1-bed · 702 sqftPeninsula Five - Tower 3, Business Bay · 16th floor · completed 2024

1606, Peninsula Five - Tower 3

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in June 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1606 · DLD and Ejari recordsUpdated 27 June 2022

Last soldAED 1.4M27 June 2022

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Today's valuefree after one verification

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Property timeline for 1606, Peninsula Five - Tower 3

Today

What is 1606 worth today?

Last sold for AED 1,401,330 in 2022

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27 Jun 2022

27 Jun 2022Sold by developerOff-plan

AED 1,401,330AED 1,995 per sqft

Source: Dubai Land Department. Updated 27 June 2022.

Key facts

Type: 1-bed apartment
Size: 702 sqft
Floor: 16th of 36
Parking: 1
Developer: Select Global Development
Completed: 2024
Last sold: AED 1.4M · June 2022
Building: Peninsula Five - Tower 3

About 1606, Peninsula Five - Tower 3

1606 is a one-bedroom apartment of 702 sqft on the 16th floor of Peninsula Five - Tower 3, a 36-storey tower in Business Bay completed in 2024 by Select Global Development. The developer sold it on 27 June 2022 for AED 1,401,330, or AED 1,995 per sqft, in line with the AED 1,993 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1606 over time

Sales

Unit 1606, each saleTypical one-bed in Peninsula Five - Tower 3

1606 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1606, each contractTypical one-bed in Peninsula Five - Tower 3

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

1-beds in Peninsula Five - Tower 3, and where 1606 sits

All 123 1-beds →

1-beds in Peninsula Five - Tower 3 · last 12 months2,589 /sqft Peninsula Five - Tower 3 · all types2,717 /sqft

1606 last sold in June 2022 at AED 1,995 per sqft, in line with what one-beds in Peninsula Five - Tower 3 were fetching at the time (AED 1,993). Over the last 12 months one-beds sold for AED 1,500,000 to 2,496,071, around AED 2,589 per sqft, and rent for AED 140,000 to 160,000 a year.

Recent 1-bed sales	Size	Price (AED)	Per sqft
17 Feb 202617 February 2026	832 sqft	2,150,000	2,584
10 Feb 202610 February 2026	877 sqft	2,210,000	2,518
21 Jan 202621 January 2026	816 sqft	206,400	253
21 Jan 202621 January 2026	816 sqft	2,450,000	3,003

14 1-bed sales in the last 12 months

Peninsula Five - Tower 3

Building

321 apartments, studios to 3-bed over 36 floors in Business Bay, completed in 2024 by Select Global Development. 26 sold in the last 12 months.

Typical price per sqft: AED 2,717 Up 5.8%
Typical sale: AED 2.21M
Typical rent: AED 140K /yr
Typical yield: 6.4%

Peninsula Five - Tower 3, Business Bay: prices, sales and rents →

Other units on the 16th floor

All 321 units in Peninsula Five - Tower 3


1601	1-bed	820 sqft	AED 1.79MAED 1,788,780 · Jun 2022June 2022	160,000 /yr
1602	2-bed	1,352 sqft	AED 2.86MAED 2,863,140 · Jun 2022June 2022
1603	1-bed	875 sqft	AED 1.74MAED 1,742,160 · Jun 2022June 2022
1604	Studio	517 sqft	AED 1.03MAED 1,027,845 · Jun 2022June 2022
1605	Studio	531 sqft	AED 1.05MAED 1,049,160 · Jun 2022June 2022	100,000 /yr
1607	Studio	541 sqft	AED 1.07MAED 1,069,005 · Jun 2022June 2022
1608	Studio	517 sqft	AED 1.03MAED 1,027,215 · Jun 2022June 2022
1609	1-bed	855 sqft	AED 1.76MAED 1,762,845 · Jun 2022June 2022
1610	2-bed	1,305 sqft	AED 2.76MAED 2,760,240 · Jun 2022June 2022	280,000 /yr
1611	1-bed	812 sqft	AED 1.77MAED 1,772,295 · Jun 2022June 2022

1–7 of 10

1606, Peninsula Five - Tower 3 in numbers

Sold once: by Select Global Development on 27 June 2022 for AED 1,401,330, or AED 1,995 per sqft.
One-beds in Peninsula Five - Tower 3 sold for AED 1,500,000–2,496,071 in the 12 months to November 2026; the building's median across all types is AED 2,717 per sqft.

Source: Dubai Land Department. Updated 27 June 2022.

Questions about 1606, Peninsula Five - Tower 3

What did unit 1606 last sell for?

AED 1,401,330 on 27 June 2022, sold by the developer: AED 1,995 per sqft for 702 sqft. It is the only registered sale of the unit.

How big is unit 1606?

702 sqft (65.2 sqm): a one-bedroom apartment on the 16th floor of a 36-storey tower completed in 2024.

What is unit 1606 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Peninsula Five - Tower 3 sold for AED 1,500,000 to 2,496,071 in the last 12 months, around AED 2,589 per sqft.

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Mortgage on 1606, Peninsula Five - Tower 3

Starts from the last sale price (AED 1.4M, 27 June 2022). Switch to today's estimate once you have unlocked it.

Price: AED 1,401,330
Deposit, UAE resident (20%): AED 280,266
Deposit, non-resident (40%): AED 560,532
Monthly over 25 years at 3.7%: AED 5,733

Plus AED 63,866 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →