Studio · 437 sqftEmirates Cluster 02, International City · Ground floor · completed 2011

007, Emirates Cluster 02

Sold prices and rental history: sold once, by the developer in March 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 007 · DLD and Ejari recordsUpdated 28 July 2019
Last soldAED 400K24 March 2010
Current rentAED 20K /yr28 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 007, Emirates Cluster 02

What is 007 worth today?

Last sold for AED 400,000 in 2010

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28 Jul 2019RentedNew contract
AED 20,000/yr12 months · AED 45 per sqft
23 Feb 2018RentedRenewal
AED 20,000/yr12 months · AED 45 per sqft
23 Feb 2017RentedNew contract
AED 30,000/yr12 months · AED 68 per sqft
2 Oct 2014RentedRenewal
AED 29,000/yr6 months · AED 66 per sqft
2 Oct 2013RentedNew contract
AED 29,000/yr12 months · AED 66 per sqft
24 Mar 2010Sold by developerOff-plan
AED 400,000AED 915 per sqft

Source: Dubai Land Department. Updated 28 July 2019.

Key facts

Type
Studio apartment
Size
437 sqft
Floor
Ground of 4
Parking
nan
Developer
International City
Completed
2011
Service charge
AED 4,500 /yr
Last sold
AED 400K · March 2010

About 007, Emirates Cluster 02

007 is a studio of 437 sqft on the ground floor of Emirates Cluster 02, a 4-storey tower in International City completed in 2011 by International City. The developer sold it on 24 March 2010 for AED 400,000, or AED 915 per sqft, in line with the AED 917 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 28 July 2019, is AED 20,000 a year: a gross yield of 5.0% on the 2010 price, before the service charge of about AED 4,500 a year.

Sales and rents for 007 over time

Sales
Unit 007, each saleTypical studio in Emirates Cluster 02
200K400K2010201420182022Typical sale price by year: 2010 AED 424,050; 2012 AED 409,300; 2013 AED 437,800; 2014 AED 417,000; 2016 AED 388,000; 2020 AED 254,300; 2021 AED 220,000; 2022 AED 205,000; 2023 AED 250,000; 2024 AED 302,500Sold by developer, March 2010: AED 400,000 (AED 915 per sqft)

007 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 007, each contractTypical studio in Emirates Cluster 02
20K30K40K2013201720212025Typical rent by year: 2013 AED 24,000; 2014 AED 33,550; 2015 AED 38,000; 2016 AED 38,000; 2017 AED 32,500; 2018 AED 28,000; 2019 AED 24,000; 2020 AED 18,800; 2021 AED 17,000; 2022 AED 20,800; 2023 AED 22,885; 2024 AED 25,500; 2025 AED 30,000; 2026 AED 31,000New contract, October 2013: AED 29,000 a yearRenewal, October 2014: AED 29,000 a yearNew contract, February 2017: AED 30,000 a yearRenewal, February 2018: AED 20,000 a yearNew contract, July 2019: AED 20,000 a year

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

Studios in Emirates Cluster 02, and where 007 sits

All 36 studios →

007 last sold in March 2010 at AED 915 per sqft, in line with what studios in Emirates Cluster 02 were fetching at the time (AED 917). 007's AED 20,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
20 Nov 2024300,000
10 Sep 2024315,000
13 May 2024305,000
23 Jan 2024285,000
0 studio sales in the last 12 months

Emirates Cluster 02

Building

58 apartments, studios to 1-bed over 4 floors in International City, completed in 2011 by International City. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 34K /yr
Typical yield
Emirates Cluster 02, International City: prices, sales and rents →

Other units on the ground floor

All 58 units in Emirates Cluster 02
Value
0011-bedAED 430K · Nov 2017
002StudioAED 235K · Dec 2023
003StudioAED 220K · Feb 2020
0041-bedAED 300K · Nov 2021
0051-bedAED 450K · Jan 2018
006StudioAED 250K · Nov 2023
008StudioAED 300K · Nov 2024
1–7 of 8

007, Emirates Cluster 02 in numbers

  • Sold once: by International City on 24 March 2010 for AED 400,000, or AED 915 per sqft.
  • Rented since October 2013 on 5 Ejari contracts, from AED 29,000 to AED 20,000 a year.
  • At AED 20,000 a year the gross yield on the 2010 price is 5.0%, before a service charge of about AED 4,500 a year (AED 10.28 per sqft).

Source: Dubai Land Department. Updated 28 July 2019.

Questions about 007, Emirates Cluster 02

What did unit 007 last sell for?

AED 400,000 on 24 March 2010, sold by the developer: AED 915 per sqft for 437 sqft. It is the only registered sale of the unit.

What is the rent for unit 007?

AED 20,000 a year on the contract signed on 28 July 2019. The previous contract, from February 2018, was AED 20,000; the unit has been rented since October 2013.

How big is unit 007?

437 sqft (40.6 sqm): a studio on the ground floor of a 4-storey tower completed in 2011.

What is unit 007 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 007, Emirates Cluster 02

Starts from the last sale price (AED 400K, 24 March 2010). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

Plus AED 19,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →