2-bed · 1,384 sqftSadaf 2, Jumeirah Beach Residence · 14th floor · completed 2007

1403, Sadaf 2

Sold prices and rental history: sold once, by the developer in November 2007, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1403 · DLD and Ejari recordsUpdated 22 June 2024
Last soldAED 599K11 November 2007
Current rentAED 120K /yr22 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1403, Sadaf 2

What is 1403 worth today?

Last sold for AED 599,000 in 2007

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22 Jun 2024RentedRenewal
AED 120,000/yr1 months · AED 87 per sqft
22 Jun 2023RentedNew contract
AED 120,000/yr12 months · AED 87 per sqft
1 May 2022RentedNew contract
AED 100,000/yr12 months · AED 72 per sqft
11 Feb 2021RentedRenewal
AED 74,000/yr12 months · AED 53 per sqft
11 Dec 2020RentedRenewal
AED 71,850/yr2 months · AED 52 per sqft
11 Sep 2020RentedRenewal
AED 85,000/yr3 months · AED 61 per sqft
11 Sep 2019RentedNew contract
AED 85,000/yr12 months · AED 61 per sqft
25 Oct 2017RentedRenewal
AED 120,000/yr12 months · AED 87 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 June 2024.

Key facts

Type
2-bed apartment
Size
1,384 sqft
Floor
14th of 39
Parking
M565
Developer
Dubai Properties
Completed
2007
Service charge
AED 21,700 /yr
Last sold
AED 599K · November 2007
Building
Sadaf 2

About 1403, Sadaf 2

1403 is a two-bedroom apartment of 1,384 sqft on the 14th floor of Sadaf 2, a 39-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 11 November 2007 for AED 599,000, or AED 432 per sqft, 5% above the AED 413 two-beds in the building were fetching at the time.

It has been rented continuously since 2011 on 14 Ejari contracts. The current contract, renewed on 22 June 2024, is AED 120,000 a year: a gross yield of 20.0% on the 2007 price, before the service charge of about AED 21,700 a year.

Sales and rents for 1403 over time

Sales
Unit 1403, each saleTypical two-bed in Sadaf 2
1M2M2007201220172022Typical sale price by year: 2007 AED 617,000; 2008 AED 720,000; 2009 AED 550,000; 2010 AED 720,000; 2011 AED 1,500,000; 2013 AED 1,744,000; 2014 AED 2,220,000; 2015 AED 1,212,000; 2016 AED 1,750,000; 2018 AED 1,580,000; 2021 AED 1,390,000; 2023 AED 1,750,000; 2024 AED 2,051,024Sold by developer, November 2007: AED 599,000 (AED 432 per sqft)

1403 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1403, each contractTypical two-bed in Sadaf 2
100K2011201520192023Typical rent by year: 2012 AED 105,000; 2013 AED 110,000; 2014 AED 125,000; 2015 AED 130,000; 2016 AED 130,000; 2017 AED 120,000; 2018 AED 113,500; 2019 AED 95,000; 2020 AED 75,000; 2021 AED 75,000; 2022 AED 98,950; 2023 AED 120,000; 2024 AED 130,000; 2025 AED 129,305New contract, December 2011: AED 105,000 a yearNew contract, December 2012: AED 105,000 a yearNew contract, July 2013: AED 110,000 a yearNew contract, September 2014: AED 130,000 a yearRenewal, September 2015: AED 130,000 a yearNew contract, October 2016: AED 120,000 a yearRenewal, October 2017: AED 120,000 a yearNew contract, September 2019: AED 85,000 a yearRenewal, September 2020: AED 85,000 a yearRenewal, December 2020: AED 71,850 a yearRenewal, February 2021: AED 74,000 a yearNew contract, May 2022: AED 100,000 a yearNew contract, June 2023: AED 120,000 a yearRenewal, June 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 Sadaf 2, and where 1403 sits

All 40 2-beds →

1403 last sold in November 2007 at AED 432 per sqft, 5% above what two-beds in Sadaf 2 were fetching at the time (AED 413). Over the last 12 months two-beds sold for AED 1,713,543, around AED 1,223 per sqft, and rent for AED 111,000 to 130,000 a year. 1403's AED 120,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
9 May 20252,250,000
12 Jul 20242,182,500
30 Apr 20241,880,000
22 Mar 20242,450,000
1 2-bed sale in the last 12 months

Sadaf 2

Building

137 apartments, 2-bed to 4-bed over 39 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 1 sold in the last 12 months.

Typical price per sqft
AED 1,223
Typical sale
AED 1.71M
Typical rent
AED 170K /yr
Typical yield
7.4%
Sadaf 2, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 14th floor

All 137 units in Sadaf 2
Value
14013-bedAED 2.3M · Jun 2008
14023-bedAED 2.4M · Sep 2008
14042-bedAED 1.78M · Oct 2016
14054-bedAED 6.29M · Nov 2024

1403, Sadaf 2 in numbers

  • Sold once: by Dubai Properties on 11 November 2007 for AED 599,000, or AED 432 per sqft.
  • Rented since December 2011 on 14 Ejari contracts. The rent fell from AED 105,000 to AED 71,850 in 2020 and recovered to AED 120,000 by June 2024.
  • At AED 120,000 a year the gross yield on the 2007 price is 20.0%, before a service charge of about AED 21,700 a year (AED 15.70 per sqft).
  • Two-beds in Sadaf 2 sold for AED 1,713,543–1,713,543 in the 12 months to November 2026; the building's median across all types is AED 1,223 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 22 June 2024.

Questions about 1403, Sadaf 2

What did unit 1403 last sell for?

AED 599,000 on 11 November 2007, sold by the developer: AED 432 per sqft for 1,384 sqft. It is the only registered sale of the unit.

What is the rent for unit 1403?

AED 120,000 a year on the contract renewed on 22 June 2024. The previous contract, from June 2023, was AED 120,000; the unit has been rented since December 2011.

How big is unit 1403?

1,384 sqft (128.6 sqm): a two-bedroom apartment on the 14th floor of a 39-storey tower completed in 2007.

What is unit 1403 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Sadaf 2 sold for AED 1,713,543 to 1,713,543 in the last 12 months, around AED 1,223 per sqft.

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Mortgage on 1403, Sadaf 2

Starts from the last sale price (AED 599K, 11 November 2007). Switch to today's estimate once you have unlocked it.
Price
AED 599,000
Deposit, UAE resident (20%)
AED 119,800
Deposit, non-resident (40%)
AED 239,600
Monthly over 25 years at 3.7%
AED 2,451

Plus AED 30,168 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →