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1-bed · 1,215 sqftFive Palm Jumeirah, Palm Jumeirah · 4th floor · completed 2016

40408, Five Palm Jumeirah

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

Unit 40408 · DLD and Ejari recordsUpdated 15 May 2023
Last soldAED 3.3M12 May 2023
Current rentAED 250K /yr15 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 40408, Five Palm Jumeirah

What is 40408 worth today?

Last sold for AED 3,300,000 in 2023

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15 May 2023RentedNew contract
AED 250,000/yr12 months · AED 206 per sqft
12 May 2023SoldReady
AED 3,300,000AED 2,715 per sqft
16 Apr 2022RentedRenewal
AED 148,000/yr12 months · AED 122 per sqft
16 Apr 2021RentedNew contract
AED 148,000/yr12 months · AED 122 per sqft
1 Aug 2019RentedRenewal
AED 150,000/yr12 months · AED 123 per sqft
1 Aug 2018RentedRenewal
AED 160,000/yr12 months · AED 132 per sqft
1 Aug 2017RentedNew contract
AED 160,000/yr12 months · AED 132 per sqft
7 Jul 2013Sold by developerOff-plan
AED 2,391,987AED 1,968 per sqft

Source: Dubai Land Department. Updated 15 May 2023.

Key facts

Type
1-bed apartment
Size
1,215 sqft
Floor
4th of 16
Parking
B2-420
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 3.3M · May 2023
Building
Five Palm Jumeirah

About 40408, Five Palm Jumeirah

40408 is a one-bedroom apartment of 1,215 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 12 May 2023 for AED 3,300,000, or AED 2,715 per sqft, in line with the AED 2,744 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 15 May 2023, is AED 250,000 a year: a gross yield of 7.6% on the 2023 price.

Sales and rents for 40408 over time

Sales
Unit 40408, each saleTypical one-bed in Five Palm Jumeirah
2M4M2013201720212025Typical sale price by year: 2013 AED 2,825,258; 2014 AED 2,774,705; 2015 AED 4,729,477; 2016 AED 3,206,664; 2017 AED 2,807,500; 2018 AED 2,400,000; 2019 AED 2,606,653; 2020 AED 2,000,000; 2021 AED 2,400,000; 2022 AED 3,050,000; 2023 AED 3,100,000; 2024 AED 2,914,456; 2025 AED 3,600,000Sold by developer, July 2013: AED 2,391,987 (AED 1,968 per sqft)Sold, May 2023: AED 3,300,000 (AED 2,715 per sqft)

40408 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 40408, each contractTypical one-bed in Five Palm Jumeirah
200K400K2017202020232026Typical rent by year: 2017 AED 170,000; 2018 AED 160,000; 2019 AED 160,000; 2020 AED 140,000; 2021 AED 150,000; 2022 AED 162,500; 2023 AED 250,000; 2024 AED 363,750; 2025 AED 230,000; 2026 AED 210,000New contract, August 2017: AED 160,000 a yearRenewal, August 2018: AED 160,000 a yearRenewal, August 2019: AED 150,000 a yearNew contract, April 2021: AED 148,000 a yearRenewal, April 2022: AED 148,000 a yearNew contract, May 2023: AED 250,000 a year

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

1-beds in Five Palm Jumeirah, and where 40408 sits

All 141 1-beds →

40408 last sold in May 2023 at AED 2,715 per sqft, in line with what one-beds in Five Palm Jumeirah were fetching at the time (AED 2,744). Over the last 12 months one-beds sold for AED 3,100,000 to 3,600,000, around AED 2,756 per sqft, and rent for AED 170,000 to 260,000 a year. 40408's AED 250,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
20 Oct 20263,600,000
17 Apr 20263,100,000
24 Oct 20253,700,000
24 Jun 20254,000,000
2 1-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

40408, Five Palm Jumeirah in numbers

  • Sold twice: first on 7 July 2013 for AED 2,391,987, last on 12 May 2023 for AED 3,300,000 (AED 2,715 per sqft).
  • Rented since August 2017 on 6 Ejari contracts, from AED 160,000 to AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2023 price is 7.6%.
  • One-beds in Five Palm Jumeirah sold for AED 3,100,000–3,600,000 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 15 May 2023.

Questions about 40408, Five Palm Jumeirah

What did unit 40408 last sell for?

AED 3,300,000 on 12 May 2023: AED 2,715 per sqft for 1,215 sqft. The unit has 2 registered sales; the first was AED 2,391,987 in July 2013.

What is the rent for unit 40408?

AED 250,000 a year on the contract signed on 15 May 2023. The previous contract, from April 2022, was AED 148,000; the unit has been rented since August 2017.

How big is unit 40408?

1,215 sqft (112.9 sqm): a one-bedroom apartment on the 4th floor of a 16-storey tower completed in 2016.

What is unit 40408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Five Palm Jumeirah sold for AED 3,100,000 to 3,600,000 in the last 12 months, around AED 2,756 per sqft.

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Mortgage on 40408, Five Palm Jumeirah

Starts from the last sale price (AED 3.3M, 12 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,300,000
Deposit, UAE resident (20%)
AED 660,000
Deposit, non-resident (40%)
AED 1,320,000
Monthly over 25 years at 3.7%
AED 13,501

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