303, Bright Corner
Sold prices and rental history: sold once, by the developer in December 2020, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 303, Bright Corner
What is 303 worth today?
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Source: Dubai Land Department. Updated 10 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,107 sqft
- Floor
- 3rd of 4
- Parking
- G-29
- Developer
- Fandah Palace Development
- Completed
- 2019
- Service charge
- AED 17,000 /yr
- Last sold
- AED 1.11M · December 2020
- Building
- Bright Corner
About 303, Bright Corner
303 is a two-bedroom apartment of 1,107 sqft on the 3rd floor of Bright Corner, a 4-storey tower in Meydan City completed in 2019 by Fandah Palace Development. The developer sold it on 6 December 2020 for AED 1,107,000, or AED 1,000 per sqft, in line with the AED 1,002 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 6 Ejari contracts. The current contract, signed on 10 October 2024, is AED 110,000 a year: a gross yield of 9.9% on the 2020 price, before the service charge of about AED 17,000 a year.
Sales and rents for 303 over time
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Bright Corner, and where 303 sits
All 22 2-beds →303 last sold in December 2020 at AED 1,000 per sqft, in line with what two-beds in Bright Corner were fetching at the time (AED 1,002).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Dec 20207 December 2020 | 1,107 sqft | 1,107,070 | 999 | ||
| 6 Dec 20206 December 2020 | 1,247 sqft | 1,247,430 | 1,000 | ||
| 6 Dec 20206 December 2020 | 1,244 sqft | 1,250,000 | 1,004 | ||
| 6 Dec 20206 December 2020 | 1,247 sqft | 1,250,000 | 1,002 |
Bright Corner
Building40 apartments, 1-bed to 2-bed over 4 floors in Meydan City, completed in 2019 by Fandah Palace Development. 1 sold in the last 12 months.
- Typical price per sqft
- AED 1,172
- Typical sale
- AED 465K
- Typical rent
- AED 63K /yr
- Typical yield
- 6.0%
Other units on the 3rd floor
All 40 units in Bright Corner| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 2-bed | 1,247 sqft | No registered sale | 105,000 /yr | |
| 302 | 2-bed | 1,244 sqft | AED 1.5MAED 1,496,400 · Nov 2019November 2019 | 110,000 /yr | |
| 304 | 1-bed | 909 sqft | AED 910KAED 910,000 · Oct 2020October 2020 | 50,000 /yr | |
| 305 | 1-bed | 793 sqft | AED 797KAED 797,390 · Dec 2020December 2020 | 58,000 /yr | |
| 306 | 1-bed | 906 sqft | AED 906KAED 905,780 · Nov 2020November 2020 | 66,000 /yr | |
| 307 | 1-bed | 904 sqft | No registered sale | 75,000 /yr | |
| 308 | 1-bed | 793 sqft | No registered sale | 50,000 /yr | |
| 309 | 1-bed | 909 sqft | AED 909KAED 909,340 · Dec 2020December 2020 | 75,000 /yr | |
| 310 | 2-bed | 1,107 sqft | AED 1.11MAED 1,107,070 · Nov 2020November 2020 | 100,000 /yr | |
| 311 | 2-bed | 1,244 sqft | AED 1.25MAED 1,250,000 · Oct 2020October 2020 | 105,000 /yr | |
| 312 | 2-bed | 1,247 sqft | AED 1.25MAED 1,250,000 · Dec 2020December 2020 | 115,000 /yr |
303, Bright Corner in numbers
- Sold once: by Fandah Palace Development on 6 December 2020 for AED 1,107,000, or AED 1,000 per sqft.
- Rented since February 2020 on 6 Ejari contracts. The rent fell from AED 80,000 to AED 65,000 in 2021 and recovered to AED 110,000 by October 2024.
- At AED 110,000 a year the gross yield on the 2020 price is 9.9%, before a service charge of about AED 17,000 a year (AED 15.33 per sqft).
Source: Dubai Land Department. Updated 10 October 2024.
Questions about 303, Bright Corner
What did unit 303 last sell for?
AED 1,107,000 on 6 December 2020, sold by the developer: AED 1,000 per sqft for 1,107 sqft. It is the only registered sale of the unit.
What is the rent for unit 303?
AED 110,000 a year on the contract signed on 10 October 2024. The previous contract, from October 2023, was AED 75,600; the unit has been rented since February 2020.
How big is unit 303?
1,107 sqft (102.8 sqm): a two-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2019.
What is unit 303 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 303, Bright Corner
Starts from the last sale price (AED 1.11M, 6 December 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,107,000
- Deposit, UAE resident (20%)
- AED 221,400
- Deposit, non-resident (40%)
- AED 442,800
- Monthly over 25 years at 3.7%
- AED 4,529
Plus AED 51,504 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →