1003, Ikarus Building
Sold prices and rental history: sold once, by the developer in January 2025, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1003, Ikarus Building
What is 1003 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 28 August 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 978 sqft
- Floor
- 10th of 14
- Parking
- B1-37
- Last sold
- AED 821K · January 2025
- Building
- Ikarus Building
About 1003, Ikarus Building
1003 is a two-bedroom apartment of 978 sqft on the 10th floor of Ikarus Building, a 14-storey tower in Dubai Production City (IMPZ). The developer sold it on 9 January 2025 for AED 820,663, or AED 839 per sqft, in line with the AED 818 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, renewed on 28 August 2025, is AED 70,000 a year: a gross yield of 8.5% on the 2025 price.
Sales and rents for 1003 over time
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Ikarus Building, and where 1003 sits
All 49 2-beds →1003 last sold in January 2025 at AED 839 per sqft, in line with what two-beds in Ikarus Building were fetching at the time (AED 818). Over the last 12 months two-beds sold for AED 900,000 to 1,320,000, around AED 793 per sqft, and rent for AED 68,700 to 100,000 a year. 1003's AED 70,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Jan 202620 January 2026 | 1,859 sqft | 1,320,000 | 710 | ||
| 12 Jan 202612 January 2026 | 1,026 sqft | 900,000 | 876 | ||
| 3 Jul 20253 July 2025 | 1,027 sqft | 860,888 | 838 | ||
| 3 Jul 20253 July 2025 | 1,027 sqft | 861,888 | 839 |
Ikarus Building
Building128 apartments, 1-bed to 2-bed over 14 floors in Dubai Production City (IMPZ). 15 sold in the last 12 months.
- Typical price per sqft
- AED 925 Up 13.1%
- Typical sale
- AED 680K
- Typical rent
- AED 60K /yr
- Typical yield
- 9.2%
Other units on the 10th floor
All 128 units in Ikarus Building| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 1-bed | 589 sqft | AED 489KAED 488,888 · Apr 2025April 2025 | 50,000 /yr | |
| 1002 | 1-bed | 592 sqft | No registered sale | 35,650 /yr | |
| 1004 | 980 sqft | AED 1MAED 1,000,000 · Aug 2025August 2025 | 65,191 /yr | ||
| 1005 | 779 sqft | AED 705KAED 705,000 · Oct 2025October 2025 | 62,000 /yr | ||
| 1006 | 1-bed | 762 sqft | AED 625KAED 624,888 · May 2025May 2025 | 50,769 /yr | |
| 1007 | 1-bed | 777 sqft | AED 661KAED 660,888 · Jun 2025June 2025 | 39,117 /yr | |
| 1008 | 2-bed | 1,027 sqft | AED 825KAED 824,888 · Feb 2025February 2025 | 54,000 /yr | |
| 1009 | 513 sqft | AED 829KAED 828,519 · Jan 2025January 2025 | 55,660 /yr | ||
| 1010 | 584 sqft | AED 556KAED 555,888 · Nov 2025November 2025 | 50,000 /yr |
1003, Ikarus Building in numbers
- Sold once: by the developer on 9 January 2025 for AED 820,663, or AED 839 per sqft.
- Rented since March 2020 on 6 Ejari contracts. The rent fell from AED 52,000 to AED 43,000 in 2021 and recovered to AED 70,000 by August 2025.
- At AED 70,000 a year the gross yield on the 2025 price is 8.5%.
- Two-beds in Ikarus Building sold for AED 900,000–1,320,000 in the 12 months to November 2026; the building's median across all types is AED 925 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 28 August 2025.
Questions about 1003, Ikarus Building
What did unit 1003 last sell for?
AED 820,663 on 9 January 2025, sold by the developer: AED 839 per sqft for 978 sqft. It is the only registered sale of the unit.
What is the rent for unit 1003?
AED 70,000 a year on the contract renewed on 28 August 2025. The previous contract, from August 2024, was AED 55,775; the unit has been rented since March 2020.
How big is unit 1003?
978 sqft (90.9 sqm): a two-bedroom apartment on the 10th floor of a 14-storey tower.
What is unit 1003 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Ikarus Building sold for AED 900,000 to 1,320,000 in the last 12 months, around AED 793 per sqft.
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Mortgage on 1003, Ikarus Building
Starts from the last sale price (AED 821K, 9 January 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 820,663
- Deposit, UAE resident (20%)
- AED 164,133
- Deposit, non-resident (40%)
- AED 328,265
- Monthly over 25 years at 3.7%
- AED 3,358
Plus AED 39,478 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →