Home
Dubai prices
About
Blog
2-bed · 1,646 sqftFive Palm Jumeirah, Palm Jumeirah · 5th floor · completed 2016

40507, Five Palm Jumeirah

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

Unit 40507 · DLD and Ejari recordsUpdated 10 February 2020
Last soldAED 3.1M7 February 2018
Current rentAED 210K /yr10 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 40507

Property timeline for 40507, Five Palm Jumeirah

What is 40507 worth today?

Last sold for AED 3,100,000 in 2018

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

10 Feb 2020RentedNew contract
AED 210,000/yr12 months · AED 128 per sqft
17 Nov 2019RentedNew contract
AED 210,000/yr12 months · AED 128 per sqft
15 Sep 2018RentedNew contract
AED 240,000/yr12 months · AED 146 per sqft
7 Feb 2018SoldReady
AED 3,100,000AED 1,883 per sqft
14 Jul 2013Sold by developerOff-plan
AED 3,835,568AED 2,330 per sqft

Source: Dubai Land Department. Updated 10 February 2020.

Key facts

Type
2-bed apartment
Size
1,646 sqft
Floor
5th of 16
Parking
B2-336
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 3.1M · February 2018
Building
Five Palm Jumeirah

About 40507, Five Palm Jumeirah

40507 is a two-bedroom apartment of 1,646 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 7 February 2018 for AED 3,100,000, or AED 1,883 per sqft, 17% below the AED 2,268 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 10 February 2020, is AED 210,000 a year: a gross yield of 6.8% on the 2018 price.

Sales and rents for 40507 over time

Sales
Unit 40507, 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 3,835,568 (AED 2,330 per sqft)Sold, February 2018: AED 3,100,000 (AED 1,883 per sqft)

40507 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 40507, 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, September 2018: AED 240,000 a yearNew contract, November 2019: AED 210,000 a yearNew contract, February 2020: 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 40507 sits

All 130 2-beds →

40507 last sold in February 2018 at AED 1,883 per sqft, 17% below what two-beds in Five Palm Jumeirah were fetching at the time (AED 2,268). 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. 40507'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 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

40507, Five Palm Jumeirah in numbers

  • Sold twice: first on 14 July 2013 for AED 3,835,568, last on 7 February 2018 for AED 3,100,000 (AED 1,883 per sqft).
  • Rented since September 2018 on 3 Ejari contracts, from AED 240,000 to AED 210,000 a year.
  • At AED 210,000 a year the gross yield on the 2018 price is 6.8%.
  • 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 10 February 2020.

Questions about 40507, Five Palm Jumeirah

What did unit 40507 last sell for?

AED 3,100,000 on 7 February 2018: AED 1,883 per sqft for 1,646 sqft. The unit has 2 registered sales; the first was AED 3,835,568 in July 2013.

What is the rent for unit 40507?

AED 210,000 a year on the contract signed on 10 February 2020. The previous contract, from November 2019, was AED 210,000; the unit has been rented since September 2018.

How big is unit 40507?

1,646 sqft (152.9 sqm): a two-bedroom apartment on the 5th floor of a 16-storey tower completed in 2016.

What is unit 40507 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.

Selling 40507? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 40507, Five Palm Jumeirah

Starts from the last sale price (AED 3.1M, 7 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 3,100,000
Deposit, UAE resident (20%)
AED 620,000
Deposit, non-resident (40%)
AED 1,240,000
Monthly over 25 years at 3.7%
AED 12,683

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