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2-bed · 1,331 sqftNoura Tower, Business Bay · 44th floor · completed 2022

4406, Noura Tower

Sold prices and rental history: sold once, by the developer in November 2020, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4406 · DLD and Ejari recordsUpdated 30 November 2020
Last soldAED 1.5M30 November 2020
Current rentAED 110K /yr15 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4406, Noura Tower

What is 4406 worth today?

Last sold for AED 1,500,000 in 2020

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30 Nov 2020Sold by developerReady
AED 1,500,000AED 1,127 per sqft
15 Jan 2020RentedRenewal
AED 110,000/yr12 months · AED 83 per sqft
15 Jan 2019RentedNew contract
AED 110,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 30 November 2020.

Key facts

Type
2-bed apartment
Size
1,331 sqft
Floor
44th of 68
Parking
L3-210
Developer
Al Habtoor City Real Estate Development
Completed
2022
Service charge
AED 20,700 /yr
Last sold
AED 1.5M · November 2020
Building
Noura Tower

About 4406, Noura Tower

4406 is a two-bedroom apartment of 1,331 sqft on the 44th floor of Noura Tower, a 68-storey tower in Business Bay completed in 2022 by Al Habtoor City Real Estate Development. The developer sold it on 30 November 2020 for AED 1,500,000, or AED 1,127 per sqft, 10% below the AED 1,249 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, renewed on 15 January 2020, is AED 110,000 a year: a gross yield of 7.3% on the 2020 price, before the service charge of about AED 20,700 a year.

Sales and rents for 4406 over time

Sales
Unit 4406, each saleTypical two-bed in Noura Tower
2M3M2016201920222025Typical sale price by year: 2016 AED 3,452,195; 2017 AED 2,646,271; 2018 AED 2,215,873; 2019 AED 2,100,000; 2020 AED 1,813,500; 2021 AED 1,698,013; 2022 AED 1,661,792; 2023 AED 2,290,000; 2024 AED 2,350,000; 2025 AED 2,400,000; 2026 AED 2,462,500Sold by developer, November 2020: AED 1,500,000 (AED 1,127 per sqft)

4406 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4406, each contractTypical two-bed in Noura Tower
100K150K2018202120242027Typical rent by year: 2018 AED 110,000; 2019 AED 105,000; 2020 AED 95,000; 2021 AED 92,250; 2022 AED 114,000; 2023 AED 130,000; 2024 AED 140,000; 2025 AED 150,000; 2026 AED 145,000New contract, January 2019: AED 110,000 a yearRenewal, January 2020: AED 110,000 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 Noura Tower, and where 4406 sits

All 276 2-beds →

4406 last sold in November 2020 at AED 1,127 per sqft, 10% below what two-beds in Noura Tower were fetching at the time (AED 1,249). Over the last 12 months two-beds sold for AED 1,893,880 to 2,750,000, around AED 1,654 per sqft, and rent for AED 100,000 to 190,000 a year. 4406's AED 110,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Nov 20262,100,000
20 Aug 20262,425,000
19 Aug 20262,180,000
20 Jul 20262,500,000
15 2-bed sales in the last 12 months

Noura Tower

Building

544 apartments, 1-bed to 6-bed over 68 floors in Business Bay, completed in 2022 by Al Habtoor City Real Estate Development. 42 sold in the last 12 months.

Typical price per sqft
AED 1,824 Up 2.1%
Typical sale
AED 2.31M
Typical rent
AED 140K /yr
Typical yield
5.8%
Noura Tower, Business Bay: prices, sales and rents →

Other units on the 44th floor

All 544 units in Noura Tower
Value
44013-bedAED 2.8M · Apr 2024
44023-bedAED 2.5M · Sep 2022
44033-bedAED 5.31M · Aug 2016
44043-bedAED 3.55M · Oct 2019
44052-bedAED 2M · Aug 2022
44072-bedAED 2.55M · Nov 2023
44082-bedAED 1.51M · Aug 2021

4406, Noura Tower in numbers

  • Sold once: by Al Habtoor City Real Estate Development on 30 November 2020 for AED 1,500,000, or AED 1,127 per sqft.
  • Rented since January 2019 on 2 Ejari contracts, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2020 price is 7.3%, before a service charge of about AED 20,700 a year (AED 15.53 per sqft).
  • Two-beds in Noura Tower sold for AED 1,893,880–2,750,000 in the 12 months to November 2026; the building's median across all types is AED 1,824 per sqft.

Source: Dubai Land Department. Updated 30 November 2020.

Questions about 4406, Noura Tower

What did unit 4406 last sell for?

AED 1,500,000 on 30 November 2020, sold by the developer: AED 1,127 per sqft for 1,331 sqft. It is the only registered sale of the unit.

What is the rent for unit 4406?

AED 110,000 a year on the contract renewed on 15 January 2020. The previous contract, from January 2019, was AED 110,000.

How big is unit 4406?

1,331 sqft (123.7 sqm): a two-bedroom apartment on the 44th floor of a 68-storey tower completed in 2022.

What is unit 4406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Noura Tower sold for AED 1,893,880 to 2,750,000 in the last 12 months, around AED 1,654 per sqft.

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Mortgage on 4406, Noura Tower

Starts from the last sale price (AED 1.5M, 30 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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