2-bed · 2,267 sqftCity Walk Residential Building 1, City Walk · 4th floor · completed 2017

401, City Walk Residential Building 1

Sold prices and rental history: sold 3 times, last in November 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 14 November 2023
Last soldAED 4.2M14 November 2023
Current rentAED 170K /yr6 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, City Walk Residential Building 1

What is 401 worth today?

Last sold for AED 4,200,000 in 2023

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14 Nov 2023SoldReady
AED 4,200,000AED 1,852 per sqft
6 Dec 2022RentedNew contract
AED 170,000/yr12 months · AED 75 per sqft
23 Nov 2022SoldReady
AED 3,100,370AED 1,367 per sqft
6 Dec 2020RentedNew contract
AED 170,000/yr12 months · AED 75 per sqft
6 Dec 2019RentedNew contract
AED 200,000/yr12 months · AED 88 per sqft
11 Dec 2018RentedNew contract
AED 218,000/yr12 months · AED 96 per sqft
27 Dec 2016Sold by developerOff-plan
AED 3,921,000AED 1,729 per sqft

Source: Dubai Land Department. Updated 14 November 2023.

Key facts

Type
2-bed apartment
Size
2,267 sqft
Floor
4th of 6
Parking
B-216, B-217
Developer
Meraas
Completed
2017
Service charge
AED 49,800 /yr
Last sold
AED 4.2M · November 2023

About 401, City Walk Residential Building 1

401 is a two-bedroom apartment of 2,267 sqft on the 4th floor of City Walk Residential Building 1, a 6-storey tower in City Walk completed in 2017 by Meraas. It last sold on 14 November 2023 for AED 4,200,000, or AED 1,852 per sqft, 11% above the AED 1,666 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 6 December 2022, is AED 170,000 a year: a gross yield of 4.0% on the 2023 price, before the service charge of about AED 49,800 a year.

Sales and rents for 401 over time

Sales
Unit 401, each saleTypical two-bed in City Walk Residential Building 1
4M6M2016201920222025Typical sale price by year: 2016 AED 3,037,000; 2022 AED 2,880,000; 2023 AED 3,150,000; 2024 AED 5,700,000; 2025 AED 5,087,500Sold by developer, December 2016: AED 3,921,000 (AED 1,729 per sqft)Sold, November 2022: AED 3,100,370 (AED 1,367 per sqft)Sold, November 2023: AED 4,200,000 (AED 1,852 per sqft)

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

Rents
Unit 401, each contractTypical two-bed in City Walk Residential Building 1
200K300K2018202120242027Typical rent by year: 2019 AED 184,000; 2020 AED 175,000; 2021 AED 190,000; 2022 AED 185,000; 2023 AED 275,000; 2024 AED 314,000; 2025 AED 265,000; 2026 AED 267,500New contract, December 2018: AED 218,000 a yearNew contract, December 2019: AED 200,000 a yearNew contract, December 2020: AED 170,000 a yearNew contract, December 2022: AED 170,000 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 City Walk Residential Building 1, and where 401 sits

All 33 2-beds →

401 last sold in November 2023 at AED 1,852 per sqft, 11% above what two-beds in City Walk Residential Building 1 were fetching at the time (AED 1,666). Over the last 12 months two-beds sold for AED 5,600,000, around AED 2,400 per sqft, and rent for AED 85,000 to 450,000 a year. 401's AED 170,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Nov 20255,600,000
23 Oct 20254,288,500
8 Sep 20255,950,000
24 Feb 20254,575,000
1 2-bed sale in the last 12 months

City Walk Residential Building 1

Building

64 apartments, 1-bed to 4-bed over 6 floors in City Walk, completed in 2017 by Meraas. 2 sold in the last 12 months.

Typical price per sqft
AED 2,318
Typical sale
AED 4.1M
Typical rent
AED 300K /yr
Typical yield
6.8%
City Walk Residential Building 1, City Walk: prices, sales and rents →
Value
4021-bedAED 2.7M · May 2023
4031-bedAED 1.94M · Dec 2021
4042-bedAED 3.2M · Jun 2022
4052-bedAED 5.8M · Jan 2024
4064-bedAED 10.22M · May 2023
4073-bedAED 7.8M · Sep 2024
4082-bedAED 2.7M · Nov 2020
1–7 of 10

401, City Walk Residential Building 1 in numbers

  • Sold 3 times: first on 27 December 2016 for AED 3,921,000, last on 14 November 2023 for AED 4,200,000 (AED 1,852 per sqft).
  • Rented since December 2018 on 4 Ejari contracts, from AED 218,000 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2023 price is 4.0%, before a service charge of about AED 49,800 a year (AED 21.95 per sqft).
  • Two-beds in City Walk Residential Building 1 sold for AED 5,600,000–5,600,000 in the 12 months to November 2026; the building's median across all types is AED 2,318 per sqft.

Source: Dubai Land Department. Updated 14 November 2023.

Questions about 401, City Walk Residential Building 1

What did unit 401 last sell for?

AED 4,200,000 on 14 November 2023: AED 1,852 per sqft for 2,267 sqft. The unit has 3 registered sales; the first was AED 3,921,000 in December 2016.

What is the rent for unit 401?

AED 170,000 a year on the contract signed on 6 December 2022. The previous contract, from December 2020, was AED 170,000; the unit has been rented since December 2018.

How big is unit 401?

2,267 sqft (210.6 sqm): a two-bedroom apartment on the 4th floor of a 6-storey tower completed in 2017.

What is unit 401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in City Walk Residential Building 1 sold for AED 5,600,000 to 5,600,000 in the last 12 months, around AED 2,400 per sqft.

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Mortgage on 401, City Walk Residential Building 1

Starts from the last sale price (AED 4.2M, 14 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,200,000
Deposit, UAE resident (20%)
AED 840,000
Deposit, non-resident (40%)
AED 1,680,000
Monthly over 25 years at 3.7%
AED 17,184

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