408, Ikarus Building
Sold prices and rental history: sold once, by the developer in March 2025, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Ikarus Building
What is 408 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 16 April 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,028 sqft
- Floor
- 4th of 14
- Parking
- B2-38
- Last sold
- AED 831K · March 2025
- Building
- Ikarus Building
About 408, Ikarus Building
408 is a two-bedroom apartment of 1,028 sqft on the 4th floor of Ikarus Building, a 14-storey tower in Dubai Production City (IMPZ). The developer sold it on 20 March 2025 for AED 830,888, or AED 808 per sqft, in line with the AED 817 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 16 April 2025, is AED 74,792 a year: a gross yield of 9.0% on the 2025 price.
Sales and rents for 408 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 408 sits
All 49 2-beds →408 last sold in March 2025 at AED 808 per sqft, in line with what two-beds in Ikarus Building were fetching at the time (AED 817). 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. 408's AED 74,792 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 4th floor
All 128 units in Ikarus Building| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 589 sqft | AED 457KAED 457,043 · Feb 2025February 2025 | 42,000 /yr | |
| 402 | 1-bed | 592 sqft | AED 475KAED 474,888 · Jan 2025January 2025 | 51,000 /yr | |
| 403 | 2-bed | 974 sqft | AED 812KAED 811,888 · Feb 2025February 2025 | 55,489 /yr | |
| 404 | 2-bed | 980 sqft | AED 804KAED 803,788 · Apr 2025April 2025 | 53,900 /yr | |
| 405 | 1-bed | 779 sqft | AED 649KAED 648,888 · Apr 2025April 2025 | 55,000 /yr | |
| 406 | 1-bed | 762 sqft | AED 663KAED 663,000 · Feb 2026February 2026 | 39,100 /yr | |
| 407 | 1-bed | 778 sqft | AED 610KAED 610,000 · May 2025May 2025 | 62,000 /yr | |
| 409 | 2-bed | 1,027 sqft | AED 862KAED 861,888 · Jul 2025July 2025 | 52,800 /yr | |
| 410 | 1-bed | 586 sqft | AED 600KAED 600,000 · Jan 2026January 2026 | 37,959 /yr |
408, Ikarus Building in numbers
- Sold once: by the developer on 20 March 2025 for AED 830,888, or AED 808 per sqft.
- Rented since December 2019 on 5 Ejari contracts. The rent fell from AED 55,000 to AED 40,000 in 2021 and recovered to AED 74,792 by April 2025.
- At AED 74,792 a year the gross yield on the 2025 price is 9.0%.
- 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 16 April 2025.
Questions about 408, Ikarus Building
What did unit 408 last sell for?
AED 830,888 on 20 March 2025, sold by the developer: AED 808 per sqft for 1,028 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 74,792 a year on the contract signed on 16 April 2025. The previous contract, from August 2023, was AED 47,000; the unit has been rented since December 2019.
How big is unit 408?
1,028 sqft (95.5 sqm): a two-bedroom apartment on the 4th floor of a 14-storey tower.
What is unit 408 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 408, Ikarus Building
Starts from the last sale price (AED 831K, 20 March 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 830,888
- Deposit, UAE resident (20%)
- AED 166,178
- Deposit, non-resident (40%)
- AED 332,355
- Monthly over 25 years at 3.7%
- AED 3,399
Plus AED 39,908 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →