2-bed · 1,186 sqftClayton Residency, Business Bay · 17th floor · completed 2011

1704, Clayton Residency

Sold prices and rental history: sold once, by the developer in January 2013, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1704 · DLD and Ejari recordsUpdated 17 November 2024
Last soldAED 1.32M21 January 2013
Current rentAED 100K /yr17 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1704, Clayton Residency

What is 1704 worth today?

Last sold for AED 1,320,435 in 2013

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17 Nov 2024RentedNew contract
AED 100,000/yr12 months · AED 84 per sqft
7 Nov 2022RentedRenewal
AED 74,700/yr12 months · AED 63 per sqft
7 Nov 2021RentedRenewal
AED 65,000/yr12 months · AED 55 per sqft
7 Nov 2020RentedNew contract
AED 61,000/yr12 months · AED 52 per sqft
1 Sep 2019RentedRenewal
AED 75,000/yr12 months · AED 63 per sqft
1 Sep 2018RentedRenewal
AED 80,000/yr12 months · AED 68 per sqft
1 Sep 2017RentedNew contract
AED 85,000/yr12 months · AED 72 per sqft
21 Jan 2013Sold by developerReady
AED 1,320,435AED 1,113 per sqft

Source: Dubai Land Department. Updated 17 November 2024.

Key facts

Type
2-bed apartment
Size
1,186 sqft
Floor
17th of 19
Parking
P2-60
Developer
Deyaar
Completed
2011
Service charge
AED 17,100 /yr
Last sold
AED 1.32M · January 2013

About 1704, Clayton Residency

1704 is a two-bedroom apartment of 1,186 sqft on the 17th floor of Clayton Residency, a 19-storey tower in Business Bay completed in 2011 by Deyaar. The developer sold it on 21 January 2013 for AED 1,320,435, or AED 1,113 per sqft, in line with the AED 1,113 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 17 November 2024, is AED 100,000 a year: a gross yield of 7.6% on the 2013 price, before the service charge of about AED 17,100 a year.

Sales and rents for 1704 over time

Sales
Unit 1704, each saleTypical two-bed in Clayton Residency
1.4M1.6M2009201320172021Typical sale price by year: 2009 AED 1,690,195; 2013 AED 1,459,164; 2014 AED 1,657,791; 2023 AED 1,500,000Sold by developer, January 2013: AED 1,320,435 (AED 1,113 per sqft)

1704 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1704, each contractTypical two-bed in Clayton Residency
75K100K2013201720212025Typical rent by year: 2013 AED 79,425; 2014 AED 90,840; 2015 AED 110,000; 2016 AED 110,000; 2017 AED 100,000; 2018 AED 83,500; 2019 AED 75,000; 2020 AED 68,000; 2021 AED 60,000; 2022 AED 70,000; 2023 AED 82,500; 2024 AED 97,476; 2025 AED 100,000; 2026 AED 108,750New contract, September 2017: AED 85,000 a yearRenewal, September 2018: AED 80,000 a yearRenewal, September 2019: AED 75,000 a yearNew contract, November 2020: AED 61,000 a yearRenewal, November 2021: AED 65,000 a yearRenewal, November 2022: AED 74,700 a yearNew contract, November 2024: AED 100,000 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 Clayton Residency, and where 1704 sits

All 20 2-beds →

1704 last sold in January 2013 at AED 1,113 per sqft, in line with what two-beds in Clayton Residency were fetching at the time (AED 1,113). Over the last 12 months two-beds sold for AED 1,600,000 to 2,100,000, around AED 1,636 per sqft, and rent for AED 80,000 to 130,000 a year. 1704's AED 100,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Jul 20261,600,000
9 Mar 20262,100,000
20 Mar 20251,525,000
25 Oct 20231,100,000
2 2-bed sales in the last 12 months

Clayton Residency

Building

163 apartments, 1-bed to 2-bed over 19 floors in Business Bay, completed in 2011 by Deyaar. 9 sold in the last 12 months.

Typical price per sqft
AED 1,236
Typical sale
AED 1M
Typical rent
AED 77K /yr
Typical yield
7.5%
Clayton Residency, Business Bay: prices, sales and rents →

Other units on the 17th floor

All 163 units in Clayton Residency
Value
17011-bedAED 685K · Jan 2021
17022-bedAED 2.1M · Oct 2014
17032-bedAED 1.67M · Dec 2014
17052-bedAED 1.5M · Feb 2014
17062-bedAED 1.48M · Dec 2013

1704, Clayton Residency in numbers

  • Sold once: by Deyaar on 21 January 2013 for AED 1,320,435, or AED 1,113 per sqft.
  • Rented since September 2017 on 7 Ejari contracts. The rent fell from AED 85,000 to AED 61,000 in 2020 and recovered to AED 100,000 by November 2024.
  • At AED 100,000 a year the gross yield on the 2013 price is 7.6%, before a service charge of about AED 17,100 a year (AED 14.44 per sqft).
  • Two-beds in Clayton Residency sold for AED 1,600,000–2,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,236 per sqft.

Source: Dubai Land Department. Updated 17 November 2024.

Questions about 1704, Clayton Residency

What did unit 1704 last sell for?

AED 1,320,435 on 21 January 2013, sold by the developer: AED 1,113 per sqft for 1,186 sqft. It is the only registered sale of the unit.

What is the rent for unit 1704?

AED 100,000 a year on the contract signed on 17 November 2024. The previous contract, from November 2022, was AED 74,700; the unit has been rented since September 2017.

How big is unit 1704?

1,186 sqft (110.2 sqm): a two-bedroom apartment on the 17th floor of a 19-storey tower completed in 2011.

What is unit 1704 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Clayton Residency sold for AED 1,600,000 to 2,100,000 in the last 12 months, around AED 1,636 per sqft.

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Mortgage on 1704, Clayton Residency

Starts from the last sale price (AED 1.32M, 21 January 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,320,435
Deposit, UAE resident (20%)
AED 264,087
Deposit, non-resident (40%)
AED 528,174
Monthly over 25 years at 3.7%
AED 5,402

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