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2-bed · 2,231 sqftFive Palm Jumeirah, Palm Jumeirah · 7th floor · completed 2016

40709, Five Palm Jumeirah

Sold prices and rental history: sold 5 times, last in August 2023, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40709 · DLD and Ejari recordsUpdated 27 March 2025
Last soldAED 4.3M23 August 2023
Current rentAED 340K /yr27 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 40709, Five Palm Jumeirah

What is 40709 worth today?

Last sold for AED 4,300,000 in 2023

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27 Mar 2025RentedNew contract
AED 340,000/yr13 months · AED 153 per sqft
27 Mar 2025RentedNew contract
AED 340,000/yr13 months · AED 153 per sqft
19 Jan 2024RentedNew contract
AED 340,000/yr12 months · AED 153 per sqft
23 Aug 2023SoldReady
AED 4,300,000AED 1,927 per sqft
14 Nov 2021SoldReady
AED 1,575,000AED 705 per sqft
20 Jan 2021SoldReady
AED 2,450,000AED 1,098 per sqft
19 Nov 2020SoldReady
AED 2,000,000AED 896 per sqft
19 Jun 2013Sold by developerOff-plan
AED 4,447,615AED 1,993 per sqft

Source: Dubai Land Department. Updated 27 March 2025.

Key facts

Type
2-bed apartment
Size
2,231 sqft
Floor
7th of 16
Parking
B2-428
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 4.3M · August 2023
Building
Five Palm Jumeirah

About 40709, Five Palm Jumeirah

40709 is a two-bedroom apartment of 2,231 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 23 August 2023 for AED 4,300,000, or AED 1,927 per sqft, 32% below the AED 2,842 two-beds in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 27 March 2025, is AED 340,000 a year: a gross yield of 7.9% on the 2023 price.

Sales and rents for 40709 over time

Sales
Unit 40709, each saleTypical two-bed in Five Palm Jumeirah
2.5M5M2013201720212025Typical 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 4,447,615 (AED 1,993 per sqft)Sold, November 2020: AED 2,000,000 (AED 896 per sqft)Sold, January 2021: AED 2,450,000 (AED 1,098 per sqft)Sold, November 2021: AED 1,575,000 (AED 705 per sqft)Sold, August 2023: AED 4,300,000 (AED 1,927 per sqft)

40709 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 40709, 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, January 2024: AED 340,000 a yearNew contract, March 2025: AED 340,000 a yearNew contract, March 2025: AED 340,000 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 40709 sits

All 130 2-beds →

40709 last sold in August 2023 at AED 1,927 per sqft, 32% below what two-beds in Five Palm Jumeirah were fetching at the time (AED 2,842). 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. 40709's AED 340,000 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

40709, Five Palm Jumeirah in numbers

  • Sold 5 times: first on 19 June 2013 for AED 4,447,615, last on 23 August 2023 for AED 4,300,000 (AED 1,927 per sqft).
  • Rented since January 2024 on 3 Ejari contracts, at AED 340,000 a year.
  • At AED 340,000 a year the gross yield on the 2023 price is 7.9%.
  • 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 27 March 2025.

Questions about 40709, Five Palm Jumeirah

What did unit 40709 last sell for?

AED 4,300,000 on 23 August 2023: AED 1,927 per sqft for 2,231 sqft. The unit has 5 registered sales; the first was AED 4,447,615 in June 2013.

What is the rent for unit 40709?

AED 340,000 a year on the contract signed on 27 March 2025. The previous contract, from March 2025, was AED 340,000; the unit has been rented since January 2024.

How big is unit 40709?

2,231 sqft (207.3 sqm): a two-bedroom apartment on the 7th floor of a 16-storey tower completed in 2016.

What is unit 40709 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 40709, Five Palm Jumeirah

Starts from the last sale price (AED 4.3M, 23 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,300,000
Deposit, UAE resident (20%)
AED 860,000
Deposit, non-resident (40%)
AED 1,720,000
Monthly over 25 years at 3.7%
AED 17,593

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