1-bed · 706 sqftBinghatti Avenue, Al Jadaf · 24th floor · completed 2022

2402, Binghatti Avenue

Sold prices and rental history: sold once, by the developer in April 2021, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2402 · DLD and Ejari recordsUpdated 15 October 2024
Last soldAED 600K27 April 2021
Current rentAED 75K /yr15 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2402, Binghatti Avenue

What is 2402 worth today?

Last sold for AED 600,000 in 2021

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15 Oct 2024RentedNew contract
AED 75,000/yr12 months · AED 106 per sqft
5 Sep 2023RentedRenewal
AED 51,750/yr12 months · AED 73 per sqft
5 Sep 2022RentedNew contract
AED 45,000/yr12 months · AED 63 per sqft
27 Apr 2021Sold by developerOff-plan
AED 600,000AED 849 per sqft

Source: Dubai Land Department. Updated 15 October 2024.

Key facts

Type
1-bed apartment
Size
706 sqft
Floor
24th of 27
Parking
P1-02
Developer
Binghatti
Completed
2022
Service charge
AED 10,900 /yr
Last sold
AED 600K · April 2021

About 2402, Binghatti Avenue

2402 is a one-bedroom apartment of 706 sqft on the 24th floor of Binghatti Avenue, a 27-storey tower in Al Jadaf completed in 2022 by Binghatti. The developer sold it on 27 April 2021 for AED 600,000, or AED 849 per sqft, in line with the AED 827 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 15 October 2024, is AED 75,000 a year: a gross yield of 12.5% on the 2021 price, before the service charge of about AED 10,900 a year.

Sales and rents for 2402 over time

Sales
Unit 2402, 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, April 2021: AED 600,000 (AED 849 per sqft)

2402 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2402, each contractTypical one-bed in Binghatti Avenue
40K60K80K202220242026Typical rent by year: 2022 AED 48,000; 2023 AED 55,600; 2024 AED 67,000; 2025 AED 70,000; 2026 AED 77,500New contract, September 2022: AED 45,000 a yearRenewal, September 2023: AED 51,750 a yearNew contract, October 2024: 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 2402 sits

All 414 1-beds →

2402 last sold in April 2021 at AED 849 per sqft, in line with what one-beds in Binghatti Avenue were fetching at the time (AED 827). 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. 2402'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 24th floor

All 621 units in Binghatti Avenue
Value
24011-bedAED 637K · Jul 2021
24031-bedAED 725K · Jan 2023
24041-bedAED 800K · May 2023
2405AED 620K · May 2021
24063-bedAED 1.28M · Nov 2021
24072-bedAED 1.64M · Mar 2024
24081-bedAED 635K · May 2021
1–7 of 21

2402, Binghatti Avenue in numbers

  • Sold once: by Binghatti on 27 April 2021 for AED 600,000, or AED 849 per sqft.
  • Rented since September 2022 on 3 Ejari contracts, from AED 45,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2021 price is 12.5%, 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 15 October 2024.

Questions about 2402, Binghatti Avenue

What did unit 2402 last sell for?

AED 600,000 on 27 April 2021, sold by the developer: AED 849 per sqft for 706 sqft. It is the only registered sale of the unit.

What is the rent for unit 2402?

AED 75,000 a year on the contract signed on 15 October 2024. The previous contract, from September 2023, was AED 51,750; the unit has been rented since September 2022.

How big is unit 2402?

706 sqft (65.6 sqm): a one-bedroom apartment on the 24th floor of a 27-storey tower completed in 2022.

What is unit 2402 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 2402, Binghatti Avenue

Starts from the last sale price (AED 600K, 27 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 600,000
Deposit, UAE resident (20%)
AED 120,000
Deposit, non-resident (40%)
AED 240,000
Monthly over 25 years at 3.7%
AED 2,455

Plus AED 30,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →