2-bed · 2,075 sqftFive Palm Jumeirah, Palm Jumeirah · 4th floor · completed 2016

40404, Five Palm Jumeirah

Sold prices and rental history: sold 3 times, last in April 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40404 · DLD and Ejari recordsUpdated 26 April 2023
Last soldAED 5.75M26 April 2023
Current rentAED 250K /yr1 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 40404, Five Palm Jumeirah

What is 40404 worth today?

Last sold for AED 5,750,000 in 2023

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26 Apr 2023SoldReady
AED 5,750,000AED 2,770 per sqft
1 Mar 2022RentedRenewal
AED 250,000/yr12 months · AED 120 per sqft
1 Mar 2021RentedRenewal
AED 250,000/yr12 months · AED 120 per sqft
1 Mar 2020RentedRenewal
AED 270,000/yr12 months · AED 130 per sqft
1 Mar 2019RentedNew contract
AED 280,000/yr12 months · AED 135 per sqft
6 Dec 2017RentedNew contract
AED 305,000/yr12 months · AED 147 per sqft
1 Jul 2017RentedNew contract
AED 295,000/yr12 months · AED 142 per sqft
22 Sep 2014SoldOff-plan
AED 5,285,779AED 2,546 per sqft

Source: Dubai Land Department. Updated 26 April 2023.

Key facts

Type
2-bed apartment
Size
2,075 sqft
Floor
4th of 16
Parking
B2-466
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 5.75M · April 2023

About 40404, Five Palm Jumeirah

40404 is a two-bedroom apartment of 2,075 sqft on the 4th 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 26 April 2023 for AED 5,750,000, or AED 2,770 per sqft, 4% above the AED 2,676 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 March 2022, is AED 250,000 a year: a gross yield of 4.3% on the 2023 price.

Sales and rents for 40404 over time

Sales
Unit 40404, 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, June 2013: AED 4,939,981 (AED 2,380 per sqft)Sold, September 2014: AED 5,285,779 (AED 2,546 per sqft)Sold, April 2023: AED 5,750,000 (AED 2,770 per sqft)

40404 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 40404, 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, July 2017: AED 295,000 a yearNew contract, December 2017: AED 305,000 a yearNew contract, March 2019: AED 280,000 a yearRenewal, March 2020: AED 270,000 a yearRenewal, March 2021: AED 250,000 a yearRenewal, March 2022: AED 250,000 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 40404 sits

All 130 2-beds →

40404 last sold in April 2023 at AED 2,770 per sqft, 4% above what two-beds in Five Palm Jumeirah were fetching at the time (AED 2,676). 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. 40404's AED 250,000 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 4th floor

All 699 units in Five Palm Jumeirah
Value
104011-bedAED 2.36M · Oct 2023
10402StudioAED 1.62M · Mar 2023
10403StudioAED 990K · Nov 2020
10404StudioAED 1.75M · May 2014
10405StudioAED 1.25M · Jul 2023
10406StudioAED 1.73M · Jul 2013
104071-bedAED 2.74M · Aug 2013
1–7 of 54

40404, Five Palm Jumeirah in numbers

  • Sold 3 times: first on 18 June 2013 for AED 4,939,981, last on 26 April 2023 for AED 5,750,000 (AED 2,770 per sqft).
  • Rented since July 2017 on 6 Ejari contracts, from AED 295,000 to AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2023 price is 4.3%.
  • 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 26 April 2023.

Questions about 40404, Five Palm Jumeirah

What did unit 40404 last sell for?

AED 5,750,000 on 26 April 2023: AED 2,770 per sqft for 2,075 sqft. The unit has 3 registered sales; the first was AED 4,939,981 in June 2013.

What is the rent for unit 40404?

AED 250,000 a year on the contract renewed on 1 March 2022. The previous contract, from March 2021, was AED 250,000; the unit has been rented since July 2017.

How big is unit 40404?

2,075 sqft (192.8 sqm): a two-bedroom apartment on the 4th floor of a 16-storey tower completed in 2016.

What is unit 40404 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 40404, Five Palm Jumeirah

Starts from the last sale price (AED 5.75M, 26 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 5,750,000
Deposit, UAE resident (20%)
AED 1,150,000
Deposit, non-resident (40%)
AED 2,300,000
Monthly over 25 years at 3.7%
AED 23,525

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