3-bed · 6,391 sqftFive Palm Jumeirah, Palm Jumeirah · Ground floor · completed 2016

40005, Five Palm Jumeirah

Sold prices and rental history: sold 3 times, last in September 2022, and rented once, from December 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40005 · DLD and Ejari recordsUpdated 2 September 2022
Last soldAED 9M2 September 2022
Current rentAED 750K /yr1 December 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 40005, Five Palm Jumeirah

What is 40005 worth today?

Last sold for AED 9,000,000 in 2022

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2 Sep 2022SoldReady
AED 9,000,000AED 1,408 per sqft
1 Dec 2018RentedNew contract
AED 750,000/yr12 months · AED 117 per sqft
14 Jun 2017SoldReady
AED 13,714,764AED 2,145 per sqft
13 Jun 2017Sold by developerReady
AED 13,714,764AED 2,145 per sqft

Source: Dubai Land Department. Updated 2 September 2022.

Key facts

Type
3-bed apartment
Size
6,391 sqft
Floor
Ground of 16
Parking
B2-473,B2-474
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 9M · September 2022

About 40005, Five Palm Jumeirah

40005 is a three-bedroom apartment of 6,391 sqft on the ground 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 2 September 2022 for AED 9,000,000, or AED 1,408 per sqft, 37% below the AED 2,236 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 December 2018. The current contract, signed on 1 December 2018, is AED 750,000 a year: a gross yield of 8.3% on the 2022 price.

Sales and rents for 40005 over time

Sales
Unit 40005, each saleTypical three-bed in Five Palm Jumeirah
5M10M15M2013201720212025Typical sale price by year: 2013 AED 5,467,284; 2014 AED 5,190,753; 2015 AED 5,300,000; 2017 AED 5,368,630; 2018 AED 4,750,000; 2021 AED 14,400,000; 2022 AED 6,000,000; 2023 AED 6,200,000; 2024 AED 5,470,000; 2025 AED 6,000,000Sold, June 2017: AED 13,714,764 (AED 2,145 per sqft)Sold by developer, June 2017: AED 13,714,764 (AED 2,145 per sqft)Sold, September 2022: AED 9,000,000 (AED 1,408 per sqft)

40005 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 40005, each contractTypical three-bed in Five Palm Jumeirah
250K500K750K2017202020232026Typical rent by year: 2017 AED 310,000; 2018 AED 330,000; 2019 AED 292,500; 2020 AED 250,000; 2021 AED 261,953; 2022 AED 335,000; 2024 AED 580,000; 2025 AED 550,000New contract, December 2018: AED 750,000 a year

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

3-beds in Five Palm Jumeirah, and where 40005 sits

All 39 3-beds →

40005 last sold in September 2022 at AED 1,408 per sqft, 37% below what three-beds in Five Palm Jumeirah were fetching at the time (AED 2,236). Over the last 12 months three-beds sold for AED 6,000,000 to 18,000,000, around AED 2,667 per sqft, and rent for AED 345,000 to 380,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
26 Sep 20266,200,000
4 May 202618,000,000
10 Nov 20256,000,000
12 Jun 20255,800,000
3 3-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 ground floor

All 699 units in Five Palm Jumeirah
Value
50015-bedAED 45M · Jul 2024
100014-bedAED 10.5M · Nov 2013
100024-bedAED 10.5M · Feb 2021
200014-bedAED 13M · Aug 2021
200024-bedAED 5M · Mar 2018
300043-bedAED 13.83M · Apr 2017
300053-bedAED 14.6M · Jun 2017
1–7 of 20

40005, Five Palm Jumeirah in numbers

  • Sold 3 times: first on 13 June 2017 for AED 13,714,764, last on 2 September 2022 for AED 9,000,000 (AED 1,408 per sqft).
  • Rented since December 2018 on one Ejari contract, at AED 750,000 a year.
  • At AED 750,000 a year the gross yield on the 2022 price is 8.3%.
  • Three-beds in Five Palm Jumeirah sold for AED 6,000,000–18,000,000 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 2 September 2022.

Questions about 40005, Five Palm Jumeirah

What did unit 40005 last sell for?

AED 9,000,000 on 2 September 2022: AED 1,408 per sqft for 6,391 sqft. The unit has 3 registered sales; the first was AED 13,714,764 in June 2017.

What is the rent for unit 40005?

AED 750,000 a year on the contract signed on 1 December 2018.

How big is unit 40005?

6,391 sqft (593.7 sqm): a three-bedroom apartment on the ground floor of a 16-storey tower completed in 2016.

What is unit 40005 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Five Palm Jumeirah sold for AED 6,000,000 to 18,000,000 in the last 12 months, around AED 2,667 per sqft.

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Mortgage on 40005, Five Palm Jumeirah

Starts from the last sale price (AED 9M, 2 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 9,000,000
Deposit, UAE resident (20%)
AED 1,800,000
Deposit, non-resident (40%)
AED 3,600,000
Monthly over 25 years at 3.7%
AED 36,822

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