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Studio · 453 sqftThe Wings A, Arjan · 3rd floor · completed 2019

316, 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 316 · DLD and Ejari recordsUpdated 7 November 2023
Last soldAED 450K8 January 2020
Current rentAED 30K /yr7 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 316, The Wings A

What is 316 worth today?

Last sold for AED 450,000 in 2020

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7 Nov 2023RentedRenewal
AED 29,500/yr12 months · AED 65 per sqft
7 Nov 2022RentedRenewal
AED 28,000/yr12 months · AED 62 per sqft
5 Nov 2021RentedNew contract
AED 26,851/yr12 months · AED 59 per sqft
1 Jul 2021RentedNew contract
AED 25,000/yr12 months · AED 55 per sqft
3 Apr 2020RentedNew contract
AED 30,000/yr13 months · AED 66 per sqft
8 Jan 2020Sold by developerReady
AED 450,000AED 992 per sqft

Source: Dubai Land Department. Updated 7 November 2023.

Key facts

Type
Studio apartment
Size
453 sqft
Floor
3rd of 4
Parking
G-296
Developer
Almizan Property Developer
Completed
2019
Service charge
AED 5,900 /yr
Last sold
AED 450K · January 2020
Building
The Wings A

About 316, The Wings A

316 is a studio of 453 sqft on the 3rd 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 992 per sqft, in line with 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 7 November 2023, is AED 29,500 a year: a gross yield of 6.6% on the 2020 price, before the service charge of about AED 5,900 a year.

Sales and rents for 316 over time

Rents
Unit 316, 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, April 2020: AED 30,000 a yearNew contract, July 2021: AED 25,000 a yearNew contract, November 2021: AED 26,851 a yearRenewal, November 2022: AED 28,000 a yearRenewal, November 2023: AED 29,500 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 316 sits

All 134 studios →

316 last sold in January 2020 at AED 992 per sqft, in line with what studios in The Wings A were fetching at the time (AED 979). 316's AED 29,500 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 3rd floor

All 134 units in The Wings A
Value
301StudioAED 450K · Jan 2020
302StudioAED 450K · Jan 2020
303StudioAED 450K · Jan 2020
304StudioAED 450K · Jan 2020
305StudioAED 450K · Jan 2020
306StudioAED 450K · Jan 2020
307StudioAED 450K · Jan 2020
1–7 of 33

316, The Wings A in numbers

  • Sold once: by Almizan Property Developer on 8 January 2020 for AED 450,000, or AED 992 per sqft.
  • Rented since April 2020 on 5 Ejari contracts. The rent fell from AED 30,000 to AED 25,000 in 2021 and recovered to AED 29,500 by November 2023.
  • At AED 29,500 a year the gross yield on the 2020 price is 6.6%, before a service charge of about AED 5,900 a year (AED 13.00 per sqft).

Source: Dubai Land Department. Updated 7 November 2023.

Questions about 316, The Wings A

What did unit 316 last sell for?

AED 450,000 on 8 January 2020, sold by the developer: AED 992 per sqft for 453 sqft. It is the only registered sale of the unit.

What is the rent for unit 316?

AED 29,500 a year on the contract renewed on 7 November 2023. The previous contract, from November 2022, was AED 28,000; the unit has been rented since April 2020.

How big is unit 316?

453 sqft (42.1 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2019.

What is unit 316 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 316, 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 →