2-bed · 1,887 sqftAl Tajer Residences, Downtown Dubai · 1st floor · completed 2008

1027, Al Tajer Residences

Sold prices and rental history: sold twice, last in April 2010, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1027 · DLD and Ejari recordsUpdated 5 September 2024
Last soldAED 2.7M27 April 2010
Current rentAED 205K /yr5 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1027, Al Tajer Residences

What is 1027 worth today?

Last sold for AED 2,700,000 in 2010

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5 Sep 2024RentedNew contract
AED 205,000/yr12 months · AED 109 per sqft
1 Jun 2023RentedRenewal
AED 145,000/yr12 months · AED 77 per sqft
1 Jun 2022RentedRenewal
AED 130,000/yr12 months · AED 69 per sqft
1 Jun 2021RentedRenewal
AED 123,000/yr12 months · AED 65 per sqft
1 Jun 2019RentedRenewal
AED 140,000/yr12 months · AED 74 per sqft
15 Apr 2015RentedNew contract
AED 200,000/yr12 months · AED 106 per sqft
27 Apr 2010SoldReady
AED 2,700,000AED 1,430 per sqft
9 Nov 2009Sold by developerReady
AED 1,208,944AED 640 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 5 September 2024.

Key facts

Type
2-bed apartment
Size
1,887 sqft
Floor
1st of 9
Parking
L4-24
Developer
Emaar
Completed
2008
Service charge
AED 44,300 /yr
Last sold
AED 2.7M · April 2010

About 1027, Al Tajer Residences

1027 is a two-bedroom apartment of 1,887 sqft on the 1st floor of Al Tajer Residences, a 9-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 27 April 2010 for AED 2,700,000, or AED 1,430 per sqft, in line with the AED 1,413 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 5 September 2024, is AED 205,000 a year: a gross yield of 7.6% on the 2010 price, before the service charge of about AED 44,300 a year.

Sales and rents for 1027 over time

Sales
Unit 1027, each saleTypical two-bed in Al Tajer Residences
2M4M2008201320182023Typical sale price by year: 2008 AED 2,093,888; 2009 AED 2,055,703; 2010 AED 2,051,888; 2011 AED 2,200,000; 2012 AED 2,118,842; 2013 AED 2,694,400; 2014 AED 3,685,444; 2015 AED 3,400,000; 2016 AED 2,119,506; 2017 AED 2,975,000; 2018 AED 2,500,000; 2019 AED 2,160,000; 2020 AED 2,100,000; 2021 AED 2,125,000; 2022 AED 2,625,000; 2023 AED 3,350,000; 2024 AED 3,260,000; 2025 AED 3,912,500; 2026 AED 4,000,000Sold by developer, November 2009: AED 1,208,944 (AED 640 per sqft)Sold, April 2010: AED 2,700,000 (AED 1,430 per sqft)

1027 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1027, each contractTypical two-bed in Al Tajer Residences
150K200K2012201620202024Typical rent by year: 2012 AED 150,000; 2013 AED 170,000; 2014 AED 189,491; 2015 AED 195,000; 2016 AED 180,000; 2017 AED 180,000; 2018 AED 160,000; 2019 AED 145,000; 2020 AED 125,000; 2021 AED 120,000; 2022 AED 144,732; 2023 AED 160,000; 2024 AED 180,000; 2025 AED 187,500; 2026 AED 225,000New contract, April 2015: AED 200,000 a yearRenewal, June 2019: AED 140,000 a yearRenewal, June 2021: AED 123,000 a yearRenewal, June 2022: AED 130,000 a yearRenewal, June 2023: AED 145,000 a yearNew contract, September 2024: AED 205,000 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 Tajer Residences, and where 1027 sits

All 108 2-beds →

1027 last sold in April 2010 at AED 1,430 per sqft, in line with what two-beds in Al Tajer Residences were fetching at the time (AED 1,413). Over the last 12 months two-beds sold for AED 3,850,000 to 4,500,000, around AED 2,713 per sqft, and rent for AED 160,000 to 400,000 a year. 1027's AED 205,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Feb 20263,850,000
2 Feb 20264,000,000
17 Jan 20264,500,000
1 Jul 20253,925,000
3 2-bed sales in the last 12 months

Al Tajer Residences

Building

248 apartments, 1-bed to 3-bed over 9 floors in Downtown Dubai, completed in 2008 by Emaar. 4 sold in the last 12 months.

Typical price per sqft
AED 2,802
Typical sale
AED 3.93M
Typical rent
AED 150K /yr
Typical yield
4.7%
Al Tajer Residences, Downtown Dubai: prices, sales and rents →

Other units on the 1st floor

All 248 units in Al Tajer Residences
Value
10201-bedAED 2.25M · Nov 2015
10212-bedAED 2M · Jan 2021
10222-bedAED 2.5M · Jun 2018
10231-bedAED 2.53M · Jun 2015
10242-bedAED 921K · Jul 2012
10261-bedAED 1.64M · May 2012
10282-bedAED 2.87M · Aug 2011

1027, Al Tajer Residences in numbers

  • Sold twice: first on 9 November 2009 for AED 1,208,944, last on 27 April 2010 for AED 2,700,000 (AED 1,430 per sqft).
  • Rented since April 2015 on 6 Ejari contracts. The rent fell from AED 200,000 to AED 123,000 in 2021 and recovered to AED 205,000 by September 2024.
  • At AED 205,000 a year the gross yield on the 2010 price is 7.6%, before a service charge of about AED 44,300 a year (AED 23.45 per sqft).
  • Two-beds in Al Tajer Residences sold for AED 3,850,000–4,500,000 in the 12 months to November 2026; the building's median across all types is AED 2,802 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 5 September 2024.

Questions about 1027, Al Tajer Residences

What did unit 1027 last sell for?

AED 2,700,000 on 27 April 2010: AED 1,430 per sqft for 1,887 sqft. The unit has 2 registered sales; the first was AED 1,208,944 in November 2009.

What is the rent for unit 1027?

AED 205,000 a year on the contract signed on 5 September 2024. The previous contract, from June 2023, was AED 145,000; the unit has been rented since April 2015.

How big is unit 1027?

1,887 sqft (175.3 sqm): a two-bedroom apartment on the 1st floor of a 9-storey tower completed in 2008.

What is unit 1027 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Tajer Residences sold for AED 3,850,000 to 4,500,000 in the last 12 months, around AED 2,713 per sqft.

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Mortgage on 1027, Al Tajer Residences

Starts from the last sale price (AED 2.7M, 27 April 2010). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

Plus AED 118,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →