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3-bed · 1,912 sqftSadaf 2, Jumeirah Beach Residence · 26th floor · completed 2007

2602, Sadaf 2

Sold prices and rental history: sold twice, last in October 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2602 · DLD and Ejari recordsUpdated 5 October 2020
Last soldAED 1.22M5 October 2020
Current rentAED 110K /yr25 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2602, Sadaf 2

What is 2602 worth today?

Last sold for AED 1,220,000 in 2020

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5 Oct 2020SoldReady
AED 1,220,000AED 638 per sqft
25 Jan 2020RentedNew contract
AED 110,000/yr12 months · AED 57 per sqft
14 Oct 2017RentedNew contract
AED 135,000/yr12 months · AED 70 per sqft
21 Jul 2016RentedRenewal
AED 165,000/yr12 months · AED 86 per sqft
21 Jul 2015RentedRenewal
AED 180,000/yr12 months · AED 94 per sqft
21 Jul 2014RentedNew contract
AED 149,500/yr12 months · AED 78 per sqft
21 Jul 2013RentedNew contract
AED 130,000/yr12 months · AED 68 per sqft
1 Mar 2013RentedNew contract · flagged as an outlier
AED 41,667/yr4 months · AED 22 per sqft

Source: Dubai Land Department. Updated 5 October 2020.

Key facts

Type
3-bed apartment
Size
1,912 sqft
Floor
26th of 39
Parking
M556/ M557
Developer
Dubai Properties
Completed
2007
Service charge
AED 30,000 /yr
Last sold
AED 1.22M · October 2020
Building
Sadaf 2

About 2602, Sadaf 2

2602 is a three-bedroom apartment of 1,912 sqft on the 26th floor of Sadaf 2, a 39-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 5 October 2020 for AED 1,220,000, or AED 638 per sqft, in line with the AED 637 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 25 January 2020, is AED 110,000 a year: a gross yield of 9.0% on the 2020 price, before the service charge of about AED 30,000 a year.

Sales and rents for 2602 over time

Sales
Unit 2602, each saleTypical three-bed in Sadaf 2
1M2M2007201220172022Typical sale price by year: 2007 AED 699,000; 2008 AED 699,000; 2009 AED 1,174,500; 2010 AED 699,000; 2012 AED 700,000; 2013 AED 699,000; 2014 AED 2,550,000; 2017 AED 2,225,000; 2020 AED 1,162,808; 2022 AED 1,960,000; 2023 AED 2,040,000; 2024 AED 2,457,500Sold by developer, December 2008: AED 910,000 (AED 476 per sqft)Sold, October 2020: AED 1,220,000 (AED 638 per sqft)

2602 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2602, each contractTypical three-bed in Sadaf 2
100K150K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 135,000; 2014 AED 160,000; 2015 AED 170,000; 2016 AED 165,000; 2017 AED 163,691; 2018 AED 145,000; 2019 AED 120,000; 2020 AED 100,001; 2021 AED 98,500; 2022 AED 130,000; 2023 AED 150,000; 2024 AED 170,000; 2025 AED 178,500; 2026 AED 180,000New contract, July 2013: AED 130,000 a yearNew contract, July 2014: AED 149,500 a yearRenewal, July 2015: AED 180,000 a yearRenewal, July 2016: AED 165,000 a yearNew contract, October 2017: AED 135,000 a yearNew contract, January 2020: AED 110,000 a year

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

3-beds in Sadaf 2, and where 2602 sits

All 52 3-beds →

2602 last sold in October 2020 at AED 638 per sqft, in line with what three-beds in Sadaf 2 were fetching at the time (AED 637). 2602's AED 110,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
15 Apr 20252,570,000
26 Nov 20243,100,000
22 Aug 20242,335,000
2 Aug 20242,550,000
0 3-bed sales 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 26th floor

All 137 units in Sadaf 2
Value
26013-bedAED 2.45M · Sep 2015
26034-bedAED 2.73M · Dec 2022
26044-bedAED 4M · Aug 2016

2602, Sadaf 2 in numbers

  • Sold twice: first on 31 December 2008 for AED 910,000, last on 5 October 2020 for AED 1,220,000 (AED 638 per sqft).
  • Rented since March 2013 on 7 Ejari contracts, from AED 41,667 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2020 price is 9.0%, before a service charge of about AED 30,000 a year (AED 15.70 per sqft).

Source: Dubai Land Department. Updated 5 October 2020.

Questions about 2602, Sadaf 2

What did unit 2602 last sell for?

AED 1,220,000 on 5 October 2020: AED 638 per sqft for 1,912 sqft. The unit has 2 registered sales; the first was AED 910,000 in December 2008.

What is the rent for unit 2602?

AED 110,000 a year on the contract signed on 25 January 2020. The previous contract, from October 2017, was AED 135,000; the unit has been rented since March 2013.

How big is unit 2602?

1,912 sqft (177.6 sqm): a three-bedroom apartment on the 26th floor of a 39-storey tower completed in 2007.

What is unit 2602 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 2602, Sadaf 2

Starts from the last sale price (AED 1.22M, 5 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,220,000
Deposit, UAE resident (20%)
AED 244,000
Deposit, non-resident (40%)
AED 488,000
Monthly over 25 years at 3.7%
AED 4,991

Plus AED 56,250 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →