023, Five Luxe
Sold prices and rental history: sold once, by the developer in May 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 023, Five Luxe
What is 023 worth today?
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Source: Dubai Land Department. Updated 20 May 2024.
Key facts
- Type
- Studio hotel apartment
- Size
- 928 sqft
- Floor
- Ground of 54
- Parking
- EU
- Developer
- Devco Real Estate Development
- Completed
- 2023
- Last sold
- AED 4.62M · May 2024
- Building
- Five Luxe
About 023, Five Luxe
023 is a studio of 928 sqft on the ground floor of Five Luxe, a 54-storey tower in Jumeirah Beach Residence completed in 2023 by Devco Real Estate Development. The developer sold it on 20 May 2024 for AED 4,617,153, or AED 4,976 per sqft, 13% above the AED 4,393 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 023 over time
023 has sold once; the dashed line is the studio median of each year in the building.
Studios in Five Luxe, and where 023 sits
All 170 studios →023 last sold in May 2024 at AED 4,976 per sqft, 13% above what studios in Five Luxe were fetching at the time (AED 4,393). Over the last 12 months studios sold for AED 2,600,000 to 3,500,000, around AED 4,511 per sqft.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Feb 20266 February 2026 | 576 sqft | 2,600,000 | 4,511 | ||
| 8 Jan 20268 January 2026 | 712 sqft | 3,500,000 | 4,916 | ||
| 8 Jan 20268 January 2026 | 712 sqft | 2,950,000 | 4,143 | ||
| 7 Jul 20257 July 2025 | 576 sqft | 3,340,000 | 5,795 |
Five Luxe
Building366 apartments, studios to 6-bed over 54 floors in Jumeirah Beach Residence, completed in 2023 by Devco Real Estate Development. 6 sold in the last 12 months.
- Typical price per sqft
- AED 4,327
- Typical sale
- AED 3.7M
- Typical rent
- Few contracts
- Typical yield
Other units on the ground floor
All 366 units in Five Luxe| ValueToday's value | |||||
|---|---|---|---|---|---|
| 005 | Studio | 1,019 sqft | AED 4.33MAED 4,333,751 · Jul 2023July 2023 | ||
| 006 | Studio | 917 sqft | AED 4.15MAED 4,148,719 · Jun 2024June 2024 | ||
| 007 | Studio | 886 sqft | AED 3.94MAED 3,941,638 · Mar 2023March 2023 | ||
| 008 | Studio | 893 sqft | AED 3.74MAED 3,744,556 · Apr 2023April 2023 | ||
| 009 | Studio | 917 sqft | AED 4.15MAED 4,147,745 · Sep 2024September 2024 | ||
| 010 | Studio | 905 sqft | AED 4.05MAED 4,047,619 · Jul 2024July 2024 | ||
| 013 | 2-bed | 2,165 sqft | AED 10.09MAED 10,093,001 · May 2023May 2023 | ||
| 014 | 2-bed | 2,303 sqft | AED 10.64MAED 10,641,038 · May 2023May 2023 | ||
| 015 | 1-bed | 1,432 sqft | AED 6.55MAED 6,547,410 · Oct 2024October 2024 | ||
| 016 | Studio | 941 sqft | AED 4.48MAED 4,478,812 · Feb 2025February 2025 | ||
| 017 | Studio | 940 sqft | AED 4.47MAED 4,474,711 · Feb 2025February 2025 | ||
| 020 | Studio | 1,022 sqft | AED 4.14MAED 4,144,074 · Apr 2024April 2024 | ||
| 021 | Studio | 850 sqft | AED 3.69MAED 3,690,480 · May 2023May 2023 | ||
| 022 | Studio | 891 sqft | AED 4.43MAED 4,433,967 · Apr 2024April 2024 |
023, Five Luxe in numbers
- Sold once: by Devco Real Estate Development on 20 May 2024 for AED 4,617,153, or AED 4,976 per sqft.
- Studios in Five Luxe sold for AED 2,600,000–3,500,000 in the 12 months to November 2026; the building's median across all types is AED 4,327 per sqft.
Source: Dubai Land Department. Updated 20 May 2024.
Questions about 023, Five Luxe
What did unit 023 last sell for?
AED 4,617,153 on 20 May 2024, sold by the developer: AED 4,976 per sqft for 928 sqft. It is the only registered sale of the unit.
How big is unit 023?
928 sqft (86.2 sqm): a studio on the ground floor of a 54-storey tower completed in 2023.
What is unit 023 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Five Luxe sold for AED 2,600,000 to 3,500,000 in the last 12 months, around AED 4,511 per sqft.
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Mortgage on 023, Five Luxe
Starts from the last sale price (AED 4.62M, 20 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,617,153
- Deposit, UAE resident (20%)
- AED 923,431
- Deposit, non-resident (40%)
- AED 1,846,861
- Monthly over 25 years at 3.7%
- AED 18,890
Plus AED 198,930 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →