1-bed · 1,014 sqftChurchill Residency, Business Bay · 10th floor · completed 2009

1007, Churchill Residency

Sold prices and rental history: sold 3 times, last in February 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1007 · DLD and Ejari recordsUpdated 2 February 2016
Last soldAED 1.2M2 February 2016
Current rentAED 75K /yr1 December 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1007, Churchill Residency

What is 1007 worth today?

Last sold for AED 1,200,000 in 2016

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2 Feb 2016SoldReady
AED 1,200,000AED 1,183 per sqft
1 Dec 2014RentedNew contract
AED 75,000/yr12 months · AED 74 per sqft
1 Dec 2013RentedNew contract
AED 70,000/yr12 months · AED 69 per sqft
10 Dec 2012SoldReady
AED 962,547AED 949 per sqft
10 Mar 2010Sold by developerOff-plan
AED 962,547AED 949 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 2 February 2016.

Key facts

Type
1-bed apartment
Size
1,014 sqft
Floor
10th of 56
Parking
B2-490
Developer
Emirates National Investment Co
Completed
2009
Service charge
AED 14,400 /yr
Last sold
AED 1.2M · February 2016

About 1007, Churchill Residency

1007 is a one-bedroom apartment of 1,014 sqft on the 10th floor of Churchill Residency, a 56-storey tower in Business Bay completed in 2009 by Emirates National Investment Co. It last sold on 2 February 2016 for AED 1,200,000, or AED 1,183 per sqft, 12% below the AED 1,342 one-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 1 December 2014, is AED 75,000 a year: a gross yield of 6.3% on the 2016 price, before the service charge of about AED 14,400 a year.

Sales and rents for 1007 over time

Sales
Unit 1007, each saleTypical one-bed in Churchill Residency
1M20102014201820222026Typical sale price by year: 2010 AED 848,456; 2011 AED 754,183; 2012 AED 775,563; 2013 AED 984,138; 2014 AED 1,300,000; 2015 AED 1,300,000; 2016 AED 1,200,000; 2017 AED 1,230,000; 2018 AED 1,080,000; 2019 AED 895,000; 2020 AED 720,000; 2021 AED 800,000; 2022 AED 835,000; 2023 AED 1,000,000; 2024 AED 1,070,000; 2025 AED 1,135,000Sold by developer, March 2010: AED 962,547 (AED 949 per sqft)Sold, December 2012: AED 962,547 (AED 949 per sqft)Sold, February 2016: AED 1,200,000 (AED 1,183 per sqft)

1007 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1007, each contractTypical one-bed in Churchill Residency
60K80K20112015201920232027Typical rent by year: 2011 AED 60,000; 2012 AED 58,000; 2013 AED 61,668; 2014 AED 80,000; 2015 AED 90,000; 2016 AED 87,000; 2017 AED 85,000; 2018 AED 75,000; 2019 AED 68,000; 2020 AED 57,000; 2021 AED 54,075; 2022 AED 60,000; 2023 AED 70,000; 2024 AED 80,000; 2025 AED 83,675; 2026 AED 80,000New contract, December 2013: AED 70,000 a yearNew contract, December 2014: AED 75,000 a year

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

1-beds in Churchill Residency, and where 1007 sits

All 236 1-beds →

1007 last sold in February 2016 at AED 1,183 per sqft, 12% below what one-beds in Churchill Residency were fetching at the time (AED 1,342). Over the last 12 months one-beds sold for AED 1,250,000 to 1,700,000, around AED 1,322 per sqft, and rent for AED 68,400 to 115,000 a year. 1007's AED 75,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
15 Jan 20261,300,000
12 Jan 20261,320,000
9 Jul 20251,120,000
8 Jul 20251,250,000
8 1-bed sales in the last 12 months

Churchill Residency

Building

472 apartments, 1-bed to 3-bed over 56 floors in Business Bay, completed in 2009 by Emirates National Investment Co. 15 sold in the last 12 months.

Typical price per sqft
AED 1,433 Up 2.8%
Typical sale
AED 1.7M
Typical rent
AED 94K /yr
Typical yield
6.5%
Churchill Residency, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 472 units in Churchill Residency
Value
10011-bedAED 1.24M · Aug 2013
10021-bedAED 1.01M · May 2014
10031-bedAED 900K · Jun 2012
10041-bedAED 600K · Jun 2012
10051-bedAED 759K · Mar 2010
10061-bedAED 918K · Jan 2012
10081-bedAED 1.15M · Jan 2013
1–7 of 9

1007, Churchill Residency in numbers

  • Sold 3 times: first on 10 March 2010 for AED 962,547, last on 2 February 2016 for AED 1,200,000 (AED 1,183 per sqft).
  • Rented since December 2013 on 2 Ejari contracts, from AED 70,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2016 price is 6.3%, before a service charge of about AED 14,400 a year (AED 14.19 per sqft).
  • One-beds in Churchill Residency sold for AED 1,250,000–1,700,000 in the 12 months to November 2026; the building's median across all types is AED 1,433 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 2 February 2016.

Questions about 1007, Churchill Residency

What did unit 1007 last sell for?

AED 1,200,000 on 2 February 2016: AED 1,183 per sqft for 1,014 sqft. The unit has 3 registered sales; the first was AED 962,547 in March 2010.

What is the rent for unit 1007?

AED 75,000 a year on the contract signed on 1 December 2014. The previous contract, from December 2013, was AED 70,000.

How big is unit 1007?

1,014 sqft (94.2 sqm): a one-bedroom apartment on the 10th floor of a 56-storey tower completed in 2009.

What is unit 1007 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Churchill Residency sold for AED 1,250,000 to 1,700,000 in the last 12 months, around AED 1,322 per sqft.

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Mortgage on 1007, Churchill Residency

Starts from the last sale price (AED 1.2M, 2 February 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

Plus AED 55,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →