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Studio · 546 sqftPhoenix Tower, Dubailand Residence Complex · 1st floor · completed 2009

112, Phoenix Tower

Sold prices and rental history: sold twice, last in April 2015, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 112 · DLD and Ejari recordsUpdated 1 April 2023
Last soldAED 422K30 April 2015
Current rentAED 24K /yr1 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 112, Phoenix Tower

What is 112 worth today?

Last sold for AED 421,828 in 2015

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1 Apr 2023RentedRenewal
AED 23,500/yr24 months · AED 43 per sqft
1 Apr 2022RentedNew contract
AED 20,000/yr12 months · AED 37 per sqft
1 Nov 2021RentedNew contract
AED 20,000/yr12 months · AED 37 per sqft
5 Jul 2019RentedNew contract
AED 26,000/yr12 months · AED 48 per sqft
30 Apr 2015SoldReady
AED 421,828AED 772 per sqft
15 Jun 2009Sold by developerOff-plan
AED 421,829AED 772 per sqft

Source: Dubai Land Department. Updated 1 April 2023.

Key facts

Type
Studio apartment
Size
546 sqft
Floor
1st of 7
Parking
B1-12
Developer
Phoenix Holdings
Completed
2009
Service charge
AED 8,800 /yr
Last sold
AED 422K · April 2015
Building
Phoenix Tower

About 112, Phoenix Tower

112 is a studio of 546 sqft on the 1st floor of Phoenix Tower, a 7-storey tower in Dubailand Residence Complex completed in 2009 by Phoenix Holdings. It last sold on 30 April 2015 for AED 421,828, or AED 772 per sqft, 5% above the AED 735 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 1 April 2023, is AED 23,500 a year: a gross yield of 5.6% on the 2015 price, before the service charge of about AED 8,800 a year.

Sales and rents for 112 over time

Sales
Unit 112, each saleTypical studio in Phoenix Tower
200K400K2009201320172021Typical sale price by year: 2009 AED 421,829; 2014 AED 401,650; 2015 AED 354,790; 2017 AED 354,790; 2021 AED 200,000Sold by developer, June 2009: AED 421,829 (AED 772 per sqft)Sold, April 2015: AED 421,828 (AED 772 per sqft)

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

Rents
Unit 112, each contractTypical studio in Phoenix Tower
20K30K2014201820222026Typical rent by year: 2014 AED 27,000; 2015 AED 32,690; 2016 AED 36,300; 2017 AED 36,000; 2018 AED 33,300; 2019 AED 27,846; 2020 AED 23,000; 2021 AED 20,750; 2022 AED 22,500; 2023 AED 25,875; 2024 AED 29,350; 2025 AED 30,000; 2026 AED 30,000New contract, July 2019: AED 26,000 a yearNew contract, November 2021: AED 20,000 a yearNew contract, April 2022: AED 20,000 a yearRenewal, April 2023: AED 23,500 a year

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

Studios in Phoenix Tower, and where 112 sits

All 68 studios →

112 last sold in April 2015 at AED 772 per sqft, 5% above what studios in Phoenix Tower were fetching at the time (AED 735). 112's AED 23,500 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
23 Aug 2024175,000
29 Jun 2021200,000
29 Jun 2021200,000
29 Jun 2021200,000
0 studio sales in the last 12 months

Phoenix Tower

Building

110 apartments, studios to 2-bed over 7 floors in Dubailand Residence Complex, completed in 2009 by Phoenix Holdings. 1 sold in the last 12 months.

Typical price per sqft
AED 431
Typical sale
AED 332K
Typical rent
AED 34K /yr
Typical yield
12.7%
Phoenix Tower, Dubailand Residence Complex: prices, sales and rents →

Other units on the 1st floor

All 110 units in Phoenix Tower
Value
1012-bedAED 924K · Apr 2015
102StudioAED 422K · Apr 2015
103StudioAED 422K · Apr 2015
104StudioAED 422K · Apr 2015
105StudioAED 422K · Apr 2015
106StudioAED 422K · Apr 2015
1072-bedAED 924K · Apr 2015
1–7 of 15

112, Phoenix Tower in numbers

  • Sold twice: first on 15 June 2009 for AED 421,829, last on 30 April 2015 for AED 421,828 (AED 772 per sqft).
  • Rented since July 2019 on 4 Ejari contracts. The rent fell from AED 26,000 to AED 20,000 in 2022 and recovered to AED 23,500 by April 2023.
  • At AED 23,500 a year the gross yield on the 2015 price is 5.6%, before a service charge of about AED 8,800 a year (AED 16.19 per sqft).

Source: Dubai Land Department. Updated 1 April 2023.

Questions about 112, Phoenix Tower

What did unit 112 last sell for?

AED 421,828 on 30 April 2015: AED 772 per sqft for 546 sqft. The unit has 2 registered sales; the first was AED 421,829 in June 2009.

What is the rent for unit 112?

AED 23,500 a year on the contract renewed on 1 April 2023. The previous contract, from April 2022, was AED 20,000; the unit has been rented since July 2019.

How big is unit 112?

546 sqft (50.7 sqm): a studio on the 1st floor of a 7-storey tower completed in 2009.

What is unit 112 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 112, Phoenix Tower

Starts from the last sale price (AED 422K, 30 April 2015). Switch to today's estimate once you have unlocked it.
Price
AED 421,828
Deposit, UAE resident (20%)
AED 84,366
Deposit, non-resident (40%)
AED 168,731
Monthly over 25 years at 3.7%
AED 1,726

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