702, Phoenix Tower
Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Phoenix Tower
What is 702 worth today?
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Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 549 sqft
- Floor
- 7th of 7
- Parking
- B2-33
- Developer
- Phoenix Holdings
- Completed
- 2009
- Service charge
- AED 8,900 /yr
- Last sold
- AED 329K · June 2015
- Building
- Phoenix Tower
About 702, Phoenix Tower
702 is a studio of 549 sqft on the 7th floor of Phoenix Tower, a 7-storey tower in Dubailand Residence Complex completed in 2009 by Phoenix Holdings. The developer sold it on 30 June 2015 for AED 329,160, or AED 599 per sqft, 19% below the AED 735 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 25,875 a year: a gross yield of 7.9% on the 2015 price, before the service charge of about AED 8,900 a year.
Sales and rents for 702 over time
702 has sold once; 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 702 sits
All 68 studios →702 last sold in June 2015 at AED 599 per sqft, 19% below what studios in Phoenix Tower were fetching at the time (AED 735). 702's AED 25,875 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 7th floor
All 110 units in Phoenix Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,254 sqft | AED 815KAED 814,886 · Mar 2017March 2017 | 58,000 /yr | |
| 703 | Studio | 546 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 30,418 /yr | |
| 704 | Studio | 546 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 33,000 /yr | |
| 705 | Studio | 546 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 35,000 /yr | |
| 706 | Studio | 549 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 29,800 /yr | |
| 707 | 2-bed | 1,254 sqft | AED 721KAED 720,797 · Jun 2015June 2015 | 63,000 /yr | |
| 708 | 1-bed | 817 sqft | AED 495KAED 495,289 · Jun 2015June 2015 | 39,000 /yr | |
| 709 | 2-bed | 1,254 sqft | AED 721KAED 720,797 · Jun 2015June 2015 | 49,450 /yr | |
| 710 | Studio | 549 sqft | AED 200KAED 200,000 · Jun 2021June 2021 | 29,900 /yr | |
| 711 | Studio | 546 sqft | AED 355KAED 354,790 · Mar 2017March 2017 | 33,000 /yr | |
| 712 | Studio | 546 sqft | AED 200KAED 200,000 · Jun 2021June 2021 | 29,900 /yr | |
| 713 | Studio | 546 sqft | AED 355KAED 354,790 · Mar 2017March 2017 | 30,550 /yr | |
| 714 | Studio | 549 sqft | AED 200KAED 200,000 · Jun 2021June 2021 | 37,000 /yr | |
| 715 | 2-bed | 1,149 sqft | AED 712KAED 712,252 · Jun 2015June 2015 | 62,004 /yr | |
| 716 | 1-bed | 769 sqft | AED 330KAED 330,000 · May 2023May 2023 | 32,000 /yr |
702, Phoenix Tower in numbers
- Sold once: by Phoenix Holdings on 30 June 2015 for AED 329,160, or AED 599 per sqft.
- Rented since February 2016 on 7 Ejari contracts. The rent fell from AED 32,000 to AED 22,500 in 2021 and recovered to AED 25,875 by October 2024.
- At AED 25,875 a year the gross yield on the 2015 price is 7.9%, before a service charge of about AED 8,900 a year (AED 16.19 per sqft).
Source: Dubai Land Department. Updated 1 October 2024.
Questions about 702, Phoenix Tower
What did unit 702 last sell for?
AED 329,160 on 30 June 2015, sold by the developer: AED 599 per sqft for 549 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 25,875 a year on the contract renewed on 1 October 2024. The previous contract, from October 2023, was AED 25,875; the unit has been rented since February 2016.
How big is unit 702?
549 sqft (51.0 sqm): a studio on the 7th floor of a 7-storey tower completed in 2009.
What is unit 702 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 702, Phoenix Tower
Starts from the last sale price (AED 329K, 30 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 329,160
- Deposit, UAE resident (20%)
- AED 65,832
- Deposit, non-resident (40%)
- AED 131,664
- Monthly over 25 years at 3.7%
- AED 1,347
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →