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2-bed · 1,946 sqftFive Palm Jumeirah, Palm Jumeirah · 7th floor · completed 2016

40704, Five Palm Jumeirah

Sold prices and rental history: sold once, by the developer in July 2013, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40704 · DLD and Ejari recordsUpdated 1 August 2026
Last soldAED 4.49M7 July 2013
Current rentAED 400K /yr1 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 40704, Five Palm Jumeirah

What is 40704 worth today?

Last sold for AED 4,491,310 in 2013

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1 Aug 2026RentedNew contract
AED 400,000/yr12 months · AED 206 per sqft
18 Aug 2025RentedNew contract
AED 310,000/yr12 months · AED 159 per sqft
10 Mar 2025RentedNew contract
AED 300,000/yr12 months · AED 154 per sqft
10 Mar 2025RentedNew contract
AED 300,000/yr12 months · AED 154 per sqft
3 Oct 2020RentedNew contract
AED 165,000/yr13 months · AED 85 per sqft
5 Sep 2017RentedNew contract
AED 200,000/yr12 months · AED 103 per sqft
7 Jul 2013Sold by developerOff-plan
AED 4,491,310AED 2,307 per sqft

Source: Dubai Land Department. Updated 1 August 2026.

Key facts

Type
2-bed apartment
Size
1,946 sqft
Floor
7th of 16
Parking
B2-396
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 4.49M · July 2013
Building
Five Palm Jumeirah

About 40704, Five Palm Jumeirah

40704 is a two-bedroom apartment of 1,946 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 7 July 2013 for AED 4,491,310, or AED 2,307 per sqft, in line with the AED 2,275 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 1 August 2026, is AED 400,000 a year: a gross yield of 8.9% on the 2013 price.

Sales and rents for 40704 over time

Sales
Unit 40704, 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 4,491,310 (AED 2,307 per sqft)

40704 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 40704, each contractTypical two-bed in Five Palm Jumeirah
200K400K2017202020232026Typical 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, September 2017: AED 200,000 a yearNew contract, October 2020: AED 165,000 a yearNew contract, March 2025: AED 300,000 a yearNew contract, March 2025: AED 300,000 a yearNew contract, August 2025: AED 310,000 a yearNew contract, August 2026: AED 400,000 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 40704 sits

All 130 2-beds →

40704 last sold in July 2013 at AED 2,307 per sqft, in line with what two-beds in Five Palm Jumeirah were fetching at the time (AED 2,275). 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. 40704's AED 400,000 is in the upper 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 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

40704, Five Palm Jumeirah in numbers

  • Sold once: by SKAI Zaya Real Estate Development on 7 July 2013 for AED 4,491,310, or AED 2,307 per sqft.
  • Rented since September 2017 on 6 Ejari contracts. The rent fell from AED 200,000 to AED 165,000 in 2020 and recovered to AED 400,000 by August 2026.
  • At AED 400,000 a year the gross yield on the 2013 price is 8.9%.
  • 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 August 2026.

Questions about 40704, Five Palm Jumeirah

What did unit 40704 last sell for?

AED 4,491,310 on 7 July 2013, sold by the developer: AED 2,307 per sqft for 1,946 sqft. It is the only registered sale of the unit.

What is the rent for unit 40704?

AED 400,000 a year on the contract signed on 1 August 2026. The previous contract, from August 2025, was AED 310,000; the unit has been rented since September 2017.

How big is unit 40704?

1,946 sqft (180.8 sqm): a two-bedroom apartment on the 7th floor of a 16-storey tower completed in 2016.

What is unit 40704 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 40704, Five Palm Jumeirah

Starts from the last sale price (AED 4.49M, 7 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 4,491,310
Deposit, UAE resident (20%)
AED 898,262
Deposit, non-resident (40%)
AED 1,796,524
Monthly over 25 years at 3.7%
AED 18,375

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