2-bed · 1,950 sqftFive Palm Jumeirah, Palm Jumeirah · 13th floor · completed 2016

31302, Five Palm Jumeirah

Sold prices and rental history: sold 4 times, last in May 2023, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 31302 · DLD and Ejari recordsUpdated 5 May 2023
Last soldAED 5.2M5 May 2023
Current rentAED 200K /yr11 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 31302, Five Palm Jumeirah

What is 31302 worth today?

Last sold for AED 5,200,000 in 2023

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5 May 2023SoldReady
AED 5,200,000AED 2,667 per sqft
9 Jun 2022SoldReady
AED 4,700,000AED 2,410 per sqft
11 Nov 2021RentedRenewal
AED 200,000/yr12 months · AED 103 per sqft
10 Nov 2019RentedRenewal
AED 185,000/yr12 months · AED 95 per sqft
10 Nov 2018RentedNew contract
AED 220,000/yr12 months · AED 113 per sqft
23 Nov 2016SoldOff-plan
AED 4,900,000AED 2,513 per sqft
24 Sep 2013Sold by developerOff-plan
AED 4,542,934AED 2,330 per sqft

Source: Dubai Land Department. Updated 5 May 2023.

Key facts

Type
2-bed apartment
Size
1,950 sqft
Floor
13th of 16
Parking
B2-28
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 5.2M · May 2023

About 31302, Five Palm Jumeirah

31302 is a two-bedroom apartment of 1,950 sqft on the 13th 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 5 May 2023 for AED 5,200,000, or AED 2,667 per sqft, in line with the AED 2,680 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 11 November 2021, is AED 200,000 a year: a gross yield of 3.9% on the 2023 price.

Sales and rents for 31302 over time

Sales
Unit 31302, 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, September 2013: AED 4,542,934 (AED 2,330 per sqft)Sold, November 2016: AED 4,900,000 (AED 2,513 per sqft)Sold, June 2022: AED 4,700,000 (AED 2,410 per sqft)Sold, May 2023: AED 5,200,000 (AED 2,667 per sqft)

31302 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 31302, 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, November 2018: AED 220,000 a yearRenewal, November 2019: AED 185,000 a yearRenewal, November 2021: AED 200,000 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 31302 sits

All 130 2-beds →

31302 last sold in May 2023 at AED 2,667 per sqft, in line with what two-beds in Five Palm Jumeirah were fetching at the time (AED 2,680). 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. 31302's AED 200,000 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 13th floor

All 699 units in Five Palm Jumeirah
Value
113011-bedAED 2.82M · Jul 2014
113021-bedAED 3.55M · Oct 2013
113031-bedAED 2.85M · Jan 2022
11304StudioAED 1.89M · Jan 2023
11305StudioAED 1.69M · May 2022
113061-bedAED 3.55M · Sep 2018
113071-bedAED 2.86M · Aug 2013
1–7 of 29

31302, Five Palm Jumeirah in numbers

  • Sold 4 times: first on 24 September 2013 for AED 4,542,934, last on 5 May 2023 for AED 5,200,000 (AED 2,667 per sqft).
  • Rented since November 2018 on 3 Ejari contracts, from AED 220,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2023 price is 3.9%.
  • 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 5 May 2023.

Questions about 31302, Five Palm Jumeirah

What did unit 31302 last sell for?

AED 5,200,000 on 5 May 2023: AED 2,667 per sqft for 1,950 sqft. The unit has 4 registered sales; the first was AED 4,542,934 in September 2013.

What is the rent for unit 31302?

AED 200,000 a year on the contract renewed on 11 November 2021. The previous contract, from November 2019, was AED 185,000; the unit has been rented since November 2018.

How big is unit 31302?

1,950 sqft (181.2 sqm): a two-bedroom apartment on the 13th floor of a 16-storey tower completed in 2016.

What is unit 31302 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 31302, Five Palm Jumeirah

Starts from the last sale price (AED 5.2M, 5 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 5,200,000
Deposit, UAE resident (20%)
AED 1,040,000
Deposit, non-resident (40%)
AED 2,080,000
Monthly over 25 years at 3.7%
AED 21,275

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