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1-bed · 1,215 sqftFive Palm Jumeirah, Palm Jumeirah · 9th floor · completed 2016

40908, Five Palm Jumeirah

Sold prices and rental history: sold 3 times, last in November 2022, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40908 · DLD and Ejari recordsUpdated 16 November 2022
Last soldAED 3.17M16 November 2022
Current rentAED 200K /yr22 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 40908, Five Palm Jumeirah

What is 40908 worth today?

Last sold for AED 3,170,000 in 2022

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16 Nov 2022SoldReady
AED 3,170,000AED 2,608 per sqft
22 Aug 2022RentedNew contract
AED 200,000/yr12 months · AED 164 per sqft
22 Aug 2021RentedNew contract
AED 185,000/yr12 months · AED 152 per sqft
7 Mar 2019SoldReady
AED 2,545,320AED 2,094 per sqft
23 Jul 2017RentedNew contract
AED 170,000/yr12 months · AED 140 per sqft
7 Jul 2013Sold by developerOff-plan
AED 2,545,320AED 2,094 per sqft

Source: Dubai Land Department. Updated 16 November 2022.

Key facts

Type
1-bed apartment
Size
1,215 sqft
Floor
9th of 16
Parking
B2-270
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 3.17M · November 2022
Building
Five Palm Jumeirah

About 40908, Five Palm Jumeirah

40908 is a one-bedroom apartment of 1,215 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. It last sold on 16 November 2022 for AED 3,170,000, or AED 2,608 per sqft, in line with the AED 2,687 one-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 22 August 2022, is AED 200,000 a year: a gross yield of 6.3% on the 2022 price.

Sales and rents for 40908 over time

Sales
Unit 40908, each saleTypical one-bed in Five Palm Jumeirah
2M4M2013201720212025Typical sale price by year: 2013 AED 2,825,258; 2014 AED 2,774,705; 2015 AED 4,729,477; 2016 AED 3,206,664; 2017 AED 2,807,500; 2018 AED 2,400,000; 2019 AED 2,606,653; 2020 AED 2,000,000; 2021 AED 2,400,000; 2022 AED 3,050,000; 2023 AED 3,100,000; 2024 AED 2,914,456; 2025 AED 3,600,000Sold by developer, July 2013: AED 2,545,320 (AED 2,094 per sqft)Sold, March 2019: AED 2,545,320 (AED 2,094 per sqft)Sold, November 2022: AED 3,170,000 (AED 2,608 per sqft)

40908 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 40908, each contractTypical one-bed in Five Palm Jumeirah
200K400K2017202020232026Typical rent by year: 2017 AED 170,000; 2018 AED 160,000; 2019 AED 160,000; 2020 AED 140,000; 2021 AED 150,000; 2022 AED 162,500; 2023 AED 250,000; 2024 AED 363,750; 2025 AED 230,000; 2026 AED 210,000New contract, July 2017: AED 170,000 a yearNew contract, August 2021: AED 185,000 a yearNew contract, August 2022: AED 200,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Five Palm Jumeirah, and where 40908 sits

All 141 1-beds →

40908 last sold in November 2022 at AED 2,608 per sqft, in line with what one-beds in Five Palm Jumeirah were fetching at the time (AED 2,687). Over the last 12 months one-beds sold for AED 3,100,000 to 3,600,000, around AED 2,756 per sqft, and rent for AED 170,000 to 260,000 a year. 40908's AED 200,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
20 Oct 20263,600,000
17 Apr 20263,100,000
24 Oct 20253,700,000
24 Jun 20254,000,000
2 1-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

40908, Five Palm Jumeirah in numbers

  • Sold 3 times: first on 7 July 2013 for AED 2,545,320, last on 16 November 2022 for AED 3,170,000 (AED 2,608 per sqft).
  • Rented since July 2017 on 3 Ejari contracts, from AED 170,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2022 price is 6.3%.
  • One-beds in Five Palm Jumeirah sold for AED 3,100,000–3,600,000 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 16 November 2022.

Questions about 40908, Five Palm Jumeirah

What did unit 40908 last sell for?

AED 3,170,000 on 16 November 2022: AED 2,608 per sqft for 1,215 sqft. The unit has 3 registered sales; the first was AED 2,545,320 in July 2013.

What is the rent for unit 40908?

AED 200,000 a year on the contract signed on 22 August 2022. The previous contract, from August 2021, was AED 185,000; the unit has been rented since July 2017.

How big is unit 40908?

1,215 sqft (112.9 sqm): a one-bedroom apartment on the 9th floor of a 16-storey tower completed in 2016.

What is unit 40908 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Five Palm Jumeirah sold for AED 3,100,000 to 3,600,000 in the last 12 months, around AED 2,756 per sqft.

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Mortgage on 40908, Five Palm Jumeirah

Starts from the last sale price (AED 3.17M, 16 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,170,000
Deposit, UAE resident (20%)
AED 634,000
Deposit, non-resident (40%)
AED 1,268,000
Monthly over 25 years at 3.7%
AED 12,969

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