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1-bed · 1,222 sqftFive Palm Jumeirah, Palm Jumeirah · 6th floor · completed 2016

40602, Five Palm Jumeirah

Sold prices and rental history: sold twice, last in December 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40602 · DLD and Ejari recordsUpdated 19 December 2016
Last soldAED 2.95M19 December 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 40602, Five Palm Jumeirah

What is 40602 worth today?

Last sold for AED 2,950,000 in 2016

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19 Dec 2016SoldOff-plan
AED 2,950,000AED 2,413 per sqft
1 Jul 2013Sold by developerOff-plan
AED 2,055,077AED 1,681 per sqft

Source: Dubai Land Department. Updated 19 December 2016.

Key facts

Type
1-bed apartment
Size
1,222 sqft
Floor
6th of 16
Parking
B2-416
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 2.95M · December 2016
Building
Five Palm Jumeirah

About 40602, Five Palm Jumeirah

40602 is a one-bedroom apartment of 1,222 sqft on the 6th 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 19 December 2016 for AED 2,950,000, or AED 2,413 per sqft, 13% below the AED 2,762 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 40602 over time

Sales
Unit 40602, 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 2,055,077 (AED 1,681 per sqft)Sold, December 2016: AED 2,950,000 (AED 2,413 per sqft)

40602 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 40602, 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 210,000

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 40602 sits

All 141 1-beds →

40602 last sold in December 2016 at AED 2,413 per sqft, 13% below what one-beds in Five Palm Jumeirah were fetching at the time (AED 2,762). 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.

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 6th floor

All 699 units in Five Palm Jumeirah
Value
106011-bedAED 2.36M · Jul 2013
10602StudioAED 1.47M · Jan 2022
10603StudioAED 1.71M · Jul 2013
10604StudioAED 1.71M · May 2014
10605StudioAED 1.71M · Jul 2013
10606StudioAED 1.73M · Oct 2013
106071-bedAED 2.74M · Aug 2013
1–7 of 52

40602, Five Palm Jumeirah in numbers

  • Sold twice: first on 1 July 2013 for AED 2,055,077, last on 19 December 2016 for AED 2,950,000 (AED 2,413 per sqft).
  • 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 19 December 2016.

Questions about 40602, Five Palm Jumeirah

What did unit 40602 last sell for?

AED 2,950,000 on 19 December 2016: AED 2,413 per sqft for 1,222 sqft. The unit has 2 registered sales; the first was AED 2,055,077 in July 2013.

How big is unit 40602?

1,222 sqft (113.5 sqm): a one-bedroom apartment on the 6th floor of a 16-storey tower completed in 2016.

What is unit 40602 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 40602, Five Palm Jumeirah

Starts from the last sale price (AED 2.95M, 19 December 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,950,000
Deposit, UAE resident (20%)
AED 590,000
Deposit, non-resident (40%)
AED 1,180,000
Monthly over 25 years at 3.7%
AED 12,069

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