2-bed · 1,273 sqft1 Residences by Wasl Tower 1, Al Kifaf · 15th floor · completed 2022

1507, 1 Residences by Wasl Tower 1

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

Unit 1507 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 2.19M3 April 2023
Current rentAED 140K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1507, 1 Residences by Wasl Tower 1

What is 1507 worth today?

Last sold for AED 2,192,768 in 2023

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1 Jul 2024RentedNew contract
AED 140,000/yr12 months · AED 110 per sqft
10 Jun 2023RentedNew contract
AED 125,000/yr12 months · AED 98 per sqft
3 Apr 2023Sold by developerReady
AED 2,192,768AED 1,722 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 July 2024.

Key facts

Type
2-bed apartment
Size
1,273 sqft
Floor
15th of 42
Parking
B2-64
Developer
Wasl
Completed
2022
Last sold
AED 2.19M · April 2023

About 1507, 1 Residences by Wasl Tower 1

1507 is a two-bedroom apartment of 1,273 sqft on the 15th floor of 1 Residences by Wasl Tower 1, a 42-storey tower in Al Kifaf completed in 2022 by Wasl. The developer sold it on 3 April 2023 for AED 2,192,768, or AED 1,722 per sqft, in line with the AED 1,737 two-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 July 2024, is AED 140,000 a year: a gross yield of 6.4% on the 2023 price.

Sales and rents for 1507 over time

Sales
Unit 1507, each saleTypical two-bed in 1 Residences by Wasl Tower 1
2.5M3M20222023202420252026Typical sale price by year: 2022 AED 2,441,530; 2023 AED 2,469,537; 2024 AED 2,836,497; 2025 AED 2,891,529Sold by developer, April 2023: AED 2,192,768 (AED 1,722 per sqft)

1507 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1507, each contractTypical two-bed in 1 Residences by Wasl Tower 1
150K20232024202520262027Typical rent by year: 2023 AED 150,000; 2024 AED 154,000; 2025 AED 155,000; 2026 AED 185,000New contract, June 2023: AED 125,000 a yearNew contract, July 2024: AED 140,000 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 1 Residences by Wasl Tower 1, and where 1507 sits

All 197 2-beds →

1507 last sold in April 2023 at AED 1,722 per sqft, in line with what two-beds in 1 Residences by Wasl Tower 1 were fetching at the time (AED 1,737). Over the last 12 months two-beds sold for AED 2,270,000 to 3,200,000, around AED 2,074 per sqft, and rent for AED 145,000 to 200,000 a year. 1507's AED 140,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Feb 20263,200,000
4 Feb 20263,000,000
25 Dec 20252,740,000
22 Jul 20252,500,000
4 2-bed sales in the last 12 months

1 Residences by Wasl Tower 1

Building

371 apartments, 1-bed to 3-bed over 42 floors in Al Kifaf, completed in 2022 by Wasl. 8 sold in the last 12 months.

Typical price per sqft
AED 1,911
Typical sale
AED 2.02M
Typical rent
AED 120K /yr
Typical yield
6.3%
1 Residences by Wasl Tower 1, Al Kifaf: prices, sales and rents →
Value
15012-bedAED 2.59M · Nov 2022
1502AED 2.88M · Oct 2025
15032-bedAED 2.52M · Mar 2023
15041-bedAED 1.5M · Jul 2023
15051-bedAED 1.5M · Jan 2023
15062-bedAED 2.72M · Sep 2023
15082-bedAED 2.6M · Dec 2022
1–7 of 9

1507, 1 Residences by Wasl Tower 1 in numbers

  • Sold once: by Wasl on 3 April 2023 for AED 2,192,768, or AED 1,722 per sqft.
  • Rented since June 2023 on 2 Ejari contracts, from AED 125,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2023 price is 6.4%.
  • Two-beds in 1 Residences by Wasl Tower 1 sold for AED 2,270,000–3,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,911 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 July 2024.

Questions about 1507, 1 Residences by Wasl Tower 1

What did unit 1507 last sell for?

AED 2,192,768 on 3 April 2023, sold by the developer: AED 1,722 per sqft for 1,273 sqft. It is the only registered sale of the unit.

What is the rent for unit 1507?

AED 140,000 a year on the contract signed on 1 July 2024. The previous contract, from June 2023, was AED 125,000.

How big is unit 1507?

1,273 sqft (118.3 sqm): a two-bedroom apartment on the 15th floor of a 42-storey tower completed in 2022.

What is unit 1507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in 1 Residences by Wasl Tower 1 sold for AED 2,270,000 to 3,200,000 in the last 12 months, around AED 2,074 per sqft.

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Mortgage on 1507, 1 Residences by Wasl Tower 1

Starts from the last sale price (AED 2.19M, 3 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,192,768
Deposit, UAE resident (20%)
AED 438,554
Deposit, non-resident (40%)
AED 877,107
Monthly over 25 years at 3.7%
AED 8,971

Plus AED 97,107 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →