2-bed · 1,541 sqftAbbey Crescent 2, Uptown Motorcity · 4th floor

402, Abbey Crescent 2

Sold prices and rental history: sold twice, last in September 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 12 September 2024
Last soldAED 1.4M12 September 2024
Current rentAED 115K /yr24 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Abbey Crescent 2

What is 402 worth today?

Last sold for AED 1,400,000 in 2024

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12 Sep 2024SoldReady
AED 1,400,000AED 908 per sqft
24 Oct 2023RentedNew contract
AED 115,000/yr12 months · AED 75 per sqft
2 Aug 2023RentedNew contract
AED 115,000/yr12 months · AED 75 per sqft
25 Aug 2022RentedNew contract
AED 89,000/yr12 months · AED 58 per sqft
10 Sep 2021RentedNew contract
AED 75,000/yr12 months · AED 49 per sqft
10 Oct 2019RentedRenewal
AED 95,000/yr12 months · AED 62 per sqft
10 Oct 2018RentedRenewal
AED 97,650/yr12 months · AED 63 per sqft
10 Oct 2017RentedRenewal
AED 97,650/yr12 months · AED 63 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 12 September 2024.

Key facts

Type
2-bed apartment
Size
1,541 sqft
Floor
4th of 5
Parking
A79-A91
Service charge
AED 24,100 /yr
Last sold
AED 1.4M · September 2024

About 402, Abbey Crescent 2

402 is a two-bedroom apartment of 1,541 sqft on the 4th floor of Abbey Crescent 2, a 5-storey tower in Uptown Motorcity. It last sold on 12 September 2024 for AED 1,400,000, or AED 908 per sqft, 4% above the AED 876 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 24 October 2023, is AED 115,000 a year: a gross yield of 8.2% on the 2024 price, before the service charge of about AED 24,100 a year.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical two-bed in Abbey Crescent 2
1.2M1.4M2013201720212025Typical sale price by year: 2013 AED 1,150,480; 2021 AED 1,249,532; 2023 AED 1,285,000Sold by developer, December 2013: AED 1,150,480 (AED 746 per sqft)Sold, September 2024: AED 1,400,000 (AED 908 per sqft)

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

Rents
Unit 402, each contractTypical two-bed in Abbey Crescent 2
80K100K120K2013201620192022Typical rent by year: 2013 AED 95,000; 2014 AED 95,000; 2015 AED 99,750; 2016 AED 99,750; 2017 AED 102,500; 2018 AED 98,700; 2019 AED 90,000; 2020 AED 79,600; 2021 AED 73,477; 2022 AED 79,600; 2023 AED 115,000New contract, October 2013: AED 93,000 a yearNew contract, October 2014: AED 93,000 a yearNew contract, October 2015: AED 97,650 a yearRenewal, October 2016: AED 97,650 a yearRenewal, October 2017: AED 97,650 a yearRenewal, October 2018: AED 97,650 a yearRenewal, October 2019: AED 95,000 a yearNew contract, September 2021: AED 75,000 a yearNew contract, August 2022: AED 89,000 a yearNew contract, August 2023: AED 115,000 a yearNew contract, October 2023: AED 115,000 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 Abbey Crescent 2, and where 402 sits

All 13 2-beds →

402 last sold in September 2024 at AED 908 per sqft, 4% above what two-beds in Abbey Crescent 2 were fetching at the time (AED 876). Over the last 12 months two-beds sold for AED 1,730,000, around AED 1,053 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Jan 20261,730,000
8 May 20241,350,000
25 Oct 20231,270,000
12 Sep 20231,400,000
1 2-bed sale in the last 12 months

Abbey Crescent 2

Building

30 apartments, 2-bed to 3-bed over 5 floors in Uptown Motorcity. 1 sold in the last 12 months.

Typical price per sqft
AED 1,053
Typical sale
AED 1.73M
Typical rent
Few contracts
Typical yield
Abbey Crescent 2, Uptown Motorcity: prices, sales and rents →

Other units on the 4th floor

All 30 units in Abbey Crescent 2
Value
4013-bedAED 1.79M · May 2021
4032-bedAED 1.35M · May 2024
4043-bedAED 1.71M · May 2021
4053-bedAED 1.65M · May 2021

402, Abbey Crescent 2 in numbers

  • Sold twice: first on 9 December 2013 for AED 1,150,480, last on 12 September 2024 for AED 1,400,000 (AED 908 per sqft).
  • Rented since October 2013 on 11 Ejari contracts. The rent fell from AED 93,000 to AED 75,000 in 2021 and recovered to AED 115,000 by October 2023.
  • At AED 115,000 a year the gross yield on the 2024 price is 8.2%, before a service charge of about AED 24,100 a year (AED 15.61 per sqft).
  • Two-beds in Abbey Crescent 2 sold for AED 1,730,000–1,730,000 in the 12 months to November 2026; the building's median across all types is AED 1,053 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 12 September 2024.

Questions about 402, Abbey Crescent 2

What did unit 402 last sell for?

AED 1,400,000 on 12 September 2024: AED 908 per sqft for 1,541 sqft. The unit has 2 registered sales; the first was AED 1,150,480 in December 2013.

What is the rent for unit 402?

AED 115,000 a year on the contract signed on 24 October 2023. The previous contract, from August 2023, was AED 115,000; the unit has been rented since October 2013.

How big is unit 402?

1,541 sqft (143.2 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower.

What is unit 402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Abbey Crescent 2 sold for AED 1,730,000 to 1,730,000 in the last 12 months, around AED 1,053 per sqft.

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Mortgage on 402, Abbey Crescent 2

Starts from the last sale price (AED 1.4M, 12 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

Plus AED 63,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →