4-bed · 5,328 sqftFive Palm Jumeirah, Palm Jumeirah · 7th floor · completed 2016

40701, Five Palm Jumeirah

Sold prices and rental history: sold once, by the developer in February 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40701 · DLD and Ejari recordsUpdated 4 February 2018
Last soldAED 7M4 February 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 40701, Five Palm Jumeirah

What is 40701 worth today?

Last sold for AED 7,000,000 in 2018

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4 Feb 2018Sold by developerReady
AED 7,000,000AED 1,313 per sqft

Source: Dubai Land Department. Updated 4 February 2018.

Key facts

Type
4-bed apartment
Size
5,328 sqft
Floor
7th of 16
Parking
B2-488, B2-489,B2-490
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 7M · February 2018

About 40701, Five Palm Jumeirah

40701 is a four-bedroom apartment of 5,328 sqft on the 7th floor of Five Palm Jumeirah, a 16-storey tower in Palm Jumeirah completed in 2016 by SKAI Zaya Real Estate Development. The developer sold it on 4 February 2018 for AED 7,000,000, or AED 1,313 per sqft, in line with the AED 1,314 four-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 40701 over time

Sales
Unit 40701, each saleTypical four-bed in Five Palm Jumeirah
10M20M20132016201920222025Typical sale price by year: 2013 AED 12,989,326; 2014 AED 14,962,304; 2015 AED 13,532,889; 2016 AED 14,700,000; 2017 AED 12,715,867; 2018 AED 8,500,000; 2021 AED 14,150,000; 2024 AED 22,000,000Sold by developer, February 2018: AED 7,000,000 (AED 1,313 per sqft)

40701 has sold once; the dashed line is the four-bed median of each year in the building.

Rents
Unit 40701, each contractTypical four-bed in Five Palm Jumeirah
500K1M1.5M2017201920212023Typical rent by year: 2017 AED 680,000; 2018 AED 650,000; 2019 AED 650,000; 2020 AED 970,000; 2021 AED 700,000; 2022 AED 1,500,000

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in Five Palm Jumeirah, and where 40701 sits

All 30 4-beds →

40701 last sold in February 2018 at AED 1,313 per sqft, in line with what four-beds in Five Palm Jumeirah were fetching at the time (AED 1,314). Over the last 12 months four-beds sold for AED 13,250,000, around AED 3,232 per sqft, and rent for AED 1,400,000 to 1,400,000 a year.

Recent 4-bed salesUnit no.Price (AED)Summary
26 Feb 202613,250,000
6 May 202520,000,000
21 Jan 202522,500,000
14 Oct 202422,000,000
1 4-bed sale 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 7th floor

All 699 units in Five Palm Jumeirah
Value
107011-bedAED 2.36M · Mar 2016
10702StudioAED 1.13M · Nov 2020
10703StudioAED 1.71M · Jul 2013
10704StudioAED 2M · Jun 2017
10705StudioAED 1.77M · Nov 2013
10706StudioAED 1.73M · Oct 2013
107071-bedAED 2.74M · Aug 2013
1–7 of 52

40701, Five Palm Jumeirah in numbers

  • Sold once: by SKAI Zaya Real Estate Development on 4 February 2018 for AED 7,000,000, or AED 1,313 per sqft.
  • Four-beds in Five Palm Jumeirah sold for AED 13,250,000–13,250,000 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 4 February 2018.

Questions about 40701, Five Palm Jumeirah

What did unit 40701 last sell for?

AED 7,000,000 on 4 February 2018, sold by the developer: AED 1,313 per sqft for 5,328 sqft. It is the only registered sale of the unit.

How big is unit 40701?

5,328 sqft (495.0 sqm): a four-bedroom apartment on the 7th floor of a 16-storey tower completed in 2016.

What is unit 40701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Five Palm Jumeirah sold for AED 13,250,000 to 13,250,000 in the last 12 months, around AED 3,232 per sqft.

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Mortgage on 40701, Five Palm Jumeirah

Starts from the last sale price (AED 7M, 4 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 7,000,000
Deposit, UAE resident (20%)
AED 1,400,000
Deposit, non-resident (40%)
AED 2,800,000
Monthly over 25 years at 3.7%
AED 28,639

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