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2-bed · 2,230 sqftFive Palm Jumeirah, Palm Jumeirah · 5th floor · completed 2016

40509, Five Palm Jumeirah

Sold prices and rental history: sold twice, last in May 2021, and rented once, from March 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40509 · DLD and Ejari recordsUpdated 2 May 2021
Last soldAED 2.55M2 May 2021
Current rentAED 155K /yr18 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 40509, Five Palm Jumeirah

What is 40509 worth today?

Last sold for AED 2,550,000 in 2021

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2 May 2021SoldReady
AED 2,550,000AED 1,143 per sqft
18 Mar 2020RentedNew contract
AED 155,000/yr12 months · AED 70 per sqft
5 Oct 2013Sold by developerOff-plan
AED 4,389,094AED 1,968 per sqft

Source: Dubai Land Department. Updated 2 May 2021.

Key facts

Type
2-bed apartment
Size
2,230 sqft
Floor
5th of 16
Parking
B2-335
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 2.55M · May 2021
Building
Five Palm Jumeirah

About 40509, Five Palm Jumeirah

40509 is a two-bedroom apartment of 2,230 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 2 May 2021 for AED 2,550,000, or AED 1,143 per sqft, 38% below the AED 1,831 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 18 March 2020. The current contract, signed on 18 March 2020, is AED 155,000 a year: a gross yield of 6.1% on the 2021 price.

Sales and rents for 40509 over time

Sales
Unit 40509, each saleTypical two-bed in Five Palm Jumeirah
2M4M6M2013201720212025Typical 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, October 2013: AED 4,389,094 (AED 1,968 per sqft)Sold, May 2021: AED 2,550,000 (AED 1,143 per sqft)

40509 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 40509, 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, March 2020: AED 155,000 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 40509 sits

All 130 2-beds →

40509 last sold in May 2021 at AED 1,143 per sqft, 38% below what two-beds in Five Palm Jumeirah were fetching at the time (AED 1,831). 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. 40509's AED 155,000 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

40509, Five Palm Jumeirah in numbers

  • Sold twice: first on 5 October 2013 for AED 4,389,094, last on 2 May 2021 for AED 2,550,000 (AED 1,143 per sqft).
  • Rented since March 2020 on one Ejari contract, at AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2021 price is 6.1%.
  • 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 2 May 2021.

Questions about 40509, Five Palm Jumeirah

What did unit 40509 last sell for?

AED 2,550,000 on 2 May 2021: AED 1,143 per sqft for 2,230 sqft. The unit has 2 registered sales; the first was AED 4,389,094 in October 2013.

What is the rent for unit 40509?

AED 155,000 a year on the contract signed on 18 March 2020.

How big is unit 40509?

2,230 sqft (207.2 sqm): a two-bedroom apartment on the 5th floor of a 16-storey tower completed in 2016.

What is unit 40509 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 40509, Five Palm Jumeirah

Starts from the last sale price (AED 2.55M, 2 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,550,000
Deposit, UAE resident (20%)
AED 510,000
Deposit, non-resident (40%)
AED 1,020,000
Monthly over 25 years at 3.7%
AED 10,433

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