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2-bed · 1,651 sqftVincitore Palacio, Arjan · 1st floor · completed 2017

116, Vincitore Palacio

Sold prices and rental history: sold twice, last in June 2023, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 6 June 2023
Last soldAED 1.2M6 June 2023
Current rentAED 70K /yr1 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 116, Vincitore Palacio

What is 116 worth today?

Last sold for AED 1,200,000 in 2023

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6 Jun 2023SoldReady
AED 1,200,000AED 726 per sqft
1 Jun 2023Sold by developerReady
AED 1,568,726AED 949 per sqft
1 Sep 2020RentedNew contract
AED 70,000/yr12 months · AED 42 per sqft
2 Aug 2019RentedRenewal
AED 85,000/yr12 months · AED 51 per sqft
2 Aug 2018RentedNew contract
AED 95,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 6 June 2023.

Key facts

Type
2-bed apartment
Size
1,651 sqft
Floor
1st of 4
Parking
G16
Developer
Vincitore Real Estate Development
Completed
2017
Service charge
AED 24,500 /yr
Last sold
AED 1.2M · June 2023
Building
Vincitore Palacio

About 116, Vincitore Palacio

116 is a two-bedroom apartment of 1,651 sqft on the 1st floor of Vincitore Palacio, a 4-storey tower in Arjan completed in 2017 by Vincitore Real Estate Development . It last sold on 6 June 2023 for AED 1,200,000, or AED 726 per sqft.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 1 September 2020, is AED 70,000 a year: a gross yield of 5.8% on the 2023 price, before the service charge of about AED 24,500 a year.

Sales and rents for 116 over time

Sales
Unit 116, each saleTypical two-bed in Vincitore Palacio
1.2M1.4M1.6M20162018202020222024Typical sale price by year: 2016 AED 1,226,075; 2017 AED 1,384,871; 2023 AED 1,200,000Sold, June 2023: AED 1,200,000 (AED 726 per sqft)Sold by developer, June 2023: AED 1,568,726 (AED 949 per sqft)

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

Rents
Unit 116, each contractTypical two-bed in Vincitore Palacio
80K100K2018202120242027Typical rent by year: 2018 AED 90,000; 2019 AED 84,000; 2020 AED 70,000; 2021 AED 70,000; 2022 AED 73,500; 2023 AED 77,000; 2024 AED 76,578; 2025 AED 105,000; 2026 AED 105,000New contract, August 2018: AED 95,000 a yearRenewal, August 2019: AED 85,000 a yearNew contract, September 2020: AED 70,000 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 Vincitore Palacio, and where 116 sits

All 19 2-beds →

Over the last 12 months two-beds sold for AED 2,000,000, around AED 1,381 per sqft, and rent for AED 84,000 to 130,000 a year. 116's AED 70,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Dec 20252,000,000
27 May 20252,000,000
26 Jun 20231,050,000
29 Nov 20211,400,000
1 2-bed sale in the last 12 months

Vincitore Palacio

Building

175 apartments, studios to 2-bed over 4 floors in Arjan, completed in 2017 by Vincitore Real Estate Development . 10 sold in the last 12 months.

Typical price per sqft
AED 1,286 Up 7.5%
Typical sale
AED 638K
Typical rent
AED 54K /yr
Typical yield
7.1%
Vincitore Palacio, Arjan: prices, sales and rents →

Other units on the 1st floor

All 175 units in Vincitore Palacio
Value
1012-bedNo registered sale
1021-bedAED 884K · Oct 2016
1031-bedAED 860K · Dec 2023
1041-bedAED 1.04M · Jul 2017
1051-bedAED 1.15M · Mar 2017
1061-bedNo registered sale
107StudioAED 580K · Dec 2024
1–7 of 42

116, Vincitore Palacio in numbers

  • Sold twice: first on 1 June 2023 for AED 1,568,726, last on 6 June 2023 for AED 1,200,000 (AED 726 per sqft).
  • Rented since August 2018 on 3 Ejari contracts, from AED 95,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2023 price is 5.8%, before a service charge of about AED 24,500 a year (AED 14.82 per sqft).
  • Two-beds in Vincitore Palacio sold for AED 2,000,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,286 per sqft.

Source: Dubai Land Department. Updated 6 June 2023.

Questions about 116, Vincitore Palacio

What did unit 116 last sell for?

AED 1,200,000 on 6 June 2023: AED 726 per sqft for 1,651 sqft. The unit has 2 registered sales; the first was AED 1,568,726 in June 2023.

What is the rent for unit 116?

AED 70,000 a year on the contract signed on 1 September 2020. The previous contract, from August 2019, was AED 85,000; the unit has been rented since August 2018.

How big is unit 116?

1,651 sqft (153.4 sqm): a two-bedroom apartment on the 1st floor of a 4-storey tower completed in 2017.

What is unit 116 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Vincitore Palacio sold for AED 2,000,000 to 2,000,000 in the last 12 months, around AED 1,381 per sqft.

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Mortgage on 116, Vincitore Palacio

Starts from the last sale price (AED 1.2M, 6 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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