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2-bed · 1,748 sqftFive Palm Jumeirah, Palm Jumeirah · 4th floor · completed 2016

40406, Five Palm Jumeirah

Sold prices and rental history: sold twice, last in November 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40406 · DLD and Ejari recordsUpdated 10 November 2022
Last soldAED 4.65M10 November 2022
Current rentAED 273K /yr5 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 40406, Five Palm Jumeirah

What is 40406 worth today?

Last sold for AED 4,650,000 in 2022

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10 Nov 2022SoldReady
AED 4,650,000AED 2,659 per sqft
5 Feb 2022RentedRenewal
AED 273,333/yr9 months · AED 156 per sqft
5 Nov 2021RentedRenewal
AED 200,000/yr3 months · AED 114 per sqft
5 Aug 2021RentedNew contract
AED 180,000/yr3 months · AED 103 per sqft
5 Aug 2021RentedRenewal
AED 180,000/yr12 months · AED 103 per sqft
5 Aug 2020RentedNew contract
AED 150,000/yr12 months · AED 86 per sqft
24 Aug 2019RentedNew contract
AED 190,000/yr12 months · AED 109 per sqft
24 Aug 2018RentedRenewal
AED 190,000/yr12 months · AED 109 per sqft

Source: Dubai Land Department. Updated 10 November 2022.

Key facts

Type
2-bed apartment
Size
1,748 sqft
Floor
4th of 16
Parking
B2-402
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 4.65M · November 2022
Building
Five Palm Jumeirah

About 40406, Five Palm Jumeirah

40406 is a two-bedroom apartment of 1,748 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 10 November 2022 for AED 4,650,000, or AED 2,659 per sqft, 9% above the AED 2,431 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, renewed on 5 February 2022, is AED 273,333 a year: a gross yield of 5.9% on the 2022 price.

Sales and rents for 40406 over time

Sales
Unit 40406, 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 3,900,841 (AED 2,231 per sqft)Sold, November 2022: AED 4,650,000 (AED 2,659 per sqft)

40406 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 40406, 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, August 2017: AED 190,000 a yearRenewal, August 2018: AED 190,000 a yearNew contract, August 2019: AED 190,000 a yearNew contract, August 2020: AED 150,000 a yearNew contract, August 2021: AED 180,000 a yearRenewal, August 2021: AED 180,000 a yearRenewal, November 2021: AED 200,000 a yearRenewal, February 2022: AED 273,333 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 40406 sits

All 130 2-beds →

40406 last sold in November 2022 at AED 2,659 per sqft, 9% above what two-beds in Five Palm Jumeirah were fetching at the time (AED 2,431). 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. 40406's AED 273,333 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

40406, Five Palm Jumeirah in numbers

  • Sold twice: first on 20 June 2013 for AED 3,900,841, last on 10 November 2022 for AED 4,650,000 (AED 2,659 per sqft).
  • Rented since August 2017 on 8 Ejari contracts. The rent fell from AED 190,000 to AED 150,000 in 2020 and recovered to AED 273,333 by February 2022.
  • At AED 273,333 a year the gross yield on the 2022 price is 5.9%.
  • 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 10 November 2022.

Questions about 40406, Five Palm Jumeirah

What did unit 40406 last sell for?

AED 4,650,000 on 10 November 2022: AED 2,659 per sqft for 1,748 sqft. The unit has 2 registered sales; the first was AED 3,900,841 in June 2013.

What is the rent for unit 40406?

AED 273,333 a year on the contract renewed on 5 February 2022. The previous contract, from November 2021, was AED 200,000; the unit has been rented since August 2017.

How big is unit 40406?

1,748 sqft (162.4 sqm): a two-bedroom apartment on the 4th floor of a 16-storey tower completed in 2016.

What is unit 40406 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 40406, Five Palm Jumeirah

Starts from the last sale price (AED 4.65M, 10 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,650,000
Deposit, UAE resident (20%)
AED 930,000
Deposit, non-resident (40%)
AED 1,860,000
Monthly over 25 years at 3.7%
AED 19,025

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