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Studio · 516 sqftAl Khail Heights 1A-1B, Al Quoz Fourth · 2nd floor · completed 2018

240, Al Khail Heights 1A-1B

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

Unit 240 · DLD and Ejari recordsUpdated 1 November 2022
Last soldAED 183K27 January 2020
Current rentAED 31K /yr1 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 240, Al Khail Heights 1A-1B

What is 240 worth today?

Last sold for AED 182,933 in 2020

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1 Nov 2022RentedRenewal
AED 30,802/yr12 months · AED 60 per sqft
1 Nov 2020RentedNew contract
AED 32,000/yr24 months · AED 62 per sqft
27 Jan 2020Sold by developerReady
AED 182,933AED 354 per sqft

Source: Dubai Land Department. Updated 1 November 2022.

Key facts

Type
Studio apartment
Size
516 sqft
Floor
2nd of 4
Parking
G-355
Developer
Al Khail Heights
Completed
2018
Service charge
AED 5,500 /yr
Last sold
AED 183K · January 2020
Building
Al Khail Heights 1A-1B

About 240, Al Khail Heights 1A-1B

240 is a studio of 516 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 27 January 2020 for AED 182,933, or AED 354 per sqft, in line with the AED 354 studios in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 1 November 2022, is AED 30,802 a year: a gross yield of 16.8% on the 2020 price, before the service charge of about AED 5,500 a year.

Sales and rents for 240 over time

Sales
Unit 240, each saleTypical studio in Al Khail Heights 1A-1B
200K400K600K20142017202020232026Typical sale price by year: 2014 AED 490,300; 2015 AED 505,100; 2016 AED 460,950; 2017 AED 525,000; 2019 AED 244,158; 2020 AED 204,403; 2021 AED 355,663; 2023 AED 430,000; 2024 AED 472,500; 2025 AED 590,000Sold by developer, January 2020: AED 182,933 (AED 354 per sqft)

240 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 240, each contractTypical studio in Al Khail Heights 1A-1B
30K40K50K2018202120242027Typical rent by year: 2018 AED 35,500; 2019 AED 36,000; 2020 AED 32,000; 2021 AED 28,500; 2022 AED 30,802; 2023 AED 34,500; 2024 AED 42,000; 2025 AED 46,000; 2026 AED 49,000New contract, November 2020: AED 32,000 a yearRenewal, November 2022: AED 30,802 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Al Khail Heights 1A-1B, and where 240 sits

All 82 studios →

240 last sold in January 2020 at AED 354 per sqft, in line with what studios in Al Khail Heights 1A-1B were fetching at the time (AED 354). Over the last 12 months studios sold for AED 625,000 to 635,000, around AED 1,001 per sqft, and rent for AED 35,000 to 75,600 a year. 240's AED 30,802 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
23 Aug 2026625,000
23 Mar 2026635,000
9 Jul 2025590,000
16 Jun 2025610,000
2 studio sales 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

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

  • Sold once: by Al Khail Heights on 27 January 2020 for AED 182,933, or AED 354 per sqft.
  • Rented since November 2020 on 2 Ejari contracts, from AED 32,000 to AED 30,802 a year.
  • At AED 30,802 a year the gross yield on the 2020 price is 16.8%, before a service charge of about AED 5,500 a year (AED 10.71 per sqft).
  • Studios in Al Khail Heights 1A-1B sold for AED 625,000–635,000 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 2022.

Questions about 240, Al Khail Heights 1A-1B

What did unit 240 last sell for?

AED 182,933 on 27 January 2020, sold by the developer: AED 354 per sqft for 516 sqft. It is the only registered sale of the unit.

What is the rent for unit 240?

AED 30,802 a year on the contract renewed on 1 November 2022. The previous contract, from November 2020, was AED 32,000.

How big is unit 240?

516 sqft (47.9 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2018.

What is unit 240 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Al Khail Heights 1A-1B sold for AED 625,000 to 635,000 in the last 12 months, around AED 1,001 per sqft.

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Mortgage on 240, Al Khail Heights 1A-1B

Starts from the last sale price (AED 183K, 27 January 2020). Switch to today's estimate once you have unlocked it.
Price
AED 182,933
Deposit, UAE resident (20%)
AED 36,587
Deposit, non-resident (40%)
AED 73,173
Monthly over 25 years at 3.7%
AED 748

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