2401, MBL Residence
Sold prices and rental history: sold once, by the developer in June 2022, and rented once, from October 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2401, MBL Residence
What is 2401 worth today?
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Source: Dubai Land Department. Updated 6 June 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 751 sqft
- Floor
- 24th of 42
- Parking
- DMCC-2014
- Developer
- MBL Development DMCC
- Completed
- 2021
- Service charge
- AED 11,900 /yr
- Last sold
- AED 1.37M · June 2022
- Building
- MBL Residence
About 2401, MBL Residence
2401 is a one-bedroom apartment of 751 sqft on the 24th floor of MBL Residence, a 42-storey tower in Jumeirah Lake Towers (JLT) completed in 2021 by MBL Development DMCC. The developer sold it on 6 June 2022 for AED 1,370,000, or AED 1,823 per sqft, 38% above the AED 1,323 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 6 October 2021. The current contract, signed on 6 October 2021, is AED 80,000 a year: a gross yield of 5.8% on the 2022 price, before the service charge of about AED 11,900 a year.
Sales and rents for 2401 over time
2401 has sold once; the dashed line is the one-bed median of each year in the building.
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 2401 sits
All 293 1-beds →2401 last sold in June 2022 at AED 1,823 per sqft, 38% above what one-beds in MBL Residence were fetching at the time (AED 1,323). 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. 2401's AED 80,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Feb 20264 February 2026 | 786 sqft | 1,630,000 | 2,073 | ||
| 3 Feb 20263 February 2026 | 786 sqft | 1,650,000 | 2,099 | ||
| 28 Jan 202628 January 2026 | 751 sqft | 1,550,000 | 2,063 | ||
| 28 Jan 202628 January 2026 | 751 sqft | 1,510,000 | 2,010 |
MBL Residence
Building470 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%
Other units on the 24th floor
All 470 units in MBL Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2402 | 2-bed | 1,337 sqft | AED 1.82MAED 1,820,000 · Jan 2022January 2022 | 160,000 /yr | |
| 2403 | 1-bed | 786 sqft | AED 1.01MAED 1,012,201 · Oct 2021October 2021 | 100,000 /yr | |
| 2404 | 1-bed | 786 sqft | AED 1.6MAED 1,600,000 · Jan 2025January 2025 | 110,000 /yr | |
| 2405 | 2-bed | 1,337 sqft | AED 1.95MAED 1,945,350 · Jun 2022June 2022 | 110,000 /yr | |
| 2406 | 1-bed | 751 sqft | AED 1.45MAED 1,450,000 · Jul 2023July 2023 | 63,500 /yr | |
| 2407 | 1-bed | 752 sqft | AED 1.05MAED 1,050,000 · Jan 2022January 2022 | 63,500 /yr | |
| 2408 | 2-bed | 1,337 sqft | AED 1.87MAED 1,865,000 · Jul 2022July 2022 | 160,000 /yr | |
| 2409 | 1-bed | 786 sqft | AED 990KAED 989,745 · Dec 2021December 2021 | ||
| 2410 | 1-bed | 786 sqft | AED 1.14MAED 1,140,000 · Mar 2022March 2022 | 120,000 /yr | |
| 2411 | 2-bed | 1,337 sqft | AED 1.92MAED 1,915,000 · Apr 2022April 2022 | 160,000 /yr | |
| 2412 | 1-bed | 751 sqft | AED 1.55MAED 1,550,000 · Sep 2024September 2024 | 110,000 /yr |
2401, MBL Residence in numbers
- Sold once: by MBL Development DMCC on 6 June 2022 for AED 1,370,000, or AED 1,823 per sqft.
- Rented since October 2021 on one Ejari contract, at AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2022 price is 5.8%, before a service charge of about AED 11,900 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 6 June 2022.
Questions about 2401, MBL Residence
What did unit 2401 last sell for?
AED 1,370,000 on 6 June 2022, sold by the developer: AED 1,823 per sqft for 751 sqft. It is the only registered sale of the unit.
What is the rent for unit 2401?
AED 80,000 a year on the contract signed on 6 October 2021.
How big is unit 2401?
751 sqft (69.8 sqm): a one-bedroom apartment on the 24th floor of a 42-storey tower completed in 2021.
What is unit 2401 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 2401, MBL Residence
Starts from the last sale price (AED 1.37M, 6 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,370,000
- Deposit, UAE resident (20%)
- AED 274,000
- Deposit, non-resident (40%)
- AED 548,000
- Monthly over 25 years at 3.7%
- AED 5,605
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →