408, Park Corner
Sold prices and rental history: sold once, by the developer in March 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Park Corner
What is 408 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 8 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,163 sqft
- Floor
- 4th of 4
- Parking
- B1-042
- Developer
- Gulf Technical Construction Co
- Completed
- 2013
- Service charge
- AED 19,000 /yr
- Last sold
- AED 942K · March 2016
- Building
- Park Corner
About 408, Park Corner
408 is a two-bedroom apartment of 1,163 sqft on the 4th floor of Park Corner, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2013 by Gulf Technical Construction Co. The developer sold it on 29 March 2016 for AED 942,030, or AED 809 per sqft, in line with the AED 809 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 8 March 2024, is AED 80,000 a year: a gross yield of 8.5% on the 2016 price, before the service charge of about AED 19,000 a year.
Sales and rents for 408 over time
408 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Park Corner, and where 408 sits
All 16 2-beds →408 last sold in March 2016 at AED 809 per sqft, in line with what two-beds in Park Corner were fetching at the time (AED 809). 408's AED 80,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Nov 202426 November 2024 | 1,605 sqft | 1,225,000 | 763 | ||
| 26 Apr 202326 April 2023 | 1,809 sqft | 1,250,000 | 691 | ||
| 9 Dec 20219 December 2021 | 1,288 sqft | 715,000 | 555 | ||
| 30 May 201630 May 2016 | 1,433 sqft | 998,250 | 696 |
Park Corner
Building46 apartments, studios to 3-bed over 4 floors in Jumeirah Village Circle (JVC), completed in 2013 by Gulf Technical Construction Co. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- AED 80K /yr
- Typical yield
Other units on the 4th floor
All 46 units in Park Corner| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,758 sqft | AED 1.42MAED 1,423,170 · Apr 2016April 2016 | 80,000 /yr | |
| 402 | Studio | 358 sqft | AED 279KAED 278,640 · Mar 2016March 2016 | 50,000 /yr | |
| 403 | 1-bed | 1,040 sqft | AED 842KAED 842,066 · Feb 2016February 2016 | 54,000 /yr | |
| 404 | 916 sqft | AED 642KAED 642,000 · Sep 2025September 2025 | 58,000 /yr | ||
| 405 | 2-bed | 1,936 sqft | AED 1.57MAED 1,568,160 · Mar 2016March 2016 | 79,275 /yr | |
| 406 | 1-bed | 1,580 sqft | AED 1.28MAED 1,279,800 · Mar 2016March 2016 | 63,000 /yr | |
| 407 | 1-bed | 771 sqft | AED 745KAED 745,000 · Sep 2024September 2024 | 70,000 /yr | |
| 409 | 1-bed | 1,124 sqft | AED 910KAED 910,440 · Mar 2016March 2016 | 43,919 /yr |
408, Park Corner in numbers
- Sold once: by Gulf Technical Construction Co on 29 March 2016 for AED 942,030, or AED 809 per sqft.
- Rented since June 2013 on 8 Ejari contracts. The rent fell from AED 60,000 to AED 42,000 in 2021 and recovered to AED 80,000 by March 2024.
- At AED 80,000 a year the gross yield on the 2016 price is 8.5%, before a service charge of about AED 19,000 a year (AED 16.37 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 8 March 2024.
Questions about 408, Park Corner
What did unit 408 last sell for?
AED 942,030 on 29 March 2016, sold by the developer: AED 809 per sqft for 1,163 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 80,000 a year on the contract signed on 8 March 2024. The previous contract, from February 2023, was AED 60,000; the unit has been rented since June 2013.
How big is unit 408?
1,163 sqft (108.0 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower completed in 2013.
What is unit 408 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 408, Park Corner
Starts from the last sale price (AED 942K, 29 March 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 942,030
- Deposit, UAE resident (20%)
- AED 188,406
- Deposit, non-resident (40%)
- AED 376,812
- Monthly over 25 years at 3.7%
- AED 3,854
Plus AED 44,575 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →