2-bed · 4,008 sqftDorchester Collection, Business Bay · 21st floor · completed 2022

R-22-02, Dorchester Collection

Sold prices and rental history: sold once, by the developer in September 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit R-22-02 · DLD and Ejari recordsUpdated 21 September 2021
Last soldAED 15M21 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for R-22-02, Dorchester Collection

What is R-22-02 worth today?

Last sold for AED 15,000,000 in 2021

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21 Sep 2021Sold by developerOff-plan
AED 15,000,000AED 3,742 per sqft

Source: Dubai Land Department. Updated 21 September 2021.

Key facts

Type
2-bed apartment
Size
4,008 sqft
Floor
21st of 29
Parking
3
Developer
Sky Palaces Real Estate Development
Completed
2022
Service charge
AED 57,400 /yr
Last sold
AED 15M · September 2021

About R-22-02, Dorchester Collection

R-22-02 is a two-bedroom apartment of 4,008 sqft on the 21st floor of Dorchester Collection, a 29-storey tower in Business Bay completed in 2022 by Sky Palaces Real Estate Development . The developer sold it on 21 September 2021 for AED 15,000,000, or AED 3,742 per sqft, in line with the AED 3,688 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for R-22-02 over time

Sales
Unit R-22-02, each saleTypical two-bed in Dorchester Collection
15M20M202120222023Typical sale price by year: 2021 AED 14,782,350; 2022 AED 20,750,000Sold by developer, September 2021: AED 15,000,000 (AED 3,742 per sqft)

R-22-02 has sold once; the dashed line is the two-bed median of each year in the building.

2-beds in Dorchester Collection, and where R-22-02 sits

All 10 2-beds →

R-22-02 last sold in September 2021 at AED 3,742 per sqft, in line with what two-beds in Dorchester Collection were fetching at the time (AED 3,688). Over the last 12 months two-beds sold for AED 22,500,000 to 26,500,000, around AED 6,106 per sqft, and rent for AED 1,200,000 to 2,200,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Jul 202622,500,000
16 Jan 202626,500,000
14 Oct 202532,000,000
22 Oct 202426,500,000
2 2-bed sales in the last 12 months

Dorchester Collection

Building

39 apartments, 1-bed to 5-bed over 29 floors in Business Bay, completed in 2022 by Sky Palaces Real Estate Development . 3 sold in the last 12 months.

Typical price per sqft
AED 6,553
Typical sale
AED 26.5M
Typical rent
AED 1.2M /yr
Typical yield
4.6%
Dorchester Collection, Business Bay: prices, sales and rents →

Other units on the 21st floor

All 39 units in Dorchester Collection
Value
R-22-014-bedAED 30.91M · Jan 2022
R-22-034-bedAED 39.25M · Aug 2022

R-22-02, Dorchester Collection in numbers

  • Sold once: by Sky Palaces Real Estate Development on 21 September 2021 for AED 15,000,000, or AED 3,742 per sqft.
  • Two-beds in Dorchester Collection sold for AED 22,500,000–26,500,000 in the 12 months to November 2026; the building's median across all types is AED 6,553 per sqft.

Source: Dubai Land Department. Updated 21 September 2021.

Questions about R-22-02, Dorchester Collection

What did unit R-22-02 last sell for?

AED 15,000,000 on 21 September 2021, sold by the developer: AED 3,742 per sqft for 4,008 sqft. It is the only registered sale of the unit.

How big is unit R-22-02?

4,008 sqft (372.4 sqm): a two-bedroom apartment on the 21st floor of a 29-storey tower completed in 2022.

What is unit R-22-02 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Dorchester Collection sold for AED 22,500,000 to 26,500,000 in the last 12 months, around AED 6,106 per sqft.

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Mortgage on R-22-02, Dorchester Collection

Starts from the last sale price (AED 15M, 21 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 15,000,000
Deposit, UAE resident (20%)
AED 3,000,000
Deposit, non-resident (40%)
AED 6,000,000
Monthly over 25 years at 3.7%
AED 61,370

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