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Penthouse · 2,948 sqftCayan Tower, Dubai Marina · 55th floor · completed 2013

5506, Cayan Tower

Sold prices and rental history: sold 3 times, last in October 2013, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5506 · DLD and Ejari recordsUpdated 24 October 2016
Last soldAED 3.2M3 October 2013
Current rentAED 300K /yr24 October 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 5506, Cayan Tower

What is 5506 worth today?

Last sold for AED 3,200,000 in 2013

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24 Oct 2016RentedNew contract
AED 300,000/yr36 months · AED 102 per sqft
24 Oct 2013RentedNew contract · flagged as an outlier
AED 50,000/yr36 months · AED 17 per sqft
3 Oct 2013SoldReady
AED 3,200,000AED 1,085 per sqft
5 Sep 2013SoldOff-plan
AED 6,200,000AED 2,103 per sqft
10 Apr 2012Sold by developerOff-plan
AED 3,200,000AED 1,085 per sqft

Source: Dubai Land Department. Updated 24 October 2016.

Key facts

Type
Penthouse apartment
Size
2,948 sqft
Floor
55th of 73
Parking
P5-588 , P5-589
Developer
Cayan Real Estate Investment & Development
Completed
2013
Service charge
AED 63,200 /yr
Last sold
AED 3.2M · October 2013
Building
Cayan Tower

About 5506, Cayan Tower

5506 is a penthouse of 2,948 sqft on the 55th floor of Cayan Tower, a 73-storey tower in Dubai Marina completed in 2013 by Cayan Real Estate Investment & Development. It last sold on 3 October 2013 for AED 3,200,000, or AED 1,085 per sqft, 22% below the AED 1,400 penthouses in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 24 October 2016, is AED 300,000 a year: a gross yield of 9.4% on the 2013 price, before the service charge of about AED 63,200 a year.

Sales and rents for 5506 over time

Sales
Unit 5506, each saleTypical penthouse in Cayan Tower
5M2009201420192024Typical sale price by year: 2009 AED 4,099,590; 2011 AED 3,162,149; 2012 AED 2,898,636; 2013 AED 3,162,149; 2014 AED 4,125,000; 2015 AED 4,768,500; 2016 AED 3,150,000; 2017 AED 3,000,000; 2018 AED 2,209,435; 2021 AED 3,200,000; 2022 AED 3,175,000; 2023 AED 4,300,000; 2024 AED 5,150,000; 2025 AED 7,975,000Sold by developer, April 2012: AED 3,200,000 (AED 1,085 per sqft)Sold, September 2013: AED 6,200,000 (AED 2,103 per sqft)Sold, October 2013: AED 3,200,000 (AED 1,085 per sqft)

5506 has sold 3 times; the dashed line is the penthouse median of each year in the building.

Rents
Unit 5506, each contractTypical penthouse in Cayan Tower
200K300K2013201720212025Typical rent by year: 2013 AED 210,000; 2014 AED 220,000; 2015 AED 275,000; 2016 AED 230,000; 2017 AED 251,818; 2018 AED 212,000; 2019 AED 200,000; 2020 AED 140,137; 2021 AED 179,000; 2022 AED 180,000; 2023 AED 220,000; 2024 AED 230,000; 2025 AED 221,675New contract, October 2016: AED 300,000 a year

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

Penthouses in Cayan Tower, and where 5506 sits

All 70 penthouses →

5506 last sold in October 2013 at AED 1,085 per sqft, 22% below what penthouses in Cayan Tower were fetching at the time (AED 1,400). 5506's AED 300,000 is in the upper half of that range.

Recent penthouse salesUnit no.Price (AED)Summary
16 Jul 20253,200,000
23 Apr 20255,750,000
12 Feb 202510,200,000
21 Jan 202522,500,000
0 penthouse sales in the last 12 months

Cayan Tower

Building

495 apartments, studios to 3-bed over 73 floors in Dubai Marina, completed in 2013 by Cayan Real Estate Investment & Development. 16 sold in the last 12 months.

Typical price per sqft
AED 2,169 Up 7.3%
Typical sale
AED 2.54M
Typical rent
AED 139K /yr
Typical yield
6.4%
Cayan Tower, Dubai Marina: prices, sales and rents →

Other units on the 55th floor

All 495 units in Cayan Tower
Value
5501PenthouseAED 2.7M · Apr 2016
5502PenthouseAED 3.2M · Jul 2025
5503PenthouseAED 1.55M · Oct 2013
5504PenthouseAED 3.4M · Apr 2014
5505PenthouseAED 4.3M · Jun 2023
5507PenthouseAED 2.85M · Nov 2013
5508PenthouseAED 2.5M · Jun 2014
1–7 of 9

5506, Cayan Tower in numbers

  • Sold 3 times: first on 10 April 2012 for AED 3,200,000, last on 3 October 2013 for AED 3,200,000 (AED 1,085 per sqft).
  • Rented since October 2013 on 2 Ejari contracts, from AED 50,000 to AED 300,000 a year.
  • At AED 300,000 a year the gross yield on the 2013 price is 9.4%, before a service charge of about AED 63,200 a year (AED 21.43 per sqft).

Source: Dubai Land Department. Updated 24 October 2016.

Questions about 5506, Cayan Tower

What did unit 5506 last sell for?

AED 3,200,000 on 3 October 2013: AED 1,085 per sqft for 2,948 sqft. The unit has 3 registered sales; the first was AED 3,200,000 in April 2012.

What is the rent for unit 5506?

AED 300,000 a year on the contract signed on 24 October 2016. The previous contract, from October 2013, was AED 50,000.

How big is unit 5506?

2,948 sqft (273.9 sqm): a penthouse on the 55th floor of a 73-storey tower completed in 2013.

What is unit 5506 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 5506, Cayan Tower

Starts from the last sale price (AED 3.2M, 3 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

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