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2-bed · 1,373 sqftAl Khail Heights 1A-1B, Al Quoz Fourth · 2nd floor · completed 2018

231, Al Khail Heights 1A-1B

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

Unit 231 · DLD and Ejari recordsUpdated 1 November 2020
Last soldAED 486K24 February 2020
Current rentAED 65K /yr1 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 231, Al Khail Heights 1A-1B

What is 231 worth today?

Last sold for AED 486,487 in 2020

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1 Nov 2020RentedNew contract
AED 65,000/yr24 months · AED 47 per sqft
24 Feb 2020Sold by developerReady
AED 486,487AED 354 per sqft

Source: Dubai Land Department. Updated 1 November 2020.

Key facts

Type
2-bed apartment
Size
1,373 sqft
Floor
2nd of 4
Parking
G-344
Developer
Al Khail Heights
Completed
2018
Service charge
AED 14,700 /yr
Last sold
AED 486K · February 2020
Building
Al Khail Heights 1A-1B

About 231, Al Khail Heights 1A-1B

231 is a two-bedroom apartment of 1,373 sqft on the 2nd floor of Al Khail Heights 1A-1B, a 4-storey tower in Al Quoz Fourth completed in 2018 by Al Khail Heights. The developer sold it on 24 February 2020 for AED 486,487, or AED 354 per sqft, in line with the AED 354 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2020. The current contract, signed on 1 November 2020, is AED 65,000 a year: a gross yield of 13.4% on the 2020 price, before the service charge of about AED 14,700 a year.

Sales and rents for 231 over time

Sales
Unit 231, each saleTypical two-bed in Al Khail Heights 1A-1B
500K1M2015201720192021Typical sale price by year: 2015 AED 1,063,300; 2019 AED 504,021; 2020 AED 471,100Sold by developer, February 2020: AED 486,487 (AED 354 per sqft)

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

Rents
Unit 231, each contractTypical two-bed in Al Khail Heights 1A-1B
50K100K150K20192021202320252027Typical rent by year: 2019 AED 64,913; 2020 AED 65,000; 2021 AED 56,500; 2022 AED 62,567; 2023 AED 79,500; 2024 AED 73,500; 2025 AED 83,235; 2026 AED 160,000New contract, November 2020: AED 65,000 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 Al Khail Heights 1A-1B, and where 231 sits

All 25 2-beds →

231 last sold in February 2020 at AED 354 per sqft, in line with what two-beds in Al Khail Heights 1A-1B were fetching at the time (AED 354). Over the last 12 months two-beds sold for AED 1,500,000, around AED 1,084 per sqft, and rent for AED 65,000 to 160,000 a year. 231's AED 65,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Nov 20251,500,000
5 Feb 20251,350,000
3 Oct 20241,250,000
11 Jan 2023950,000
1 2-bed sale in the last 12 months

Al Khail Heights 1A-1B

Building

191 apartments, studios to 3-bed over 4 floors in Al Quoz Fourth, completed in 2018 by Al Khail Heights. 5 sold in the last 12 months.

Typical price per sqft
AED 950
Typical sale
AED 850K
Typical rent
AED 65K /yr
Typical yield
7.8%
Al Khail Heights 1A-1B, Al Quoz Fourth: prices, sales and rents →

Other units on the 2nd floor

All 191 units in Al Khail Heights 1A-1B
Value
201StudioAED 465K · Feb 2024
2021-bedAED 736K · Dec 2014
203StudioAED 508K · Jun 2015
2041-bedAED 600K · May 2023
205StudioAED 450K · Jan 2024
2061-bedAED 766K · Apr 2015
2073-bedAED 1.51M · Oct 2015
1–7 of 39

231, Al Khail Heights 1A-1B in numbers

  • Sold once: by Al Khail Heights on 24 February 2020 for AED 486,487, or AED 354 per sqft.
  • Rented since November 2020 on one Ejari contract, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2020 price is 13.4%, before a service charge of about AED 14,700 a year (AED 10.71 per sqft).
  • Two-beds in Al Khail Heights 1A-1B sold for AED 1,500,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 950 per sqft.

Source: Dubai Land Department. Updated 1 November 2020.

Questions about 231, Al Khail Heights 1A-1B

What did unit 231 last sell for?

AED 486,487 on 24 February 2020, sold by the developer: AED 354 per sqft for 1,373 sqft. It is the only registered sale of the unit.

What is the rent for unit 231?

AED 65,000 a year on the contract signed on 1 November 2020.

How big is unit 231?

1,373 sqft (127.6 sqm): a two-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2018.

What is unit 231 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Khail Heights 1A-1B sold for AED 1,500,000 to 1,500,000 in the last 12 months, around AED 1,084 per sqft.

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Mortgage on 231, Al Khail Heights 1A-1B

Starts from the last sale price (AED 486K, 24 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 486,487
Deposit, UAE resident (20%)
AED 97,297
Deposit, non-resident (40%)
AED 194,595
Monthly over 25 years at 3.7%
AED 1,990

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