2-bed · 5,046 sqftVolante, Business Bay · 27th floor · completed 2017

2701, Volante

Sold prices and rental history: sold twice, last in March 2022, and rented once, from August 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2701 · DLD and Ejari recordsUpdated 24 March 2022
Last soldAED 22.6M24 March 2022
Current rentAED 1M /yr1 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2701, Volante

What is 2701 worth today?

Last sold for AED 22,600,000 in 2022

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24 Mar 2022SoldReady
AED 22,600,000AED 4,479 per sqft
16 Feb 2021Sold by developerReady
AED 15,600,000AED 3,091 per sqft
1 Aug 2020RentedNew contract
AED 1,000,000/yr12 months · AED 198 per sqft

Source: Dubai Land Department. Updated 24 March 2022.

Key facts

Type
2-bed apartment
Size
5,046 sqft
Floor
27th of 34
Parking
L2-15,L2-16
Developer
XV.A05.019
Completed
2017
Service charge
AED 125,400 /yr
Last sold
AED 22.6M · March 2022
Building
Volante

About 2701, Volante

2701 is a two-bedroom apartment of 5,046 sqft on the 27th floor of Volante, a 34-storey tower in Business Bay completed in 2017 by XV.A05.019. It last sold on 24 March 2022 for AED 22,600,000, or AED 4,479 per sqft, 25% above the AED 3,577 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 August 2020. The current contract, signed on 1 August 2020, is AED 1,000,000 a year: a gross yield of 4.4% on the 2022 price, before the service charge of about AED 125,400 a year.

Sales and rents for 2701 over time

Sales
Unit 2701, each saleTypical two-bed in Volante
10M20M20172019202120232025Typical sale price by year: 2017 AED 10,000,000; 2020 AED 15,600,000; 2021 AED 16,746,400; 2024 AED 21,500,000Sold by developer, February 2021: AED 15,600,000 (AED 3,091 per sqft)Sold, March 2022: AED 22,600,000 (AED 4,479 per sqft)

2701 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2701, each contractTypical two-bed in Volante
800K1M1.2M2018202120242027Typical rent by year: 2018 AED 725,000; 2020 AED 950,000; 2021 AED 1,050,000; 2022 AED 885,000; 2023 AED 1,000,000; 2025 AED 1,150,000; 2026 AED 900,000New contract, August 2020: AED 1,000,000 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 Volante, and where 2701 sits

All 21 2-beds →

2701 last sold in March 2022 at AED 4,479 per sqft, 25% above what two-beds in Volante were fetching at the time (AED 3,577). 2701's AED 1,000,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 May 202524,100,000
7 Nov 202420,500,000
7 Nov 202422,500,000
30 May 202420,500,000
0 2-bed sales in the last 12 months

Volante

Building

45 apartments, 1-bed to 5-bed over 34 floors in Business Bay, completed in 2017 by XV.A05.019. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 900K /yr
Typical yield
Volante, Business Bay: prices, sales and rents →

Other units on the 27th floor

All 45 units in Volante
Value
27022-bedAED 22M · Dec 2022

2701, Volante in numbers

  • Sold twice: first on 16 February 2021 for AED 15,600,000, last on 24 March 2022 for AED 22,600,000 (AED 4,479 per sqft).
  • Rented since August 2020 on one Ejari contract, at AED 1,000,000 a year.
  • At AED 1,000,000 a year the gross yield on the 2022 price is 4.4%, before a service charge of about AED 125,400 a year (AED 24.86 per sqft).

Source: Dubai Land Department. Updated 24 March 2022.

Questions about 2701, Volante

What did unit 2701 last sell for?

AED 22,600,000 on 24 March 2022: AED 4,479 per sqft for 5,046 sqft. The unit has 2 registered sales; the first was AED 15,600,000 in February 2021.

What is the rent for unit 2701?

AED 1,000,000 a year on the contract signed on 1 August 2020.

How big is unit 2701?

5,046 sqft (468.8 sqm): a two-bedroom apartment on the 27th floor of a 34-storey tower completed in 2017.

What is unit 2701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 2701, Volante

Starts from the last sale price (AED 22.6M, 24 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 22,600,000
Deposit, UAE resident (20%)
AED 4,520,000
Deposit, non-resident (40%)
AED 9,040,000
Monthly over 25 years at 3.7%
AED 92,464

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