2-bed · 1,646 sqftFive Palm Jumeirah, Palm Jumeirah · 3rd floor · completed 2016

40307, Five Palm Jumeirah

Sold prices and rental history: sold twice, last in April 2017, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 40307 · DLD and Ejari recordsUpdated 14 April 2023
Last soldAED 3.4M9 April 2017
Current rentAED 270K /yr14 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 40307, Five Palm Jumeirah

What is 40307 worth today?

Last sold for AED 3,400,000 in 2017

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14 Apr 2023RentedNew contract
AED 270,000/yr12 months · AED 164 per sqft
20 Jan 2019RentedNew contract
AED 215,000/yr12 months · AED 131 per sqft
24 Sep 2018RentedNew contract
AED 225,000/yr12 months · AED 137 per sqft
13 Jul 2017RentedNew contract
AED 222,000/yr12 months · AED 135 per sqft
9 Apr 2017SoldOff-plan
AED 3,400,000AED 2,065 per sqft
18 Jun 2013Sold by developerOff-plan
AED 3,748,396AED 2,277 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 14 April 2023.

Key facts

Type
2-bed apartment
Size
1,646 sqft
Floor
3rd of 16
Parking
B2-337
Developer
SKAI Zaya Real Estate Development
Completed
2016
Last sold
AED 3.4M · April 2017

About 40307, Five Palm Jumeirah

40307 is a two-bedroom apartment of 1,646 sqft on the 3rd 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 9 April 2017 for AED 3,400,000, or AED 2,065 per sqft, 18% below the AED 2,513 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 14 April 2023, is AED 270,000 a year: a gross yield of 7.9% on the 2017 price.

Sales and rents for 40307 over time

Sales
Unit 40307, each saleTypical two-bed in Five Palm Jumeirah
4M6M2013201720212025Typical sale price by year: 2013 AED 4,184,256; 2014 AED 4,748,162; 2015 AED 4,564,658; 2016 AED 4,900,000; 2017 AED 3,983,367; 2018 AED 4,400,000; 2019 AED 3,575,000; 2020 AED 2,700,000; 2021 AED 4,050,000; 2022 AED 4,500,000; 2023 AED 5,600,000; 2024 AED 5,400,000; 2025 AED 6,050,000; 2026 AED 5,600,000Sold by developer, June 2013: AED 3,748,396 (AED 2,277 per sqft)Sold, April 2017: AED 3,400,000 (AED 2,065 per sqft)

40307 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 40307, each contractTypical two-bed in Five Palm Jumeirah
200K300K2017202020232026Typical rent by year: 2017 AED 237,500; 2018 AED 225,000; 2019 AED 210,000; 2020 AED 200,000; 2021 AED 210,000; 2022 AED 274,167; 2023 AED 300,000; 2024 AED 335,000; 2025 AED 320,000; 2026 AED 320,000New contract, July 2017: AED 222,000 a yearNew contract, September 2018: AED 225,000 a yearNew contract, January 2019: AED 215,000 a yearNew contract, April 2023: AED 270,000 a year

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

2-beds in Five Palm Jumeirah, and where 40307 sits

All 128 2-beds →

40307 last sold in April 2017 at AED 2,065 per sqft, 18% below what two-beds in Five Palm Jumeirah were fetching at the time (AED 2,513). Over the last 12 months two-beds sold for AED 5,000,000 to 7,700,000, around AED 2,595 per sqft, and rent for AED 288,750 to 401,078 a year. 40307's AED 270,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Feb 20267,700,000
6 Feb 20265,050,000
6 Jan 20265,600,000
30 Dec 20255,000,000
5 2-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 3rd floor

All 699 units in Five Palm Jumeirah
Value
103011-bedAED 2.36M · Jul 2013
10302StudioAED 1.5M · Aug 2024
10303StudioAED 1.4M · Apr 2022
10304StudioAED 1.71M · Sep 2013
10305StudioAED 1.71M · Sep 2013
10306StudioAED 1.7M · Sep 2022
103071-bedAED 2.74M · Aug 2013
1–7 of 53

40307, Five Palm Jumeirah in numbers

  • Sold twice: first on 18 June 2013 for AED 3,748,396, last on 9 April 2017 for AED 3,400,000 (AED 2,065 per sqft).
  • Rented since July 2017 on 4 Ejari contracts, from AED 222,000 to AED 270,000 a year.
  • At AED 270,000 a year the gross yield on the 2017 price is 7.9%.
  • Two-beds in Five Palm Jumeirah sold for AED 5,000,000–7,700,000 in the 12 months to November 2026; the building's median across all types is AED 2,548 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 14 April 2023.

Questions about 40307, Five Palm Jumeirah

What did unit 40307 last sell for?

AED 3,400,000 on 9 April 2017: AED 2,065 per sqft for 1,646 sqft. The unit has 2 registered sales; the first was AED 3,748,396 in June 2013.

What is the rent for unit 40307?

AED 270,000 a year on the contract signed on 14 April 2023. The previous contract, from January 2019, was AED 215,000; the unit has been rented since July 2017.

How big is unit 40307?

1,646 sqft (152.9 sqm): a two-bedroom apartment on the 3rd floor of a 16-storey tower completed in 2016.

What is unit 40307 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Five Palm Jumeirah sold for AED 5,000,000 to 7,700,000 in the last 12 months, around AED 2,595 per sqft.

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Mortgage on 40307, Five Palm Jumeirah

Starts from the last sale price (AED 3.4M, 9 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,400,000
Deposit, UAE resident (20%)
AED 680,000
Deposit, non-resident (40%)
AED 1,360,000
Monthly over 25 years at 3.7%
AED 13,910

Plus AED 147,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →