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Studio · 379 sqftK1 Residence, Dubailand Residence Complex · 4th floor · completed 2021

407, K1 Residence

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

Unit 407 · DLD and Ejari recordsUpdated 9 October 2024
Last soldAED 345K9 October 2024
Current rentAED 28K /yr25 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, K1 Residence

What is 407 worth today?

Last sold for AED 345,000 in 2024

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9 Oct 2024SoldReady
AED 345,000AED 910 per sqft
25 Mar 2024RentedRenewal
AED 27,600/yr12 months · AED 73 per sqft
25 Mar 2024RentedRenewal
AED 27,600/yr12 months · AED 73 per sqft
25 Mar 2023RentedNew contract
AED 24,000/yr12 months · AED 64 per sqft
25 Mar 2022RentedNew contract
AED 20,000/yr12 months · AED 53 per sqft
12 Feb 2018Sold by developerOff-plan
AED 332,926AED 878 per sqft

Source: Dubai Land Department. Updated 9 October 2024.

Key facts

Type
Studio apartment
Size
379 sqft
Floor
4th of 6
Parking
G-31
Developer
Arabian Gulf Properties
Completed
2021
Last sold
AED 345K · October 2024
Building
K1 Residence

About 407, K1 Residence

407 is a studio of 379 sqft on the 4th floor of K1 Residence, a 6-storey tower in Dubailand Residence Complex completed in 2021 by Arabian Gulf Properties. It last sold on 9 October 2024 for AED 345,000, or AED 910 per sqft, 33% above the AED 684 studios in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 25 March 2024, is AED 27,600 a year: a gross yield of 8.0% on the 2024 price.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical studio in K1 Residence
300K20182020202220242026Typical sale price by year: 2018 AED 333,487; 2019 AED 260,000; 2022 AED 290,000; 2023 AED 335,000; 2024 AED 342,500; 2025 AED 375,000Sold by developer, February 2018: AED 332,926 (AED 878 per sqft)Sold, October 2024: AED 345,000 (AED 910 per sqft)

407 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 407, each contractTypical studio in K1 Residence
20K30K202220242026Typical rent by year: 2022 AED 21,000; 2023 AED 24,000; 2024 AED 32,000; 2025 AED 34,500; 2026 AED 34,000New contract, March 2022: AED 20,000 a yearNew contract, March 2023: AED 24,000 a yearRenewal, March 2024: AED 27,600 a yearRenewal, March 2024: AED 27,600 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in K1 Residence, and where 407 sits

All 103 studios →

407 last sold in October 2024 at AED 910 per sqft, 33% above what studios in K1 Residence were fetching at the time (AED 684). Over the last 12 months studios sold for AED 470,000, around AED 1,091 per sqft, and rent for AED 30,360 to 60,000 a year. 407's AED 27,600 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
16 Dec 2025470,000
10 Jul 2025300,000
17 Jun 2025375,000
20 May 2025385,000
1 studio sale in the last 12 months

K1 Residence

Building

143 apartments, studios to 1-bed over 6 floors in Dubailand Residence Complex, completed in 2021 by Arabian Gulf Properties. 3 sold in the last 12 months.

Typical price per sqft
AED 932
Typical sale
AED 740K
Typical rent
AED 39K /yr
Typical yield
8.7%
K1 Residence, Dubailand Residence Complex: prices, sales and rents →

Other units on the 4th floor

All 143 units in K1 Residence
Value
4011-bedAED 740K · Feb 2026
402StudioAED 285K · Jul 2022
403StudioAED 370K · May 2025
4041-bedAED 550K · Jul 2022
405StudioAED 240K · Dec 2022
406StudioAED 333K · Apr 2018
408StudioAED 315K · Jul 2023
1–7 of 23

407, K1 Residence in numbers

  • Sold twice: first on 12 February 2018 for AED 332,926, last on 9 October 2024 for AED 345,000 (AED 910 per sqft).
  • Rented since March 2022 on 4 Ejari contracts, from AED 20,000 to AED 27,600 a year.
  • At AED 27,600 a year the gross yield on the 2024 price is 8.0%.
  • Studios in K1 Residence sold for AED 470,000–470,000 in the 12 months to November 2026; the building's median across all types is AED 932 per sqft.

Source: Dubai Land Department. Updated 9 October 2024.

Questions about 407, K1 Residence

What did unit 407 last sell for?

AED 345,000 on 9 October 2024: AED 910 per sqft for 379 sqft. The unit has 2 registered sales; the first was AED 332,926 in February 2018.

What is the rent for unit 407?

AED 27,600 a year on the contract renewed on 25 March 2024. The previous contract, from March 2024, was AED 27,600; the unit has been rented since March 2022.

How big is unit 407?

379 sqft (35.2 sqm): a studio on the 4th floor of a 6-storey tower completed in 2021.

What is unit 407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in K1 Residence sold for AED 470,000 to 470,000 in the last 12 months, around AED 1,091 per sqft.

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Mortgage on 407, K1 Residence

Starts from the last sale price (AED 345K, 9 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 345,000
Deposit, UAE resident (20%)
AED 69,000
Deposit, non-resident (40%)
AED 138,000
Monthly over 25 years at 3.7%
AED 1,412

Plus AED 17,400 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →