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Studio · 468 sqftEmirates Cluster 23, International City · 4th floor · completed 2011

408, Emirates Cluster 23

Sold prices and rental history: sold once, by the developer in April 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 25 October 2025
Last soldAED 389K5 April 2016
Current rentAED 26K /yr25 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, Emirates Cluster 23

What is 408 worth today?

Last sold for AED 389,000 in 2016

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25 Oct 2025RentedRenewal
AED 25,725/yr12 months · AED 55 per sqft
25 Oct 2024RentedRenewal
AED 24,500/yr12 months · AED 52 per sqft
1 May 2021RentedNew contract
AED 17,500/yr12 months · AED 37 per sqft
8 Sep 2017RentedRenewal
AED 34,000/yr12 months · AED 73 per sqft
8 Sep 2016RentedNew contract
AED 36,000/yr12 months · AED 78 per sqft
5 Apr 2016Sold by developerReady
AED 389,000AED 831 per sqft
21 Mar 2016RentedNew contract
AED 41,500/yr12 months · AED 90 per sqft

Source: Dubai Land Department. Updated 25 October 2025.

Key facts

Type
Studio apartment
Size
468 sqft
Floor
4th of 4
Parking
nan
Developer
International City
Completed
2011
Service charge
AED 4,800 /yr
Last sold
AED 389K · April 2016
Building
Emirates Cluster 23

About 408, Emirates Cluster 23

408 is a studio of 468 sqft on the 4th floor of Emirates Cluster 23, a 4-storey tower in International City completed in 2011 by International City. The developer sold it on 5 April 2016 for AED 389,000, or AED 831 per sqft, in line with the AED 831 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 25 October 2025, is AED 25,725 a year: a gross yield of 6.6% on the 2016 price, before the service charge of about AED 4,800 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical studio in Emirates Cluster 23
200K400K20102014201820222026Typical sale price by year: 2010 AED 461,500; 2012 AED 426,800; 2013 AED 412,500; 2014 AED 357,500; 2015 AED 385,000; 2016 AED 382,000; 2017 AED 382,000; 2022 AED 200,000; 2024 AED 270,000; 2025 AED 320,000Sold by developer, April 2016: AED 389,000 (AED 831 per sqft)

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

Rents
Unit 408, each contractTypical studio in Emirates Cluster 23
20K40K2013201720212025Typical rent by year: 2013 AED 27,000; 2014 AED 34,000; 2015 AED 40,000; 2016 AED 37,000; 2017 AED 34,000; 2018 AED 28,000; 2019 AED 24,000; 2020 AED 18,000; 2021 AED 18,000; 2022 AED 20,500; 2023 AED 22,770; 2024 AED 25,358; 2025 AED 28,000; 2026 AED 28,250New contract, March 2016: AED 41,500 a yearNew contract, September 2016: AED 36,000 a yearRenewal, September 2017: AED 34,000 a yearNew contract, May 2021: AED 17,500 a yearRenewal, October 2024: AED 24,500 a yearRenewal, October 2025: AED 25,725 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 23, and where 408 sits

All 37 studios →

408 last sold in April 2016 at AED 831 per sqft, in line with what studios in Emirates Cluster 23 were fetching at the time (AED 831). 408's AED 25,725 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
28 Jul 2025340,000
22 Jul 2025310,000
21 Feb 2025320,000
11 Jun 2024280,000
0 studio sales in the last 12 months

Emirates Cluster 23

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 37K /yr
Typical yield
Emirates Cluster 23, International City: prices, sales and rents →

Other units on the 4th floor

All 58 units in Emirates Cluster 23
Value
4011-bedAED 709K · Oct 2013
402StudioAED 467K · Sep 2012
403StudioAED 280K · Jun 2024
404StudioAED 265K · Jan 2024
4051-bedAED 305K · Jun 2022
4061-bedAED 390K · Jul 2018
407StudioAED 253K · Sep 2013
1–7 of 12

408, Emirates Cluster 23 in numbers

  • Sold once: by International City on 5 April 2016 for AED 389,000, or AED 831 per sqft.
  • Rented since March 2016 on 6 Ejari contracts. The rent fell from AED 41,500 to AED 17,500 in 2021 and recovered to AED 25,725 by October 2025.
  • At AED 25,725 a year the gross yield on the 2016 price is 6.6%, before a service charge of about AED 4,800 a year (AED 10.28 per sqft).

Source: Dubai Land Department. Updated 25 October 2025.

Questions about 408, Emirates Cluster 23

What did unit 408 last sell for?

AED 389,000 on 5 April 2016, sold by the developer: AED 831 per sqft for 468 sqft. It is the only registered sale of the unit.

What is the rent for unit 408?

AED 25,725 a year on the contract renewed on 25 October 2025. The previous contract, from October 2024, was AED 24,500; the unit has been rented since March 2016.

How big is unit 408?

468 sqft (43.5 sqm): a studio on the 4th floor of a 4-storey tower completed in 2011.

What is unit 408 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 408, Emirates Cluster 23

Starts from the last sale price (AED 389K, 5 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 389,000
Deposit, UAE resident (20%)
AED 77,800
Deposit, non-resident (40%)
AED 155,600
Monthly over 25 years at 3.7%
AED 1,592

Plus AED 19,248 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →