2-bed · 1,713 sqftAl Khail Heights 1A-1B, Al Quoz Fourth · 2nd floor · completed 2018

224, Al Khail Heights 1A-1B

Sold prices and rental history: sold once, by the developer in November 2019, and rented once, from November 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 224 · DLD and Ejari recordsUpdated 1 November 2020
Last soldAED 502K26 November 2019
Current rentAED 70K /yr1 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 224, Al Khail Heights 1A-1B

What is 224 worth today?

Last sold for AED 501,887 in 2019

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1 Nov 2020RentedNew contract
AED 70,000/yr24 months · AED 41 per sqft
26 Nov 2019Sold by developerReady
AED 501,887AED 293 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2020.

Key facts

Type
2-bed apartment
Size
1,713 sqft
Floor
2nd of 4
Parking
G-337
Developer
Al Khail Heights
Completed
2018
Service charge
AED 18,300 /yr
Last sold
AED 502K · November 2019

About 224, Al Khail Heights 1A-1B

224 is a two-bedroom apartment of 1,713 sqft on the 2nd floor of Al Khail Heights 1A-1B, a 4-storey tower in Al Quoz Fourth completed in 2018 by Al Khail Heights. The developer sold it on 26 November 2019 for AED 501,887, or AED 293 per sqft, 8% below the AED 317 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2020. The current contract, signed on 1 November 2020, is AED 70,000 a year: a gross yield of 14.0% on the 2019 price, before the service charge of about AED 18,300 a year.

Sales and rents for 224 over time

Sales
Unit 224, each saleTypical two-bed in Al Khail Heights 1A-1B
500K1M2015201720192021Typical sale price by year: 2015 AED 1,052,446; 2019 AED 504,021; 2020 AED 471,100Sold by developer, November 2019: AED 501,887 (AED 293 per sqft)

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

Rents
Unit 224, each contractTypical two-bed in Al Khail Heights 1A-1B
60K80K2019202120232025Typical rent by year: 2019 AED 64,913; 2020 AED 65,000; 2021 AED 56,500; 2022 AED 62,567; 2023 AED 75,000; 2024 AED 70,000; 2025 AED 83,235New contract, November 2020: AED 70,000 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 Al Khail Heights 1A-1B, and where 224 sits

All 24 2-beds →

224 last sold in November 2019 at AED 293 per sqft, 8% below what two-beds in Al Khail Heights 1A-1B were fetching at the time (AED 317). Over the last 12 months two-beds sold for AED 1,500,000, around AED 1,084 per sqft, and rent for AED 85,158 to 85,158 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Feb 20251,350,000
3 Oct 20241,250,000
11 Jan 2023950,000
24 Feb 2020541,363
1 2-bed sale in the last 12 months

Al Khail Heights 1A-1B

Building

191 apartments, studios to 3-bed over 4 floors in Al Quoz Fourth, completed in 2018 by Al Khail Heights. 3 sold in the last 12 months.

Typical price per sqft
AED 891
Typical sale
AED 973K
Typical rent
AED 63K /yr
Typical yield
7.3%
Al Khail Heights 1A-1B, Al Quoz Fourth: prices, sales and rents →

Other units on the 2nd floor

All 191 units in Al Khail Heights 1A-1B
Value
201StudioAED 465K · Feb 2024
2021-bedAED 736K · Dec 2014
203StudioAED 508K · Jun 2015
2041-bedAED 600K · May 2023
205StudioAED 450K · Jan 2024
2061-bedAED 766K · Apr 2015
2073-bedAED 1.51M · Oct 2015
1–7 of 39

224, Al Khail Heights 1A-1B in numbers

  • Sold once: by Al Khail Heights on 26 November 2019 for AED 501,887, or AED 293 per sqft.
  • Rented since November 2020 on one Ejari contract, at AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2019 price is 14.0%, before a service charge of about AED 18,300 a year (AED 10.71 per sqft).
  • Two-beds in Al Khail Heights 1A-1B sold for AED 1,500,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 891 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2020.

Questions about 224, Al Khail Heights 1A-1B

What did unit 224 last sell for?

AED 501,887 on 26 November 2019, sold by the developer: AED 293 per sqft for 1,713 sqft. It is the only registered sale of the unit.

What is the rent for unit 224?

AED 70,000 a year on the contract signed on 1 November 2020.

How big is unit 224?

1,713 sqft (159.1 sqm): a two-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2018.

What is unit 224 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Khail Heights 1A-1B sold for AED 1,500,000 to 1,500,000 in the last 12 months, around AED 1,084 per sqft.

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Mortgage on 224, Al Khail Heights 1A-1B

Starts from the last sale price (AED 502K, 26 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 501,887
Deposit, UAE resident (20%)
AED 100,377
Deposit, non-resident (40%)
AED 200,755
Monthly over 25 years at 3.7%
AED 2,053

Plus AED 26,089 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →