2-bed · 1,034 sqftBinghatti Gateway, Al Jadaf · 3rd floor · completed 2021

302, Binghatti Gateway

Sold prices and rental history: sold twice, last in November 2021, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 10 July 2022
Last soldAED 850K8 November 2021
Current rentAED 55K /yr10 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Binghatti Gateway

What is 302 worth today?

Last sold for AED 850,000 in 2021

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10 Jul 2022RentedNew contract
AED 55,000/yr12 months · AED 53 per sqft
10 Mar 2022RentedNew contract
AED 60,000/yr12 months · AED 58 per sqft
8 Nov 2021SoldReady
AED 850,000AED 822 per sqft
27 Feb 2020Sold by developerOff-plan
AED 850,000AED 822 per sqft

Source: Dubai Land Department. Updated 10 July 2022.

Key facts

Type
2-bed apartment
Size
1,034 sqft
Floor
3rd of 14
Parking
G-81
Developer
Binghatti
Completed
2021
Service charge
AED 21,200 /yr
Last sold
AED 850K · November 2021

About 302, Binghatti Gateway

302 is a two-bedroom apartment of 1,034 sqft on the 3rd floor of Binghatti Gateway, a 14-storey tower in Al Jadaf completed in 2021 by Binghatti. It last sold on 8 November 2021 for AED 850,000, or AED 822 per sqft, 11% above the AED 741 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 10 July 2022, is AED 55,000 a year: a gross yield of 6.5% on the 2021 price, before the service charge of about AED 21,200 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical two-bed in Binghatti Gateway
750K1M1.25M2019202120232025Typical sale price by year: 2019 AED 841,932; 2020 AED 820,000; 2021 AED 807,500; 2022 AED 915,000; 2023 AED 1,000,000; 2024 AED 1,300,000Sold by developer, February 2020: AED 850,000 (AED 822 per sqft)Sold, November 2021: AED 850,000 (AED 822 per sqft)

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

Rents
Unit 302, each contractTypical two-bed in Binghatti Gateway
60K80K2021202320252027Typical rent by year: 2021 AED 58,000; 2022 AED 70,000; 2023 AED 79,000; 2024 AED 89,000; 2025 AED 90,000; 2026 AED 82,000New contract, March 2022: AED 60,000 a yearNew contract, July 2022: AED 55,000 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 Binghatti Gateway, and where 302 sits

All 42 2-beds →

302 last sold in November 2021 at AED 822 per sqft, 11% above what two-beds in Binghatti Gateway were fetching at the time (AED 741). Over the last 12 months two-beds sold for AED 1,300,000, around AED 1,257 per sqft, and rent for AED 73,500 to 100,000 a year. 302's AED 55,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Feb 20261,300,000
20 Jun 20251,340,000
23 Dec 20241,300,000
8 Nov 20241,210,000
1 2-bed sale in the last 12 months

Binghatti Gateway

Building

181 apartments, 1-bed to 2-bed over 14 floors in Al Jadaf, completed in 2021 by Binghatti. 10 sold in the last 12 months.

Typical price per sqft
AED 1,205 Up 7.8%
Typical sale
AED 900K
Typical rent
AED 68K /yr
Typical yield
6.8%
Binghatti Gateway, Al Jadaf: prices, sales and rents →

Other units on the 3rd floor

All 181 units in Binghatti Gateway
Value
3011-bedAED 695K · Jan 2020
3031-bedAED 642K · Feb 2021
3041-bedAED 610K · Jun 2021
3051-bedAED 780K · Feb 2024
3061-bedAED 640K · Dec 2019
3071-bedAED 640K · Dec 2019
3081-bedAED 600K · Feb 2021
1–7 of 12

302, Binghatti Gateway in numbers

  • Sold twice: first on 27 February 2020 for AED 850,000, last on 8 November 2021 for AED 850,000 (AED 822 per sqft).
  • Rented since March 2022 on 2 Ejari contracts, from AED 60,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2021 price is 6.5%, before a service charge of about AED 21,200 a year (AED 20.49 per sqft).
  • Two-beds in Binghatti Gateway sold for AED 1,300,000–1,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,205 per sqft.

Source: Dubai Land Department. Updated 10 July 2022.

Questions about 302, Binghatti Gateway

What did unit 302 last sell for?

AED 850,000 on 8 November 2021: AED 822 per sqft for 1,034 sqft. The unit has 2 registered sales; the first was AED 850,000 in February 2020.

What is the rent for unit 302?

AED 55,000 a year on the contract signed on 10 July 2022. The previous contract, from March 2022, was AED 60,000.

How big is unit 302?

1,034 sqft (96.1 sqm): a two-bedroom apartment on the 3rd floor of a 14-storey tower completed in 2021.

What is unit 302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Binghatti Gateway sold for AED 1,300,000 to 1,300,000 in the last 12 months, around AED 1,257 per sqft.

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Mortgage on 302, Binghatti Gateway

Starts from the last sale price (AED 850K, 8 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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