2-bed · 1,280 sqftBurj View Residence, Arjan · 4th floor · completed 2016

402, Burj View Residence

Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 27 June 2024
Last soldAED 1.3M27 June 2024
Current rentAED 66K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Burj View Residence

What is 402 worth today?

Last sold for AED 1,300,000 in 2024

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27 Jun 2024SoldReady
AED 1,300,000AED 1,015 per sqft
5 Dec 2023Sold by developerReady
AED 936,484AED 731 per sqft
1 Nov 2023RentedRenewal
AED 66,150/yr12 months · AED 52 per sqft
1 Nov 2022RentedNew contract
AED 63,000/yr12 months · AED 49 per sqft
1 Aug 2021RentedNew contract
AED 55,000/yr14 months · AED 43 per sqft
19 Mar 2020RentedRenewal
AED 65,000/yr12 months · AED 51 per sqft
19 Mar 2019RentedRenewal
AED 77,000/yr12 months · AED 60 per sqft
19 Mar 2018RentedRenewal
AED 85,000/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 27 June 2024.

Key facts

Type
2-bed apartment
Size
1,280 sqft
Floor
4th of 6
Parking
B-22
Developer
Al Madar Investment
Completed
2016
Service charge
AED 15,400 /yr
Last sold
AED 1.3M · June 2024

About 402, Burj View Residence

402 is a two-bedroom apartment of 1,280 sqft on the 4th floor of Burj View Residence, a 6-storey tower in Arjan completed in 2016 by Al Madar Investment. It last sold on 27 June 2024 for AED 1,300,000, or AED 1,015 per sqft, 38% above the AED 735 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 1 November 2023, is AED 66,150 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 15,400 a year.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical two-bed in Burj View Residence
1M1.5M20232024202520262027Typical sale price by year: 2023 AED 966,312; 2024 AED 1,014,994; 2025 AED 1,586,750; 2026 AED 1,475,000Sold by developer, December 2023: AED 936,484 (AED 731 per sqft)Sold, June 2024: AED 1,300,000 (AED 1,015 per sqft)

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

Rents
Unit 402, each contractTypical two-bed in Burj View Residence
50K100K2017202020232026Typical rent by year: 2017 AED 85,000; 2018 AED 77,000; 2019 AED 65,500; 2020 AED 58,737; 2021 AED 54,000; 2022 AED 59,400; 2023 AED 62,370; 2024 AED 70,693; 2025 AED 115,000; 2026 AED 110,000New contract, March 2017: AED 85,000 a yearRenewal, March 2018: AED 85,000 a yearRenewal, March 2019: AED 77,000 a yearRenewal, March 2020: AED 65,000 a yearNew contract, August 2021: AED 55,000 a yearNew contract, November 2022: AED 63,000 a yearRenewal, November 2023: AED 66,150 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 Burj View Residence, and where 402 sits

All 36 2-beds →

402 last sold in June 2024 at AED 1,015 per sqft, 38% above what two-beds in Burj View Residence were fetching at the time (AED 735). Over the last 12 months two-beds sold for AED 500,000 to 1,650,000, around AED 1,105 per sqft, and rent for AED 87,807 to 140,000 a year. 402's AED 66,150 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Oct 20261,400,000
12 Aug 20261,550,000
22 Jul 2026500,000
12 Feb 20261,650,000
6 2-bed sales in the last 12 months

Burj View Residence

Building

119 apartments, studios to 2-bed over 6 floors in Arjan, completed in 2016 by Al Madar Investment. 15 sold in the last 12 months.

Typical price per sqft
AED 1,183 Down 11.3%
Typical sale
AED 640K
Typical rent
AED 65K /yr
Typical yield
7.9%
Burj View Residence, Arjan: prices, sales and rents →

Other units on the 4th floor

All 119 units in Burj View Residence
Value
4012-bedAED 2.01M · Dec 2024
4031-bedAED 1.17M · Jan 2025
4041-bedAED 1.09M · Nov 2024
4051-bedAED 1.13M · Jan 2025
4062-bedAED 2.5M · Dec 2024
4072-bedAED 1.18M · May 2024
4081-bedAED 1.2M · Apr 2025
1–7 of 19

402, Burj View Residence in numbers

  • Sold twice: first on 5 December 2023 for AED 936,484, last on 27 June 2024 for AED 1,300,000 (AED 1,015 per sqft).
  • Rented since March 2017 on 7 Ejari contracts. The rent fell from AED 85,000 to AED 55,000 in 2021 and recovered to AED 66,150 by November 2023.
  • At AED 66,150 a year the gross yield on the 2024 price is 5.1%, before a service charge of about AED 15,400 a year (AED 12.00 per sqft).
  • Two-beds in Burj View Residence sold for AED 500,000–1,650,000 in the 12 months to November 2026; the building's median across all types is AED 1,183 per sqft.

Source: Dubai Land Department. Updated 27 June 2024.

Questions about 402, Burj View Residence

What did unit 402 last sell for?

AED 1,300,000 on 27 June 2024: AED 1,015 per sqft for 1,280 sqft. The unit has 2 registered sales; the first was AED 936,484 in December 2023.

What is the rent for unit 402?

AED 66,150 a year on the contract renewed on 1 November 2023. The previous contract, from November 2022, was AED 63,000; the unit has been rented since March 2017.

How big is unit 402?

1,280 sqft (118.9 sqm): a two-bedroom apartment on the 4th floor of a 6-storey tower completed in 2016.

What is unit 402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Burj View Residence sold for AED 500,000 to 1,650,000 in the last 12 months, around AED 1,105 per sqft.

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Mortgage on 402, Burj View Residence

Starts from the last sale price (AED 1.3M, 27 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

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