Studio · 554 sqftAl Khail Heights 4A-4B, Al Quoz Fourth · 2nd floor · completed 2018

223, Al Khail Heights 4A-4B

Sold prices and rental history: sold once, by the developer in September 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 223 · DLD and Ejari recordsUpdated 6 March 2024
Last soldAED 410K20 September 2016
Current rentAED 35K /yr6 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 223, Al Khail Heights 4A-4B

What is 223 worth today?

Last sold for AED 410,283 in 2016

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6 Mar 2024RentedNew contract
AED 35,000/yr12 months · AED 63 per sqft
26 Jan 2022RentedNew contract
AED 28,000/yr12 months · AED 51 per sqft
1 Nov 2020RentedNew contract
AED 31,000/yr12 months · AED 56 per sqft
1 Aug 2019RentedRenewal
AED 38,000/yr12 months · AED 69 per sqft
1 Aug 2018RentedNew contract
AED 38,000/yr12 months · AED 69 per sqft
20 Sep 2016Sold by developerOff-plan
AED 410,283AED 740 per sqft

Source: Dubai Land Department. Updated 6 March 2024.

Key facts

Type
Studio apartment
Size
554 sqft
Floor
2nd of 4
Parking
G-2150
Developer
Al Khail Heights
Completed
2018
Service charge
AED 5,300 /yr
Last sold
AED 410K · September 2016

About 223, Al Khail Heights 4A-4B

223 is a studio of 554 sqft on the 2nd floor of Al Khail Heights 4A-4B, a 4-storey tower in Al Quoz Fourth completed in 2018 by Al Khail Heights. The developer sold it on 20 September 2016 for AED 410,283, or AED 740 per sqft, in line with the AED 745 studios in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 6 March 2024, is AED 35,000 a year: a gross yield of 8.5% on the 2016 price, before the service charge of about AED 5,300 a year.

Sales and rents for 223 over time

Sales
Unit 223, each saleTypical studio in Al Khail Heights 4A-4B
425K450K201520162017Typical sale price by year: 2015 AED 455,994; 2016 AED 430,684Sold by developer, September 2016: AED 410,283 (AED 740 per sqft)

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

Rents
Unit 223, each contractTypical studio in Al Khail Heights 4A-4B
40K60K2018202120242027Typical rent by year: 2018 AED 35,000; 2019 AED 34,750; 2020 AED 32,000; 2021 AED 30,000; 2022 AED 30,000; 2023 AED 36,000; 2024 AED 45,000; 2025 AED 53,000; 2026 AED 60,000New contract, August 2018: AED 38,000 a yearRenewal, August 2019: AED 38,000 a yearNew contract, November 2020: AED 31,000 a yearNew contract, January 2022: AED 28,000 a yearNew contract, March 2024: AED 35,000 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 4A-4B, and where 223 sits

All 82 studios →

223 last sold in September 2016 at AED 740 per sqft, in line with what studios in Al Khail Heights 4A-4B were fetching at the time (AED 745). 223's AED 35,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
20 Sep 2016550,265
20 Sep 2016407,893
20 Sep 2016312,607
20 Sep 2016526,925
0 studio sales in the last 12 months

Al Khail Heights 4A-4B

Building

191 apartments, studios to 3-bed over 4 floors in Al Quoz Fourth, completed in 2018 by Al Khail Heights. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 83K /yr
Typical yield
Al Khail Heights 4A-4B, Al Quoz Fourth: prices, sales and rents →

Other units on the 2nd floor

All 191 units in Al Khail Heights 4A-4B
Value
201StudioAED 446K · Jun 2015
2021-bedAED 687K · Jun 2015
203StudioAED 395K · Jun 2015
2041-bedAED 661K · Jun 2015
205StudioAED 425K · Jun 2015
2061-bedAED 740K · Jun 2015
2073-bedAED 1.39M · Jun 2015
1–7 of 39

223, Al Khail Heights 4A-4B in numbers

  • Sold once: by Al Khail Heights on 20 September 2016 for AED 410,283, or AED 740 per sqft.
  • Rented since August 2018 on 5 Ejari contracts. The rent fell from AED 38,000 to AED 28,000 in 2022 and recovered to AED 35,000 by March 2024.
  • At AED 35,000 a year the gross yield on the 2016 price is 8.5%, before a service charge of about AED 5,300 a year (AED 9.51 per sqft).

Source: Dubai Land Department. Updated 6 March 2024.

Questions about 223, Al Khail Heights 4A-4B

What did unit 223 last sell for?

AED 410,283 on 20 September 2016, sold by the developer: AED 740 per sqft for 554 sqft. It is the only registered sale of the unit.

What is the rent for unit 223?

AED 35,000 a year on the contract signed on 6 March 2024. The previous contract, from January 2022, was AED 28,000; the unit has been rented since August 2018.

How big is unit 223?

554 sqft (51.5 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2018.

What is unit 223 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 223, Al Khail Heights 4A-4B

Starts from the last sale price (AED 410K, 20 September 2016). Switch to today's estimate once you have unlocked it.
Price
AED 410,283
Deposit, UAE resident (20%)
AED 82,057
Deposit, non-resident (40%)
AED 164,113
Monthly over 25 years at 3.7%
AED 1,679

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