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2-bed · 1,360 sqftDivine Residences, Arjan · 2nd floor · completed 2021

229, Divine Residences

Sold prices and rental history: sold once, by the developer in January 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 229 · DLD and Ejari recordsUpdated 1 February 2024
Last soldAED 1.09M13 January 2022
Current rentAED 68K /yr1 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 229, Divine Residences

What is 229 worth today?

Last sold for AED 1,089,460 in 2022

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1 Feb 2024RentedRenewal
AED 68,250/yr12 months · AED 50 per sqft
1 Feb 2023RentedRenewal
AED 65,000/yr12 months · AED 48 per sqft
1 Feb 2022RentedNew contract
AED 65,000/yr12 months · AED 48 per sqft
13 Jan 2022Sold by developerReady
AED 1,089,460AED 801 per sqft

Source: Dubai Land Department. Updated 1 February 2024.

Key facts

Type
2-bed apartment
Size
1,360 sqft
Floor
2nd of 6
Parking
G-116
Developer
Takmeel Real Estate Development
Completed
2021
Last sold
AED 1.09M · January 2022
Building
Divine Residences

About 229, Divine Residences

229 is a two-bedroom apartment of 1,360 sqft on the 2nd floor of Divine Residences, a 6-storey tower in Arjan completed in 2021 by Takmeel Real Estate Development . The developer sold it on 13 January 2022 for AED 1,089,460, or AED 801 per sqft, in line with the AED 784 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 1 February 2024, is AED 68,250 a year: a gross yield of 6.3% on the 2022 price.

Sales and rents for 229 over time

Rents
Unit 229, each contractTypical two-bed in Divine Residences
80K202220242026Typical rent by year: 2022 AED 71,500; 2023 AED 75,000; 2024 AED 75,000; 2025 AED 77,000; 2026 AED 89,880New contract, February 2022: AED 65,000 a yearRenewal, February 2023: AED 65,000 a yearRenewal, February 2024: AED 68,250 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 Divine Residences, and where 229 sits

All 38 2-beds →

229 last sold in January 2022 at AED 801 per sqft, in line with what two-beds in Divine Residences were fetching at the time (AED 784). Over the last 12 months two-beds sold for AED 1,620,000, around AED 1,386 per sqft, and rent for AED 70,000 to 110,000 a year. 229's AED 68,250 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Apr 20261,620,000
3 Sep 20241,630,000
31 May 20241,170,000
30 Nov 2023844,053
1 2-bed sale in the last 12 months

Divine Residences

Building

169 apartments, studios to 2-bed over 6 floors in Arjan, completed in 2021 by Takmeel Real Estate Development . 13 sold in the last 12 months.

Typical price per sqft
AED 1,322
Typical sale
AED 1.07M
Typical rent
AED 53K /yr
Typical yield
7.5%
Divine Residences, Arjan: prices, sales and rents →

Other units on the 2nd floor

All 169 units in Divine Residences
Value
2011-bedAED 666K · Jan 2022
2021-bedAED 925K · Jul 2024
2031-bedAED 1.02M · Jan 2025
2042-bedAED 1.1M · Feb 2022
2052-bedAED 1.06M · Apr 2022
2061-bedAED 653K · May 2022
2072-bedAED 848K · Jun 2022
1–7 of 29

229, Divine Residences in numbers

  • Sold once: by Takmeel Real Estate Development on 13 January 2022 for AED 1,089,460, or AED 801 per sqft.
  • Rented since February 2022 on 3 Ejari contracts, from AED 65,000 to AED 68,250 a year.
  • At AED 68,250 a year the gross yield on the 2022 price is 6.3%.
  • Two-beds in Divine Residences sold for AED 1,620,000–1,620,000 in the 12 months to November 2026; the building's median across all types is AED 1,322 per sqft.

Source: Dubai Land Department. Updated 1 February 2024.

Questions about 229, Divine Residences

What did unit 229 last sell for?

AED 1,089,460 on 13 January 2022, sold by the developer: AED 801 per sqft for 1,360 sqft. It is the only registered sale of the unit.

What is the rent for unit 229?

AED 68,250 a year on the contract renewed on 1 February 2024. The previous contract, from February 2023, was AED 65,000; the unit has been rented since February 2022.

How big is unit 229?

1,360 sqft (126.3 sqm): a two-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2021.

What is unit 229 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Divine Residences sold for AED 1,620,000 to 1,620,000 in the last 12 months, around AED 1,386 per sqft.

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Mortgage on 229, Divine Residences

Starts from the last sale price (AED 1.09M, 13 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,089,460
Deposit, UAE resident (20%)
AED 217,892
Deposit, non-resident (40%)
AED 435,784
Monthly over 25 years at 3.7%
AED 4,457

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