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Studio · 640 sqftThe Wings A, Arjan · 1st floor · completed 2019

111, The Wings A

Sold prices and rental history: sold once, by the developer in January 2020, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 111 · DLD and Ejari recordsUpdated 25 June 2024
Last soldAED 421K8 January 2020
Current rentAED 40K /yr25 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 111, The Wings A

What is 111 worth today?

Last sold for AED 421,000 in 2020

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25 Jun 2024RentedRenewal
AED 40,000/yr12 months · AED 62 per sqft
25 Jun 2023RentedNew contract
AED 40,000/yr12 months · AED 62 per sqft
31 Jul 2022RentedRenewal
AED 28,000/yr12 months · AED 44 per sqft
1 Jul 2021RentedNew contract
AED 28,078/yr13 months · AED 44 per sqft
15 Apr 2020RentedNew contract
AED 31,000/yr13 months · AED 48 per sqft
8 Jan 2020Sold by developerReady
AED 421,000AED 657 per sqft

Source: Dubai Land Department. Updated 25 June 2024.

Key facts

Type
Studio apartment
Size
640 sqft
Floor
1st of 4
Parking
G-99
Developer
Almizan Property Developer
Completed
2019
Service charge
AED 8,300 /yr
Last sold
AED 421K · January 2020
Building
The Wings A

About 111, The Wings A

111 is a studio of 640 sqft on the 1st floor of The Wings A, a 4-storey tower in Arjan completed in 2019 by Almizan Property Developer . The developer sold it on 8 January 2020 for AED 421,000, or AED 657 per sqft, 33% below the AED 979 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 25 June 2024, is AED 40,000 a year: a gross yield of 9.5% on the 2020 price, before the service charge of about AED 8,300 a year.

Sales and rents for 111 over time

Rents
Unit 111, each contractTypical studio in The Wings A
30K40K2020202220242026Typical rent by year: 2020 AED 30,000; 2021 AED 26,851; 2022 AED 29,000; 2023 AED 33,000; 2024 AED 35,000; 2025 AED 35,000; 2026 AED 36,250New contract, April 2020: AED 31,000 a yearNew contract, July 2021: AED 28,078 a yearRenewal, July 2022: AED 28,000 a yearNew contract, June 2023: AED 40,000 a yearRenewal, June 2024: AED 40,000 a year

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

Studios in The Wings A, and where 111 sits

All 134 studios →

111 last sold in January 2020 at AED 657 per sqft, 33% below what studios in The Wings A were fetching at the time (AED 979). 111's AED 40,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
9 Jan 2020450,000
9 Jan 2020450,000
9 Jan 2020450,000
9 Jan 2020450,000
0 studio sales in the last 12 months

The Wings A

Building

134 apartments, studios over 4 floors in Arjan, completed in 2019 by Almizan Property Developer . No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 36K /yr
Typical yield
The Wings A, Arjan: prices, sales and rents →

Other units on the 1st floor

All 134 units in The Wings A
Value
101StudioAED 679K · Jan 2020
102StudioAED 465K · Jan 2020
103StudioAED 576K · Jan 2020
104StudioAED 560K · Jan 2020
105StudioAED 475K · Jan 2020
106StudioAED 465K · Jan 2020
107StudioAED 591K · Jan 2020
1–7 of 31

111, The Wings A in numbers

  • Sold once: by Almizan Property Developer on 8 January 2020 for AED 421,000, or AED 657 per sqft.
  • Rented since April 2020 on 5 Ejari contracts, from AED 31,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2020 price is 9.5%, before a service charge of about AED 8,300 a year (AED 13.00 per sqft).

Source: Dubai Land Department. Updated 25 June 2024.

Questions about 111, The Wings A

What did unit 111 last sell for?

AED 421,000 on 8 January 2020, sold by the developer: AED 657 per sqft for 640 sqft. It is the only registered sale of the unit.

What is the rent for unit 111?

AED 40,000 a year on the contract renewed on 25 June 2024. The previous contract, from June 2023, was AED 40,000; the unit has been rented since April 2020.

How big is unit 111?

640 sqft (59.5 sqm): a studio on the 1st floor of a 4-storey tower completed in 2019.

What is unit 111 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 111, The Wings A

Starts from the last sale price (AED 421K, 8 January 2020). Switch to today's estimate once you have unlocked it.
Price
AED 421,000
Deposit, UAE resident (20%)
AED 84,200
Deposit, non-resident (40%)
AED 168,400
Monthly over 25 years at 3.7%
AED 1,722

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