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1-bed · 1,077 sqftFive Palm Jumeirah, Palm Jumeirah · 15th floor · completed 2016

31508, Five Palm Jumeirah

Sold prices and rental history: sold twice, last in December 2022, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 31508 · DLD and Ejari recordsUpdated 8 December 2022
Last soldAED 3.15M8 December 2022
Current rentAED 140K /yr8 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 31508, Five Palm Jumeirah

What is 31508 worth today?

Last sold for AED 3,150,000 in 2022

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8 Dec 2022SoldReady
AED 3,150,000AED 2,924 per sqft
8 Jan 2020RentedNew contract
AED 140,000/yr12 months · AED 130 per sqft
5 Jan 2019RentedNew contract
AED 150,000/yr12 months · AED 139 per sqft
4 Jul 2018RentedNew contract
AED 150,000/yr12 months · AED 139 per sqft
13 Nov 2013Sold by developerOff-plan
AED 2,408,162AED 2,235 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 8 December 2022.

Key facts

Type
1-bed apartment
Size
1,077 sqft
Floor
15th of 16
Parking
B2-100
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 3.15M · December 2022
Building
Five Palm Jumeirah

About 31508, Five Palm Jumeirah

31508 is a one-bedroom apartment of 1,077 sqft on the 15th 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 8 December 2022 for AED 3,150,000, or AED 2,924 per sqft, 7% above the AED 2,739 one-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 8 January 2020, is AED 140,000 a year: a gross yield of 4.4% on the 2022 price.

Sales and rents for 31508 over time

Sales
Unit 31508, each saleTypical one-bed in Five Palm Jumeirah
2M4M2013201720212025Typical sale price by year: 2013 AED 2,855,628; 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; 2020 AED 2,000,000; 2021 AED 2,400,000; 2022 AED 3,050,000; 2023 AED 3,000,000; 2024 AED 2,914,456; 2025 AED 3,500,000Sold by developer, November 2013: AED 2,408,162 (AED 2,235 per sqft)Sold, December 2022: AED 3,150,000 (AED 2,924 per sqft)

31508 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 31508, each contractTypical one-bed in Five Palm Jumeirah
200K400K2017202020232026Typical rent by year: 2017 AED 167,500; 2018 AED 160,000; 2019 AED 160,000; 2020 AED 140,000; 2021 AED 149,000; 2022 AED 165,000; 2023 AED 255,000; 2024 AED 367,500; 2025 AED 230,000New contract, July 2018: AED 150,000 a yearNew contract, January 2019: AED 150,000 a yearNew contract, January 2020: AED 140,000 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 31508 sits

All 140 1-beds →

31508 last sold in December 2022 at AED 2,924 per sqft, 7% above what one-beds in Five Palm Jumeirah were fetching at the time (AED 2,739).

Recent 1-bed salesUnit no.Price (AED)Summary
24 Jun 20254,000,000
16 May 20251,750,000
3 Apr 20253,500,000
18 Mar 20252,920,000
0 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. 7 sold in the last 12 months.

Typical price per sqft
AED 2,548
Typical sale
AED 5.05M
Typical rent
AED 300K /yr
Typical yield
8.4%
Five Palm Jumeirah, Palm Jumeirah: prices, sales and rents →

Other units on the 15th floor

All 699 units in Five Palm Jumeirah
Value
115011-bedAED 4.92M · Nov 2015
115021-bedAED 3.18M · Mar 2017
11503StudioAED 1.73M · Jul 2013
11504StudioAED 1.75M · Dec 2022
115051-bedAED 2.86M · Aug 2013
115061-bedAED 4M · Feb 2025
115072-bedAED 5.85M · Oct 2013
1–7 of 25

31508, Five Palm Jumeirah in numbers

  • Sold twice: first on 13 November 2013 for AED 2,408,162, last on 8 December 2022 for AED 3,150,000 (AED 2,924 per sqft).
  • Rented since July 2018 on 3 Ejari contracts, from AED 150,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2022 price is 4.4%.

Source: YallaValue analysis of Dubai Land Department records. Updated 8 December 2022.

Questions about 31508, Five Palm Jumeirah

What did unit 31508 last sell for?

AED 3,150,000 on 8 December 2022: AED 2,924 per sqft for 1,077 sqft. The unit has 2 registered sales; the first was AED 2,408,162 in November 2013.

What is the rent for unit 31508?

AED 140,000 a year on the contract signed on 8 January 2020. The previous contract, from January 2019, was AED 150,000; the unit has been rented since July 2018.

How big is unit 31508?

1,077 sqft (100.1 sqm): a one-bedroom apartment on the 15th floor of a 16-storey tower completed in 2016.

What is unit 31508 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 31508, Five Palm Jumeirah

Starts from the last sale price (AED 3.15M, 8 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,150,000
Deposit, UAE resident (20%)
AED 630,000
Deposit, non-resident (40%)
AED 1,260,000
Monthly over 25 years at 3.7%
AED 12,888

Plus AED 137,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →