2-bed · 1,856 sqftFive Palm Jumeirah, Palm Jumeirah · 3rd floor · completed 2016

40303, Five Palm Jumeirah

Sold prices and rental history: sold 3 times, last in June 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40303 · DLD and Ejari recordsUpdated 13 June 2024
Last soldAED 4.5M13 June 2024
Current rentAED 210K /yr2 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 40303, Five Palm Jumeirah

What is 40303 worth today?

Last sold for AED 4,500,000 in 2024

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13 Jun 2024SoldReady
AED 4,500,000AED 2,425 per sqft
9 Sep 2021SoldReady
AED 4,100,000AED 2,209 per sqft
2 Sep 2019RentedNew contract
AED 210,000/yr12 months · AED 113 per sqft
1 Feb 2018RentedNew contract
AED 245,000/yr12 months · AED 132 per sqft
21 Jul 2013Sold by developerOff-plan
AED 4,312,913AED 2,324 per sqft

Source: Dubai Land Department. Updated 13 June 2024.

Key facts

Type
2-bed apartment
Size
1,856 sqft
Floor
3rd of 16
Parking
B2-472
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 4.5M · June 2024

About 40303, Five Palm Jumeirah

40303 is a two-bedroom apartment of 1,856 sqft on the 3rd 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 13 June 2024 for AED 4,500,000, or AED 2,425 per sqft, 28% below the AED 3,367 two-beds in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 2 September 2019, is AED 210,000 a year: a gross yield of 4.7% on the 2024 price.

Sales and rents for 40303 over time

Sales
Unit 40303, 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 4,312,913 (AED 2,324 per sqft)Sold, September 2021: AED 4,100,000 (AED 2,209 per sqft)Sold, June 2024: AED 4,500,000 (AED 2,425 per sqft)

40303 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 40303, 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, February 2018: AED 245,000 a yearNew contract, September 2019: 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 40303 sits

All 130 2-beds →

40303 last sold in June 2024 at AED 2,425 per sqft, 28% below what two-beds in Five Palm Jumeirah were fetching at the time (AED 3,367). 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. 40303'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 3rd floor

All 699 units in Five Palm Jumeirah
Value
103011-bedAED 2.36M · Jul 2013
10302StudioAED 1.5M · Aug 2024
10303StudioAED 1.4M · Apr 2022
10304StudioAED 1.71M · Sep 2013
10305StudioAED 1.71M · Sep 2013
10306StudioAED 1.7M · Sep 2022
103071-bedAED 2.74M · Aug 2013
1–7 of 53

40303, Five Palm Jumeirah in numbers

  • Sold 3 times: first on 21 July 2013 for AED 4,312,913, last on 13 June 2024 for AED 4,500,000 (AED 2,425 per sqft).
  • Rented since February 2018 on 2 Ejari contracts, from AED 245,000 to AED 210,000 a year.
  • At AED 210,000 a year the gross yield on the 2024 price is 4.7%.
  • 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 13 June 2024.

Questions about 40303, Five Palm Jumeirah

What did unit 40303 last sell for?

AED 4,500,000 on 13 June 2024: AED 2,425 per sqft for 1,856 sqft. The unit has 3 registered sales; the first was AED 4,312,913 in July 2013.

What is the rent for unit 40303?

AED 210,000 a year on the contract signed on 2 September 2019. The previous contract, from February 2018, was AED 245,000.

How big is unit 40303?

1,856 sqft (172.4 sqm): a two-bedroom apartment on the 3rd floor of a 16-storey tower completed in 2016.

What is unit 40303 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 40303, Five Palm Jumeirah

Starts from the last sale price (AED 4.5M, 13 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,500,000
Deposit, UAE resident (20%)
AED 900,000
Deposit, non-resident (40%)
AED 1,800,000
Monthly over 25 years at 3.7%
AED 18,411

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