1-bed · 741 sqftFlamingo Residence, Meydan City · 3rd floor

303, Flamingo Residence

Sold prices and rental history: sold once, by the developer in June 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303 · DLD and Ejari recordsUpdated 10 September 2024
Last soldAED 767K16 June 2022
Current rentAED 66K /yr10 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 303, Flamingo Residence

What is 303 worth today?

Last sold for AED 767,350 in 2022

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10 Sep 2024RentedRenewal
AED 66,000/yr12 months · AED 90 per sqft
10 Sep 2024RentedRenewal
AED 66,000/yr12 months · AED 90 per sqft
10 Sep 2024RentedRenewal
AED 66,000/yr12 months · AED 89 per sqft
10 Sep 2023RentedRenewal
AED 60,000/yr12 months · AED 81 per sqft
10 Sep 2022RentedNew contract
AED 60,000/yr12 months · AED 81 per sqft
16 Jun 2022Sold by developerReady
AED 767,350AED 1,035 per sqft

Source: Dubai Land Department. Updated 10 September 2024.

Key facts

Type
1-bed apartment
Size
741 sqft
Floor
3rd of 4
Parking
B-17
Last sold
AED 767K · June 2022

About 303, Flamingo Residence

303 is a one-bedroom apartment of 741 sqft on the 3rd floor of Flamingo Residence, a 4-storey tower in Meydan City. The developer sold it on 16 June 2022 for AED 767,350, or AED 1,035 per sqft, in line with the AED 1,035 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 10 September 2024, is AED 66,000 a year: a gross yield of 8.6% on the 2022 price.

Sales and rents for 303 over time

Rents
Unit 303, each contractTypical one-bed in Flamingo Residence
60K20222023202420252026Typical rent by year: 2022 AED 55,000; 2023 AED 60,000; 2024 AED 66,000; 2025 AED 66,150New contract, September 2022: AED 60,000 a yearRenewal, September 2023: AED 60,000 a yearRenewal, September 2024: AED 66,000 a yearRenewal, September 2024: AED 66,000 a yearRenewal, September 2024: AED 66,000 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 Flamingo Residence, and where 303 sits

All 28 1-beds →

303 last sold in June 2022 at AED 1,035 per sqft, in line with what one-beds in Flamingo Residence were fetching at the time (AED 1,035). 303's AED 66,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Jun 2022584,010
16 Jun 2022828,120
16 Jun 2022730,270
16 Jun 2022745,720
0 1-bed sales in the last 12 months

Flamingo Residence

Building

43 apartments, 1-bed to 2-bed over 4 floors in Meydan City. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 74K /yr
Typical yield
Flamingo Residence, Meydan City: prices, sales and rents →

Other units on the 3rd floor

All 43 units in Flamingo Residence
Value
3011-bedAED 637K · Jun 2022
3021-bedAED 639K · Jun 2022
3041-bedAED 746K · Jun 2022
3051-bedAED 828K · Jun 2022
3061-bedAED 742K · Jun 2022
3071-bedAED 853K · Jun 2022
3081-bedAED 584K · Jun 2022
1–7 of 11

303, Flamingo Residence in numbers

  • Sold once: by the developer on 16 June 2022 for AED 767,350, or AED 1,035 per sqft.
  • Rented since September 2022 on 5 Ejari contracts, from AED 60,000 to AED 66,000 a year.
  • At AED 66,000 a year the gross yield on the 2022 price is 8.6%.

Source: Dubai Land Department. Updated 10 September 2024.

Questions about 303, Flamingo Residence

What did unit 303 last sell for?

AED 767,350 on 16 June 2022, sold by the developer: AED 1,035 per sqft for 741 sqft. It is the only registered sale of the unit.

What is the rent for unit 303?

AED 66,000 a year on the contract renewed on 10 September 2024. The previous contract, from September 2024, was AED 66,000; the unit has been rented since September 2022.

How big is unit 303?

741 sqft (68.8 sqm): a one-bedroom apartment on the 3rd floor of a 4-storey tower.

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, Flamingo Residence

Starts from the last sale price (AED 767K, 16 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 767,350
Deposit, UAE resident (20%)
AED 153,470
Deposit, non-resident (40%)
AED 306,940
Monthly over 25 years at 3.7%
AED 3,139

Plus AED 37,239 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →