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2-bed · 1,745 sqftFive Palm Jumeirah, Palm Jumeirah · 9th floor · completed 2016

40906, 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 40906 · DLD and Ejari recordsUpdated 22 July 2024
Last soldAED 4.13M21 July 2013
Current rentAED 290K /yr22 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 40906, Five Palm Jumeirah

What is 40906 worth today?

Last sold for AED 4,130,303 in 2013

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22 Jul 2024RentedNew contract
AED 290,000/yr12 months · AED 166 per sqft
11 Mar 2022RentedNew contract
AED 230,000/yr12 months · AED 132 per sqft
26 Feb 2019RentedNew contract
AED 219,370/yr12 months · AED 126 per sqft
1 Jun 2018RentedNew contract
AED 225,000/yr12 months · AED 129 per sqft
1 May 2017RentedNew contract
AED 234,370/yr12 months · AED 134 per sqft
21 Jul 2013Sold by developerOff-plan
AED 4,130,303AED 2,367 per sqft

Source: Dubai Land Department. Updated 22 July 2024.

Key facts

Type
2-bed apartment
Size
1,745 sqft
Floor
9th of 16
Parking
B2-268
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 4.13M · July 2013
Building
Five Palm Jumeirah

About 40906, Five Palm Jumeirah

40906 is a two-bedroom apartment of 1,745 sqft on the 9th 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 21 July 2013 for AED 4,130,303, or AED 2,367 per sqft, 3% above the AED 2,288 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 22 July 2024, is AED 290,000 a year: a gross yield of 7.0% on the 2013 price.

Sales and rents for 40906 over time

Sales
Unit 40906, 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 4,130,303 (AED 2,367 per sqft)

40906 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 40906, 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, May 2017: AED 234,370 a yearNew contract, June 2018: AED 225,000 a yearNew contract, February 2019: AED 219,370 a yearNew contract, March 2022: AED 230,000 a yearNew contract, July 2024: AED 290,000 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 40906 sits

All 130 2-beds →

40906 last sold in July 2013 at AED 2,367 per sqft, 3% above what two-beds in Five Palm Jumeirah were fetching at the time (AED 2,288). 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. 40906's AED 290,000 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 9th floor

All 699 units in Five Palm Jumeirah
Value
109011-bedAED 2.36M · Jul 2013
10902StudioAED 1.4M · Sep 2013
10903StudioAED 1.88M · Oct 2013
10904StudioAED 1.54M · Mar 2022
10905StudioAED 1.71M · Sep 2013
10906StudioAED 1.73M · Sep 2013
109071-bedAED 2.74M · Aug 2013
1–7 of 50

40906, Five Palm Jumeirah in numbers

  • Sold once: by SKAI Zaya Real Estate Development on 21 July 2013 for AED 4,130,303, or AED 2,367 per sqft.
  • Rented since May 2017 on 5 Ejari contracts, from AED 234,370 to AED 290,000 a year.
  • At AED 290,000 a year the gross yield on the 2013 price is 7.0%.
  • 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 22 July 2024.

Questions about 40906, Five Palm Jumeirah

What did unit 40906 last sell for?

AED 4,130,303 on 21 July 2013, sold by the developer: AED 2,367 per sqft for 1,745 sqft. It is the only registered sale of the unit.

What is the rent for unit 40906?

AED 290,000 a year on the contract signed on 22 July 2024. The previous contract, from March 2022, was AED 230,000; the unit has been rented since May 2017.

How big is unit 40906?

1,745 sqft (162.1 sqm): a two-bedroom apartment on the 9th floor of a 16-storey tower completed in 2016.

What is unit 40906 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 40906, Five Palm Jumeirah

Starts from the last sale price (AED 4.13M, 21 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 4,130,303
Deposit, UAE resident (20%)
AED 826,061
Deposit, non-resident (40%)
AED 1,652,121
Monthly over 25 years at 3.7%
AED 16,898

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