1-bed · 706 sqftBinghatti Avenue, Al Jadaf · 12th floor · completed 2022

1203, Binghatti Avenue

Sold prices and rental history: sold once, by the developer in February 2021, and rented once, from February 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 6 February 2023
Last soldAED 570K21 February 2021
Current rentAED 75K /yr6 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1203, Binghatti Avenue

What is 1203 worth today?

Last sold for AED 570,000 in 2021

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6 Feb 2023RentedNew contract
AED 75,000/yr12 months · AED 106 per sqft
21 Feb 2021Sold by developerOff-plan
AED 570,000AED 807 per sqft

Source: Dubai Land Department. Updated 6 February 2023.

Key facts

Type
1-bed apartment
Size
706 sqft
Floor
12th of 27
Parking
P3-38
Developer
Binghatti
Completed
2022
Service charge
AED 10,900 /yr
Last sold
AED 570K · February 2021

About 1203, Binghatti Avenue

1203 is a one-bedroom apartment of 706 sqft on the 12th floor of Binghatti Avenue, a 27-storey tower in Al Jadaf completed in 2022 by Binghatti. The developer sold it on 21 February 2021 for AED 570,000, or AED 807 per sqft, in line with the AED 819 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 6 February 2023. The current contract, signed on 6 February 2023, is AED 75,000 a year: a gross yield of 13.2% on the 2021 price, before the service charge of about AED 10,900 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, each saleTypical one-bed in Binghatti Avenue
600K800K1M2020202220242026Typical sale price by year: 2020 AED 586,584; 2021 AED 602,052; 2022 AED 680,000; 2023 AED 780,000; 2024 AED 900,000; 2025 AED 1,000,000; 2026 AED 1,010,000Sold by developer, February 2021: AED 570,000 (AED 807 per sqft)

1203 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1203, each contractTypical one-bed in Binghatti Avenue
60K80K202220242026Typical rent by year: 2022 AED 48,000; 2023 AED 55,600; 2024 AED 67,000; 2025 AED 70,000; 2026 AED 77,500New contract, February 2023: AED 75,000 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 Binghatti Avenue, and where 1203 sits

All 414 1-beds →

1203 last sold in February 2021 at AED 807 per sqft, in line with what one-beds in Binghatti Avenue were fetching at the time (AED 819). Over the last 12 months one-beds sold for AED 950,000 to 1,180,000, around AED 1,430 per sqft, and rent for AED 56,679 to 100,000 a year. 1203's AED 75,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Feb 20261,000,000
13 Feb 20261,000,000
9 Feb 20261,040,000
23 Jan 20261,020,000
12 1-bed sales in the last 12 months

Binghatti Avenue

Building

621 apartments, 1-bed to 3-bed over 27 floors in Al Jadaf, completed in 2022 by Binghatti. 22 sold in the last 12 months.

Typical price per sqft
AED 1,416 Up 3.9%
Typical sale
AED 1.17M
Typical rent
AED 85K /yr
Typical yield
7.1%
Binghatti Avenue, Al Jadaf: prices, sales and rents →

Other units on the 12th floor

All 621 units in Binghatti Avenue
Value
12011-bedAED 601K · Feb 2021
12021-bedAED 333K · Nov 2022
12041-bedAED 640K · Nov 2022
12051-bedAED 543K · Nov 2020
12063-bedAED 1.45M · Sep 2023
12072-bedAED 829K · Feb 2021
12081-bedAED 585K · Apr 2021
1–7 of 21

1203, Binghatti Avenue in numbers

  • Sold once: by Binghatti on 21 February 2021 for AED 570,000, or AED 807 per sqft.
  • Rented since February 2023 on one Ejari contract, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2021 price is 13.2%, before a service charge of about AED 10,900 a year (AED 15.37 per sqft).
  • One-beds in Binghatti Avenue sold for AED 950,000–1,180,000 in the 12 months to November 2026; the building's median across all types is AED 1,416 per sqft.

Source: Dubai Land Department. Updated 6 February 2023.

Questions about 1203, Binghatti Avenue

What did unit 1203 last sell for?

AED 570,000 on 21 February 2021, sold by the developer: AED 807 per sqft for 706 sqft. It is the only registered sale of the unit.

What is the rent for unit 1203?

AED 75,000 a year on the contract signed on 6 February 2023.

How big is unit 1203?

706 sqft (65.6 sqm): a one-bedroom apartment on the 12th floor of a 27-storey tower completed in 2022.

What is unit 1203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Binghatti Avenue sold for AED 950,000 to 1,180,000 in the last 12 months, around AED 1,430 per sqft.

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Mortgage on 1203, Binghatti Avenue

Starts from the last sale price (AED 570K, 21 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 570,000
Deposit, UAE resident (20%)
AED 114,000
Deposit, non-resident (40%)
AED 228,000
Monthly over 25 years at 3.7%
AED 2,332

Plus AED 28,950 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →