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2-bed · 1,745 sqftFive Palm Jumeirah, Palm Jumeirah · 6th floor · completed 2016

40606, Five Palm Jumeirah

Sold prices and rental history: sold 3 times, last in September 2022, and rented once, from February 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40606 · DLD and Ejari recordsUpdated 15 September 2022
Last soldAED 4.7M15 September 2022
Current rentAED 190K /yr1 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 40606, Five Palm Jumeirah

What is 40606 worth today?

Last sold for AED 4,700,000 in 2022

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15 Sep 2022SoldReady
AED 4,700,000AED 2,693 per sqft
23 Mar 2022SoldReady
AED 3,660,000AED 2,097 per sqft
1 Feb 2020RentedNew contract
AED 190,000/yr12 months · AED 109 per sqft
16 Jul 2013Sold by developerOff-plan
AED 3,992,626AED 2,288 per sqft

Source: Dubai Land Department. Updated 15 September 2022.

Key facts

Type
2-bed apartment
Size
1,745 sqft
Floor
6th of 16
Parking
B2-360
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 4.7M · September 2022
Building
Five Palm Jumeirah

About 40606, Five Palm Jumeirah

40606 is a two-bedroom apartment of 1,745 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 15 September 2022 for AED 4,700,000, or AED 2,693 per sqft, 14% above the AED 2,356 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 February 2020. The current contract, signed on 1 February 2020, is AED 190,000 a year: a gross yield of 4.0% on the 2022 price.

Sales and rents for 40606 over time

Sales
Unit 40606, 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 3,992,626 (AED 2,288 per sqft)Sold, March 2022: AED 3,660,000 (AED 2,097 per sqft)Sold, September 2022: AED 4,700,000 (AED 2,693 per sqft)

40606 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 40606, 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, February 2020: AED 190,000 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 40606 sits

All 130 2-beds →

40606 last sold in September 2022 at AED 2,693 per sqft, 14% above what two-beds in Five Palm Jumeirah were fetching at the time (AED 2,356). 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. 40606's AED 190,000 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 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

40606, Five Palm Jumeirah in numbers

  • Sold 3 times: first on 16 July 2013 for AED 3,992,626, last on 15 September 2022 for AED 4,700,000 (AED 2,693 per sqft).
  • Rented since February 2020 on one Ejari contract, at AED 190,000 a year.
  • At AED 190,000 a year the gross yield on the 2022 price is 4.0%.
  • 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 15 September 2022.

Questions about 40606, Five Palm Jumeirah

What did unit 40606 last sell for?

AED 4,700,000 on 15 September 2022: AED 2,693 per sqft for 1,745 sqft. The unit has 3 registered sales; the first was AED 3,992,626 in July 2013.

What is the rent for unit 40606?

AED 190,000 a year on the contract signed on 1 February 2020.

How big is unit 40606?

1,745 sqft (162.1 sqm): a two-bedroom apartment on the 6th floor of a 16-storey tower completed in 2016.

What is unit 40606 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 40606, Five Palm Jumeirah

Starts from the last sale price (AED 4.7M, 15 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,700,000
Deposit, UAE resident (20%)
AED 940,000
Deposit, non-resident (40%)
AED 1,880,000
Monthly over 25 years at 3.7%
AED 19,229

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