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2-bed · 1,751 sqftAl Khail Heights 1A-1B, Al Quoz Fourth · 2nd floor · completed 2018

232, Al Khail Heights 1A-1B

Sold prices and rental history: sold once, by the developer in November 2019, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 232 · DLD and Ejari recordsUpdated 13 February 2024
Last soldAED 508K26 November 2019
Current rentAED 70K /yr13 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 232, Al Khail Heights 1A-1B

What is 232 worth today?

Last sold for AED 508,198 in 2019

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13 Feb 2024RentedNew contract
AED 69,792/yr12 months · AED 40 per sqft
15 Jan 2024RentedNew contract
AED 70,000/yr12 months · AED 40 per sqft
1 Nov 2020RentedNew contract
AED 70,000/yr24 months · AED 40 per sqft
26 Nov 2019Sold by developerReady · flagged as an outlier
AED 508,198AED 290 per sqft

Source: Dubai Land Department. Updated 13 February 2024.

Key facts

Type
2-bed apartment
Size
1,751 sqft
Floor
2nd of 4
Parking
G-345
Developer
Al Khail Heights
Completed
2018
Service charge
AED 18,800 /yr
Last sold
AED 508K · November 2019
Building
Al Khail Heights 1A-1B

About 232, Al Khail Heights 1A-1B

232 is a two-bedroom apartment of 1,751 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 26 November 2019 for AED 508,198, or AED 290 per sqft, 9% below the AED 317 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 13 February 2024, is AED 69,792 a year: a gross yield of 13.7% on the 2019 price, before the service charge of about AED 18,800 a year.

Sales and rents for 232 over time

Sales
Unit 232, 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 471,100

No registered sale of 232; the dashed line is the two-bed median of each year in the building.

Rents
Unit 232, 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 70,000 a yearNew contract, January 2024: AED 70,000 a yearNew contract, February 2024: AED 69,792 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 232 sits

All 25 2-beds →

232 last sold in November 2019 at AED 290 per sqft, 9% below what two-beds in Al Khail Heights 1A-1B were fetching at the time (AED 317). 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. 232's AED 69,792 is in the lower half 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

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

  • Sold once: by Al Khail Heights on 26 November 2019 for AED 508,198, or AED 290 per sqft.
  • Rented since November 2020 on 3 Ejari contracts, from AED 70,000 to AED 69,792 a year.
  • At AED 69,792 a year the gross yield on the 2019 price is 13.7%, before a service charge of about AED 18,800 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 13 February 2024.

Questions about 232, Al Khail Heights 1A-1B

What did unit 232 last sell for?

AED 508,198 on 26 November 2019, sold by the developer: AED 290 per sqft for 1,751 sqft. It is the only registered sale of the unit.

What is the rent for unit 232?

AED 69,792 a year on the contract signed on 13 February 2024. The previous contract, from January 2024, was AED 70,000; the unit has been rented since November 2020.

How big is unit 232?

1,751 sqft (162.7 sqm): a two-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2018.

What is unit 232 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 232, Al Khail Heights 1A-1B

Starts from the last sale price (AED 508K, 26 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 508,198
Deposit, UAE resident (20%)
AED 101,640
Deposit, non-resident (40%)
AED 203,279
Monthly over 25 years at 3.7%
AED 2,079

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