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Studio · 444 sqftThe Wings A, Arjan · 2nd floor · completed 2019

228, 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 228 · DLD and Ejari recordsUpdated 15 August 2024
Last soldAED 450K8 January 2020
Current rentAED 37K /yr15 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 228, The Wings A

What is 228 worth today?

Last sold for AED 450,000 in 2020

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15 Aug 2024RentedNew contract
AED 37,000/yr12 months · AED 83 per sqft
27 Oct 2022RentedRenewal
AED 27,925/yr12 months · AED 63 per sqft
27 Oct 2021RentedNew contract
AED 25,000/yr12 months · AED 56 per sqft
8 Aug 2020RentedNew contract
AED 27,000/yr14 months · AED 61 per sqft
8 Jan 2020Sold by developerReady
AED 450,000AED 1,013 per sqft

Source: Dubai Land Department. Updated 15 August 2024.

Key facts

Type
Studio apartment
Size
444 sqft
Floor
2nd of 4
Parking
nan
Developer
Almizan Property Developer
Completed
2019
Service charge
AED 5,800 /yr
Last sold
AED 450K · January 2020
Building
The Wings A

About 228, The Wings A

228 is a studio of 444 sqft on the 2nd 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 450,000, or AED 1,013 per sqft, 3% above the AED 979 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 15 August 2024, is AED 37,000 a year: a gross yield of 8.2% on the 2020 price, before the service charge of about AED 5,800 a year.

Sales and rents for 228 over time

Rents
Unit 228, each contractTypical studio in The Wings A
30K2020202220242026Typical 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, August 2020: AED 27,000 a yearNew contract, October 2021: AED 25,000 a yearRenewal, October 2022: AED 27,925 a yearNew contract, August 2024: AED 37,000 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 228 sits

All 134 studios →

228 last sold in January 2020 at AED 1,013 per sqft, 3% above what studios in The Wings A were fetching at the time (AED 979). 228's AED 37,000 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 2nd floor

All 134 units in The Wings A
Value
201StudioAED 450K · Jan 2020
202StudioAED 450K · Jan 2020
203StudioAED 450K · Jan 2020
204StudioAED 450K · Jan 2020
205StudioAED 450K · Jan 2020
206StudioAED 450K · Jan 2020
207StudioAED 450K · Jan 2020
1–7 of 33

228, The Wings A in numbers

  • Sold once: by Almizan Property Developer on 8 January 2020 for AED 450,000, or AED 1,013 per sqft.
  • Rented since August 2020 on 4 Ejari contracts, from AED 27,000 to AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2020 price is 8.2%, before a service charge of about AED 5,800 a year (AED 13.00 per sqft).

Source: Dubai Land Department. Updated 15 August 2024.

Questions about 228, The Wings A

What did unit 228 last sell for?

AED 450,000 on 8 January 2020, sold by the developer: AED 1,013 per sqft for 444 sqft. It is the only registered sale of the unit.

What is the rent for unit 228?

AED 37,000 a year on the contract signed on 15 August 2024. The previous contract, from October 2022, was AED 27,925; the unit has been rented since August 2020.

How big is unit 228?

444 sqft (41.2 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2019.

What is unit 228 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 228, The Wings A

Starts from the last sale price (AED 450K, 8 January 2020). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

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