2-bed · 1,156 sqftBahar 1, Jumeirah Beach Residence · 5th floor · completed 2007

502, Bahar 1

Sold prices and rental history: sold once, by the developer in May 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 3 October 2024
Last soldAED 780K25 May 2008
Current rentAED 120K /yr3 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Bahar 1

What is 502 worth today?

Last sold for AED 780,000 in 2008

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3 Oct 2024RentedNew contract
AED 120,000/yr12 months · AED 104 per sqft
25 Oct 2023RentedRenewal
AED 120,000/yr12 months · AED 104 per sqft
25 Oct 2022RentedNew contract
AED 110,000/yr12 months · AED 96 per sqft
10 Oct 2021RentedRenewal
AED 72,000/yr12 months · AED 63 per sqft
5 Oct 2020RentedRenewal
AED 67,000/yr12 months · AED 58 per sqft
5 Oct 2019RentedNew contract
AED 80,000/yr12 months · AED 69 per sqft
11 Sep 2019RentedNew contract
AED 98,000/yr13 months · AED 85 per sqft
1 Sep 2018RentedNew contract
AED 95,000/yr12 months · AED 82 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 3 October 2024.

Key facts

Type
2-bed apartment
Size
1,156 sqft
Floor
5th of 46
Parking
M90
Developer
Dubai Properties
Completed
2007
Service charge
AED 18,900 /yr
Last sold
AED 780K · May 2008
Building
Bahar 1

About 502, Bahar 1

502 is a two-bedroom apartment of 1,156 sqft on the 5th floor of Bahar 1, a 46-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 25 May 2008 for AED 780,000, or AED 675 per sqft, in line with the AED 664 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 3 October 2024, is AED 120,000 a year: a gross yield of 15.4% on the 2008 price, before the service charge of about AED 18,900 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical two-bed in Bahar 1
1M2M2007201220172022Typical sale price by year: 2007 AED 820,000; 2008 AED 1,031,900; 2009 AED 860,000; 2010 AED 1,050,000; 2011 AED 1,161,500; 2012 AED 1,270,000; 2013 AED 1,490,000; 2014 AED 1,643,000; 2015 AED 1,715,000; 2016 AED 1,767,500; 2017 AED 1,680,000; 2018 AED 1,530,000; 2019 AED 1,200,000; 2020 AED 1,090,000; 2021 AED 1,300,000; 2022 AED 1,700,000; 2023 AED 1,850,000; 2024 AED 2,075,000; 2025 AED 2,000,000Sold by developer, May 2008: AED 780,000 (AED 675 per sqft)

502 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 502, each contractTypical two-bed in Bahar 1
100K150K20112015201920232027Typical rent by year: 2011 AED 110,000; 2012 AED 100,000; 2013 AED 120,000; 2014 AED 126,500; 2015 AED 130,000; 2016 AED 130,000; 2017 AED 120,000; 2018 AED 110,000; 2019 AED 95,000; 2020 AED 80,000; 2021 AED 77,000; 2022 AED 92,000; 2023 AED 105,000; 2024 AED 125,000; 2025 AED 125,500; 2026 AED 140,000New contract, August 2013: AED 110,000 a yearRenewal, August 2015: AED 125,337 a yearNew contract, September 2017: AED 105,000 a yearNew contract, September 2018: AED 95,000 a yearNew contract, September 2019: AED 98,000 a yearNew contract, October 2019: AED 80,000 a yearRenewal, October 2020: AED 67,000 a yearRenewal, October 2021: AED 72,000 a yearNew contract, October 2022: AED 110,000 a yearRenewal, October 2023: AED 120,000 a yearNew contract, October 2024: AED 120,000 a year

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

2-beds in Bahar 1, and where 502 sits

All 239 2-beds →

502 last sold in May 2008 at AED 675 per sqft, in line with what two-beds in Bahar 1 were fetching at the time (AED 664). Over the last 12 months two-beds sold for AED 2,000,000 to 2,300,000, around AED 1,749 per sqft, and rent for AED 104,015 to 300,000 a year. 502's AED 120,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Feb 20262,300,000
22 Dec 20252,000,000
2 Jul 20251,900,000
4 Jun 20252,652,000
3 2-bed sales in the last 12 months

Bahar 1

Building

330 apartments, studios to 4-bed over 46 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 5 sold in the last 12 months.

Typical price per sqft
AED 1,555
Typical sale
AED 2M
Typical rent
AED 125K /yr
Typical yield
6.5%
Bahar 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 5th floor

All 330 units in Bahar 1
Value
5012-bedAED 860K · Dec 2009
5031-bedAED 400K · Feb 2011
5041-bedAED 1.35M · Sep 2017
5051-bedAED 1.48M · May 2008
5061-bedAED 1.16M · Dec 2014
5072-bedAED 860K · Nov 2007
5082-bedAED 1.75M · Feb 2017

502, Bahar 1 in numbers

  • Sold once: by Dubai Properties on 25 May 2008 for AED 780,000, or AED 675 per sqft.
  • Rented since August 2013 on 11 Ejari contracts. The rent fell from AED 110,000 to AED 67,000 in 2020 and recovered to AED 120,000 by October 2024.
  • At AED 120,000 a year the gross yield on the 2008 price is 15.4%, before a service charge of about AED 18,900 a year (AED 16.36 per sqft).
  • Two-beds in Bahar 1 sold for AED 2,000,000–2,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,555 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 3 October 2024.

Questions about 502, Bahar 1

What did unit 502 last sell for?

AED 780,000 on 25 May 2008, sold by the developer: AED 675 per sqft for 1,156 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 120,000 a year on the contract signed on 3 October 2024. The previous contract, from October 2023, was AED 120,000; the unit has been rented since August 2013.

How big is unit 502?

1,156 sqft (107.4 sqm): a two-bedroom apartment on the 5th floor of a 46-storey tower completed in 2007.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Bahar 1 sold for AED 2,000,000 to 2,300,000 in the last 12 months, around AED 1,749 per sqft.

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Mortgage on 502, Bahar 1

Starts from the last sale price (AED 780K, 25 May 2008). Switch to today's estimate once you have unlocked it.
Price
AED 780,000
Deposit, UAE resident (20%)
AED 156,000
Deposit, non-resident (40%)
AED 312,000
Monthly over 25 years at 3.7%
AED 3,191

Plus AED 37,770 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →