2-bed · 1,540 sqft1 Residences by Wasl Tower 2, Al Kifaf · 15th floor · completed 2022

1508, 1 Residences by Wasl Tower 2

Sold prices and rental history: sold once, by the developer in February 2023, and rented once, from February 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1508 · DLD and Ejari recordsUpdated 15 February 2023
Last soldAED 2.79M2 February 2023
Current rentAED 130K /yr15 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1508, 1 Residences by Wasl Tower 2

What is 1508 worth today?

Last sold for AED 2,793,816 in 2023

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15 Feb 2023RentedNew contract
AED 130,000/yr12 months · AED 84 per sqft
2 Feb 2023Sold by developerReady
AED 2,793,816AED 1,813 per sqft

Source: Dubai Land Department. Updated 15 February 2023.

Key facts

Type
2-bed apartment
Size
1,540 sqft
Floor
15th of 42
Parking
B2-16
Developer
Wasl
Completed
2022
Last sold
AED 2.79M · February 2023

About 1508, 1 Residences by Wasl Tower 2

1508 is a two-bedroom apartment of 1,540 sqft on the 15th floor of 1 Residences by Wasl Tower 2, a 42-storey tower in Al Kifaf completed in 2022 by Wasl. The developer sold it on 2 February 2023 for AED 2,793,816, or AED 1,813 per sqft, 7% above the AED 1,698 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 February 2023. The current contract, signed on 15 February 2023, is AED 130,000 a year: a gross yield of 4.7% on the 2023 price.

Sales and rents for 1508 over time

Sales
Unit 1508, each saleTypical two-bed in 1 Residences by Wasl Tower 2
2.6M2.8M20232024202520262027Typical sale price by year: 2023 AED 2,586,449; 2024 AED 2,850,000; 2025 AED 2,900,000; 2026 AED 2,725,000Sold by developer, February 2023: AED 2,793,816 (AED 1,813 per sqft)

1508 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1508, each contractTypical two-bed in 1 Residences by Wasl Tower 2
140K20232024202520262027Typical rent by year: 2023 AED 145,000; 2024 AED 150,000; 2025 AED 155,000; 2026 AED 150,000New contract, February 2023: AED 130,000 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 1 Residences by Wasl Tower 2, and where 1508 sits

All 196 2-beds →

1508 last sold in February 2023 at AED 1,813 per sqft, 7% above what two-beds in 1 Residences by Wasl Tower 2 were fetching at the time (AED 1,698). Over the last 12 months two-beds sold for AED 2,200,000 to 3,050,000, around AED 1,864 per sqft, and rent for AED 90,000 to 200,000 a year. 1508's AED 130,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Sep 20262,900,000
29 Jul 20262,200,000
3 Jul 20262,750,000
4 Jun 20262,950,000
12 2-bed sales in the last 12 months

1 Residences by Wasl Tower 2

Building

364 apartments, 1-bed to 3-bed over 42 floors in Al Kifaf, completed in 2022 by Wasl. 26 sold in the last 12 months.

Typical price per sqft
AED 1,984 Down 6.0%
Typical sale
AED 2.7M
Typical rent
AED 130K /yr
Typical yield
5.6%
1 Residences by Wasl Tower 2, Al Kifaf: prices, sales and rents →
Value
15012-bedAED 2.45M · Apr 2024
15022-bedAED 2.44M · Apr 2023
15032-bedAED 2.55M · Jan 2023
15041-bedAED 1.45M · Mar 2023
15051-bedAED 1.51M · Feb 2023
15062-bedAED 2.35M · Feb 2023
15072-bedAED 2.15M · Jan 2023
1–7 of 9

1508, 1 Residences by Wasl Tower 2 in numbers

  • Sold once: by Wasl on 2 February 2023 for AED 2,793,816, or AED 1,813 per sqft.
  • Rented since February 2023 on one Ejari contract, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2023 price is 4.7%.
  • Two-beds in 1 Residences by Wasl Tower 2 sold for AED 2,200,000–3,050,000 in the 12 months to November 2026; the building's median across all types is AED 1,984 per sqft.

Source: Dubai Land Department. Updated 15 February 2023.

Questions about 1508, 1 Residences by Wasl Tower 2

What did unit 1508 last sell for?

AED 2,793,816 on 2 February 2023, sold by the developer: AED 1,813 per sqft for 1,540 sqft. It is the only registered sale of the unit.

What is the rent for unit 1508?

AED 130,000 a year on the contract signed on 15 February 2023.

How big is unit 1508?

1,540 sqft (143.1 sqm): a two-bedroom apartment on the 15th floor of a 42-storey tower completed in 2022.

What is unit 1508 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in 1 Residences by Wasl Tower 2 sold for AED 2,200,000 to 3,050,000 in the last 12 months, around AED 1,864 per sqft.

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Mortgage on 1508, 1 Residences by Wasl Tower 2

Starts from the last sale price (AED 2.79M, 2 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,793,816
Deposit, UAE resident (20%)
AED 558,763
Deposit, non-resident (40%)
AED 1,117,526
Monthly over 25 years at 3.7%
AED 11,430

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