2-bed · 913 sqftRawda Apartments 1, Town Square · 14th floor · completed 2020

1404, Rawda Apartments 1

Sold prices and rental history: sold once, by the developer in May 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1404 · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 1.17M24 May 2021
Current rentAED 85K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1404, Rawda Apartments 1

What is 1404 worth today?

Last sold for AED 1,173,888 in 2021

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1 Sep 2024RentedNew contract
AED 85,000/yr12 months · AED 93 per sqft
1 Aug 2023RentedRenewal
AED 58,000/yr12 months · AED 63 per sqft
1 Aug 2022RentedRenewal
AED 54,600/yr12 months · AED 60 per sqft
1 Aug 2021RentedNew contract
AED 52,000/yr12 months · AED 57 per sqft
24 May 2021Sold by developerReady
AED 1,173,888AED 1,285 per sqft

Source: Dubai Land Department. Updated 1 September 2024.

Key facts

Type
2-bed apartment
Size
913 sqft
Floor
14th of 14
Parking
B-124
Developer
Nshama Properties
Completed
2020
Service charge
AED 14,900 /yr
Last sold
AED 1.17M · May 2021

About 1404, Rawda Apartments 1

1404 is a two-bedroom apartment of 913 sqft on the 14th floor of Rawda Apartments 1, a 14-storey tower in Town Square completed in 2020 by Nshama Properties. The developer sold it on 24 May 2021 for AED 1,173,888, or AED 1,285 per sqft, 5% above the AED 1,226 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 1 September 2024, is AED 85,000 a year: a gross yield of 7.2% on the 2021 price, before the service charge of about AED 14,900 a year.

Sales and rents for 1404 over time

Sales
Unit 1404, each saleTypical two-bed in Rawda Apartments 1
1M1.2M2017202020232026Typical sale price by year: 2017 AED 969,888; 2018 AED 979,888; 2019 AED 1,054,888; 2020 AED 1,138,888; 2021 AED 1,125,888; 2023 AED 930,000; 2024 AED 1,100,000; 2025 AED 1,275,000Sold by developer, May 2021: AED 1,173,888 (AED 1,285 per sqft)

1404 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1404, each contractTypical two-bed in Rawda Apartments 1
50K75K2020202220242026Typical rent by year: 2020 AED 45,000; 2021 AED 48,000; 2022 AED 54,800; 2023 AED 65,000; 2024 AED 75,000; 2025 AED 85,000; 2026 AED 90,000New contract, August 2021: AED 52,000 a yearRenewal, August 2022: AED 54,600 a yearRenewal, August 2023: AED 58,000 a yearNew contract, September 2024: AED 85,000 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 Rawda Apartments 1, and where 1404 sits

All 132 2-beds →

1404 last sold in May 2021 at AED 1,285 per sqft, 5% above what two-beds in Rawda Apartments 1 were fetching at the time (AED 1,226). Over the last 12 months two-beds sold for AED 1,186,111 to 1,500,000, around AED 1,382 per sqft, and rent for AED 64,680 to 107,500 a year. 1404's AED 85,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Feb 20261,500,000
15 Dec 20251,225,000
8 Dec 20251,186,111
12 Jun 20251,275,000
4 2-bed sales in the last 12 months

Rawda Apartments 1

Building

248 apartments, 1-bed to 3-bed over 14 floors in Town Square, completed in 2020 by Nshama Properties. 7 sold in the last 12 months.

Typical price per sqft
AED 1,413
Typical sale
AED 1.23M
Typical rent
AED 90K /yr
Typical yield
6.9%
Rawda Apartments 1, Town Square: prices, sales and rents →

Other units on the 14th floor

All 248 units in Rawda Apartments 1
Value
14012-bedAED 1.08M · Jun 2021
1402AED 2.2M · Aug 2025
14033-bedAED 1.63M · Nov 2021
14052-bedAED 985K · Feb 2024
14062-bedAED 1.18M · Jan 2021
14072-bedAED 1.19M · May 2021
14081-bedAED 823K · May 2021
1–7 of 15

1404, Rawda Apartments 1 in numbers

  • Sold once: by Nshama Properties on 24 May 2021 for AED 1,173,888, or AED 1,285 per sqft.
  • Rented since August 2021 on 4 Ejari contracts, from AED 52,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2021 price is 7.2%, before a service charge of about AED 14,900 a year (AED 16.27 per sqft).
  • Two-beds in Rawda Apartments 1 sold for AED 1,186,111–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,413 per sqft.

Source: Dubai Land Department. Updated 1 September 2024.

Questions about 1404, Rawda Apartments 1

What did unit 1404 last sell for?

AED 1,173,888 on 24 May 2021, sold by the developer: AED 1,285 per sqft for 913 sqft. It is the only registered sale of the unit.

What is the rent for unit 1404?

AED 85,000 a year on the contract signed on 1 September 2024. The previous contract, from August 2023, was AED 58,000; the unit has been rented since August 2021.

How big is unit 1404?

913 sqft (84.8 sqm): a two-bedroom apartment on the 14th floor of a 14-storey tower completed in 2020.

What is unit 1404 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Rawda Apartments 1 sold for AED 1,186,111 to 1,500,000 in the last 12 months, around AED 1,382 per sqft.

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Mortgage on 1404, Rawda Apartments 1

Starts from the last sale price (AED 1.17M, 24 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,173,888
Deposit, UAE resident (20%)
AED 234,778
Deposit, non-resident (40%)
AED 469,555
Monthly over 25 years at 3.7%
AED 4,803

Plus AED 54,314 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →