2-bed · 1,356 sqftJ8 - Al Sufouh, Al Sufouh First · 4th floor · completed 2016

408, J8 - Al Sufouh

Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 14 March 2023
Last soldAED 1.35M14 March 2023
Current rentAED 80K /yr18 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, J8 - Al Sufouh

What is 408 worth today?

Last sold for AED 1,350,000 in 2023

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14 Mar 2023SoldReady
AED 1,350,000AED 995 per sqft
18 Nov 2022RentedRenewal
AED 80,000/yr12 months · AED 59 per sqft
1 Dec 2021RentedNew contract
AED 82,997/yr12 months · AED 61 per sqft
30 Nov 2021Sold by developerReady
AED 1,491,050AED 1,099 per sqft
18 Nov 2021RentedNew contract
AED 80,000/yr12 months · AED 59 per sqft
1 Oct 2021RentedNew contract
AED 60,000/yr12 months · AED 44 per sqft
1 Oct 2020RentedNew contract
AED 85,000/yr12 months · AED 63 per sqft
15 Apr 2019RentedNew contract
AED 95,000/yr12 months · AED 70 per sqft

Source: Dubai Land Department. Updated 14 March 2023.

Key facts

Type
2-bed apartment
Size
1,356 sqft
Floor
4th of 8
Parking
B-15
Developer
Aqua Real Estate Development
Completed
2016
Service charge
AED 18,300 /yr
Last sold
AED 1.35M · March 2023

About 408, J8 - Al Sufouh

408 is a two-bedroom apartment of 1,356 sqft on the 4th floor of J8 - Al Sufouh, a 8-storey tower in Al Sufouh First completed in 2016 by Aqua Real Estate Development. It last sold on 14 March 2023 for AED 1,350,000, or AED 995 per sqft, in line with the AED 995 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, renewed on 18 November 2022, is AED 80,000 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 18,300 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical two-bed in J8 - Al Sufouh
1.25M1.5M1.75M2016201920222025Typical sale price by year: 2016 AED 1,638,000; 2017 AED 1,772,400; 2018 AED 1,397,530; 2021 AED 1,500,000; 2023 AED 1,310,000; 2024 AED 1,700,000Sold by developer, November 2021: AED 1,491,050 (AED 1,099 per sqft)Sold, March 2023: AED 1,350,000 (AED 995 per sqft)

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

Rents
Unit 408, each contractTypical two-bed in J8 - Al Sufouh
50K100K2017202020232026Typical rent by year: 2017 AED 130,000; 2018 AED 100,000; 2019 AED 95,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 84,000; 2023 AED 88,200; 2024 AED 120,000; 2025 AED 130,000; 2026 AED 115,000New contract, May 2018: AED 90,000 a yearNew contract, January 2019: AED 90,000 a yearNew contract, April 2019: AED 95,000 a yearNew contract, October 2020: AED 85,000 a yearNew contract, October 2021: AED 60,000 a yearNew contract, November 2021: AED 80,000 a yearNew contract, December 2021: AED 82,997 a yearRenewal, November 2022: AED 80,000 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 J8 - Al Sufouh, and where 408 sits

All 32 2-beds →

408 last sold in March 2023 at AED 995 per sqft, in line with what two-beds in J8 - Al Sufouh were fetching at the time (AED 995). Over the last 12 months two-beds sold for AED 1,600,000 to 1,675,000, around AED 1,267 per sqft, and rent for AED 100,000 to 145,000 a year. 408's AED 80,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Sep 20261,675,000
26 Jun 20261,600,000
9 Aug 20241,700,000
28 Jun 20241,700,000
2 2-bed sales in the last 12 months

J8 - Al Sufouh

Building

91 apartments, 1-bed to 3-bed over 8 floors in Al Sufouh First, completed in 2016 by Aqua Real Estate Development. 9 sold in the last 12 months.

Typical price per sqft
AED 1,566
Typical sale
AED 1.35M
Typical rent
AED 95K /yr
Typical yield
6.4%
J8 - Al Sufouh, Al Sufouh First: prices, sales and rents →

Other units on the 4th floor

All 91 units in J8 - Al Sufouh
Value
4011-bedAED 1.12M · Sep 2016
4022-bedAED 1.62M · Oct 2017
4032-bedAED 1.45M · Apr 2022
4041-bedAED 910K · May 2017
4051-bedAED 1M · Jan 2024
4061-bedAED 1.4M · Dec 2025
4071-bedAED 600K · Jul 2017
1–7 of 11

408, J8 - Al Sufouh in numbers

  • Sold twice: first on 30 November 2021 for AED 1,491,050, last on 14 March 2023 for AED 1,350,000 (AED 995 per sqft).
  • Rented since May 2018 on 8 Ejari contracts. The rent fell from AED 90,000 to AED 60,000 in 2021 and recovered to AED 80,000 by November 2022.
  • At AED 80,000 a year the gross yield on the 2023 price is 5.9%, before a service charge of about AED 18,300 a year (AED 13.49 per sqft).
  • Two-beds in J8 - Al Sufouh sold for AED 1,600,000–1,675,000 in the 12 months to November 2026; the building's median across all types is AED 1,566 per sqft.

Source: Dubai Land Department. Updated 14 March 2023.

Questions about 408, J8 - Al Sufouh

What did unit 408 last sell for?

AED 1,350,000 on 14 March 2023: AED 995 per sqft for 1,356 sqft. The unit has 2 registered sales; the first was AED 1,491,050 in November 2021.

What is the rent for unit 408?

AED 80,000 a year on the contract renewed on 18 November 2022. The previous contract, from December 2021, was AED 82,997; the unit has been rented since May 2018.

How big is unit 408?

1,356 sqft (126.0 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower completed in 2016.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in J8 - Al Sufouh sold for AED 1,600,000 to 1,675,000 in the last 12 months, around AED 1,267 per sqft.

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Mortgage on 408, J8 - Al Sufouh

Starts from the last sale price (AED 1.35M, 14 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

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