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2-bed · 2,042 sqftBahar 1, Jumeirah Beach Residence · Ground floor · completed 2007

L03, Bahar 1

Sold prices and rental history: sold once, by the developer in December 2007, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit L03 · DLD and Ejari recordsUpdated 1 May 2021
Last soldAED 1.29M30 December 2007
Current rentAED 180K /yr1 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for L03, Bahar 1

What is L03 worth today?

Last sold for AED 1,285,000 in 2007

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1 May 2021RentedRenewal
AED 180,000/yr12 months · AED 88 per sqft
1 Sep 2020RentedRenewal
AED 270,000/yr8 months · AED 132 per sqft
1 Sep 2019RentedNew contract
AED 180,000/yr12 months · AED 88 per sqft
1 Jul 2019RentedRenewal
AED 180,000/yr12 months · AED 88 per sqft
1 Jul 2018RentedRenewal
AED 180,000/yr12 months · AED 88 per sqft
1 Jul 2017RentedRenewal
AED 198,000/yr12 months · AED 97 per sqft
1 Jul 2016RentedNew contract
AED 198,000/yr12 months · AED 97 per sqft
30 Dec 2007Sold by developerReady
AED 1,285,000AED 629 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 May 2021.

Key facts

Type
2-bed apartment
Size
2,042 sqft
Floor
Ground of 46
Parking
G27
Developer
Dubai Properties
Completed
2007
Service charge
AED 33,400 /yr
Last sold
AED 1.29M · December 2007
Building
Bahar 1

About L03, Bahar 1

L03 is a two-bedroom apartment of 2,042 sqft on the ground floor of Bahar 1, a 46-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 30 December 2007 for AED 1,285,000, or AED 629 per sqft, in line with the AED 629 two-beds 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 May 2021, is AED 180,000 a year: a gross yield of 14.0% on the 2007 price, before the service charge of about AED 33,400 a year.

Sales and rents for L03 over time

Sales
Unit L03, 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, December 2007: AED 1,285,000 (AED 629 per sqft)

L03 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit L03, each contractTypical two-bed in Bahar 1
100K200K300K20112015201920232027Typical 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, July 2016: AED 198,000 a yearRenewal, July 2017: AED 198,000 a yearRenewal, July 2018: AED 180,000 a yearRenewal, July 2019: AED 180,000 a yearNew contract, September 2019: AED 180,000 a yearRenewal, September 2020: AED 270,000 a yearRenewal, May 2021: AED 180,000 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 L03 sits

All 239 2-beds →

L03 last sold in December 2007 at AED 629 per sqft, in line with what two-beds in Bahar 1 were fetching at the time (AED 629). 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. L03's AED 180,000 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 ground floor

All 330 units in Bahar 1
Value
L014-bedAED 4.4M · Jun 2023
L02AED 3.2M · Dec 2020
L042-bedAED 1.29M · Mar 2008

L03, Bahar 1 in numbers

  • Sold once: by Dubai Properties on 30 December 2007 for AED 1,285,000, or AED 629 per sqft.
  • Rented since July 2016 on 7 Ejari contracts, from AED 198,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2007 price is 14.0%, before a service charge of about AED 33,400 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 1 May 2021.

Questions about L03, Bahar 1

What did unit L03 last sell for?

AED 1,285,000 on 30 December 2007, sold by the developer: AED 629 per sqft for 2,042 sqft. It is the only registered sale of the unit.

What is the rent for unit L03?

AED 180,000 a year on the contract renewed on 1 May 2021. The previous contract, from September 2020, was AED 270,000; the unit has been rented since July 2016.

How big is unit L03?

2,042 sqft (189.7 sqm): a two-bedroom apartment on the ground floor of a 46-storey tower completed in 2007.

What is unit L03 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 L03, Bahar 1

Starts from the last sale price (AED 1.29M, 30 December 2007). Switch to today's estimate once you have unlocked it.
Price
AED 1,285,000
Deposit, UAE resident (20%)
AED 257,000
Deposit, non-resident (40%)
AED 514,000
Monthly over 25 years at 3.7%
AED 5,257

Plus AED 58,980 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →