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2-bed · 1,946 sqftFive Palm Jumeirah, Palm Jumeirah · 8th floor · completed 2016

40803, Five Palm Jumeirah

Sold prices and rental history: sold twice, last in March 2019, and rented once, from October 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40803 · DLD and Ejari recordsUpdated 25 March 2019
Last soldAED 3.5M25 March 2019
Current rentAED 240K /yr20 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 40803, Five Palm Jumeirah

What is 40803 worth today?

Last sold for AED 3,500,000 in 2019

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25 Mar 2019SoldReady
AED 3,500,000AED 1,798 per sqft
20 Oct 2018RentedRenewal
AED 240,000/yr12 months · AED 123 per sqft
1 Nov 2015Sold by developerOff-plan
AED 4,542,934AED 2,334 per sqft

Source: Dubai Land Department. Updated 25 March 2019.

Key facts

Type
2-bed apartment
Size
1,946 sqft
Floor
8th of 16
Parking
B2-393
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 3.5M · March 2019
Building
Five Palm Jumeirah

About 40803, Five Palm Jumeirah

40803 is a two-bedroom apartment of 1,946 sqft on the 8th 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 25 March 2019 for AED 3,500,000, or AED 1,798 per sqft, 21% below the AED 2,269 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 October 2018. The current contract, renewed on 20 October 2018, is AED 240,000 a year: a gross yield of 6.9% on the 2019 price.

Sales and rents for 40803 over time

Sales
Unit 40803, 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, November 2015: AED 4,542,934 (AED 2,334 per sqft)Sold, March 2019: AED 3,500,000 (AED 1,798 per sqft)

40803 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 40803, 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 320,000Renewal, October 2018: AED 240,000 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 40803 sits

All 130 2-beds →

40803 last sold in March 2019 at AED 1,798 per sqft, 21% below what two-beds in Five Palm Jumeirah were fetching at the time (AED 2,269). 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. 40803's AED 240,000 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 8th floor

All 699 units in Five Palm Jumeirah
Value
108011-bedAED 2.36M · Sep 2013
10802StudioAED 1.7M · Sep 2013
10803StudioAED 2M · Jun 2023
10804StudioAED 1.71M · Sep 2013
10805StudioAED 1.71M · Jul 2013
10806StudioAED 1.73M · Sep 2013
108071-bedAED 2.74M · Aug 2013
1–7 of 50

40803, Five Palm Jumeirah in numbers

  • Sold twice: first on 1 November 2015 for AED 4,542,934, last on 25 March 2019 for AED 3,500,000 (AED 1,798 per sqft).
  • Rented since October 2018 on one Ejari contract, at AED 240,000 a year.
  • At AED 240,000 a year the gross yield on the 2019 price is 6.9%.
  • 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 25 March 2019.

Questions about 40803, Five Palm Jumeirah

What did unit 40803 last sell for?

AED 3,500,000 on 25 March 2019: AED 1,798 per sqft for 1,946 sqft. The unit has 2 registered sales; the first was AED 4,542,934 in November 2015.

What is the rent for unit 40803?

AED 240,000 a year on the contract renewed on 20 October 2018.

How big is unit 40803?

1,946 sqft (180.8 sqm): a two-bedroom apartment on the 8th floor of a 16-storey tower completed in 2016.

What is unit 40803 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 40803, Five Palm Jumeirah

Starts from the last sale price (AED 3.5M, 25 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 3,500,000
Deposit, UAE resident (20%)
AED 700,000
Deposit, non-resident (40%)
AED 1,400,000
Monthly over 25 years at 3.7%
AED 14,320

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