2-bed · 1,264 sqftThe Wings B, Arjan · 2nd floor · completed 2019

216, The Wings B

Sold prices and rental history: sold once, by the developer in July 2020, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 216 · DLD and Ejari recordsUpdated 23 December 2024
Last soldAED 950K28 July 2020
Current rentAED 115K /yr23 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 216, The Wings B

What is 216 worth today?

Last sold for AED 950,000 in 2020

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23 Dec 2024RentedNew contract
AED 114,692/yr12 months · AED 91 per sqft
23 Dec 2024RentedNew contract
AED 114,692/yr12 months · AED 91 per sqft
28 Jul 2020Sold by developerReady
AED 950,000AED 751 per sqft

Source: Dubai Land Department. Updated 23 December 2024.

Key facts

Type
2-bed apartment
Size
1,264 sqft
Floor
2nd of 4
Parking
G-55
Developer
Almizan Property Developer
Completed
2019
Service charge
AED 16,400 /yr
Last sold
AED 950K · July 2020
Building
The Wings B

About 216, The Wings B

216 is a two-bedroom apartment of 1,264 sqft on the 2nd floor of The Wings B, a 4-storey tower in Arjan completed in 2019 by Almizan Property Developer . The developer sold it on 28 July 2020 for AED 950,000, or AED 751 per sqft, 11% below the AED 847 two-beds in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 23 December 2024, is AED 114,692 a year: a gross yield of 12.1% on the 2020 price, before the service charge of about AED 16,400 a year.

Sales and rents for 216 over time

Sales
Unit 216, each saleTypical two-bed in The Wings B
1M1.2M2020202220242026Typical sale price by year: 2020 AED 970,000; 2023 AED 1,100,000; 2024 AED 1,240,071; 2025 AED 1,318,500Sold by developer, July 2020: AED 950,000 (AED 751 per sqft)

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

Rents
Unit 216, each contractTypical two-bed in The Wings B
50K100K2020202220242026Typical rent by year: 2020 AED 88,000; 2021 AED 53,500; 2022 AED 70,500; 2023 AED 73,500; 2024 AED 100,000; 2025 AED 100,000; 2026 AED 100,000New contract, December 2024: AED 114,692 a yearNew contract, December 2024: AED 114,692 a year

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

2-beds in The Wings B, and where 216 sits

All 38 2-beds →

216 last sold in July 2020 at AED 751 per sqft, 11% below what two-beds in The Wings B were fetching at the time (AED 847). Over the last 12 months two-beds sold for AED 1,300,000 to 1,390,000, around AED 1,121 per sqft, and rent for AED 83,000 to 300,000 a year. 216's AED 114,692 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Mar 20261,390,000
22 Jan 20261,300,000
12 Nov 20251,300,000
4 Sep 20251,600,000
3 2-bed sales in the last 12 months

The Wings B

Building

80 apartments, 1-bed to 3-bed over 4 floors in Arjan, completed in 2019 by Almizan Property Developer . 7 sold in the last 12 months.

Typical price per sqft
AED 1,119
Typical sale
AED 1.3M
Typical rent
AED 100K /yr
Typical yield
7.0%
The Wings B, Arjan: prices, sales and rents →

Other units on the 2nd floor

All 80 units in The Wings B
Value
2012-bedAED 1.05M · Nov 2023
2021-bedAED 675K · Aug 2020
2032-bedAED 1.13M · Dec 2023
2043-bedAED 1.12M · Aug 2020
2052-bedAED 1.2M · Apr 2020
2063-bedAED 1.84M · Sep 2024
2073-bedAED 1.1M · Dec 2020
1–7 of 19

216, The Wings B in numbers

  • Sold once: by Almizan Property Developer on 28 July 2020 for AED 950,000, or AED 751 per sqft.
  • Rented since December 2024 on 2 Ejari contracts, at AED 114,692 a year.
  • At AED 114,692 a year the gross yield on the 2020 price is 12.1%, before a service charge of about AED 16,400 a year (AED 13.00 per sqft).
  • Two-beds in The Wings B sold for AED 1,300,000–1,390,000 in the 12 months to November 2026; the building's median across all types is AED 1,119 per sqft.

Source: Dubai Land Department. Updated 23 December 2024.

Questions about 216, The Wings B

What did unit 216 last sell for?

AED 950,000 on 28 July 2020, sold by the developer: AED 751 per sqft for 1,264 sqft. It is the only registered sale of the unit.

What is the rent for unit 216?

AED 114,692 a year on the contract signed on 23 December 2024. The previous contract, from December 2024, was AED 114,692.

How big is unit 216?

1,264 sqft (117.4 sqm): a two-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2019.

What is unit 216 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Wings B sold for AED 1,300,000 to 1,390,000 in the last 12 months, around AED 1,121 per sqft.

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Mortgage on 216, The Wings B

Starts from the last sale price (AED 950K, 28 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

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