3-bed · 2,013 sqftSiraj Tower, Arjan · 10th floor · completed 2014

1011, Siraj Tower

Sold prices and rental history: sold once, by the developer in March 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1011 · DLD and Ejari recordsUpdated 18 March 2024
Last soldAED 1.63M18 March 2024
Current rentAED 88K /yr29 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1011, Siraj Tower

What is 1011 worth today?

Last sold for AED 1,625,000 in 2024

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18 Mar 2024Sold by developerReady
AED 1,625,000AED 807 per sqft
29 Aug 2023RentedRenewal
AED 87,675/yr12 months · AED 44 per sqft
29 Aug 2022RentedRenewal
AED 87,675/yr12 months · AED 44 per sqft
29 Aug 2021RentedRenewal
AED 83,500/yr12 months · AED 41 per sqft
29 Aug 2020RentedRenewal
AED 95,000/yr12 months · AED 47 per sqft
29 Aug 2019RentedNew contract
AED 105,000/yr12 months · AED 52 per sqft
27 Jul 2018RentedRenewal
AED 120,000/yr12 months · AED 60 per sqft
27 Jul 2017RentedNew contract
AED 115,500/yr12 months · AED 57 per sqft

Source: Dubai Land Department. Updated 18 March 2024.

Key facts

Type
3-bed apartment
Size
2,013 sqft
Floor
10th of 30
Parking
B2-139
Developer
Al Madar Investment
Completed
2014
Service charge
AED 19,900 /yr
Last sold
AED 1.63M · March 2024
Building
Siraj Tower

About 1011, Siraj Tower

1011 is a three-bedroom apartment of 2,013 sqft on the 10th floor of Siraj Tower, a 30-storey tower in Arjan completed in 2014 by Al Madar Investment. The developer sold it on 18 March 2024 for AED 1,625,000, or AED 807 per sqft, in line with the AED 807 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 29 August 2023, is AED 87,675 a year: a gross yield of 5.4% on the 2024 price, before the service charge of about AED 19,900 a year.

Sales and rents for 1011 over time

Sales
Unit 1011, each saleTypical three-bed in Siraj Tower
1.75M2M2024202520262027Typical sale price by year: 2024 AED 1,780,000; 2025 AED 2,025,000; 2026 AED 2,100,000Sold by developer, March 2024: AED 1,625,000 (AED 807 per sqft)

1011 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1011, each contractTypical three-bed in Siraj Tower
100K150K2016201920222025Typical rent by year: 2016 AED 135,000; 2017 AED 115,500; 2018 AED 110,000; 2019 AED 100,000; 2020 AED 83,500; 2021 AED 82,001; 2022 AED 83,500; 2023 AED 89,625; 2024 AED 98,248; 2025 AED 140,000; 2026 AED 125,000New contract, May 2016: AED 135,000 a yearNew contract, July 2017: AED 115,500 a yearRenewal, July 2018: AED 120,000 a yearNew contract, August 2019: AED 105,000 a yearRenewal, August 2020: AED 95,000 a yearRenewal, August 2021: AED 83,500 a yearRenewal, August 2022: AED 87,675 a yearRenewal, August 2023: AED 87,675 a year

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

3-beds in Siraj Tower, and where 1011 sits

All 29 3-beds →

1011 last sold in March 2024 at AED 807 per sqft, in line with what three-beds in Siraj Tower were fetching at the time (AED 807). Over the last 12 months three-beds sold for AED 1,950,000 to 2,200,000, around AED 1,030 per sqft, and rent for AED 60,000 to 160,000 a year. 1011's AED 87,675 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
13 Oct 20262,150,000
6 Oct 20262,100,000
10 Aug 20262,050,000
11 Jun 20262,200,000
8 3-bed sales in the last 12 months

Siraj Tower

Building

367 apartments, studios to 3-bed over 30 floors in Arjan, completed in 2014 by Al Madar Investment. 64 sold in the last 12 months.

Typical price per sqft
AED 1,168 Up 8.6%
Typical sale
AED 825K
Typical rent
AED 47K /yr
Typical yield
7.8%
Siraj Tower, Arjan: prices, sales and rents →

Other units on the 10th floor

All 367 units in Siraj Tower
Value
10011-bedAED 860K · Aug 2024
1002StudioAED 280K · Aug 2019
1003StudioAED 454K · Mar 2015
1004StudioAED 403K · May 2009
1005StudioAED 350K · May 2023
1006StudioAED 372K · Aug 2023
1007StudioAED 315K · Aug 2022
1–7 of 11

1011, Siraj Tower in numbers

  • Sold once: by Al Madar Investment on 18 March 2024 for AED 1,625,000, or AED 807 per sqft.
  • Rented since May 2016 on 8 Ejari contracts, from AED 135,000 to AED 87,675 a year.
  • At AED 87,675 a year the gross yield on the 2024 price is 5.4%, before a service charge of about AED 19,900 a year (AED 9.86 per sqft).
  • Three-beds in Siraj Tower sold for AED 1,950,000–2,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,168 per sqft.

Source: Dubai Land Department. Updated 18 March 2024.

Questions about 1011, Siraj Tower

What did unit 1011 last sell for?

AED 1,625,000 on 18 March 2024, sold by the developer: AED 807 per sqft for 2,013 sqft. It is the only registered sale of the unit.

What is the rent for unit 1011?

AED 87,675 a year on the contract renewed on 29 August 2023. The previous contract, from August 2022, was AED 87,675; the unit has been rented since May 2016.

How big is unit 1011?

2,013 sqft (187.0 sqm): a three-bedroom apartment on the 10th floor of a 30-storey tower completed in 2014.

What is unit 1011 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Siraj Tower sold for AED 1,950,000 to 2,200,000 in the last 12 months, around AED 1,030 per sqft.

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Mortgage on 1011, Siraj Tower

Starts from the last sale price (AED 1.63M, 18 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,625,000
Deposit, UAE resident (20%)
AED 325,000
Deposit, non-resident (40%)
AED 650,000
Monthly over 25 years at 3.7%
AED 6,648

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