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Studio · 529 sqftLincoln Park - Sheffield, Arjan · 6th floor · completed 2014

622, Lincoln Park - Sheffield

Sold prices and rental history: sold once, by the developer in June 2009, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 622 · DLD and Ejari recordsUpdated 9 September 2022
Last soldAED 575K15 June 2009
Current rentAED 28K /yr9 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 622, Lincoln Park - Sheffield

What is 622 worth today?

Last sold for AED 575,000 in 2009

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9 Sep 2022RentedRenewal
AED 28,000/yr12 months · AED 53 per sqft
9 Sep 2021RentedNew contract
AED 25,000/yr12 months · AED 47 per sqft
6 Dec 2019RentedRenewal
AED 35,000/yr12 months · AED 66 per sqft
6 Dec 2018RentedRenewal
AED 45,000/yr12 months · AED 85 per sqft
6 Dec 2017RentedNew contract
AED 50,000/yr12 months · AED 95 per sqft
6 Dec 2017RentedRenewal
AED 50,000/yr6 months · AED 95 per sqft
6 Dec 2016RentedRenewal
AED 50,000/yr12 months · AED 95 per sqft
6 Dec 2015RentedNew contract
AED 50,000/yr12 months · AED 95 per sqft

Source: Dubai Land Department. Updated 9 September 2022.

Key facts

Type
Studio apartment
Size
529 sqft
Floor
6th of 6
Parking
P1-67
Developer
DAMAC
Completed
2014
Service charge
AED 6,800 /yr
Last sold
AED 575K · June 2009
Building
Lincoln Park - Sheffield

About 622, Lincoln Park - Sheffield

622 is a studio of 529 sqft on the 6th floor of Lincoln Park - Sheffield, a 6-storey tower in Arjan completed in 2014 by DAMAC. The developer sold it on 15 June 2009 for AED 575,000, or AED 1,086 per sqft, 13% above the AED 957 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 9 September 2022, is AED 28,000 a year: a gross yield of 4.9% on the 2009 price, before the service charge of about AED 6,800 a year.

Sales and rents for 622 over time

Sales
Unit 622, 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 2009: AED 575,000 (AED 1,086 per sqft)

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

Rents
Unit 622, 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, December 2015: AED 50,000 a yearRenewal, December 2016: AED 50,000 a yearNew contract, December 2017: AED 50,000 a yearRenewal, December 2017: AED 50,000 a yearRenewal, December 2018: AED 45,000 a yearRenewal, December 2019: AED 35,000 a yearNew contract, September 2021: AED 25,000 a yearRenewal, September 2022: AED 28,000 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 622 sits

All 130 studios →

622 last sold in June 2009 at AED 1,086 per sqft, 13% above what studios in Lincoln Park - Sheffield were fetching at the time (AED 957). 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. 622's AED 28,000 is at the bottom 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 6th floor

All 170 units in Lincoln Park - Sheffield
Value
601StudioAED 639K · Oct 2015
602StudioAED 350K · Feb 2023
603StudioAED 250K · Mar 2022
604StudioAED 385K · Mar 2023
605StudioAED 477K · Feb 2015
606StudioAED 477K · Feb 2015
607StudioAED 450K · Feb 2026
1–7 of 33

622, Lincoln Park - Sheffield in numbers

  • Sold once: by DAMAC on 15 June 2009 for AED 575,000, or AED 1,086 per sqft.
  • Rented since December 2015 on 8 Ejari contracts. The rent fell from AED 50,000 to AED 25,000 in 2021 and recovered to AED 28,000 by September 2022.
  • At AED 28,000 a year the gross yield on the 2009 price is 4.9%, before a service charge of about AED 6,800 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 9 September 2022.

Questions about 622, Lincoln Park - Sheffield

What did unit 622 last sell for?

AED 575,000 on 15 June 2009, sold by the developer: AED 1,086 per sqft for 529 sqft. It is the only registered sale of the unit.

What is the rent for unit 622?

AED 28,000 a year on the contract renewed on 9 September 2022. The previous contract, from September 2021, was AED 25,000; the unit has been rented since December 2015.

How big is unit 622?

529 sqft (49.1 sqm): a studio on the 6th floor of a 6-storey tower completed in 2014.

What is unit 622 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 622, Lincoln Park - Sheffield

Starts from the last sale price (AED 575K, 15 June 2009). Switch to today's estimate once you have unlocked it.
Price
AED 575,000
Deposit, UAE resident (20%)
AED 115,000
Deposit, non-resident (40%)
AED 230,000
Monthly over 25 years at 3.7%
AED 2,353

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