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1-bed · 1,216 sqftFive Palm Jumeirah, Palm Jumeirah · 5th floor · completed 2016

40508, Five Palm Jumeirah

Sold prices and rental history: sold 4 times, last in May 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40508 · DLD and Ejari recordsUpdated 30 May 2022
Last soldAED 2.7M30 May 2022
Current rentAED 145K /yr19 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 40508, Five Palm Jumeirah

What is 40508 worth today?

Last sold for AED 2,700,000 in 2022

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30 May 2022SoldReady
AED 2,700,000AED 2,221 per sqft
13 Apr 2021SoldReady
AED 2,050,000AED 1,686 per sqft
19 Feb 2021RentedNew contract
AED 145,000/yr12 months · AED 119 per sqft
19 Mar 2020SoldReady
AED 2,000,000AED 1,645 per sqft
20 Aug 2019RentedRenewal
AED 160,000/yr12 months · AED 132 per sqft
20 Aug 2018RentedRenewal
AED 160,000/yr12 months · AED 132 per sqft
20 Aug 2017RentedNew contract
AED 160,000/yr12 months · AED 132 per sqft
7 Jul 2013Sold by developerOff-plan
AED 2,422,654AED 1,993 per sqft

Source: Dubai Land Department. Updated 30 May 2022.

Key facts

Type
1-bed apartment
Size
1,216 sqft
Floor
5th of 16
Parking
B2-359
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 2.7M · May 2022
Building
Five Palm Jumeirah

About 40508, Five Palm Jumeirah

40508 is a one-bedroom apartment of 1,216 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 30 May 2022 for AED 2,700,000, or AED 2,221 per sqft, in line with the AED 2,222 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 19 February 2021, is AED 145,000 a year: a gross yield of 5.4% on the 2022 price.

Sales and rents for 40508 over time

Sales
Unit 40508, 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 2,422,654 (AED 1,993 per sqft)Sold, March 2020: AED 2,000,000 (AED 1,645 per sqft)Sold, April 2021: AED 2,050,000 (AED 1,686 per sqft)Sold, May 2022: AED 2,700,000 (AED 2,221 per sqft)

40508 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 40508, 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 160,000 a yearNew contract, February 2021: AED 145,000 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 40508 sits

All 141 1-beds →

40508 last sold in May 2022 at AED 2,221 per sqft, in line with what one-beds in Five Palm Jumeirah were fetching at the time (AED 2,222). 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. 40508's AED 145,000 is at the bottom 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 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

40508, Five Palm Jumeirah in numbers

  • Sold 4 times: first on 7 July 2013 for AED 2,422,654, last on 30 May 2022 for AED 2,700,000 (AED 2,221 per sqft).
  • Rented since August 2017 on 4 Ejari contracts, from AED 160,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2022 price is 5.4%.
  • 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 30 May 2022.

Questions about 40508, Five Palm Jumeirah

What did unit 40508 last sell for?

AED 2,700,000 on 30 May 2022: AED 2,221 per sqft for 1,216 sqft. The unit has 4 registered sales; the first was AED 2,422,654 in July 2013.

What is the rent for unit 40508?

AED 145,000 a year on the contract signed on 19 February 2021. The previous contract, from August 2019, was AED 160,000; the unit has been rented since August 2017.

How big is unit 40508?

1,216 sqft (113.0 sqm): a one-bedroom apartment on the 5th floor of a 16-storey tower completed in 2016.

What is unit 40508 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 40508, Five Palm Jumeirah

Starts from the last sale price (AED 2.7M, 30 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

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