1408, Siraj Tower
Sold prices and rental history: sold once, by the developer in September 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1408, Siraj Tower
What is 1408 worth today?
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Source: Dubai Land Department. Updated 6 November 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 857 sqft
- Floor
- 14th of 30
- Parking
- B2-101
- Developer
- Al Madar Investment
- Completed
- 2014
- Service charge
- AED 8,400 /yr
- Last sold
- AED 870K · September 2024
- Building
- Siraj Tower
About 1408, Siraj Tower
1408 is a one-bedroom apartment of 857 sqft on the 14th floor of Siraj Tower, a 30-storey tower in Arjan completed in 2014 by Al Madar Investment. The developer sold it on 23 September 2024 for AED 870,000, or AED 1,015 per sqft, 4% above the AED 980 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 6 November 2024, is AED 80,000 a year: a gross yield of 9.2% on the 2024 price, before the service charge of about AED 8,400 a year.
Sales and rents for 1408 over time
1408 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Siraj Tower, and where 1408 sits
All 113 1-beds →1408 last sold in September 2024 at AED 1,015 per sqft, 4% above what one-beds in Siraj Tower were fetching at the time (AED 980). Over the last 12 months one-beds sold for AED 800,000 to 1,050,000, around AED 1,109 per sqft, and rent for AED 38,000 to 89,519 a year. 1408's AED 80,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jul 202627 July 2026 | 814 sqft | 800,000 | 982 | ||
| 10 Jul 202610 July 2026 | 860 sqft | 1,000,000 | 1,163 | ||
| 17 Jun 202617 June 2026 | 857 sqft | 850,000 | 992 | ||
| 4 May 20264 May 2026 | 811 sqft | 800,000 | 986 |
Siraj Tower
Building367 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%
Other units on the 14th floor
All 367 units in Siraj Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 1-bed | 857 sqft | AED 917KAED 917,000 · Dec 2024December 2024 | 65,000 /yr | |
| 1402 | Studio | 415 sqft | AED 379KAED 379,432 · Apr 2009April 2009 | 30,000 /yr | |
| 1403 | Studio | 415 sqft | AED 344KAED 344,048 · Aug 2016August 2016 | 41,000 /yr | |
| 1404 | Studio | 412 sqft | AED 395KAED 395,000 · Aug 2016August 2016 | 45,000 /yr | |
| 1405 | Studio | 412 sqft | AED 342KAED 341,869 · Aug 2016August 2016 | 39,900 /yr | |
| 1406 | Studio | 415 sqft | AED 415KAED 415,000 · May 2009May 2009 | ||
| 1407 | Studio | 415 sqft | AED 510KAED 509,751 · Aug 2024August 2024 | 50,000 /yr | |
| 1409 | 1-bed | 814 sqft | AED 840KAED 840,100 · Apr 2009April 2009 | 53,361 /yr | |
| 1410 | 2-bed | 1,411 sqft | AED 1.2MAED 1,200,000 · Dec 2018December 2018 | ||
| 1411 | 3-bed | 2,013 sqft | AED 1.78MAED 1,780,000 · Aug 2024August 2024 | 100,000 /yr | |
| 1412 | 2-bed | 1,411 sqft | AED 1.24MAED 1,235,970 · Aug 2024August 2024 | 65,994 /yr | |
| 1413 | 1-bed | 423 sqft | AED 828KAED 828,000 · Apr 2009April 2009 | 60,000 /yr |
1408, Siraj Tower in numbers
- Sold once: by Al Madar Investment on 23 September 2024 for AED 870,000, or AED 1,015 per sqft.
- Rented since August 2016 on 8 Ejari contracts. The rent fell from AED 64,500 to AED 42,000 in 2021 and recovered to AED 80,000 by November 2024.
- At AED 80,000 a year the gross yield on the 2024 price is 9.2%, before a service charge of about AED 8,400 a year (AED 9.86 per sqft).
- One-beds in Siraj Tower sold for AED 800,000–1,050,000 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 6 November 2024.
Questions about 1408, Siraj Tower
What did unit 1408 last sell for?
AED 870,000 on 23 September 2024, sold by the developer: AED 1,015 per sqft for 857 sqft. It is the only registered sale of the unit.
What is the rent for unit 1408?
AED 80,000 a year on the contract signed on 6 November 2024. The previous contract, from October 2022, was AED 46,200; the unit has been rented since August 2016.
How big is unit 1408?
857 sqft (79.6 sqm): a one-bedroom apartment on the 14th floor of a 30-storey tower completed in 2014.
What is unit 1408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Siraj Tower sold for AED 800,000 to 1,050,000 in the last 12 months, around AED 1,109 per sqft.
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Mortgage on 1408, Siraj Tower
Starts from the last sale price (AED 870K, 23 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 870,000
- Deposit, UAE resident (20%)
- AED 174,000
- Deposit, non-resident (40%)
- AED 348,000
- Monthly over 25 years at 3.7%
- AED 3,559
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →