2-bed · 820 sqftOpera Grand, Downtown Dubai · 14th floor · completed 2021

1404, Opera Grand

Sold prices and rental history: sold twice, last in June 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1404 · DLD and Ejari recordsUpdated 11 June 2024
Last soldAED 2M11 June 2024
Current rentAED 210K /yr20 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1404, Opera Grand

What is 1404 worth today?

Last sold for AED 2,000,000 in 2024

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11 Jun 2024SoldReady
AED 2,000,000AED 2,439 per sqft
20 Apr 2024RentedRenewal
AED 210,000/yr12 months · AED 128 per sqft
20 Apr 2023RentedNew contract
AED 210,000/yr12 months · AED 128 per sqft
1 Aug 2022RentedNew contract
AED 235,000/yr13 months · AED 143 per sqft
28 Oct 2014Sold by developerOff-plan
AED 6,505,888AED 3,947 per sqft

Source: Dubai Land Department. Updated 11 June 2024.

Key facts

Type
2-bed apartment
Size
820 sqft
Floor
14th of 67
Parking
B4-26
Developer
Emaar
Completed
2021
Service charge
AED 18,900 /yr
Last sold
AED 2M · June 2024
Building
Opera Grand

About 1404, Opera Grand

1404 is a two-bedroom apartment of 820 sqft on the 14th floor of Opera Grand, a 67-storey tower in Downtown Dubai completed in 2021 by Emaar. It last sold on 11 June 2024 for AED 2,000,000, or AED 2,439 per sqft, 13% below the AED 2,802 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 20 April 2024, is AED 210,000 a year: a gross yield of 10.5% on the 2024 price, before the service charge of about AED 18,900 a year.

Sales and rents for 1404 over time

Sales
Unit 1404, each saleTypical two-bed in Opera Grand
2.5M5M7.5M20142017202020232026Typical sale price by year: 2014 AED 4,864,888; 2015 AED 4,879,888; 2017 AED 6,496,888; 2018 AED 3,300,000; 2019 AED 3,954,444; 2020 AED 6,472,888; 2021 AED 6,717,888; 2022 AED 5,123,888; 2023 AED 4,237,183; 2024 AED 4,575,000; 2025 AED 4,750,000Sold by developer, October 2014: AED 6,505,888 (AED 3,947 per sqft)Sold, June 2024: AED 2,000,000 (AED 2,439 per sqft)

1404 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1404, each contractTypical two-bed in Opera Grand
220K240K202220242026Typical rent by year: 2022 AED 210,000; 2023 AED 225,000; 2024 AED 240,000; 2025 AED 240,000; 2026 AED 227,500New contract, August 2022: AED 235,000 a yearNew contract, April 2023: AED 210,000 a yearRenewal, April 2024: AED 210,000 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 Opera Grand, and where 1404 sits

All 141 2-beds →

1404 last sold in June 2024 at AED 2,439 per sqft, 13% below what two-beds in Opera Grand were fetching at the time (AED 2,802). Over the last 12 months two-beds sold for AED 4,300,000 to 5,100,000, around AED 2,802 per sqft, and rent for AED 185,000 to 330,000 a year. 1404's AED 210,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Feb 20264,600,000
16 Jan 20265,100,000
12 Dec 20254,800,000
20 Jun 20254,800,000
5 2-bed sales in the last 12 months

Opera Grand

Building

293 apartments, 1-bed to 5-bed over 67 floors in Downtown Dubai, completed in 2021 by Emaar. 8 sold in the last 12 months.

Typical price per sqft
AED 2,944
Typical sale
AED 5.05M
Typical rent
AED 245K /yr
Typical yield
5.6%
Opera Grand, Downtown Dubai: prices, sales and rents →

Other units on the 14th floor

All 293 units in Opera Grand
Value
14012-bedAED 3.9M · Nov 2024
14022-bedAED 6.38M · Oct 2014
14033-bedAED 8.22M · Oct 2017
14052-bedAED 4.72M · Oct 2014

1404, Opera Grand in numbers

  • Sold twice: first on 28 October 2014 for AED 6,505,888, last on 11 June 2024 for AED 2,000,000 (AED 2,439 per sqft).
  • Rented since August 2022 on 3 Ejari contracts, from AED 235,000 to AED 210,000 a year.
  • At AED 210,000 a year the gross yield on the 2024 price is 10.5%, before a service charge of about AED 18,900 a year (AED 23.00 per sqft).
  • Two-beds in Opera Grand sold for AED 4,300,000–5,100,000 in the 12 months to November 2026; the building's median across all types is AED 2,944 per sqft.

Source: Dubai Land Department. Updated 11 June 2024.

Questions about 1404, Opera Grand

What did unit 1404 last sell for?

AED 2,000,000 on 11 June 2024: AED 2,439 per sqft for 820 sqft. The unit has 2 registered sales; the first was AED 6,505,888 in October 2014.

What is the rent for unit 1404?

AED 210,000 a year on the contract renewed on 20 April 2024. The previous contract, from April 2023, was AED 210,000; the unit has been rented since August 2022.

How big is unit 1404?

820 sqft (76.2 sqm): a two-bedroom apartment on the 14th floor of a 67-storey tower completed in 2021.

What is unit 1404 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Opera Grand sold for AED 4,300,000 to 5,100,000 in the last 12 months, around AED 2,802 per sqft.

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Mortgage on 1404, Opera Grand

Starts from the last sale price (AED 2M, 11 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

Plus AED 89,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →