403, Phoenix Tower
Sold prices and rental history: sold twice, last in October 2015, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 403, Phoenix Tower
What is 403 worth today?
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Source: Dubai Land Department. Updated 27 May 2024.
Key facts
- Type
- Studio apartment
- Size
- 546 sqft
- Floor
- 4th of 7
- Parking
- B1-35
- Developer
- Phoenix Holdings
- Completed
- 2009
- Service charge
- AED 8,800 /yr
- Last sold
- AED 349K · October 2015
- Building
- Phoenix Tower
About 403, Phoenix Tower
403 is a studio of 546 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 349,338, or AED 640 per sqft, in line with the AED 650 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 27 May 2024, is AED 28,500 a year: a gross yield of 8.2% on the 2015 price, before the service charge of about AED 8,800 a year.
Sales and rents for 403 over time
403 has sold twice; the dashed line is the studio median of each year in the building.
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 403 sits
All 68 studios →403 last sold in October 2015 at AED 640 per sqft, in line with what studios in Phoenix Tower were fetching at the time (AED 650). 403's AED 28,500 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Aug 202423 August 2024 | 273 sqft | 175,000 | 641 | ||
| 29 Jun 202129 June 2021 | 546 sqft | 200,000 | 366 | ||
| 29 Jun 202129 June 2021 | 549 sqft | 200,000 | 364 | ||
| 29 Jun 202129 June 2021 | 549 sqft | 200,000 | 364 |
Phoenix Tower
Building110 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%
Other units on the 4th floor
All 110 units in Phoenix Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,254 sqft | AED 802KAED 802,349 · Oct 2015October 2015 | 49,500 /yr | |
| 402 | Studio | 549 sqft | AED 351KAED 351,334 · Oct 2015October 2015 | 30,000 /yr | |
| 404 | Studio | 546 sqft | AED 349KAED 349,338 · Oct 2015October 2015 | 33,000 /yr | |
| 405 | Studio | 546 sqft | AED 349KAED 349,338 · Oct 2015October 2015 | 33,000 /yr | |
| 406 | Studio | 549 sqft | AED 351KAED 351,334 · Oct 2015October 2015 | 26,450 /yr | |
| 407 | 2-bed | 1,254 sqft | AED 721KAED 720,797 · Jul 2014July 2014 | 63,000 /yr | |
| 408 | 1-bed | 817 sqft | AED 523KAED 522,867 · Oct 2015October 2015 | 38,000 /yr | |
| 409 | 2-bed | 1,254 sqft | AED 802KAED 802,349 · Oct 2015October 2015 | 65,000 /yr | |
| 410 | Studio | 549 sqft | AED 351KAED 351,344 · Oct 2015October 2015 | 30,360 /yr | |
| 411 | Studio | 546 sqft | AED 349KAED 349,338 · Oct 2015October 2015 | 30,360 /yr | |
| 412 | Studio | 546 sqft | AED 349KAED 349,338 · Oct 2015October 2015 | 30,400 /yr | |
| 413 | Studio | 546 sqft | AED 349KAED 349,338 · Oct 2015October 2015 | 32,000 /yr | |
| 414 | Studio | 549 sqft | AED 351KAED 351,334 · Oct 2015October 2015 | 26,400 /yr | |
| 415 | 2-bed | 1,149 sqft | AED 735KAED 735,251 · Oct 2015October 2015 | 63,000 /yr | |
| 416 | 1-bed | 769 sqft | AED 492KAED 492,352 · Oct 2015October 2015 | 46,000 /yr |
403, Phoenix Tower in numbers
- Sold twice: first on 3 July 2014 for AED 401,650, last on 8 October 2015 for AED 349,338 (AED 640 per sqft).
- Rented since April 2017 on 7 Ejari contracts. The rent fell from AED 44,000 to AED 20,000 in 2021 and recovered to AED 28,500 by May 2024.
- At AED 28,500 a year the gross yield on the 2015 price is 8.2%, before a service charge of about AED 8,800 a year (AED 16.19 per sqft).
Source: Dubai Land Department. Updated 27 May 2024.
Questions about 403, Phoenix Tower
What did unit 403 last sell for?
AED 349,338 on 8 October 2015: AED 640 per sqft for 546 sqft. The unit has 2 registered sales; the first was AED 401,650 in July 2014.
What is the rent for unit 403?
AED 28,500 a year on the contract renewed on 27 May 2024. The previous contract, from May 2023, was AED 24,750; the unit has been rented since April 2017.
How big is unit 403?
546 sqft (50.7 sqm): a studio on the 4th floor of a 7-storey tower completed in 2009.
What is unit 403 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 403, Phoenix Tower
Starts from the last sale price (AED 349K, 8 October 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 349,338
- Deposit, UAE resident (20%)
- AED 69,868
- Deposit, non-resident (40%)
- AED 139,735
- Monthly over 25 years at 3.7%
- AED 1,429
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →