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2-bed · 1,402 sqftSadaf 1, Jumeirah Beach Residence · 15th floor · completed 2007

1508, Sadaf 1

Sold prices and rental history: sold 3 times, last in November 2024, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1508 · DLD and Ejari recordsUpdated 14 November 2024
Last soldAED 2.25M14 November 2024
Current rentAED 100K /yr8 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1508, Sadaf 1

What is 1508 worth today?

Last sold for AED 2,250,000 in 2024

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14 Nov 2024SoldReady
AED 2,250,000AED 1,604 per sqft
8 Dec 2021RentedRenewal
AED 100,000/yr12 months · AED 71 per sqft
8 Dec 2020RentedNew contract
AED 100,000/yr12 months · AED 71 per sqft
5 Sep 2013SoldReady
AED 1,800,000AED 1,283 per sqft
1 Jan 2013RentedNew contract
AED 95,000/yr12 months · AED 68 per sqft
14 Jan 2009Sold by developerReady
AED 599,000AED 427 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 14 November 2024.

Key facts

Type
2-bed apartment
Size
1,402 sqft
Floor
15th of 39
Parking
B334
Developer
Dubai Properties
Completed
2007
Service charge
AED 27,400 /yr
Last sold
AED 2.25M · November 2024
Building
Sadaf 1

About 1508, Sadaf 1

1508 is a two-bedroom apartment of 1,402 sqft on the 15th floor of Sadaf 1, a 39-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 14 November 2024 for AED 2,250,000, or AED 1,604 per sqft, 5% above the AED 1,526 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, renewed on 8 December 2021, is AED 100,000 a year: a gross yield of 4.4% on the 2024 price, before the service charge of about AED 27,400 a year.

Sales and rents for 1508 over time

Sales
Unit 1508, each saleTypical two-bed in Sadaf 1
1M2M2007201220172022Typical sale price by year: 2007 AED 550,000; 2008 AED 599,000; 2009 AED 599,000; 2010 AED 668,713; 2012 AED 1,350,000; 2013 AED 1,760,000; 2014 AED 2,292,500; 2015 AED 1,850,000; 2021 AED 1,520,000; 2023 AED 1,962,500; 2024 AED 2,250,000Sold by developer, January 2009: AED 599,000 (AED 427 per sqft)Sold, September 2013: AED 1,800,000 (AED 1,283 per sqft)Sold, November 2024: AED 2,250,000 (AED 1,604 per sqft)

1508 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1508, each contractTypical two-bed in Sadaf 1
100K150K2012201620202024Typical rent by year: 2012 AED 105,000; 2013 AED 110,000; 2014 AED 130,000; 2015 AED 132,500; 2016 AED 130,000; 2017 AED 130,000; 2018 AED 115,000; 2019 AED 105,000; 2020 AED 90,000; 2021 AED 85,000; 2022 AED 94,500; 2023 AED 115,000; 2024 AED 125,981; 2025 AED 132,500; 2026 AED 145,000New contract, January 2013: AED 95,000 a yearNew contract, December 2020: AED 100,000 a yearRenewal, December 2021: AED 100,000 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 Sadaf 1, and where 1508 sits

All 35 2-beds →

1508 last sold in November 2024 at AED 1,604 per sqft, 5% above what two-beds in Sadaf 1 were fetching at the time (AED 1,526). 1508's AED 100,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Apr 20252,150,000
27 Jan 20252,600,000
18 Oct 20241,945,000
28 Mar 20242,400,000
0 2-bed sales in the last 12 months

Sadaf 1

Building

121 apartments, studios to 4-bed over 39 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 2 sold in the last 12 months.

Typical price per sqft
AED 1,362
Typical sale
AED 5.66M
Typical rent
AED 170K /yr
Typical yield
6.6%
Sadaf 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 15th floor

All 121 units in Sadaf 1
Value
15063-bedAED 2.65M · Sep 2024
15073-bedAED 1.3M · Jul 2020
15092-bedAED 2.05M · Nov 2023

1508, Sadaf 1 in numbers

  • Sold 3 times: first on 14 January 2009 for AED 599,000, last on 14 November 2024 for AED 2,250,000 (AED 1,604 per sqft).
  • Rented since January 2013 on 3 Ejari contracts, from AED 95,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2024 price is 4.4%, before a service charge of about AED 27,400 a year (AED 19.53 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 14 November 2024.

Questions about 1508, Sadaf 1

What did unit 1508 last sell for?

AED 2,250,000 on 14 November 2024: AED 1,604 per sqft for 1,402 sqft. The unit has 3 registered sales; the first was AED 599,000 in January 2009.

What is the rent for unit 1508?

AED 100,000 a year on the contract renewed on 8 December 2021. The previous contract, from December 2020, was AED 100,000; the unit has been rented since January 2013.

How big is unit 1508?

1,402 sqft (130.3 sqm): a two-bedroom apartment on the 15th floor of a 39-storey tower completed in 2007.

What is unit 1508 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 1508, Sadaf 1

Starts from the last sale price (AED 2.25M, 14 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,250,000
Deposit, UAE resident (20%)
AED 450,000
Deposit, non-resident (40%)
AED 900,000
Monthly over 25 years at 3.7%
AED 9,205

Plus AED 99,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →