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2-bed · 1,384 sqftSadaf 2, Jumeirah Beach Residence · 7th floor · completed 2007

704, Sadaf 2

Sold prices and rental history: sold twice, last in April 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 7 April 2023
Last soldAED 1.6M7 April 2023
Current rentAED 95K /yr20 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 704, Sadaf 2

What is 704 worth today?

Last sold for AED 1,600,000 in 2023

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7 Apr 2023SoldReady
AED 1,600,000AED 1,156 per sqft
20 Mar 2022RentedRenewal
AED 95,000/yr12 months · AED 68 per sqft
20 Mar 2020RentedRenewal
AED 115,000/yr12 months · AED 83 per sqft
20 Mar 2019RentedNew contract
AED 140,000/yr12 months · AED 101 per sqft
25 Jan 2018RentedRenewal
AED 126,000/yr12 months · AED 91 per sqft
25 Jan 2017RentedRenewal
AED 140,000/yr12 months · AED 101 per sqft
21 Jan 2015RentedNew contract
AED 145,000/yr12 months · AED 104 per sqft
22 Nov 2012RentedNew contract
AED 125,000/yr12 months · AED 90 per sqft

Source: Dubai Land Department. Updated 7 April 2023.

Key facts

Type
2-bed apartment
Size
1,384 sqft
Floor
7th of 39
Parking
B671
Developer
Dubai Properties
Completed
2007
Service charge
AED 21,700 /yr
Last sold
AED 1.6M · April 2023
Building
Sadaf 2

About 704, Sadaf 2

704 is a two-bedroom apartment of 1,384 sqft on the 7th floor of Sadaf 2, a 39-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 7 April 2023 for AED 1,600,000, or AED 1,156 per sqft.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 20 March 2022, is AED 95,000 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 21,700 a year.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical two-bed in Sadaf 2
01M2M2007201220172022Typical 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, January 2008: AED 275,000 (AED 198 per sqft)Sold, April 2023: AED 1,600,000 (AED 1,156 per sqft)

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

Rents
Unit 704, each contractTypical two-bed in Sadaf 2
100K150K2012201620202024Typical 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, November 2012: AED 125,000 a yearNew contract, January 2015: AED 145,000 a yearRenewal, January 2017: AED 140,000 a yearRenewal, January 2018: AED 126,000 a yearNew contract, March 2019: AED 140,000 a yearRenewal, March 2020: AED 115,000 a yearRenewal, March 2022: AED 95,000 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 704 sits

All 40 2-beds →

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. 704's AED 95,000 is at the bottom 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 7th floor

All 137 units in Sadaf 2
Value
7013-bedAED 1.95M · Jan 2018
7023-bedAED 2.25M · Nov 2022
7032-bedAED 550K · Feb 2012
7054-bedAED 5.43M · Jan 2009

704, Sadaf 2 in numbers

  • Sold twice: first on 8 January 2008 for AED 275,000, last on 7 April 2023 for AED 1,600,000 (AED 1,156 per sqft).
  • Rented since November 2012 on 7 Ejari contracts, from AED 125,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2023 price is 5.9%, 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: Dubai Land Department. Updated 7 April 2023.

Questions about 704, Sadaf 2

What did unit 704 last sell for?

AED 1,600,000 on 7 April 2023: AED 1,156 per sqft for 1,384 sqft. The unit has 2 registered sales; the first was AED 275,000 in January 2008.

What is the rent for unit 704?

AED 95,000 a year on the contract renewed on 20 March 2022. The previous contract, from March 2020, was AED 115,000; the unit has been rented since November 2012.

How big is unit 704?

1,384 sqft (128.6 sqm): a two-bedroom apartment on the 7th floor of a 39-storey tower completed in 2007.

What is unit 704 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 704, Sadaf 2

Starts from the last sale price (AED 1.6M, 7 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

Plus AED 72,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →