403, Emirates Cluster 16
Sold prices and rental history: sold twice, last in May 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 403, Emirates Cluster 16
What is 403 worth today?
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Source: Dubai Land Department. Updated 21 June 2024.
Key facts
- Type
- Studio apartment
- Size
- 471 sqft
- Floor
- 4th of 4
- Parking
- nan
- Developer
- International City
- Completed
- 2011
- Service charge
- AED 4,800 /yr
- Last sold
- AED 300K · May 2018
- Building
- Emirates Cluster 16
About 403, Emirates Cluster 16
403 is a studio of 471 sqft on the 4th floor of Emirates Cluster 16, a 4-storey tower in International City completed in 2011 by International City. It last sold on 29 May 2018 for AED 300,000, or AED 636 per sqft, 14% below the AED 739 studios in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 21 June 2024, is AED 27,000 a year: a gross yield of 9.0% on the 2018 price, before the service charge of about AED 4,800 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 Emirates Cluster 16, and where 403 sits
All 24 studios →403 last sold in May 2018 at AED 636 per sqft, 14% below what studios in Emirates Cluster 16 were fetching at the time (AED 739). 403's AED 27,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Apr 20246 April 2024 | 471 sqft | 295,000 | 626 | ||
| 2 Nov 20232 November 2023 | 471 sqft | 250,000 | 530 | ||
| 2 Nov 20232 November 2023 | 460 sqft | 250,000 | 543 | ||
| 1 Nov 20221 November 2022 | 456 sqft | 230,000 | 504 |
Emirates Cluster 16
Building57 apartments, studios to 1-bed over 4 floors in International City, completed in 2011 by International City. 1 sold in the last 12 months.
- Typical price per sqft
- AED 617
- Typical sale
- AED 460K
- Typical rent
- AED 36K /yr
- Typical yield
- 9.3%
Other units on the 4th floor
All 57 units in Emirates Cluster 16| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 745 sqft | AED 310KAED 310,400 · Dec 2012December 2012 | 28,000 /yr | |
| 402 | Studio | 471 sqft | AED 295KAED 295,000 · Apr 2024April 2024 | 30,000 /yr | |
| 404 | 1-bed | 747 sqft | AED 612KAED 612,300 · Mar 2010March 2010 | 48,000 /yr | |
| 405 | 1-bed | 744 sqft | AED 612KAED 612,300 · Mar 2010March 2010 | 37,000 /yr | |
| 406 | 1-bed | 853 sqft | AED 689KAED 688,800 · Mar 2010March 2010 | 34,650 /yr | |
| 407 | 1-bed | 834 sqft | AED 689KAED 688,800 · Mar 2010March 2010 | 35,000 /yr | |
| 408 | 1-bed | 741 sqft | AED 621KAED 620,800 · Mar 2014March 2014 | 21,000 /yr | |
| 409 | Studio | 456 sqft | AED 230KAED 230,000 · Nov 2022November 2022 | 29,000 /yr | |
| 410 | Studio | 437 sqft | AED 300KAED 300,000 · Feb 2014February 2014 | 16,000 /yr | |
| 411 | 730 sqft | AED 440KAED 440,000 · Oct 2025October 2025 | 26,000 /yr | ||
| 412 | Studio | 460 sqft | AED 250KAED 250,000 · Nov 2023November 2023 | 24,000 /yr | |
| 413 | Studio | 460 sqft | AED 393KAED 393,200 · Dec 2014December 2014 | 23,500 /yr | |
| 414 | 1-bed | 365 sqft | AED 612KAED 612,300 · Jan 2013January 2013 | 38,000 /yr | |
| 409A | 1-bed | 786 sqft | AED 387KAED 386,700 · Jan 2013January 2013 |
403, Emirates Cluster 16 in numbers
- Sold twice: first on 4 December 2013 for AED 302,500, last on 29 May 2018 for AED 300,000 (AED 636 per sqft).
- Rented since September 2013 on 8 Ejari contracts. The rent fell from AED 31,000 to AED 22,000 in 2022 and recovered to AED 27,000 by June 2024.
- At AED 27,000 a year the gross yield on the 2018 price is 9.0%, before a service charge of about AED 4,800 a year (AED 10.28 per sqft).
Source: Dubai Land Department. Updated 21 June 2024.
Questions about 403, Emirates Cluster 16
What did unit 403 last sell for?
AED 300,000 on 29 May 2018: AED 636 per sqft for 471 sqft. The unit has 2 registered sales; the first was AED 302,500 in December 2013.
What is the rent for unit 403?
AED 27,000 a year on the contract renewed on 21 June 2024. The previous contract, from June 2023, was AED 24,200; the unit has been rented since September 2013.
How big is unit 403?
471 sqft (43.8 sqm): a studio on the 4th floor of a 4-storey tower completed in 2011.
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, Emirates Cluster 16
Starts from the last sale price (AED 300K, 29 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 300,000
- Deposit, UAE resident (20%)
- AED 60,000
- Deposit, non-resident (40%)
- AED 120,000
- Monthly over 25 years at 3.7%
- AED 1,227
Plus AED 15,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →