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2-bed · 1,646 sqftFive Palm Jumeirah, Palm Jumeirah · 2nd floor · completed 2016

40207, Five Palm Jumeirah

Sold prices and rental history: sold 3 times, last in December 2017, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40207 · DLD and Ejari recordsUpdated 3 April 2020
Last soldAED 3.45M19 December 2017
Current rentAED 180K /yr3 April 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 40207, Five Palm Jumeirah

What is 40207 worth today?

Last sold for AED 3,450,000 in 2017

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3 Apr 2020RentedNew contract
AED 180,000/yr12 months · AED 109 per sqft
27 Dec 2018RentedNew contract
AED 215,000/yr12 months · AED 131 per sqft
19 Dec 2017SoldReady
AED 3,450,000AED 2,096 per sqft
15 Dec 2017RentedNew contract
AED 235,000/yr12 months · AED 143 per sqft
7 Jul 2015SoldOff-plan
AED 3,478,163AED 2,113 per sqft
7 Jul 2013Sold by developerOff-plan
AED 3,312,536AED 2,012 per sqft

Source: Dubai Land Department. Updated 3 April 2020.

Key facts

Type
2-bed apartment
Size
1,646 sqft
Floor
2nd of 16
Parking
B2-401
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 3.45M · December 2017
Building
Five Palm Jumeirah

About 40207, Five Palm Jumeirah

40207 is a two-bedroom apartment of 1,646 sqft on the 2nd 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 19 December 2017 for AED 3,450,000, or AED 2,096 per sqft, 10% below the AED 2,320 two-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 3 April 2020, is AED 180,000 a year: a gross yield of 5.2% on the 2017 price.

Sales and rents for 40207 over time

Sales
Unit 40207, 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, July 2013: AED 3,312,536 (AED 2,012 per sqft)Sold, July 2015: AED 3,478,163 (AED 2,113 per sqft)Sold, December 2017: AED 3,450,000 (AED 2,096 per sqft)

40207 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 40207, 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, December 2017: AED 235,000 a yearNew contract, December 2018: AED 215,000 a yearNew contract, April 2020: AED 180,000 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 40207 sits

All 130 2-beds →

40207 last sold in December 2017 at AED 2,096 per sqft, 10% below what two-beds in Five Palm Jumeirah were fetching at the time (AED 2,320). 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. 40207's AED 180,000 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 2nd floor

All 699 units in Five Palm Jumeirah
Value
102011-bedAED 2.43M · Jun 2023
10202StudioAED 1.77M · Dec 2013
10203StudioAED 1.53M · Nov 2022
10204StudioAED 1.71M · Jul 2013
10205StudioAED 1.64M · Dec 2022
10206StudioAED 1.69M · Jan 2023
102071-bedAED 2.74M · Jul 2013
1–7 of 53

40207, Five Palm Jumeirah in numbers

  • Sold 3 times: first on 7 July 2013 for AED 3,312,536, last on 19 December 2017 for AED 3,450,000 (AED 2,096 per sqft).
  • Rented since December 2017 on 3 Ejari contracts, from AED 235,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2017 price is 5.2%.
  • 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 3 April 2020.

Questions about 40207, Five Palm Jumeirah

What did unit 40207 last sell for?

AED 3,450,000 on 19 December 2017: AED 2,096 per sqft for 1,646 sqft. The unit has 3 registered sales; the first was AED 3,312,536 in July 2013.

What is the rent for unit 40207?

AED 180,000 a year on the contract signed on 3 April 2020. The previous contract, from December 2018, was AED 215,000; the unit has been rented since December 2017.

How big is unit 40207?

1,646 sqft (152.9 sqm): a two-bedroom apartment on the 2nd floor of a 16-storey tower completed in 2016.

What is unit 40207 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 40207, Five Palm Jumeirah

Starts from the last sale price (AED 3.45M, 19 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,450,000
Deposit, UAE resident (20%)
AED 690,000
Deposit, non-resident (40%)
AED 1,380,000
Monthly over 25 years at 3.7%
AED 14,115

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