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2-bed · 2,075 sqftFive Palm Jumeirah, Palm Jumeirah · 6th floor · completed 2016

40603, Five Palm Jumeirah

Sold prices and rental history: sold twice, last in February 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40603 · DLD and Ejari recordsUpdated 1 February 2017
Last soldAED 4.85M1 February 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 40603, Five Palm Jumeirah

What is 40603 worth today?

Last sold for AED 4,850,000 in 2017

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1 Feb 2017SoldOff-plan
AED 4,850,000AED 2,336 per sqft
1 Jul 2013Sold by developerOff-plan
AED 3,533,986AED 1,702 per sqft

Source: Dubai Land Department. Updated 1 February 2017.

Key facts

Type
2-bed apartment
Size
2,075 sqft
Floor
6th of 16
Parking
B2-491
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 4.85M · February 2017
Building
Five Palm Jumeirah

About 40603, Five Palm Jumeirah

40603 is a two-bedroom apartment of 2,075 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 1 February 2017 for AED 4,850,000, or AED 2,336 per sqft, 8% below the AED 2,542 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 40603 over time

Sales
Unit 40603, 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 3,533,986 (AED 1,702 per sqft)Sold, February 2017: AED 4,850,000 (AED 2,336 per sqft)

40603 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 40603, 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 320,000

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 40603 sits

All 130 2-beds →

40603 last sold in February 2017 at AED 2,336 per sqft, 8% below what two-beds in Five Palm Jumeirah were fetching at the time (AED 2,542). 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.

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 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

40603, Five Palm Jumeirah in numbers

  • Sold twice: first on 1 July 2013 for AED 3,533,986, last on 1 February 2017 for AED 4,850,000 (AED 2,336 per sqft).
  • 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 1 February 2017.

Questions about 40603, Five Palm Jumeirah

What did unit 40603 last sell for?

AED 4,850,000 on 1 February 2017: AED 2,336 per sqft for 2,075 sqft. The unit has 2 registered sales; the first was AED 3,533,986 in July 2013.

How big is unit 40603?

2,075 sqft (192.8 sqm): a two-bedroom apartment on the 6th floor of a 16-storey tower completed in 2016.

What is unit 40603 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 40603, Five Palm Jumeirah

Starts from the last sale price (AED 4.85M, 1 February 2017). Switch to today's estimate once you have unlocked it.
Price
AED 4,850,000
Deposit, UAE resident (20%)
AED 970,000
Deposit, non-resident (40%)
AED 1,940,000
Monthly over 25 years at 3.7%
AED 19,843

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