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1-bed · 690 sqftEast 40, Al Furjan · 4th floor · completed 2019

407, East 40

Sold prices and rental history: sold once, by the developer in June 2022, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 17 June 2023
Last soldAED 683K8 June 2022
Current rentAED 53K /yr17 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, East 40

What is 407 worth today?

Last sold for AED 683,199 in 2022

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17 Jun 2023RentedRenewal
AED 52,500/yr12 months · AED 76 per sqft
17 Jun 2022RentedNew contract
AED 50,000/yr12 months · AED 73 per sqft
8 Jun 2022Sold by developerReady
AED 683,199AED 990 per sqft
5 Mar 2021RentedNew contract
AED 47,000/yr13 months · AED 68 per sqft
27 Jun 2020RentedNew contract
AED 46,000/yr12 months · AED 67 per sqft

Source: Dubai Land Department. Updated 17 June 2023.

Key facts

Type
1-bed apartment
Size
690 sqft
Floor
4th of 12
Parking
P1-47
Developer
Townx Real Estate Development
Completed
2019
Service charge
AED 10,100 /yr
Last sold
AED 683K · June 2022
Building
East 40

About 407, East 40

407 is a one-bedroom apartment of 690 sqft on the 4th floor of East 40, a 12-storey tower in Al Furjan completed in 2019 by Townx Real Estate Development . The developer sold it on 8 June 2022 for AED 683,199, or AED 990 per sqft, 18% above the AED 840 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 17 June 2023, is AED 52,500 a year: a gross yield of 7.7% on the 2022 price, before the service charge of about AED 10,100 a year.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical one-bed in East 40
600K800K1M2021202320252027Typical sale price by year: 2021 AED 660,000; 2022 AED 675,262; 2023 AED 827,500; 2024 AED 785,000; 2025 AED 949,500; 2026 AED 1,073,500Sold by developer, June 2022: AED 683,199 (AED 990 per sqft)

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

Rents
Unit 407, each contractTypical one-bed in East 40
60K2020202220242026Typical rent by year: 2020 AED 48,000; 2021 AED 48,000; 2022 AED 50,000; 2023 AED 60,000; 2024 AED 68,000; 2025 AED 70,000; 2026 AED 69,750New contract, June 2020: AED 46,000 a yearNew contract, March 2021: AED 47,000 a yearNew contract, June 2022: AED 50,000 a yearRenewal, June 2023: AED 52,500 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 East 40, and where 407 sits

All 112 1-beds →

407 last sold in June 2022 at AED 990 per sqft, 18% above what one-beds in East 40 were fetching at the time (AED 840). Over the last 12 months one-beds sold for AED 900,000 to 1,275,000, around AED 1,289 per sqft, and rent for AED 49,335 to 160,000 a year. 407's AED 52,500 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
28 Oct 2026930,000
14 Oct 20261,080,000
16 Sep 20261,175,000
27 Mar 20261,067,000
9 1-bed sales in the last 12 months

East 40

Building

112 apartments, 1-bed over 12 floors in Al Furjan, completed in 2019 by Townx Real Estate Development . 9 sold in the last 12 months.

Typical price per sqft
AED 1,289
Typical sale
AED 1.08M
Typical rent
AED 70K /yr
Typical yield
6.6%
East 40, Al Furjan: prices, sales and rents →

Other units on the 4th floor

All 112 units in East 40
Value
4011-bedAED 831K · Nov 2022
4021-bedAED 609K · Jul 2022
4031-bedAED 830K · May 2022
4041-bedAED 550K · May 2022
4051-bedAED 545K · Jul 2022
4061-bedAED 874K · Nov 2022
4081-bedAED 902K · Nov 2022
1–7 of 9

407, East 40 in numbers

  • Sold once: by Townx Real Estate Development on 8 June 2022 for AED 683,199, or AED 990 per sqft.
  • Rented since June 2020 on 4 Ejari contracts, from AED 46,000 to AED 52,500 a year.
  • At AED 52,500 a year the gross yield on the 2022 price is 7.7%, before a service charge of about AED 10,100 a year (AED 14.58 per sqft).
  • One-beds in East 40 sold for AED 900,000–1,275,000 in the 12 months to November 2026; the building's median across all types is AED 1,289 per sqft.

Source: Dubai Land Department. Updated 17 June 2023.

Questions about 407, East 40

What did unit 407 last sell for?

AED 683,199 on 8 June 2022, sold by the developer: AED 990 per sqft for 690 sqft. It is the only registered sale of the unit.

What is the rent for unit 407?

AED 52,500 a year on the contract renewed on 17 June 2023. The previous contract, from June 2022, was AED 50,000; the unit has been rented since June 2020.

How big is unit 407?

690 sqft (64.1 sqm): a one-bedroom apartment on the 4th floor of a 12-storey tower completed in 2019.

What is unit 407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in East 40 sold for AED 900,000 to 1,275,000 in the last 12 months, around AED 1,289 per sqft.

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Mortgage on 407, East 40

Starts from the last sale price (AED 683K, 8 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 683,199
Deposit, UAE resident (20%)
AED 136,640
Deposit, non-resident (40%)
AED 273,280
Monthly over 25 years at 3.7%
AED 2,795

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