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2-bed · 1,748 sqftFive Palm Jumeirah, Palm Jumeirah · 5th floor · completed 2016

40506, Five Palm Jumeirah

Sold prices and rental history: sold twice, last in May 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40506 · DLD and Ejari recordsUpdated 31 May 2022
Last soldAED 4.15M31 May 2022
Current rentAED 158K /yr15 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 40506, Five Palm Jumeirah

What is 40506 worth today?

Last sold for AED 4,150,000 in 2022

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31 May 2022SoldReady
AED 4,150,000AED 2,373 per sqft
15 Sep 2021RentedRenewal
AED 157,500/yr12 months · AED 90 per sqft
15 Sep 2020RentedNew contract
AED 150,000/yr12 months · AED 86 per sqft
5 Jul 2019RentedNew contract
AED 205,000/yr12 months · AED 118 per sqft
4 Jun 2018RentedNew contract
AED 225,000/yr12 months · AED 129 per sqft
13 Nov 2013Sold by developerOff-plan
AED 3,946,734AED 2,257 per sqft

Source: Dubai Land Department. Updated 31 May 2022.

Key facts

Type
2-bed apartment
Size
1,748 sqft
Floor
5th of 16
Parking
B2-358
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 4.15M · May 2022
Building
Five Palm Jumeirah

About 40506, Five Palm Jumeirah

40506 is a two-bedroom apartment of 1,748 sqft on the 5th 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 31 May 2022 for AED 4,150,000, or AED 2,373 per sqft, 7% above the AED 2,225 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 15 September 2021, is AED 157,500 a year: a gross yield of 3.8% on the 2022 price.

Sales and rents for 40506 over time

Sales
Unit 40506, 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, November 2013: AED 3,946,734 (AED 2,257 per sqft)Sold, May 2022: AED 4,150,000 (AED 2,373 per sqft)

40506 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 40506, 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, June 2018: AED 225,000 a yearNew contract, July 2019: AED 205,000 a yearNew contract, September 2020: AED 150,000 a yearRenewal, September 2021: AED 157,500 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 40506 sits

All 130 2-beds →

40506 last sold in May 2022 at AED 2,373 per sqft, 7% above what two-beds in Five Palm Jumeirah were fetching at the time (AED 2,225). 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. 40506's AED 157,500 is at the bottom 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 5th floor

All 699 units in Five Palm Jumeirah
Value
105011-bedAED 1.45M · Jul 2018
10502StudioAED 1.15M · Sep 2018
10503StudioAED 1.71M · Jul 2013
10504StudioAED 1.71M · Jul 2013
10505StudioAED 1.71M · Jul 2013
10506StudioAED 1.73M · Jul 2013
105071-bedAED 2.74M · Aug 2013
1–7 of 52

40506, Five Palm Jumeirah in numbers

  • Sold twice: first on 13 November 2013 for AED 3,946,734, last on 31 May 2022 for AED 4,150,000 (AED 2,373 per sqft).
  • Rented since June 2018 on 4 Ejari contracts, from AED 225,000 to AED 157,500 a year.
  • At AED 157,500 a year the gross yield on the 2022 price is 3.8%.
  • 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 31 May 2022.

Questions about 40506, Five Palm Jumeirah

What did unit 40506 last sell for?

AED 4,150,000 on 31 May 2022: AED 2,373 per sqft for 1,748 sqft. The unit has 2 registered sales; the first was AED 3,946,734 in November 2013.

What is the rent for unit 40506?

AED 157,500 a year on the contract renewed on 15 September 2021. The previous contract, from September 2020, was AED 150,000; the unit has been rented since June 2018.

How big is unit 40506?

1,748 sqft (162.4 sqm): a two-bedroom apartment on the 5th floor of a 16-storey tower completed in 2016.

What is unit 40506 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 40506, Five Palm Jumeirah

Starts from the last sale price (AED 4.15M, 31 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,150,000
Deposit, UAE resident (20%)
AED 830,000
Deposit, non-resident (40%)
AED 1,660,000
Monthly over 25 years at 3.7%
AED 16,979

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