2-bed · 1,676 sqftOpera Grand, Downtown Dubai · 7th floor · completed 2021

705, Opera Grand

Sold prices and rental history: sold once, by the developer in October 2014, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 4.69M27 October 2014
Current rentAED 245K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 705, Opera Grand

What is 705 worth today?

Last sold for AED 4,688,888 in 2014

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1 Sep 2024RentedRenewal
AED 245,000/yr12 months · AED 146 per sqft
1 Aug 2022RentedNew contract
AED 190,000/yr12 months · AED 113 per sqft
27 Oct 2014Sold by developerOff-plan
AED 4,688,888AED 2,797 per sqft

Source: Dubai Land Department. Updated 1 September 2024.

Key facts

Type
2-bed apartment
Size
1,676 sqft
Floor
7th of 67
Parking
B4-125
Developer
Emaar
Completed
2021
Service charge
AED 38,600 /yr
Last sold
AED 4.69M · October 2014
Building
Opera Grand

About 705, Opera Grand

705 is a two-bedroom apartment of 1,676 sqft on the 7th floor of Opera Grand, a 67-storey tower in Downtown Dubai completed in 2021 by Emaar. The developer sold it on 27 October 2014 for AED 4,688,888, or AED 2,797 per sqft, in line with the AED 2,833 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 245,000 a year: a gross yield of 5.2% on the 2014 price, before the service charge of about AED 38,600 a year.

Sales and rents for 705 over time

Sales
Unit 705, each saleTypical two-bed in Opera Grand
4M6M20142017202020232026Typical 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 4,688,888 (AED 2,797 per sqft)

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

Rents
Unit 705, each contractTypical two-bed in Opera Grand
200K225K250K202220242026Typical 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 190,000 a yearRenewal, September 2024: AED 245,000 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 705 sits

All 141 2-beds →

705 last sold in October 2014 at AED 2,797 per sqft, in line with what two-beds in Opera Grand were fetching at the time (AED 2,833). 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. 705's AED 245,000 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 7th floor

All 293 units in Opera Grand
Value
7012-bedAED 4.65M · Oct 2014
7022-bedAED 6.35M · Oct 2014
7033-bedAED 7.14M · Feb 2018
7042-bedAED 3.5M · Feb 2025

705, Opera Grand in numbers

  • Sold once: by Emaar on 27 October 2014 for AED 4,688,888, or AED 2,797 per sqft.
  • Rented since August 2022 on 2 Ejari contracts, from AED 190,000 to AED 245,000 a year.
  • At AED 245,000 a year the gross yield on the 2014 price is 5.2%, before a service charge of about AED 38,600 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 1 September 2024.

Questions about 705, Opera Grand

What did unit 705 last sell for?

AED 4,688,888 on 27 October 2014, sold by the developer: AED 2,797 per sqft for 1,676 sqft. It is the only registered sale of the unit.

What is the rent for unit 705?

AED 245,000 a year on the contract renewed on 1 September 2024. The previous contract, from August 2022, was AED 190,000.

How big is unit 705?

1,676 sqft (155.7 sqm): a two-bedroom apartment on the 7th floor of a 67-storey tower completed in 2021.

What is unit 705 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 705, Opera Grand

Starts from the last sale price (AED 4.69M, 27 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 4,688,888
Deposit, UAE resident (20%)
AED 937,778
Deposit, non-resident (40%)
AED 1,875,555
Monthly over 25 years at 3.7%
AED 19,184

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →