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Studio · 465 sqftDivine Residences, Arjan · 6th floor · completed 2021

623, Divine Residences

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

Unit 623 · DLD and Ejari recordsUpdated 20 April 2022
Last soldAED 390K14 March 2022
Current rentAED 30K /yr20 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 623, Divine Residences

What is 623 worth today?

Last sold for AED 390,000 in 2022

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20 Apr 2022RentedNew contract
AED 30,000/yr12 months · AED 65 per sqft
14 Mar 2022Sold by developerReady
AED 390,000AED 838 per sqft

Source: Dubai Land Department. Updated 20 April 2022.

Key facts

Type
Studio apartment
Size
465 sqft
Floor
6th of 6
Parking
nan
Developer
Takmeel Real Estate Development
Completed
2021
Last sold
AED 390K · March 2022
Building
Divine Residences

About 623, Divine Residences

623 is a studio of 465 sqft on the 6th floor of Divine Residences, a 6-storey tower in Arjan completed in 2021 by Takmeel Real Estate Development . The developer sold it on 14 March 2022 for AED 390,000, or AED 838 per sqft, in line with the AED 838 studios in the building were fetching at the time.

One Ejari contract is registered, from 20 April 2022. The current contract, signed on 20 April 2022, is AED 30,000 a year: a gross yield of 7.7% on the 2022 price.

Sales and rents for 623 over time

Sales
Unit 623, each saleTypical studio in Divine Residences
400K600K2021202320252027Typical sale price by year: 2021 AED 429,750; 2022 AED 419,000; 2023 AED 545,000; 2024 AED 555,000; 2025 AED 595,000; 2026 AED 620,000Sold by developer, March 2022: AED 390,000 (AED 838 per sqft)

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

Rents
Unit 623, each contractTypical studio in Divine Residences
30K40K50K202220242026Typical rent by year: 2022 AED 34,000; 2023 AED 36,750; 2024 AED 45,000; 2025 AED 50,000; 2026 AED 48,000New contract, April 2022: AED 30,000 a year

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

Studios in Divine Residences, and where 623 sits

All 92 studios →

623 last sold in March 2022 at AED 838 per sqft, in line with what studios in Divine Residences were fetching at the time (AED 838). Over the last 12 months studios sold for AED 580,000 to 625,000, around AED 1,322 per sqft, and rent for AED 36,000 to 60,000 a year. 623's AED 30,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
22 Jun 2026620,000
17 Feb 2026620,000
19 Jan 2026580,000
19 Jan 2026625,000
6 studio sales 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 6th floor

All 169 units in Divine Residences
Value
6011-bedAED 707K · Jul 2022
6021-bedAED 666K · Apr 2022
603StudioAED 750K · May 2025
604StudioAED 536K · Aug 2022
6052-bedAED 860K · Nov 2022
6062-bedAED 930K · Apr 2022
6071-bedAED 699K · Jun 2022
1–7 of 27

623, Divine Residences in numbers

  • Sold once: by Takmeel Real Estate Development on 14 March 2022 for AED 390,000, or AED 838 per sqft.
  • Rented since April 2022 on one Ejari contract, at AED 30,000 a year.
  • At AED 30,000 a year the gross yield on the 2022 price is 7.7%.
  • Studios in Divine Residences sold for AED 580,000–625,000 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 20 April 2022.

Questions about 623, Divine Residences

What did unit 623 last sell for?

AED 390,000 on 14 March 2022, sold by the developer: AED 838 per sqft for 465 sqft. It is the only registered sale of the unit.

What is the rent for unit 623?

AED 30,000 a year on the contract signed on 20 April 2022.

How big is unit 623?

465 sqft (43.2 sqm): a studio on the 6th floor of a 6-storey tower completed in 2021.

What is unit 623 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Divine Residences sold for AED 580,000 to 625,000 in the last 12 months, around AED 1,322 per sqft.

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Mortgage on 623, Divine Residences

Starts from the last sale price (AED 390K, 14 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 390,000
Deposit, UAE resident (20%)
AED 78,000
Deposit, non-resident (40%)
AED 156,000
Monthly over 25 years at 3.7%
AED 1,596

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