2-bed · 1,273 sqft1 Residences by Wasl Tower 1, Al Kifaf · 6th floor · completed 2022

607, 1 Residences by Wasl Tower 1

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

Unit 607 · DLD and Ejari recordsUpdated 15 May 2024
Last soldAED 2.05M20 February 2023
Current rentAED 135K /yr15 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 607, 1 Residences by Wasl Tower 1

What is 607 worth today?

Last sold for AED 2,045,492 in 2023

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15 May 2024RentedNew contract
AED 135,000/yr12 months · AED 106 per sqft
15 May 2023RentedNew contract
AED 135,000/yr12 months · AED 106 per sqft
20 Feb 2023Sold by developerReady
AED 2,045,492AED 1,606 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 May 2024.

Key facts

Type
2-bed apartment
Size
1,273 sqft
Floor
6th of 42
Parking
B3-69
Developer
Wasl
Completed
2022
Last sold
AED 2.05M · February 2023

About 607, 1 Residences by Wasl Tower 1

607 is a two-bedroom apartment of 1,273 sqft on the 6th 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 20 February 2023 for AED 2,045,492, or AED 1,606 per sqft, 8% below the AED 1,738 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 15 May 2024, is AED 135,000 a year: a gross yield of 6.6% on the 2023 price.

Sales and rents for 607 over time

Sales
Unit 607, each saleTypical two-bed in 1 Residences by Wasl Tower 1
2M2.5M3M20222023202420252026Typical 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, February 2023: AED 2,045,492 (AED 1,606 per sqft)

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

Rents
Unit 607, each contractTypical two-bed in 1 Residences by Wasl Tower 1
150K175K20232024202520262027Typical rent by year: 2023 AED 150,000; 2024 AED 154,000; 2025 AED 155,000; 2026 AED 185,000New contract, May 2023: AED 135,000 a yearNew contract, May 2024: AED 135,000 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 607 sits

All 197 2-beds →

607 last sold in February 2023 at AED 1,606 per sqft, 8% below what two-beds in 1 Residences by Wasl Tower 1 were fetching at the time (AED 1,738). 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. 607's AED 135,000 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. 9 sold in the last 12 months.

Typical price per sqft
AED 1,990
Typical sale
AED 2.27M
Typical rent
AED 120K /yr
Typical yield
6.0%
1 Residences by Wasl Tower 1, Al Kifaf: prices, sales and rents →
Value
6012-bedAED 2.58M · Nov 2022
6022-bedAED 2.14M · Nov 2022
6032-bedAED 2.08M · Nov 2022
6041-bedAED 1.33M · Nov 2022
6051-bedAED 1.39M · Nov 2022
6062-bedAED 2.25M · Nov 2024
6082-bedAED 2.17M · Jan 2023
1–7 of 9

607, 1 Residences by Wasl Tower 1 in numbers

  • Sold once: by Wasl on 20 February 2023 for AED 2,045,492, or AED 1,606 per sqft.
  • Rented since May 2023 on 2 Ejari contracts, at AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2023 price is 6.6%.
  • 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 1,990 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 15 May 2024.

Questions about 607, 1 Residences by Wasl Tower 1

What did unit 607 last sell for?

AED 2,045,492 on 20 February 2023, sold by the developer: AED 1,606 per sqft for 1,273 sqft. It is the only registered sale of the unit.

What is the rent for unit 607?

AED 135,000 a year on the contract signed on 15 May 2024. The previous contract, from May 2023, was AED 135,000.

How big is unit 607?

1,273 sqft (118.3 sqm): a two-bedroom apartment on the 6th floor of a 42-storey tower completed in 2022.

What is unit 607 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 607, 1 Residences by Wasl Tower 1

Starts from the last sale price (AED 2.05M, 20 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,045,492
Deposit, UAE resident (20%)
AED 409,098
Deposit, non-resident (40%)
AED 818,197
Monthly over 25 years at 3.7%
AED 8,369

Plus AED 90,921 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →