4-bed · 9,342 sqftFive Palm Jumeirah, Palm Jumeirah · 16th floor · completed 2016

31602, Five Palm Jumeirah

Sold prices and rental history: sold twice, last in June 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 31602 · DLD and Ejari recordsUpdated 29 June 2016
Last soldAED 22.03M29 June 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 31602, Five Palm Jumeirah

What is 31602 worth today?

Last sold for AED 22,028,512 in 2016

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29 Jun 2016SoldOff-plan
AED 22,028,512AED 2,358 per sqft
5 Oct 2013Sold by developerOff-plan
AED 21,491,231AED 2,300 per sqft

Source: Dubai Land Department. Updated 29 June 2016.

Key facts

Type
4-bed apartment
Size
9,342 sqft
Floor
16th of 16
Parking
B2-96, B2-97, B2-98
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 22.03M · June 2016

About 31602, Five Palm Jumeirah

31602 is a four-bedroom apartment of 9,342 sqft on the 16th 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 June 2016 for AED 22,028,512, or AED 2,358 per sqft, in line with the AED 2,399 four-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 31602 over time

Sales
Unit 31602, 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, October 2013: AED 21,491,231 (AED 2,300 per sqft)Sold, June 2016: AED 22,028,512 (AED 2,358 per sqft)

31602 has sold twice; the dashed line is the four-bed median of each year in the building.

Rents
Unit 31602, 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 1,500,000

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 31602 sits

All 30 4-beds →

31602 last sold in June 2016 at AED 2,358 per sqft, in line with what four-beds in Five Palm Jumeirah were fetching at the time (AED 2,399). 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 16th floor

All 699 units in Five Palm Jumeirah
Value
116013-bedNo registered sale
11602StudioAED 2M · Feb 2024
11603StudioAED 2.25M · Nov 2015
116041-bedAED 3.15M · Mar 2016
116051-bedAED 4.27M · Jun 2023
116062-bedAED 2.92M · Jun 2018
11607StudioAED 1.76M · Sep 2013
1–7 of 16

31602, Five Palm Jumeirah in numbers

  • Sold twice: first on 5 October 2013 for AED 21,491,231, last on 29 June 2016 for AED 22,028,512 (AED 2,358 per sqft).
  • 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 29 June 2016.

Questions about 31602, Five Palm Jumeirah

What did unit 31602 last sell for?

AED 22,028,512 on 29 June 2016: AED 2,358 per sqft for 9,342 sqft. The unit has 2 registered sales; the first was AED 21,491,231 in October 2013.

How big is unit 31602?

9,342 sqft (867.9 sqm): a four-bedroom apartment on the 16th floor of a 16-storey tower completed in 2016.

What is unit 31602 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 31602, Five Palm Jumeirah

Starts from the last sale price (AED 22.03M, 29 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 22,028,512
Deposit, UAE resident (20%)
AED 4,405,702
Deposit, non-resident (40%)
AED 8,811,405
Monthly over 25 years at 3.7%
AED 90,125

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