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1-bed · 793 sqftBright Corner, Meydan City · 3rd floor · completed 2019

308, Bright Corner

Sold prices and rental history: no registered sale, and rented once, from February 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 1 February 2020
Current rentAED 50K /yr1 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308, Bright Corner

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1 Feb 2020RentedNew contract · flagged as an outlier
AED 50,000/yr12 months · AED 63 per sqft

Source: Dubai Land Department. Updated 1 February 2020.

Key facts

Type
1-bed apartment
Size
793 sqft
Floor
3rd of 4
Parking
G-30
Developer
Fandah Palace Development
Completed
2019
Service charge
AED 12,200 /yr
Last sold
No registered sale
Building
Bright Corner

About 308, Bright Corner

308 is a one-bedroom apartment of 793 sqft on the 3rd floor of Bright Corner, a 4-storey tower in Meydan City completed in 2019 by Fandah Palace Development. No sale of the unit is registered with the Dubai Land Department.

One Ejari contract is registered, from 1 February 2020. The current contract, signed on 1 February 2020, is AED 50,000 a year, before the service charge of about AED 12,200 a year.

Sales and rents for 308 over time

Rents
Unit 308, each contractTypical one-bed in Bright Corner
60K70K2020202220242026Typical rent by year: 2020 AED 60,000; 2024 AED 59,000; 2025 AED 75,000

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

1-beds in Bright Corner, and where 308 sits

All 17 1-beds →

Over the last 12 months one-beds sold for AED 465,000, around AED 1,172 per sqft, and rent for AED 63,250 to 63,250 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Dec 2020797,390
6 Dec 2020797,390
6 Dec 2020909,340
6 Dec 2020905,780
1 1-bed sale in the last 12 months

Bright Corner

Building

40 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%
Bright Corner, Meydan City: prices, sales and rents →

Other units on the 3rd floor

All 40 units in Bright Corner
Value
3012-bedNo registered sale
3022-bedAED 1.5M · Nov 2019
3032-bedAED 1.11M · Dec 2020
3041-bedAED 910K · Oct 2020
3051-bedAED 797K · Dec 2020
3061-bedAED 906K · Nov 2020
3071-bedNo registered sale
1–7 of 11

308, Bright Corner in numbers

  • No sale of the unit is registered with the Dubai Land Department.
  • Rented since February 2020 on one Ejari contract, at AED 50,000 a year.
  • One-beds in Bright Corner sold for AED 465,000–465,000 in the 12 months to November 2026; the building's median across all types is AED 1,172 per sqft.

Source: Dubai Land Department. Updated 1 February 2020.

Questions about 308, Bright Corner

What is the rent for unit 308?

AED 50,000 a year on the contract signed on 1 February 2020.

How big is unit 308?

793 sqft (73.7 sqm): a one-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2019.

What is unit 308 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Bright Corner sold for AED 465,000 to 465,000 in the last 12 months, around AED 1,172 per sqft.

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