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2-bed · 1,234 sqftKamoon 1, The Old Town · 3rd floor · completed 2006

311, Kamoon 1

Sold prices and rental history: sold twice, last in November 2009, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 1.6M22 November 2009
Current rentAED 140K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 311, Kamoon 1

What is 311 worth today?

Last sold for AED 1,600,000 in 2009

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1 Oct 2024RentedRenewal
AED 140,000/yr12 months · AED 113 per sqft
1 Oct 2023RentedNew contract
AED 140,000/yr12 months · AED 113 per sqft
1 Sep 2022RentedNew contract
AED 137,000/yr12 months · AED 111 per sqft
20 Aug 2017RentedRenewal
AED 155,000/yr12 months · AED 125 per sqft
20 Aug 2016RentedNew contract
AED 155,000/yr12 months · AED 125 per sqft
22 Nov 2009Sold by developerReady
AED 1,600,000AED 1,296 per sqft
22 Nov 2009SoldReady
AED 1,618,888AED 1,311 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
2-bed apartment
Size
1,234 sqft
Floor
3rd of 4
Parking
B-3036
Developer
Emaar
Completed
2006
Service charge
AED 24,300 /yr
Last sold
AED 1.6M · November 2009
Building
Kamoon 1

About 311, Kamoon 1

311 is a two-bedroom apartment of 1,234 sqft on the 3rd floor of Kamoon 1, a 4-storey tower in The Old Town completed in 2006 by Emaar. The developer sold it on 22 November 2009 for AED 1,600,000, or AED 1,296 per sqft, 9% below the AED 1,418 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 140,000 a year: a gross yield of 8.8% on the 2009 price, before the service charge of about AED 24,300 a year.

Sales and rents for 311 over time

Sales
Unit 311, each saleTypical two-bed in Kamoon 1
2M3M2009201320172021Typical sale price by year: 2009 AED 1,681,888; 2010 AED 1,875,888; 2011 AED 1,829,388; 2012 AED 1,777,500; 2014 AED 3,175,000; 2019 AED 1,600,000; 2020 AED 1,600,000; 2021 AED 2,010,000Sold by developer, November 2009: AED 1,600,000 (AED 1,296 per sqft)Sold, November 2009: AED 1,618,888 (AED 1,311 per sqft)

311 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 311, each contractTypical two-bed in Kamoon 1
100K150K2012201620202024Typical rent by year: 2012 AED 120,750; 2013 AED 130,000; 2014 AED 157,500; 2015 AED 150,000; 2016 AED 152,500; 2017 AED 150,000; 2018 AED 145,000; 2019 AED 130,000; 2020 AED 115,000; 2021 AED 105,000; 2022 AED 130,000; 2023 AED 140,000; 2024 AED 161,375; 2025 AED 164,000New contract, August 2016: AED 155,000 a yearRenewal, August 2017: AED 155,000 a yearNew contract, September 2022: AED 137,000 a yearNew contract, October 2023: AED 140,000 a yearRenewal, October 2024: AED 140,000 a year

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

2-beds in Kamoon 1, and where 311 sits

All 23 2-beds →

311 last sold in November 2009 at AED 1,296 per sqft, 9% below what two-beds in Kamoon 1 were fetching at the time (AED 1,418).

Recent 2-bed salesUnit no.Price (AED)Summary
7 Aug 20243,300,000
14 Jun 20242,725,000
6 Mar 20232,390,000
17 Nov 20222,000,000
0 2-bed sales in the last 12 months

Kamoon 1

Building

68 apartments, 1-bed to 2-bed over 4 floors in The Old Town, completed in 2006 by Emaar. 3 sold in the last 12 months.

Typical price per sqft
AED 2,471
Typical sale
AED 2.37M
Typical rent
AED 125K /yr
Typical yield
5.1%
Kamoon 1, The Old Town: prices, sales and rents →

Other units on the 3rd floor

All 68 units in Kamoon 1
Value
3012-bedAED 1.65M · Nov 2019
3021-bedAED 1.48M · Nov 2022
3042-bedAED 1.76M · Sep 2012
3051-bedAED 1.8M · Nov 2015
3061-bedAED 1.5M · Feb 2011
3072-bedAED 1.77M · Jun 2011
3102-bedAED 1.6M · Feb 2019
1–7 of 14

311, Kamoon 1 in numbers

  • Sold twice: first on 22 November 2009 for AED 1,618,888, last on 22 November 2009 for AED 1,600,000 (AED 1,296 per sqft).
  • Rented since August 2016 on 5 Ejari contracts, from AED 155,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2009 price is 8.8%, before a service charge of about AED 24,300 a year (AED 19.67 per sqft).

Source: Dubai Land Department. Updated 1 October 2024.

Questions about 311, Kamoon 1

What did unit 311 last sell for?

AED 1,600,000 on 22 November 2009, sold by the developer: AED 1,296 per sqft for 1,234 sqft. The unit has 2 registered sales; the first was AED 1,618,888 in November 2009.

What is the rent for unit 311?

AED 140,000 a year on the contract renewed on 1 October 2024. The previous contract, from October 2023, was AED 140,000; the unit has been rented since August 2016.

How big is unit 311?

1,234 sqft (114.6 sqm): a two-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2006.

What is unit 311 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 311, Kamoon 1

Starts from the last sale price (AED 1.6M, 22 November 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →