1-bed · 671 sqftBinghatti Avenue, Al Jadaf · 3rd floor · completed 2022

318, Binghatti Avenue

Sold prices and rental history: sold twice, last in May 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 318 · DLD and Ejari recordsUpdated 6 May 2024
Last soldAED 810K6 May 2024
Current rentAED 53K /yr19 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 318, Binghatti Avenue

What is 318 worth today?

Last sold for AED 810,000 in 2024

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6 May 2024SoldReady
AED 810,000AED 1,206 per sqft
19 Nov 2023RentedRenewal
AED 52,500/yr12 months · AED 79 per sqft
20 Nov 2022RentedNew contract
AED 50,000/yr12 months · AED 75 per sqft
27 Dec 2020Sold by developerOff-plan
AED 566,582AED 844 per sqft

Source: Dubai Land Department. Updated 6 May 2024.

Key facts

Type
1-bed apartment
Size
671 sqft
Floor
3rd of 27
Parking
P2-98
Developer
Binghatti
Completed
2022
Service charge
AED 10,300 /yr
Last sold
AED 810K · May 2024

About 318, Binghatti Avenue

318 is a one-bedroom apartment of 671 sqft on the 3rd floor of Binghatti Avenue, a 27-storey tower in Al Jadaf completed in 2022 by Binghatti. It last sold on 6 May 2024 for AED 810,000, or AED 1,206 per sqft, 5% above the AED 1,147 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 19 November 2023, is AED 52,500 a year: a gross yield of 6.5% on the 2024 price, before the service charge of about AED 10,300 a year.

Sales and rents for 318 over time

Sales
Unit 318, each saleTypical one-bed in Binghatti Avenue
500K750K1M2020202220242026Typical 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, December 2020: AED 566,582 (AED 844 per sqft)Sold, May 2024: AED 810,000 (AED 1,206 per sqft)

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

Rents
Unit 318, 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, November 2022: AED 50,000 a yearRenewal, November 2023: AED 52,500 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 318 sits

All 414 1-beds →

318 last sold in May 2024 at AED 1,206 per sqft, 5% above what one-beds in Binghatti Avenue were fetching at the time (AED 1,147). 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. 318's AED 52,500 is at the bottom 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 3rd floor

All 621 units in Binghatti Avenue
Value
3011-bedAED 700K · Dec 2022
3021-bedAED 605K · Apr 2021
3031-bedAED 566K · Feb 2021
3041-bedAED 770K · Jun 2023
3051-bedAED 567K · Jan 2021
3063-bedAED 1.6M · Jul 2024
3072-bedAED 860K · Mar 2021
1–7 of 21

318, Binghatti Avenue in numbers

  • Sold twice: first on 27 December 2020 for AED 566,582, last on 6 May 2024 for AED 810,000 (AED 1,206 per sqft).
  • Rented since November 2022 on 2 Ejari contracts, from AED 50,000 to AED 52,500 a year.
  • At AED 52,500 a year the gross yield on the 2024 price is 6.5%, before a service charge of about AED 10,300 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 May 2024.

Questions about 318, Binghatti Avenue

What did unit 318 last sell for?

AED 810,000 on 6 May 2024: AED 1,206 per sqft for 671 sqft. The unit has 2 registered sales; the first was AED 566,582 in December 2020.

What is the rent for unit 318?

AED 52,500 a year on the contract renewed on 19 November 2023. The previous contract, from November 2022, was AED 50,000.

How big is unit 318?

671 sqft (62.3 sqm): a one-bedroom apartment on the 3rd floor of a 27-storey tower completed in 2022.

What is unit 318 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 318, Binghatti Avenue

Starts from the last sale price (AED 810K, 6 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 810,000
Deposit, UAE resident (20%)
AED 162,000
Deposit, non-resident (40%)
AED 324,000
Monthly over 25 years at 3.7%
AED 3,314

Plus AED 39,030 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →