PropertyIndex

Five Luxe

Completed · Q2 2023|543 units · 1 tower

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Five Luxe is a completed apartment development by DEVCO REAL ESTATE DEVELOPMENT L.L.C in Dubai Marina, Marsa Dubai, comprising 543 registered units. 532 sales are registered with the Dubai Land Department, at a current PIX© price of AED 4,548 per sqft. At AED 4,548 per sqft, Five Luxe prices 104% above the Dubai Marina average of AED 2,226 per sqft on registered sales.

PIX© price · 5.8% YoY
6.58MAED
Typical
4,548AED
PSF
Gross yield
6.4%
PIX© rent ÷ PIX© price
Sale records
532
DLD · all time
Rent contracts
27
Ejari · all time
Five Luxe

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
85 – 14,094 sqft
5436.58M4,5485.8%418K6.4%
Residential
Studio · Apartment
488 – 712 sqft
60
1 Bed · Apartment
788 – 1,423 sqft
88
2 Bed · Apartment
1,597 – 2,219 sqft
34
3 Bed · Apartment
2,396 – 3,472 sqft
27
4 Bed · Apartment
5,073 – 5,101 sqft
10
5 Bed · Apartment
9,449 sqft
1
6 Bed · Apartment
9,462 – 14,094 sqft
2
Hospitality
Studio · Hotel Room
430 – 2,098 sqft
173
1 Bed · Hotel Room
938 – 3,163 sqft
45
2 Bed · Hotel Room
1,755 – 2,527 sqft
4
3 Bed · Hotel Room
9,010 sqft
1
Hotel Room (Bedrooms Unknown)
Commercial
Other Commercial
11,726 sqft
1
Shop
1,400 – 8,190 sqft
13
Store
85 – 527 sqft
84
Sales — Project-Wide532 DLD records
Sale price AED/sqft · monthly · all time

Price per sqft has fallen -5.8% over the last 12 months, to AED 4,548, across 532 registered sales.

PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range · all time
PSF range
Avg size
Cash : mortgage
Off-plan : ready
DateSizePricePSFUnit TypeType
6 Jul 20261,5988,088,0975,061StandardStandard Sale
6 Jul 20261,92610,182,4905,286StandardStandard Sale
2 Jul 20261,2924,587,1563,549StandardStandard Sale
Rentals — Project-Wide27 Ejari contracts
Annual rent AED · monthly · all time
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range · all time
Renewals
Corporate
Start DateSizeRent / YrRent PSFUnit TypeType
20 Jun 20262,219750,000Standardnew
1 Jun 20262,396600,000250Standardnew
1 May 20262,396900,000376Standardnew

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Dubai Marina

The closest-priced registered projects in Dubai Marina.

Common questions about Five Luxe

Answered from Dubai Land Department registered transactions.

How much does a property in Five Luxe cost?

Property in Five Luxe sells at a current PIX© price of AED 4,548 per sqft, or about AED 6,582,401 for a typical unit, based on 532 sales registered with the Dubai Land Department.

Is Five Luxe completed?

Yes. Five Luxe is recorded as completed in the Dubai Land Department project register (completed q2 2023).

Who is the developer of Five Luxe?

Five Luxe is developed by DEVCO REAL ESTATE DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Five Luxe?

Five Luxe yields 6.4% gross, calculated from current PIX© rent against current PIX© sale price, across 27 registered Ejari contracts.

How many units are in Five Luxe?

Five Luxe holds 543 registered units, per the Dubai Land Department unit register.

Have prices in Five Luxe gone up or down?

Price per sqft has fallen -5.8% over the last 12 months, to AED 4,548, across 532 registered sales.