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2-bed · 1,646 sqftFive Palm Jumeirah, Palm Jumeirah · 7th floor · completed 2016

40707, Five Palm Jumeirah

Sold prices and rental history: sold twice, last in October 2018, and rented once, from December 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40707 · DLD and Ejari recordsUpdated 7 October 2018
Last soldAED 4.58M7 October 2018
Current rentAED 310K /yr8 December 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 40707, Five Palm Jumeirah

What is 40707 worth today?

Last sold for AED 4,580,000 in 2018

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7 Oct 2018SoldReady
AED 4,580,000AED 2,782 per sqft
8 Dec 2017RentedNew contract
AED 310,000/yr12 months · AED 188 per sqft
19 Jun 2013Sold by developerOff-plan
AED 3,922,740AED 2,383 per sqft

Source: Dubai Land Department. Updated 7 October 2018.

Key facts

Type
2-bed apartment
Size
1,646 sqft
Floor
7th of 16
Parking
B2-398
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 4.58M · October 2018
Building
Five Palm Jumeirah

About 40707, Five Palm Jumeirah

40707 is a two-bedroom apartment of 1,646 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. It last sold on 7 October 2018 for AED 4,580,000, or AED 2,782 per sqft, 33% above the AED 2,096 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 8 December 2017. The current contract, signed on 8 December 2017, is AED 310,000 a year: a gross yield of 6.8% on the 2018 price.

Sales and rents for 40707 over time

Sales
Unit 40707, 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, June 2013: AED 3,922,740 (AED 2,383 per sqft)Sold, October 2018: AED 4,580,000 (AED 2,782 per sqft)

40707 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 40707, 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, December 2017: AED 310,000 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 40707 sits

All 130 2-beds →

40707 last sold in October 2018 at AED 2,782 per sqft, 33% above what two-beds in Five Palm Jumeirah were fetching at the time (AED 2,096). 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. 40707's AED 310,000 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 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

40707, Five Palm Jumeirah in numbers

  • Sold twice: first on 19 June 2013 for AED 3,922,740, last on 7 October 2018 for AED 4,580,000 (AED 2,782 per sqft).
  • Rented since December 2017 on one Ejari contract, at AED 310,000 a year.
  • At AED 310,000 a year the gross yield on the 2018 price is 6.8%.
  • 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 7 October 2018.

Questions about 40707, Five Palm Jumeirah

What did unit 40707 last sell for?

AED 4,580,000 on 7 October 2018: AED 2,782 per sqft for 1,646 sqft. The unit has 2 registered sales; the first was AED 3,922,740 in June 2013.

What is the rent for unit 40707?

AED 310,000 a year on the contract signed on 8 December 2017.

How big is unit 40707?

1,646 sqft (152.9 sqm): a two-bedroom apartment on the 7th floor of a 16-storey tower completed in 2016.

What is unit 40707 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 40707, Five Palm Jumeirah

Starts from the last sale price (AED 4.58M, 7 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 4,580,000
Deposit, UAE resident (20%)
AED 916,000
Deposit, non-resident (40%)
AED 1,832,000
Monthly over 25 years at 3.7%
AED 18,738

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