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2-bed · 1,741 sqftFive Palm Jumeirah, Palm Jumeirah · 14th floor · completed 2016

31406, Five Palm Jumeirah

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

Unit 31406 · DLD and Ejari recordsUpdated 17 March 2020
Last soldAED 3.1M29 January 2020
Current rentAED 210K /yr17 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 31406, Five Palm Jumeirah

What is 31406 worth today?

Last sold for AED 3,100,000 in 2020

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17 Mar 2020RentedNew contract
AED 210,000/yr12 months · AED 120 per sqft
29 Jan 2020SoldReady
AED 3,100,000AED 1,780 per sqft
22 Sep 2013Sold by developerOff-plan
AED 4,084,410AED 2,345 per sqft

Source: Dubai Land Department. Updated 17 March 2020.

Key facts

Type
2-bed apartment
Size
1,741 sqft
Floor
14th of 16
Parking
B2-159
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 3.1M · January 2020
Building
Five Palm Jumeirah

About 31406, Five Palm Jumeirah

31406 is a two-bedroom apartment of 1,741 sqft on the 14th 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 29 January 2020 for AED 3,100,000, or AED 1,780 per sqft, in line with the AED 1,789 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 17 March 2020. The current contract, signed on 17 March 2020, is AED 210,000 a year: a gross yield of 6.8% on the 2020 price.

Sales and rents for 31406 over time

Sales
Unit 31406, 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 4,084,410 (AED 2,345 per sqft)Sold, January 2020: AED 3,100,000 (AED 1,780 per sqft)

31406 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 31406, 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, March 2020: AED 210,000 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 31406 sits

All 130 2-beds →

31406 last sold in January 2020 at AED 1,780 per sqft, in line with what two-beds in Five Palm Jumeirah were fetching at the time (AED 1,789). 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. 31406's AED 210,000 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 14th floor

All 699 units in Five Palm Jumeirah
Value
114011-bedAED 4.92M · Nov 2015
114021-bedAED 3.55M · Oct 2013
11403StudioAED 1.69M · Jul 2022
11404StudioAED 2M · Jan 2024
114051-bedAED 2.86M · Aug 2013
114061-bedAED 3.46M · Nov 2013
114072-bedAED 5.74M · Mar 2017
1–7 of 25

31406, Five Palm Jumeirah in numbers

  • Sold twice: first on 22 September 2013 for AED 4,084,410, last on 29 January 2020 for AED 3,100,000 (AED 1,780 per sqft).
  • Rented since March 2020 on one Ejari contract, at AED 210,000 a year.
  • At AED 210,000 a year the gross yield on the 2020 price is 6.8%.
  • 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 March 2020.

Questions about 31406, Five Palm Jumeirah

What did unit 31406 last sell for?

AED 3,100,000 on 29 January 2020: AED 1,780 per sqft for 1,741 sqft. The unit has 2 registered sales; the first was AED 4,084,410 in September 2013.

What is the rent for unit 31406?

AED 210,000 a year on the contract signed on 17 March 2020.

How big is unit 31406?

1,741 sqft (161.7 sqm): a two-bedroom apartment on the 14th floor of a 16-storey tower completed in 2016.

What is unit 31406 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 31406, Five Palm Jumeirah

Starts from the last sale price (AED 3.1M, 29 January 2020). Switch to today's estimate once you have unlocked it.
Price
AED 3,100,000
Deposit, UAE resident (20%)
AED 620,000
Deposit, non-resident (40%)
AED 1,240,000
Monthly over 25 years at 3.7%
AED 12,683

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