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4-bed · 5,678 sqftFive Palm Jumeirah, Palm Jumeirah · 15th floor · completed 2016

31501, Five Palm Jumeirah

Sold prices and rental history: sold twice, last in June 2022, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 31501 · DLD and Ejari recordsUpdated 7 June 2022
Last soldAED 18.4M7 June 2022
Current rentAED 650K /yr13 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 31501, Five Palm Jumeirah

What is 31501 worth today?

Last sold for AED 18,400,000 in 2022

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7 Jun 2022SoldReady
AED 18,400,000AED 3,240 per sqft
13 Jul 2019RentedNew contract
AED 650,000/yr12 months · AED 115 per sqft
1 Apr 2017RentedNew contract
AED 720,000/yr12 months · AED 127 per sqft
24 Sep 2013Sold by developerOff-plan
AED 15,480,660AED 2,726 per sqft

Source: Dubai Land Department. Updated 7 June 2022.

Key facts

Type
4-bed apartment
Size
5,678 sqft
Floor
15th of 16
Parking
B2-1, B2-2, B2-3
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 18.4M · June 2022
Building
Five Palm Jumeirah

About 31501, Five Palm Jumeirah

31501 is a four-bedroom apartment of 5,678 sqft on the 15th 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 June 2022 for AED 18,400,000, or AED 3,240 per sqft, 24% above the AED 2,608 four-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 13 July 2019, is AED 650,000 a year: a gross yield of 3.5% on the 2022 price.

Sales and rents for 31501 over time

Sales
Unit 31501, each saleTypical four-bed in Five Palm Jumeirah
10M20M20132016201920222025Typical sale price by year: 2013 AED 12,989,326; 2014 AED 14,962,304; 2015 AED 13,532,889; 2016 AED 14,700,000; 2017 AED 12,715,867; 2018 AED 8,500,000; 2021 AED 14,150,000; 2024 AED 22,000,000Sold by developer, September 2013: AED 15,480,660 (AED 2,726 per sqft)Sold, June 2022: AED 18,400,000 (AED 3,240 per sqft)

31501 has sold twice; the dashed line is the four-bed median of each year in the building.

Rents
Unit 31501, each contractTypical four-bed in Five Palm Jumeirah
500K1M1.5M2017201920212023Typical rent by year: 2017 AED 680,000; 2018 AED 650,000; 2019 AED 650,000; 2020 AED 970,000; 2021 AED 700,000; 2022 AED 1,500,000New contract, April 2017: AED 720,000 a yearNew contract, July 2019: AED 650,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in Five Palm Jumeirah, and where 31501 sits

All 30 4-beds →

31501 last sold in June 2022 at AED 3,240 per sqft, 24% above what four-beds in Five Palm Jumeirah were fetching at the time (AED 2,608). Over the last 12 months four-beds sold for AED 13,250,000, around AED 3,232 per sqft, and rent for AED 1,400,000 to 1,400,000 a year.

Recent 4-bed salesUnit no.Price (AED)Summary
26 Feb 202613,250,000
6 May 202520,000,000
21 Jan 202522,500,000
14 Oct 202422,000,000
1 4-bed sale 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 15th floor

All 699 units in Five Palm Jumeirah
Value
115011-bedAED 4.92M · Nov 2015
115021-bedAED 3.18M · Mar 2017
11503StudioAED 1.73M · Jul 2013
11504StudioAED 1.75M · Dec 2022
115051-bedAED 2.86M · Aug 2013
115061-bedAED 4M · Feb 2025
115072-bedAED 5.85M · Oct 2013
1–7 of 25

31501, Five Palm Jumeirah in numbers

  • Sold twice: first on 24 September 2013 for AED 15,480,660, last on 7 June 2022 for AED 18,400,000 (AED 3,240 per sqft).
  • Rented since April 2017 on 2 Ejari contracts, from AED 720,000 to AED 650,000 a year.
  • At AED 650,000 a year the gross yield on the 2022 price is 3.5%.
  • Four-beds in Five Palm Jumeirah sold for AED 13,250,000–13,250,000 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 June 2022.

Questions about 31501, Five Palm Jumeirah

What did unit 31501 last sell for?

AED 18,400,000 on 7 June 2022: AED 3,240 per sqft for 5,678 sqft. The unit has 2 registered sales; the first was AED 15,480,660 in September 2013.

What is the rent for unit 31501?

AED 650,000 a year on the contract signed on 13 July 2019. The previous contract, from April 2017, was AED 720,000.

How big is unit 31501?

5,678 sqft (527.5 sqm): a four-bedroom apartment on the 15th floor of a 16-storey tower completed in 2016.

What is unit 31501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Five Palm Jumeirah sold for AED 13,250,000 to 13,250,000 in the last 12 months, around AED 3,232 per sqft.

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Mortgage on 31501, Five Palm Jumeirah

Starts from the last sale price (AED 18.4M, 7 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 18,400,000
Deposit, UAE resident (20%)
AED 3,680,000
Deposit, non-resident (40%)
AED 7,360,000
Monthly over 25 years at 3.7%
AED 75,280

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