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2-bed · 1,254 sqftPhoenix Tower, Dubailand Residence Complex · 4th floor · completed 2009

401, Phoenix Tower

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

Unit 401 · DLD and Ejari recordsUpdated 10 May 2023
Last soldAED 802K8 October 2015
Current rentAED 50K /yr10 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 401, Phoenix Tower

What is 401 worth today?

Last sold for AED 802,349 in 2015

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10 May 2023RentedRenewal
AED 49,500/yr12 months · AED 39 per sqft
10 May 2022RentedRenewal
AED 45,000/yr12 months · AED 36 per sqft
10 Mar 2020RentedRenewal
AED 48,000/yr12 months · AED 38 per sqft
10 Mar 2019RentedRenewal
AED 52,000/yr12 months · AED 41 per sqft
10 Mar 2018RentedRenewal
AED 65,000/yr12 months · AED 52 per sqft
10 Mar 2017RentedRenewal
AED 65,000/yr12 months · AED 52 per sqft
8 Oct 2015SoldReady
AED 802,349AED 639 per sqft
10 Mar 2015RentedNew contract
AED 63,000/yr12 months · AED 50 per sqft

Source: Dubai Land Department. Updated 10 May 2023.

Key facts

Type
2-bed apartment
Size
1,254 sqft
Floor
4th of 7
Parking
B1-49
Developer
Phoenix Holdings
Completed
2009
Service charge
AED 20,300 /yr
Last sold
AED 802K · October 2015
Building
Phoenix Tower

About 401, Phoenix Tower

401 is a two-bedroom apartment of 1,254 sqft on the 4th floor of Phoenix Tower, a 7-storey tower in Dubailand Residence Complex completed in 2009 by Phoenix Holdings. It last sold on 8 October 2015 for AED 802,349, or AED 639 per sqft, in line with the AED 649 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 10 May 2023, is AED 49,500 a year: a gross yield of 6.2% on the 2015 price, before the service charge of about AED 20,300 a year.

Sales and rents for 401 over time

Sales
Unit 401, each saleTypical two-bed in Phoenix Tower
800K1M2009201120132015Typical sale price by year: 2009 AED 923,722; 2014 AED 720,797; 2015 AED 802,349Sold by developer, July 2014: AED 965,700 (AED 770 per sqft)Sold, October 2015: AED 802,349 (AED 639 per sqft)

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

Rents
Unit 401, each contractTypical two-bed in Phoenix Tower
40K60K2014201820222026Typical rent by year: 2014 AED 48,500; 2015 AED 55,000; 2016 AED 57,750; 2017 AED 60,638; 2018 AED 54,000; 2019 AED 47,750; 2020 AED 43,000; 2021 AED 42,500; 2022 AED 43,000; 2023 AED 49,450; 2024 AED 54,632; 2025 AED 56,000; 2026 AED 63,000New contract, March 2015: AED 63,000 a yearRenewal, March 2017: AED 65,000 a yearRenewal, March 2018: AED 65,000 a yearRenewal, March 2019: AED 52,000 a yearRenewal, March 2020: AED 48,000 a yearRenewal, May 2022: AED 45,000 a yearRenewal, May 2023: AED 49,500 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 Phoenix Tower, and where 401 sits

All 28 2-beds →

401 last sold in October 2015 at AED 639 per sqft, in line with what two-beds in Phoenix Tower were fetching at the time (AED 649). 401's AED 49,500 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Sep 2023550,000
26 Mar 2017814,886
8 Oct 2015735,251
8 Oct 2015735,251
0 2-bed 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 4th floor

All 110 units in Phoenix Tower
Value
402StudioAED 351K · Oct 2015
403StudioAED 349K · Oct 2015
404StudioAED 349K · Oct 2015
405StudioAED 349K · Oct 2015
406StudioAED 351K · Oct 2015
4072-bedAED 721K · Jul 2014
4081-bedAED 523K · Oct 2015
1–7 of 15

401, Phoenix Tower in numbers

  • Sold twice: first on 3 July 2014 for AED 965,700, last on 8 October 2015 for AED 802,349 (AED 639 per sqft).
  • Rented since March 2015 on 7 Ejari contracts, from AED 63,000 to AED 49,500 a year.
  • At AED 49,500 a year the gross yield on the 2015 price is 6.2%, before a service charge of about AED 20,300 a year (AED 16.19 per sqft).

Source: Dubai Land Department. Updated 10 May 2023.

Questions about 401, Phoenix Tower

What did unit 401 last sell for?

AED 802,349 on 8 October 2015: AED 639 per sqft for 1,254 sqft. The unit has 2 registered sales; the first was AED 965,700 in July 2014.

What is the rent for unit 401?

AED 49,500 a year on the contract renewed on 10 May 2023. The previous contract, from May 2022, was AED 45,000; the unit has been rented since March 2015.

How big is unit 401?

1,254 sqft (116.5 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2009.

What is unit 401 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 401, Phoenix Tower

Starts from the last sale price (AED 802K, 8 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 802,349
Deposit, UAE resident (20%)
AED 160,470
Deposit, non-resident (40%)
AED 320,940
Monthly over 25 years at 3.7%
AED 3,283

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