr25 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 31107, Five Palm Jumeirah

What is 31107 worth today?

Last sold for AED 6,250,000 in 2023

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17 Feb 2023SoldReady
AED 6,250,000AED 3,797 per sqft
25 Sep 2019RentedNew contract
AED 235,000/yr12 months · AED 143 per sqft
14 Sep 2018RentedNew contract
AED 265,000/yr12 months · AED 161 per sqft
6 Aug 2017RentedNew contract
AED 275,000/yr12 months · AED 167 per sqft
20 Jun 2013Sold by developerOff-plan
AED 4,271,428AED 2,595 per sqft

Source: Dubai Land Department. Updated 17 February 2023.

Key facts

Type
2-bed apartment
Size
1,646 sqft
Floor
11th of 16
Parking
B2-156
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 6.25M · February 2023
Building
Five Palm Jumeirah

About 31107, Five Palm Jumeirah

31107 is a two-bedroom apartment of 1,646 sqft on the 11th 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 February 2023 for AED 6,250,000, or AED 3,797 per sqft, 47% above the AED 2,583 two-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 25 September 2019, is AED 235,000 a year: a gross yield of 3.8% on the 2023 price.

Sales and rents for 31107 over time

Sales
Unit 31107, 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, June 2013: AED 4,271,428 (AED 2,595 per sqft)Sold, February 2023: AED 6,250,000 (AED 3,797 per sqft)

31107 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 31107, 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 275,000 a yearNew contract, September 2018: AED 265,000 a yearNew contract, September 2019: AED 235,000 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 31107 sits

All 130 2-beds →

31107 last sold in February 2023 at AED 3,797 per sqft, 47% above what two-beds in Five Palm Jumeirah were fetching at the time (AED 2,583). 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. 31107's AED 235,000 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 11th floor

All 699 units in Five Palm Jumeirah
Value
111011-bedAED 2.55M · May 2015
11102StudioAED 1.4M · Sep 2013
11103StudioAED 1.71M · Jul 2013
11104StudioAED 1.71M · Sep 2013
11105StudioAED 1.71M · Jul 2013
11106StudioAED 1.73M · Oct 2013
111071-bedAED 2.74M · Aug 2013
1–7 of 44

31107, Five Palm Jumeirah in numbers

  • Sold twice: first on 20 June 2013 for AED 4,271,428, last on 17 February 2023 for AED 6,250,000 (AED 3,797 per sqft).
  • Rented since August 2017 on 3 Ejari contracts, from AED 275,000 to AED 235,000 a year.
  • At AED 235,000 a year the gross yield on the 2023 price is 3.8%.
  • 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 17 February 2023.

Questions about 31107, Five Palm Jumeirah

What did unit 31107 last sell for?

AED 6,250,000 on 17 February 2023: AED 3,797 per sqft for 1,646 sqft. The unit has 2 registered sales; the first was AED 4,271,428 in June 2013.

What is the rent for unit 31107?

AED 235,000 a year on the contract signed on 25 September 2019. The previous contract, from September 2018, was AED 265,000; the unit has been rented since August 2017.

How big is unit 31107?

1,646 sqft (152.9 sqm): a two-bedroom apartment on the 11th floor of a 16-storey tower completed in 2016.

What is unit 31107 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 31107, Five Palm Jumeirah

Starts from the last sale price (AED 6.25M, 17 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 6,250,000
Deposit, UAE resident (20%)
AED 1,250,000
Deposit, non-resident (40%)
AED 2,500,000
Monthly over 25 years at 3.7%
AED 25,571

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