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2-bed · 1,961 sqftShakespeare Circus 3, Uptown Motorcity · 4th floor

407, Shakespeare Circus 3

Sold prices and rental history: sold 3 times, last in December 2023, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 20 December 2023
Last soldAED 1.3M20 December 2023
Current rentAED 85K /yr1 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 407, Shakespeare Circus 3

What is 407 worth today?

Last sold for AED 1,300,000 in 2023

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20 Dec 2023SoldReady
AED 1,300,000AED 662 per sqft
1 Jun 2020RentedRenewal
AED 85,000/yr12 months · AED 43 per sqft
1 Jun 2019RentedRenewal
AED 85,000/yr12 months · AED 43 per sqft
1 Jun 2017RentedNew contract
AED 85,000/yr12 months · AED 43 per sqft
20 Apr 2016SoldReady
AED 1,402,115AED 715 per sqft
26 Sep 2013Sold by developerReady
AED 1,176,600AED 600 per sqft
15 Apr 2011RentedNew contract
AED 75,000/yr12 months · AED 38 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 December 2023.

Key facts

Type
2-bed apartment
Size
1,961 sqft
Floor
4th of 5
Parking
169-358
Service charge
AED 22,800 /yr
Last sold
AED 1.3M · December 2023
Building
Shakespeare Circus 3

About 407, Shakespeare Circus 3

407 is a two-bedroom apartment of 1,961 sqft on the 4th floor of Shakespeare Circus 3, a 5-storey tower in Uptown Motorcity. It last sold on 20 December 2023 for AED 1,300,000, or AED 662 per sqft, 12% below the AED 754 two-beds in the building were fetching at the time.

It has been rented continuously since 2011 on 4 Ejari contracts. The current contract, renewed on 1 June 2020, is AED 85,000 a year: a gross yield of 6.5% on the 2023 price, before the service charge of about AED 22,800 a year.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical two-bed in Shakespeare Circus 3
1M1.5M2011201520192023Typical sale price by year: 2011 AED 716,929; 2013 AED 1,016,400; 2014 AED 1,636,600; 2015 AED 1,350,000; 2016 AED 1,367,500; 2018 AED 1,300,000; 2020 AED 750,000; 2021 AED 850,000; 2023 AED 1,240,000; 2024 AED 1,350,000; 2025 AED 1,612,500Sold by developer, September 2013: AED 1,176,600 (AED 600 per sqft)Sold, April 2016: AED 1,402,115 (AED 715 per sqft)Sold, December 2023: AED 1,300,000 (AED 662 per sqft)

407 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 407, each contractTypical two-bed in Shakespeare Circus 3
75K100K125K2011201520192023Typical rent by year: 2011 AED 75,000; 2012 AED 75,000; 2013 AED 80,000; 2014 AED 89,250; 2015 AED 107,500; 2016 AED 120,000; 2017 AED 110,000; 2018 AED 98,000; 2019 AED 83,000; 2020 AED 68,000; 2021 AED 69,000; 2022 AED 78,500; 2023 AED 88,603; 2024 AED 115,000; 2025 AED 117,500New contract, April 2011: AED 75,000 a yearNew contract, June 2017: AED 85,000 a yearRenewal, June 2019: AED 85,000 a yearRenewal, June 2020: 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 Shakespeare Circus 3, and where 407 sits

All 52 2-beds →

407 last sold in December 2023 at AED 662 per sqft, 12% below what two-beds in Shakespeare Circus 3 were fetching at the time (AED 754). 407's AED 85,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Jun 20251,725,000
9 May 20251,500,000
27 Feb 20251,725,000
14 Jan 20251,400,000
0 2-bed sales in the last 12 months

Shakespeare Circus 3

Building

72 apartments, 2-bed to 3-bed over 5 floors in Uptown Motorcity. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 135K /yr
Typical yield
Shakespeare Circus 3, Uptown Motorcity: prices, sales and rents →

Other units on the 4th floor

All 72 units in Shakespeare Circus 3
Value
4012-bedAED 540K · Jun 2013
4023-bedAED 1.4M · Jul 2023
4032-bedAED 1.53M · May 2014
4042-bedAED 1.26M · Nov 2023
4053-bedAED 1.7M · Aug 2023
4062-bedAED 1.04M · Aug 2013
4082-bedAED 920K · May 2022
1–7 of 11

407, Shakespeare Circus 3 in numbers

  • Sold 3 times: first on 26 September 2013 for AED 1,176,600, last on 20 December 2023 for AED 1,300,000 (AED 662 per sqft).
  • Rented since April 2011 on 4 Ejari contracts, from AED 75,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2023 price is 6.5%, before a service charge of about AED 22,800 a year (AED 11.65 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 20 December 2023.

Questions about 407, Shakespeare Circus 3

What did unit 407 last sell for?

AED 1,300,000 on 20 December 2023: AED 662 per sqft for 1,961 sqft. The unit has 3 registered sales; the first was AED 1,176,600 in September 2013.

What is the rent for unit 407?

AED 85,000 a year on the contract renewed on 1 June 2020. The previous contract, from June 2019, was AED 85,000; the unit has been rented since April 2011.

How big is unit 407?

1,961 sqft (182.2 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower.

What is unit 407 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 407, Shakespeare Circus 3

Starts from the last sale price (AED 1.3M, 20 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

Plus AED 59,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →