1-bed · 749 sqftWest Wharf Tower, Business Bay · 4th floor · completed 2013

409, West Wharf Tower

Sold prices and rental history: sold 3 times, last in July 2018, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 1 December 2018
Last soldAED 870K8 July 2018
Current rentAED 72K /yr1 December 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, West Wharf Tower

What is 409 worth today?

Last sold for AED 870,000 in 2018

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Dec 2018RentedNew contract
AED 72,000/yr12 months · AED 96 per sqft
8 Jul 2018SoldReady
AED 870,000AED 1,161 per sqft
15 Nov 2017RentedRenewal
AED 81,000/yr12 months · AED 108 per sqft
15 Nov 2016RentedNew contract
AED 81,000/yr12 months · AED 108 per sqft
1 Nov 2015RentedNew contract
AED 88,200/yr12 months · AED 118 per sqft
26 Feb 2015SoldReady
AED 1,191,755AED 1,591 per sqft
22 Jun 2009Sold by developerOff-plan
AED 1,191,755AED 1,591 per sqft

Source: Dubai Land Department. Updated 1 December 2018.

Key facts

Type
1-bed apartment
Size
749 sqft
Floor
4th of 17
Parking
B3-45
Developer
Capital Trust Gulf
Completed
2013
Service charge
AED 16,200 /yr
Last sold
AED 870K · July 2018

About 409, West Wharf Tower

409 is a one-bedroom apartment of 749 sqft on the 4th floor of West Wharf Tower, a 17-storey tower in Business Bay completed in 2013 by Capital Trust Gulf. It last sold on 8 July 2018 for AED 870,000, or AED 1,161 per sqft, in line with the AED 1,161 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 1 December 2018, is AED 72,000 a year: a gross yield of 8.3% on the 2018 price, before the service charge of about AED 16,200 a year.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical one-bed in West Wharf Tower
1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,354,188; 2014 AED 1,345,100; 2015 AED 1,417,825; 2016 AED 1,313,600; 2021 AED 700,000; 2022 AED 932,500; 2023 AED 900,000; 2024 AED 1,100,000; 2025 AED 1,370,000; 2026 AED 1,476,000Sold by developer, June 2009: AED 1,191,755 (AED 1,591 per sqft)Sold, February 2015: AED 1,191,755 (AED 1,591 per sqft)Sold, July 2018: AED 870,000 (AED 1,161 per sqft)

409 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 409, each contractTypical one-bed in West Wharf Tower
60K80K100K20152018202120242027Typical rent by year: 2015 AED 95,000; 2016 AED 94,373; 2017 AED 88,500; 2018 AED 80,000; 2019 AED 76,000; 2020 AED 60,000; 2021 AED 60,000; 2022 AED 63,500; 2023 AED 75,000; 2024 AED 90,000; 2025 AED 90,000; 2026 AED 90,000New contract, November 2015: AED 88,200 a yearNew contract, November 2016: AED 81,000 a yearRenewal, November 2017: AED 81,000 a yearNew contract, December 2018: AED 72,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in West Wharf Tower, and where 409 sits

All 40 1-beds →

409 last sold in July 2018 at AED 1,161 per sqft, in line with what one-beds in West Wharf Tower were fetching at the time (AED 1,161). Over the last 12 months one-beds sold for AED 1,450,000 to 1,700,000, around AED 1,664 per sqft, and rent for AED 67,000 to 115,000 a year. 409's AED 72,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Jul 202614,890
23 Jun 20261,450,000
23 Jun 20261,476,000
12 Feb 20261,700,000
4 1-bed sales in the last 12 months

West Wharf Tower

Building

111 apartments, studios to 5-bed over 17 floors in Business Bay, completed in 2013 by Capital Trust Gulf. 11 sold in the last 12 months.

Typical price per sqft
AED 1,587 Down 3.6%
Typical sale
AED 1.46M
Typical rent
AED 83K /yr
Typical yield
6.9%
West Wharf Tower, Business Bay: prices, sales and rents →

Other units on the 4th floor

All 111 units in West Wharf Tower
Value
4011-bedAED 1.05M · Jan 2025
4021-bedAED 755K · May 2023
4031-bedAED 1.62M · Jun 2009
404StudioAED 480K · Mar 2019
4051-bedAED 1.23M · Sep 2023
406StudioAED 917K · Dec 2024
407StudioAED 1.01M · Nov 2017
1–7 of 9

409, West Wharf Tower in numbers

  • Sold 3 times: first on 22 June 2009 for AED 1,191,755, last on 8 July 2018 for AED 870,000 (AED 1,161 per sqft).
  • Rented since November 2015 on 4 Ejari contracts, from AED 88,200 to AED 72,000 a year.
  • At AED 72,000 a year the gross yield on the 2018 price is 8.3%, before a service charge of about AED 16,200 a year (AED 21.62 per sqft).
  • One-beds in West Wharf Tower sold for AED 1,450,000–1,700,000 in the 12 months to November 2026; the building's median across all types is AED 1,587 per sqft.

Source: Dubai Land Department. Updated 1 December 2018.

Questions about 409, West Wharf Tower

What did unit 409 last sell for?

AED 870,000 on 8 July 2018: AED 1,161 per sqft for 749 sqft. The unit has 3 registered sales; the first was AED 1,191,755 in June 2009.

What is the rent for unit 409?

AED 72,000 a year on the contract signed on 1 December 2018. The previous contract, from November 2017, was AED 81,000; the unit has been rented since November 2015.

How big is unit 409?

749 sqft (69.6 sqm): a one-bedroom apartment on the 4th floor of a 17-storey tower completed in 2013.

What is unit 409 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in West Wharf Tower sold for AED 1,450,000 to 1,700,000 in the last 12 months, around AED 1,664 per sqft.

Selling 409? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 409, West Wharf Tower

Starts from the last sale price (AED 870K, 8 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 870,000
Deposit, UAE resident (20%)
AED 174,000
Deposit, non-resident (40%)
AED 348,000
Monthly over 25 years at 3.7%
AED 3,559

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