2-bed · 1,045 sqftBinghatti Gateway, Al Jadaf · 4th floor · completed 2021

411, Binghatti Gateway

Sold prices and rental history: sold once, by the developer in December 2020, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 411 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 857K16 December 2020
Current rentAED 82K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 411, Binghatti Gateway

What is 411 worth today?

Last sold for AED 857,037 in 2020

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1 Aug 2024RentedRenewal
AED 81,500/yr12 months · AED 78 per sqft
1 Aug 2023RentedNew contract
AED 78,000/yr12 months · AED 75 per sqft
19 May 2022RentedNew contract
AED 66,000/yr12 months · AED 63 per sqft
16 Dec 2020Sold by developerOff-plan
AED 857,037AED 819 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
2-bed apartment
Size
1,045 sqft
Floor
4th of 14
Parking
G-94
Developer
Binghatti
Completed
2021
Service charge
AED 21,400 /yr
Last sold
AED 857K · December 2020

About 411, Binghatti Gateway

411 is a two-bedroom apartment of 1,045 sqft on the 4th floor of Binghatti Gateway, a 14-storey tower in Al Jadaf completed in 2021 by Binghatti. The developer sold it on 16 December 2020 for AED 857,037, or AED 819 per sqft, 7% above the AED 769 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 81,500 a year: a gross yield of 9.5% on the 2020 price, before the service charge of about AED 21,400 a year.

Sales and rents for 411 over time

Sales
Unit 411, each saleTypical two-bed in Binghatti Gateway
750K1M1.25M2019202120232025Typical sale price by year: 2019 AED 841,932; 2020 AED 820,000; 2021 AED 807,500; 2022 AED 915,000; 2023 AED 1,000,000; 2024 AED 1,300,000Sold by developer, December 2020: AED 857,037 (AED 819 per sqft)

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

Rents
Unit 411, each contractTypical two-bed in Binghatti Gateway
60K80K2021202320252027Typical rent by year: 2021 AED 58,000; 2022 AED 70,000; 2023 AED 79,000; 2024 AED 89,000; 2025 AED 90,000; 2026 AED 83,077New contract, May 2022: AED 66,000 a yearNew contract, August 2023: AED 78,000 a yearRenewal, August 2024: AED 81,500 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Binghatti Gateway, and where 411 sits

All 42 2-beds →

411 last sold in December 2020 at AED 819 per sqft, 7% above what two-beds in Binghatti Gateway were fetching at the time (AED 769). 411's AED 81,500 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Jun 20251,340,000
23 Dec 20241,300,000
8 Nov 20241,210,000
7 Oct 20241,415,000
0 2-bed sales in the last 12 months

Binghatti Gateway

Building

181 apartments, 1-bed to 2-bed over 14 floors in Al Jadaf, completed in 2021 by Binghatti. 4 sold in the last 12 months.

Typical price per sqft
AED 1,193
Typical sale
AED 900K
Typical rent
AED 70K /yr
Typical yield
7.4%
Binghatti Gateway, Al Jadaf: prices, sales and rents →

Other units on the 4th floor

All 181 units in Binghatti Gateway
Value
4011-bedAED 850K · Sep 2024
4022-bedAED 890K · Feb 2022
4031-bedAED 830K · Jan 2024
4041-bedAED 620K · Feb 2023
4051-bedAED 600K · Feb 2023
4061-bedAED 750K · Nov 2021
4071-bedAED 570K · May 2022
1–7 of 12

411, Binghatti Gateway in numbers

  • Sold once: by Binghatti on 16 December 2020 for AED 857,037, or AED 819 per sqft.
  • Rented since May 2022 on 3 Ejari contracts, from AED 66,000 to AED 81,500 a year.
  • At AED 81,500 a year the gross yield on the 2020 price is 9.5%, before a service charge of about AED 21,400 a year (AED 20.49 per sqft).

Source: Dubai Land Department. Updated 1 August 2024.

Questions about 411, Binghatti Gateway

What did unit 411 last sell for?

AED 857,037 on 16 December 2020, sold by the developer: AED 819 per sqft for 1,045 sqft. It is the only registered sale of the unit.

What is the rent for unit 411?

AED 81,500 a year on the contract renewed on 1 August 2024. The previous contract, from August 2023, was AED 78,000; the unit has been rented since May 2022.

How big is unit 411?

1,045 sqft (97.1 sqm): a two-bedroom apartment on the 4th floor of a 14-storey tower completed in 2021.

What is unit 411 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 411, Binghatti Gateway

Starts from the last sale price (AED 857K, 16 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 857,037
Deposit, UAE resident (20%)
AED 171,407
Deposit, non-resident (40%)
AED 342,815
Monthly over 25 years at 3.7%
AED 3,506

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →