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2-bed · 1,261 sqftJ5 - Al Sufouh, Al Sufouh First · 3rd floor · completed 2015

308, J5 - Al Sufouh

Sold prices and rental history: sold once, by the developer in December 2015, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 13 December 2024
Last soldAED 1.97M23 December 2015
Current rentAED 140K /yr13 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308, J5 - Al Sufouh

What is 308 worth today?

Last sold for AED 1,966,839 in 2015

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13 Dec 2024RentedNew contract
AED 140,000/yr12 months · AED 111 per sqft
5 Feb 2024RentedRenewal
AED 89,302/yr12 months · AED 71 per sqft
5 Feb 2023RentedRenewal
AED 85,050/yr12 months · AED 67 per sqft
5 Feb 2021RentedNew contract
AED 81,000/yr12 months · AED 64 per sqft
5 Jan 2020RentedNew contract
AED 90,000/yr13 months · AED 71 per sqft
1 Jun 2018RentedNew contract
AED 120,000/yr12 months · AED 95 per sqft
23 Dec 2015Sold by developerReady
AED 1,966,839AED 1,560 per sqft

Source: Dubai Land Department. Updated 13 December 2024.

Key facts

Type
2-bed apartment
Size
1,261 sqft
Floor
3rd of 5
Parking
G-01
Developer
Aqua Real Estate Development
Completed
2015
Service charge
AED 23,300 /yr
Last sold
AED 1.97M · December 2015
Building
J5 - Al Sufouh

About 308, J5 - Al Sufouh

308 is a two-bedroom apartment of 1,261 sqft on the 3rd floor of J5 - Al Sufouh, a 5-storey tower in Al Sufouh First completed in 2015 by Aqua Real Estate Development. The developer sold it on 23 December 2015 for AED 1,966,839, or AED 1,560 per sqft, 20% above the AED 1,301 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 13 December 2024, is AED 140,000 a year: a gross yield of 7.1% on the 2015 price, before the service charge of about AED 23,300 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical two-bed in J5 - Al Sufouh
1.6M1.8M2M201520162017Typical sale price by year: 2015 AED 1,617,492; 2016 AED 2,000,000Sold by developer, December 2015: AED 1,966,839 (AED 1,560 per sqft)

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

Rents
Unit 308, each contractTypical two-bed in J5 - Al Sufouh
100K150K2016201920222025Typical rent by year: 2016 AED 140,000; 2017 AED 122,500; 2018 AED 105,000; 2019 AED 90,000; 2020 AED 82,500; 2021 AED 80,000; 2022 AED 85,000; 2023 AED 88,725; 2024 AED 98,500; 2025 AED 106,975New contract, June 2018: AED 120,000 a yearNew contract, January 2020: AED 90,000 a yearNew contract, February 2021: AED 81,000 a yearRenewal, February 2023: AED 85,050 a yearRenewal, February 2024: AED 89,302 a yearNew contract, December 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 J5 - Al Sufouh, and where 308 sits

All 12 2-beds →

308 last sold in December 2015 at AED 1,560 per sqft, 20% above what two-beds in J5 - Al Sufouh were fetching at the time (AED 1,301).

Recent 2-bed salesUnit no.Price (AED)Summary
13 May 20241,600,000
13 Jun 20231,350,000
13 Feb 20232,010,000
3 Oct 20191,546,935
0 2-bed sales in the last 12 months

J5 - Al Sufouh

Building

48 apartments, 1-bed to 3-bed over 5 floors in Al Sufouh First, completed in 2015 by Aqua Real Estate Development. 2 sold in the last 12 months.

Typical price per sqft
AED 1,668
Typical sale
AED 1.27M
Typical rent
AED 85K /yr
Typical yield
6.6%
J5 - Al Sufouh, Al Sufouh First: prices, sales and rents →

Other units on the 3rd floor

All 48 units in J5 - Al Sufouh
Value
3011-bedAED 1.13M · Aug 2024
3022-bedAED 1.68M · Oct 2015
3032-bedAED 2.01M · Feb 2023
3041-bedAED 1.3M · May 2016
3051-bedAED 907K · Oct 2015
3061-bedAED 1.05M · Jun 2024
3071-bedAED 1.1M · Jul 2024
1–7 of 11

308, J5 - Al Sufouh in numbers

  • Sold once: by Aqua Real Estate Development on 23 December 2015 for AED 1,966,839, or AED 1,560 per sqft.
  • Rented since June 2018 on 6 Ejari contracts. The rent fell from AED 120,000 to AED 81,000 in 2021 and recovered to AED 140,000 by December 2024.
  • At AED 140,000 a year the gross yield on the 2015 price is 7.1%, before a service charge of about AED 23,300 a year (AED 18.47 per sqft).

Source: Dubai Land Department. Updated 13 December 2024.

Questions about 308, J5 - Al Sufouh

What did unit 308 last sell for?

AED 1,966,839 on 23 December 2015, sold by the developer: AED 1,560 per sqft for 1,261 sqft. It is the only registered sale of the unit.

What is the rent for unit 308?

AED 140,000 a year on the contract signed on 13 December 2024. The previous contract, from February 2024, was AED 89,302; the unit has been rented since June 2018.

How big is unit 308?

1,261 sqft (117.2 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2015.

What is unit 308 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 308, J5 - Al Sufouh

Starts from the last sale price (AED 1.97M, 23 December 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,966,839
Deposit, UAE resident (20%)
AED 393,368
Deposit, non-resident (40%)
AED 786,736
Monthly over 25 years at 3.7%
AED 8,047

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