2-bed · 1,082 sqftHarbour Gate Tower 1, Dubai Creek Harbour · 24th floor · completed 2022

2406, Harbour Gate Tower 1

Sold prices and rental history: sold once, by the developer in September 2020, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2406 · DLD and Ejari recordsUpdated 10 March 2024
Last soldAED 1.55M30 September 2020
Current rentAED 110K /yr10 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2406, Harbour Gate Tower 1

What is 2406 worth today?

Last sold for AED 1,550,888 in 2020

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10 Mar 2024RentedRenewal
AED 110,000/yr12 months · AED 102 per sqft
10 Mar 2023RentedNew contract
AED 110,000/yr12 months · AED 102 per sqft
30 Sep 2020Sold by developerOff-plan
AED 1,550,888AED 1,433 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 March 2024.

Key facts

Type
2-bed apartment
Size
1,082 sqft
Floor
24th of 37
Parking
B2-050
Developer
Emaar
Completed
2022
Service charge
AED 23,000 /yr
Last sold
AED 1.55M · September 2020

About 2406, Harbour Gate Tower 1

2406 is a two-bedroom apartment of 1,082 sqft on the 24th floor of Harbour Gate Tower 1, a 37-storey tower in Dubai Creek Harbour completed in 2022 by Emaar. The developer sold it on 30 September 2020 for AED 1,550,888, or AED 1,433 per sqft, 8% above the AED 1,327 two-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 10 March 2024, is AED 110,000 a year: a gross yield of 7.1% on the 2020 price, before the service charge of about AED 23,000 a year.

Sales and rents for 2406 over time

Sales
Unit 2406, each saleTypical two-bed in Harbour Gate Tower 1
1.5M2M2.5M2017202020232026Typical sale price by year: 2017 AED 1,497,888; 2018 AED 1,455,888; 2019 AED 1,458,388; 2020 AED 1,514,888; 2021 AED 1,363,444; 2022 AED 2,349,888; 2023 AED 2,135,000; 2024 AED 2,450,000; 2025 AED 2,465,000Sold by developer, September 2020: AED 1,550,888 (AED 1,433 per sqft)

2406 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2406, each contractTypical two-bed in Harbour Gate Tower 1
120K140K202220242026Typical rent by year: 2022 AED 115,000; 2023 AED 122,875; 2024 AED 130,000; 2025 AED 137,452; 2026 AED 145,000New contract, March 2023: AED 110,000 a yearRenewal, March 2024: AED 110,000 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 Harbour Gate Tower 1, and where 2406 sits

All 118 2-beds →

2406 last sold in September 2020 at AED 1,433 per sqft, 8% above what two-beds in Harbour Gate Tower 1 were fetching at the time (AED 1,327). Over the last 12 months two-beds sold for AED 2,480,000 to 3,100,000, around AED 2,277 per sqft, and rent for AED 115,500 to 192,528 a year. 2406's AED 110,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Feb 20262,550,000
19 Dec 20253,100,000
18 Dec 20252,480,000
26 May 20252,575,000
4 2-bed sales in the last 12 months

Harbour Gate Tower 1

Building

262 apartments, 1-bed to 4-bed over 37 floors in Dubai Creek Harbour, completed in 2022 by Emaar. 9 sold in the last 12 months.

Typical price per sqft
AED 2,266
Typical sale
AED 2.55M
Typical rent
AED 136K /yr
Typical yield
5.7%
Harbour Gate Tower 1, Dubai Creek Harbour: prices, sales and rents →

Other units on the 24th floor

All 262 units in Harbour Gate Tower 1
Value
24013-bedAED 2.72M · Nov 2021
24021-bedAED 1.24M · Sep 2017
24033-bedAED 3.56M · Sep 2022
24042-bedAED 3.14M · Feb 2024
24052-bedAED 2.15M · Nov 2023
24072-bedAED 1.47M · Apr 2018
24082-bedAED 1.51M · Feb 2019

2406, Harbour Gate Tower 1 in numbers

  • Sold once: by Emaar on 30 September 2020 for AED 1,550,888, or AED 1,433 per sqft.
  • Rented since March 2023 on 2 Ejari contracts, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2020 price is 7.1%, before a service charge of about AED 23,000 a year (AED 21.29 per sqft).
  • Two-beds in Harbour Gate Tower 1 sold for AED 2,480,000–3,100,000 in the 12 months to November 2026; the building's median across all types is AED 2,266 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 10 March 2024.

Questions about 2406, Harbour Gate Tower 1

What did unit 2406 last sell for?

AED 1,550,888 on 30 September 2020, sold by the developer: AED 1,433 per sqft for 1,082 sqft. It is the only registered sale of the unit.

What is the rent for unit 2406?

AED 110,000 a year on the contract renewed on 10 March 2024. The previous contract, from March 2023, was AED 110,000.

How big is unit 2406?

1,082 sqft (100.5 sqm): a two-bedroom apartment on the 24th floor of a 37-storey tower completed in 2022.

What is unit 2406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Harbour Gate Tower 1 sold for AED 2,480,000 to 3,100,000 in the last 12 months, around AED 2,277 per sqft.

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Mortgage on 2406, Harbour Gate Tower 1

Starts from the last sale price (AED 1.55M, 30 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,888
Deposit, UAE resident (20%)
AED 310,178
Deposit, non-resident (40%)
AED 620,355
Monthly over 25 years at 3.7%
AED 6,345

Plus AED 70,148 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →