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Studio · 523 sqftLincoln Park - Sheffield, Arjan · 4th floor · completed 2014

424, Lincoln Park - Sheffield

Sold prices and rental history: sold once, by the developer in June 2014, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 424 · DLD and Ejari recordsUpdated 25 January 2017
Last soldAED 628K11 June 2014
Current rentAED 51K /yr25 January 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 424, Lincoln Park - Sheffield

What is 424 worth today?

Last sold for AED 627,624 in 2014

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25 Jan 2017RentedRenewal
AED 51,000/yr12 months · AED 97 per sqft
25 Jan 2016RentedNew contract
AED 52,000/yr12 months · AED 99 per sqft
11 Jun 2014Sold by developerOff-plan
AED 627,624AED 1,200 per sqft

Source: Dubai Land Department. Updated 25 January 2017.

Key facts

Type
Studio apartment
Size
523 sqft
Floor
4th of 6
Parking
G-94
Developer
DAMAC
Completed
2014
Service charge
AED 6,700 /yr
Last sold
AED 628K · June 2014
Building
Lincoln Park - Sheffield

About 424, Lincoln Park - Sheffield

424 is a studio of 523 sqft on the 4th floor of Lincoln Park - Sheffield, a 6-storey tower in Arjan completed in 2014 by DAMAC. The developer sold it on 11 June 2014 for AED 627,624, or AED 1,200 per sqft, in line with the AED 1,200 studios in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, renewed on 25 January 2017, is AED 51,000 a year: a gross yield of 8.1% on the 2014 price, before the service charge of about AED 6,700 a year.

Sales and rents for 424 over time

Sales
Unit 424, each saleTypical studio in Lincoln Park - Sheffield
400K600K2009201420192024Typical sale price by year: 2009 AED 470,500; 2013 AED 483,000; 2014 AED 572,000; 2015 AED 556,050; 2016 AED 512,500; 2017 AED 490,000; 2018 AED 402,500; 2019 AED 320,000; 2020 AED 300,000; 2021 AED 292,500; 2022 AED 285,000; 2023 AED 382,500; 2024 AED 450,000; 2025 AED 482,500; 2026 AED 510,000Sold by developer, June 2014: AED 627,624 (AED 1,200 per sqft)

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

Rents
Unit 424, each contractTypical studio in Lincoln Park - Sheffield
20K40K20152018202120242027Typical rent by year: 2015 AED 50,000; 2016 AED 50,000; 2017 AED 45,000; 2018 AED 40,000; 2019 AED 35,000; 2020 AED 27,000; 2021 AED 24,000; 2022 AED 28,000; 2023 AED 34,000; 2024 AED 39,000; 2025 AED 43,000; 2026 AED 43,000New contract, January 2016: AED 52,000 a yearRenewal, January 2017: AED 51,000 a year

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

Studios in Lincoln Park - Sheffield, and where 424 sits

All 130 studios →

424 last sold in June 2014 at AED 1,200 per sqft, in line with what studios in Lincoln Park - Sheffield were fetching at the time (AED 1,200). Over the last 12 months studios sold for AED 450,000 to 560,000, around AED 970 per sqft, and rent for AED 30,000 to 75,000 a year. 424's AED 51,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
1 Oct 2026510,000
16 Jul 2026500,000
8 Jun 2026520,000
26 Mar 2026560,000
8 studio sales in the last 12 months

Lincoln Park - Sheffield

Building

170 apartments, studios to 2-bed over 6 floors in Arjan, completed in 2014 by DAMAC. 10 sold in the last 12 months.

Typical price per sqft
AED 953 Up 5.0%
Typical sale
AED 515K
Typical rent
AED 45K /yr
Typical yield
8.6%
Lincoln Park - Sheffield, Arjan: prices, sales and rents →

Other units on the 4th floor

All 170 units in Lincoln Park - Sheffield
Value
401StudioAED 636K · Jun 2009
402StudioAED 330K · Mar 2023
403StudioAED 425K · Aug 2009
404StudioAED 310K · Dec 2022
405StudioAED 470K · May 2017
406StudioAED 472K · Jun 2009
407StudioAED 573K · Oct 2015
1–7 of 33

424, Lincoln Park - Sheffield in numbers

  • Sold once: by DAMAC on 11 June 2014 for AED 627,624, or AED 1,200 per sqft.
  • Rented since January 2016 on 2 Ejari contracts, from AED 52,000 to AED 51,000 a year.
  • At AED 51,000 a year the gross yield on the 2014 price is 8.1%, before a service charge of about AED 6,700 a year (AED 12.82 per sqft).
  • Studios in Lincoln Park - Sheffield sold for AED 450,000–560,000 in the 12 months to November 2026; the building's median across all types is AED 953 per sqft.

Source: Dubai Land Department. Updated 25 January 2017.

Questions about 424, Lincoln Park - Sheffield

What did unit 424 last sell for?

AED 627,624 on 11 June 2014, sold by the developer: AED 1,200 per sqft for 523 sqft. It is the only registered sale of the unit.

What is the rent for unit 424?

AED 51,000 a year on the contract renewed on 25 January 2017. The previous contract, from January 2016, was AED 52,000.

How big is unit 424?

523 sqft (48.6 sqm): a studio on the 4th floor of a 6-storey tower completed in 2014.

What is unit 424 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Lincoln Park - Sheffield sold for AED 450,000 to 560,000 in the last 12 months, around AED 970 per sqft.

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Mortgage on 424, Lincoln Park - Sheffield

Starts from the last sale price (AED 628K, 11 June 2014). Switch to today's estimate once you have unlocked it.
Price
AED 627,624
Deposit, UAE resident (20%)
AED 125,525
Deposit, non-resident (40%)
AED 251,050
Monthly over 25 years at 3.7%
AED 2,568

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