# The Fifth Tower

The Fifth Tower is a project by Object One Real Estate Development L.L.C, recorded at 50% complete at its last Dubai Land Department inspection. 50 sales registered in the trailing 12 months at a median AED 959k (1 336 AED per square foot). Registry facts come from DLD; prices are registered transactions, not asking prices.

## Registry record

| Field | Value | Provenance |
|---|---|---|
| Developer | Object One Real Estate Development L.L.C | DLD verified |
| Status | Active | DLD verified |
| Construction progress | 50% | DLD verified |
| Registered with DLD | 20 Jul 2024 | DLD verified |
| Construction started | 20 Mar 2024 | DLD verified |
| Declared completion | 24 Jul 2026 | DLD verified |
| Units in the project | 345 | DLD verified |
| Project area | 22 784 sqm | DLD verified |
| Escrow agent | Abu Dhabi Islamic Bank | DLD verified |
| Project number | 3048 | DLD verified |

The Fifth Tower is a project by Object One Real Estate Development L.L.C, recorded at 50% complete at its last Dubai Land Department inspection. 50 sales registered in the trailing 12 months at a median AED 959k (1 336 AED per square foot). Registry facts come from DLD; prices are registered transactions, not asking prices.

| Measure | Value | Year on year |
|---|---|---|
| Median sale price | AED 959k | +3.4% |
| Interquartile range | AED 793k – AED 1.21M | |
| Median price per sqft | 1 336 AED | -5.0% |
| Registered sales, 12 months | 50 | -70.1% |
| Off-plan share | 100.0% | |

## By number of bedrooms

| Homes | Sales | Median price | Median AED/sqft | Median size | Median rent | Gross yield |
|---|---|---|---|---|---|---|
| Studios | 3 | — | — | — | — | — |
| 1-bedroom apartments | 35 | AED 829k | 1 279 | 649 sqft | — | — |
| 2-bedroom apartments | 12 | AED 1.51M | 1 350 | 1 116 sqft | — | — |

## Price per square foot by month

| Month | Sales | Median AED/sqft | IQR |
|---|---|---|---|
| Apr 2026 | 10 | 1 225 | 1 180 – 1 229 |
| Mar 2026 | 1 | insufficient data | |
| Feb 2026 | 7 | 1 464 | 1 301 – 1 485 |
| Jan 2026 | 10 | 1 434 | 1 288 – 1 477 |
| Dec 2025 | 3 | insufficient data | |
| Nov 2025 | 10 | 1 357 | 1 204 – 1 488 |
| Oct 2025 | 5 | 1 485 | 1 383 – 1 500 |
| Sep 2025 | 7 | 1 542 | 1 454 – 1 689 |
| Aug 2025 | 42 | 1 456 | 1 404 – 1 537 |
| Jul 2025 | 18 | 1 446 | 1 359 – 1 487 |
| Jun 2025 | 2 | insufficient data | |
| May 2025 | 10 | 1 323 | 1 272 – 1 464 |
| Apr 2025 | 24 | 1 199 | 1 074 – 1 200 |

## What these numbers do not show

- Prices from the developer. Nothing here is a price list, a payment plan or availability — these are transactions already registered with DLD.
- Whether construction is moving. The completion percentage is the figure recorded at the last technical inspection, and inspections are irregular: an unchanged number does not mean work stopped.
- A handover promise. The declared completion date is a registry field, not a commitment.
- Asking prices. Everything here is a registered transaction; what a home was listed at is a different number.
- Off-market and cash-equivalent deals that never reach the registry, and the price actually negotiated before registration.
- Service charges, chiller fees, agency commission, DLD transfer fees or mortgage costs — none of them are inside these prices.

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**Source:** Dubai Land Department open data, compiled by Continental Club Property  
**Data through:** 22 Oct 2026  
**Methodology:** https://datadubai.ae/methodology/ (v1.0)  
**License:** Reuse permitted with attribution  
**Canonical:** https://datadubai.ae/projects/the-fifth-tower/  
**Suggested citation:** Continental Club Property, "The Fifth Tower", Dubai Data, data through 22 Oct 2026, https://datadubai.ae/projects/the-fifth-tower/  
**Disclaimer:** Registered transactions, not asking prices. Not investment advice, not a valuation. Not affiliated with or endorsed by the Dubai Land Department.