Penthouse · 1,600 sqftCayan Tower, Dubai Marina · 55th floor · completed 2013

5509, Cayan Tower

Sold prices and rental history: sold 4 times, last in June 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5509 · DLD and Ejari recordsUpdated 21 June 2023
Last soldAED 2.75M21 June 2023
Current rentAED 250K /yr25 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5509, Cayan Tower

What is 5509 worth today?

Last sold for AED 2,750,000 in 2023

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21 Jun 2023SoldReady
AED 2,750,000AED 1,718 per sqft
25 Jan 2023RentedNew contract
AED 250,000/yr12 months · AED 156 per sqft
12 Aug 2022SoldReady
AED 2,350,000AED 1,468 per sqft
1 Oct 2020RentedNew contract
AED 97,500/yr12 months · AED 61 per sqft
30 Oct 2018RentedRenewal
AED 172,000/yr12 months · AED 107 per sqft
30 Oct 2017RentedRenewal
AED 182,436/yr12 months · AED 114 per sqft
30 Oct 2016RentedNew contract
AED 183,936/yr12 months · AED 115 per sqft
10 Oct 2013RentedNew contract
AED 210,000/yr12 months · AED 131 per sqft

Source: Dubai Land Department. Updated 21 June 2023.

Key facts

Type
Penthouse apartment
Size
1,600 sqft
Floor
55th of 73
Parking
P2-441 , P2-443
Developer
Cayan Real Estate Investment & Development
Completed
2013
Service charge
AED 34,300 /yr
Last sold
AED 2.75M · June 2023
Building
Cayan Tower

About 5509, Cayan Tower

5509 is a penthouse of 1,600 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 21 June 2023 for AED 2,750,000, or AED 1,718 per sqft, 10% above the AED 1,568 penthouses in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 25 January 2023, is AED 250,000 a year: a gross yield of 9.1% on the 2023 price, before the service charge of about AED 34,300 a year.

Sales and rents for 5509 over time

Sales
Unit 5509, 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 2009: AED 2,598,480 (AED 1,623 per sqft)Sold, October 2013: AED 2,598,480 (AED 1,623 per sqft)Sold, August 2022: AED 2,350,000 (AED 1,468 per sqft)Sold, June 2023: AED 2,750,000 (AED 1,718 per sqft)

5509 has sold 4 times; the dashed line is the penthouse median of each year in the building.

Rents
Unit 5509, each contractTypical penthouse in Cayan Tower
100K200K300K2013201720212025Typical 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 2013: AED 210,000 a yearNew contract, October 2016: AED 183,936 a yearRenewal, October 2017: AED 182,436 a yearRenewal, October 2018: AED 172,000 a yearNew contract, October 2020: AED 97,500 a yearNew contract, January 2023: AED 250,000 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 5509 sits

All 70 penthouses →

5509 last sold in June 2023 at AED 1,718 per sqft, 10% above what penthouses in Cayan Tower were fetching at the time (AED 1,568). 5509's AED 250,000 is in the lower 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
5506PenthouseAED 3.2M · Oct 2013
5507PenthouseAED 2.85M · Nov 2013
1–7 of 9

5509, Cayan Tower in numbers

  • Sold 4 times: first on 15 April 2009 for AED 2,598,480, last on 21 June 2023 for AED 2,750,000 (AED 1,718 per sqft).
  • Rented since October 2013 on 6 Ejari contracts. The rent fell from AED 210,000 to AED 97,500 in 2020 and recovered to AED 250,000 by January 2023.
  • At AED 250,000 a year the gross yield on the 2023 price is 9.1%, before a service charge of about AED 34,300 a year (AED 21.43 per sqft).

Source: Dubai Land Department. Updated 21 June 2023.

Questions about 5509, Cayan Tower

What did unit 5509 last sell for?

AED 2,750,000 on 21 June 2023: AED 1,718 per sqft for 1,600 sqft. The unit has 4 registered sales; the first was AED 2,598,480 in April 2009.

What is the rent for unit 5509?

AED 250,000 a year on the contract signed on 25 January 2023. The previous contract, from October 2020, was AED 97,500; the unit has been rented since October 2013.

How big is unit 5509?

1,600 sqft (148.6 sqm): a penthouse on the 55th floor of a 73-storey tower completed in 2013.

What is unit 5509 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 5509, Cayan Tower

Starts from the last sale price (AED 2.75M, 21 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,750,000
Deposit, UAE resident (20%)
AED 550,000
Deposit, non-resident (40%)
AED 1,100,000
Monthly over 25 years at 3.7%
AED 11,251

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