Home
Dubai prices
About
Research
2-bed · 1,406 sqftAl Tajer Residences, Downtown Dubai · 4th floor · completed 2008

4040, Al Tajer Residences

Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4040 · DLD and Ejari recordsUpdated 4 May 2023
Last soldAED 2.9M4 May 2023
Current rentAED 40K /yr25 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4040, Al Tajer Residences

What is 4040 worth today?

Last sold for AED 2,900,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

4 May 2023SoldReady
AED 2,900,000AED 2,062 per sqft
25 Nov 2020RentedNew contract · flagged as an outlier
AED 40,000/yr12 months · AED 28 per sqft
20 Apr 2017RentedRenewal
AED 220,000/yr12 months · AED 156 per sqft
20 Apr 2015RentedNew contract
AED 220,000/yr12 months · AED 156 per sqft
23 Apr 2014RentedNew contract
AED 220,000/yr12 months · AED 156 per sqft
11 Dec 2011Sold by developerReady
AED 1,996,888AED 1,420 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 4 May 2023.

Key facts

Type
2-bed apartment
Size
1,406 sqft
Floor
4th of 9
Parking
L4-76
Developer
Emaar
Completed
2008
Service charge
AED 33,000 /yr
Last sold
AED 2.9M · May 2023
Building
Al Tajer Residences

About 4040, Al Tajer Residences

4040 is a two-bedroom apartment of 1,406 sqft on the 4th floor of Al Tajer Residences, a 9-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 4 May 2023 for AED 2,900,000, or AED 2,062 per sqft, 5% above the AED 1,963 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 25 November 2020, is AED 40,000 a year: a gross yield of 1.4% on the 2023 price, before the service charge of about AED 33,000 a year.

Sales and rents for 4040 over time

Sales
Unit 4040, each saleTypical two-bed in Al Tajer Residences
2M3M4M2008201320182023Typical 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, December 2011: AED 1,996,888 (AED 1,420 per sqft)Sold, May 2023: AED 2,900,000 (AED 2,062 per sqft)

4040 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4040, 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 2014: AED 220,000 a yearNew contract, April 2015: AED 220,000 a yearRenewal, April 2017: AED 220,000 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 4040 sits

All 108 2-beds →

4040 last sold in May 2023 at AED 2,062 per sqft, 5% above what two-beds in Al Tajer Residences were fetching at the time (AED 1,963). 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. 4040's AED 40,000 is at the bottom 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 4th floor

All 248 units in Al Tajer Residences
Value
40012-bedAED 3M · Dec 2012
40021-bedAED 2.85M · Dec 2024
40031-bedAED 2.25M · Jan 2017
40041-bedAED 2M · Jul 2023
40051-bedAED 1.78M · Mar 2010
40061-bedAED 1.6M · Oct 2016
40071-bedAED 1.48M · Mar 2019
1–7 of 42

4040, Al Tajer Residences in numbers

  • Sold twice: first on 11 December 2011 for AED 1,996,888, last on 4 May 2023 for AED 2,900,000 (AED 2,062 per sqft).
  • Rented since April 2014 on 4 Ejari contracts, from AED 220,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2023 price is 1.4%, before a service charge of about AED 33,000 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 4 May 2023.

Questions about 4040, Al Tajer Residences

What did unit 4040 last sell for?

AED 2,900,000 on 4 May 2023: AED 2,062 per sqft for 1,406 sqft. The unit has 2 registered sales; the first was AED 1,996,888 in December 2011.

What is the rent for unit 4040?

AED 40,000 a year on the contract signed on 25 November 2020. The previous contract, from April 2017, was AED 220,000; the unit has been rented since April 2014.

How big is unit 4040?

1,406 sqft (130.6 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2008.

What is unit 4040 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.

Selling 4040? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 4040, Al Tajer Residences

Starts from the last sale price (AED 2.9M, 4 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

Plus AED 126,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →