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

4041, Al Tajer Residences

Sold prices and rental history: sold once, by the developer in August 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4041 · DLD and Ejari recordsUpdated 1 August 2022
Last soldAED 2M9 August 2010
Current rentAED 120K /yr1 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4041, Al Tajer Residences

What is 4041 worth today?

Last sold for AED 1,996,888 in 2010

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1 Aug 2022RentedRenewal
AED 120,000/yr12 months · AED 86 per sqft
1 May 2019RentedNew contract
AED 122,000/yr12 months · AED 87 per sqft
11 Feb 2017RentedNew contract
AED 160,000/yr12 months · AED 113 per sqft
19 Dec 2013RentedNew contract
AED 170,000/yr12 months · AED 121 per sqft
9 Aug 2010Sold by developerReady
AED 1,996,888AED 1,420 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2022.

Key facts

Type
2-bed apartment
Size
1,406 sqft
Floor
4th of 9
Parking
4. 77
Developer
Emaar
Completed
2008
Service charge
AED 33,000 /yr
Last sold
AED 2M · August 2010

About 4041, Al Tajer Residences

4041 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. The developer sold it on 9 August 2010 for AED 1,996,888, or AED 1,420 per sqft, 3% above the AED 1,374 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 1 August 2022, is AED 120,000 a year: a gross yield of 6.0% on the 2010 price, before the service charge of about AED 33,000 a year.

Sales and rents for 4041 over time

Sales
Unit 4041, 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, August 2010: AED 1,996,888 (AED 1,420 per sqft)

4041 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4041, 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, December 2013: AED 170,000 a yearNew contract, February 2017: AED 160,000 a yearNew contract, May 2019: AED 122,000 a yearRenewal, August 2022: AED 120,000 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 4041 sits

All 108 2-beds →

4041 last sold in August 2010 at AED 1,420 per sqft, 3% above what two-beds in Al Tajer Residences were fetching at the time (AED 1,374). 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. 4041's AED 120,000 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

4041, Al Tajer Residences in numbers

  • Sold once: by Emaar on 9 August 2010 for AED 1,996,888, or AED 1,420 per sqft.
  • Rented since December 2013 on 4 Ejari contracts, from AED 170,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2010 price is 6.0%, 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 1 August 2022.

Questions about 4041, Al Tajer Residences

What did unit 4041 last sell for?

AED 1,996,888 on 9 August 2010, sold by the developer: AED 1,420 per sqft for 1,406 sqft. It is the only registered sale of the unit.

What is the rent for unit 4041?

AED 120,000 a year on the contract renewed on 1 August 2022. The previous contract, from May 2019, was AED 122,000; the unit has been rented since December 2013.

How big is unit 4041?

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 4041 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 4041, Al Tajer Residences

Starts from the last sale price (AED 2M, 9 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,996,888
Deposit, UAE resident (20%)
AED 399,378
Deposit, non-resident (40%)
AED 798,755
Monthly over 25 years at 3.7%
AED 8,170

Plus AED 88,880 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →