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1-bed · 867 sqftMBL Residence, Jumeirah Lake Towers (JLT) · 2nd floor · completed 2021

204, MBL Residence

Sold prices and rental history: sold 3 times, last in March 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 204 · DLD and Ejari recordsUpdated 10 December 2023
Last soldAED 1.25M14 March 2022
Current rentAED 110K /yr10 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 204, MBL Residence

What is 204 worth today?

Last sold for AED 1,250,000 in 2022

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10 Dec 2023RentedNew contract
AED 110,000/yr12 months · AED 126 per sqft
5 Nov 2022RentedNew contract
AED 110,000/yr12 months · AED 126 per sqft
14 Mar 2022SoldReady
AED 1,250,000AED 1,440 per sqft
25 Feb 2022SoldReady
AED 997,007AED 1,149 per sqft
10 Mar 2021Sold by developerOff-plan
AED 868,000AED 1,000 per sqft

Source: Dubai Land Department. Updated 10 December 2023.

Key facts

Type
1-bed apartment
Size
867 sqft
Floor
2nd of 42
Parking
DMCC-2033
Developer
MBL Development DMCC
Completed
2021
Service charge
AED 13,800 /yr
Last sold
AED 1.25M · March 2022
Building
MBL Residence

About 204, MBL Residence

204 is a one-bedroom apartment of 867 sqft on the 2nd floor of MBL Residence, a 42-storey tower in Jumeirah Lake Towers (JLT) completed in 2021 by MBL Development DMCC. It last sold on 14 March 2022 for AED 1,250,000, or AED 1,440 per sqft, 16% above the AED 1,237 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 10 December 2023, is AED 110,000 a year: a gross yield of 8.8% on the 2022 price, before the service charge of about AED 13,800 a year.

Sales and rents for 204 over time

Sales
Unit 204, each saleTypical one-bed in MBL Residence
1M1.5M2018202120242027Typical sale price by year: 2018 AED 986,500; 2019 AED 914,582; 2020 AED 945,400; 2021 AED 905,450; 2022 AED 1,090,700; 2023 AED 1,342,750; 2024 AED 1,480,000; 2025 AED 1,580,000; 2026 AED 1,630,000Sold by developer, March 2021: AED 868,000 (AED 1,000 per sqft)Sold, February 2022: AED 997,007 (AED 1,149 per sqft)Sold, March 2022: AED 1,250,000 (AED 1,440 per sqft)

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

Rents
Unit 204, each contractTypical one-bed in MBL Residence
80K100K2021202320252027Typical rent by year: 2021 AED 68,000; 2022 AED 82,000; 2023 AED 98,000; 2024 AED 109,700; 2025 AED 110,000; 2026 AED 110,000New contract, November 2022: AED 110,000 a yearNew contract, December 2023: AED 110,000 a year

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

1-beds in MBL Residence, and where 204 sits

All 293 1-beds →

204 last sold in March 2022 at AED 1,440 per sqft, 16% above what one-beds in MBL Residence were fetching at the time (AED 1,237). Over the last 12 months one-beds sold for AED 1,300,000 to 1,650,000, around AED 2,063 per sqft, and rent for AED 67,000 to 130,000 a year. 204's AED 110,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Feb 20261,630,000
3 Feb 20261,650,000
28 Jan 20261,550,000
28 Jan 20261,510,000
14 1-bed sales in the last 12 months

MBL Residence

Building

470 apartments, 1-bed to 3-bed over 42 floors in Jumeirah Lake Towers (JLT), completed in 2021 by MBL Development DMCC. 16 sold in the last 12 months.

Typical price per sqft
AED 2,062 Up 6.7%
Typical sale
AED 1.62M
Typical rent
AED 115K /yr
Typical yield
6.8%
MBL Residence, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 2nd floor

All 470 units in MBL Residence
Value
2011-bedAED 1.53M · Jul 2025
2022-bedAED 2.35M · Aug 2023
2031-bedAED 1.65M · Mar 2025
2052-bedAED 2.19M · Oct 2022
2061-bedAED 847K · Jan 2022
2071-bedAED 750K · Mar 2021
2082-bedAED 2M · Mar 2024
1–7 of 11

204, MBL Residence in numbers

  • Sold 3 times: first on 10 March 2021 for AED 868,000, last on 14 March 2022 for AED 1,250,000 (AED 1,440 per sqft).
  • Rented since November 2022 on 2 Ejari contracts, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2022 price is 8.8%, before a service charge of about AED 13,800 a year (AED 15.86 per sqft).
  • One-beds in MBL Residence sold for AED 1,300,000–1,650,000 in the 12 months to November 2026; the building's median across all types is AED 2,062 per sqft.

Source: Dubai Land Department. Updated 10 December 2023.

Questions about 204, MBL Residence

What did unit 204 last sell for?

AED 1,250,000 on 14 March 2022: AED 1,440 per sqft for 867 sqft. The unit has 3 registered sales; the first was AED 868,000 in March 2021.

What is the rent for unit 204?

AED 110,000 a year on the contract signed on 10 December 2023. The previous contract, from November 2022, was AED 110,000.

How big is unit 204?

867 sqft (80.5 sqm): a one-bedroom apartment on the 2nd floor of a 42-storey tower completed in 2021.

What is unit 204 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in MBL Residence sold for AED 1,300,000 to 1,650,000 in the last 12 months, around AED 2,063 per sqft.

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Mortgage on 204, MBL Residence

Starts from the last sale price (AED 1.25M, 14 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →