2-bed · 1,369 sqftArtesia Tower B, Damac Hills · completed 2021

B-1309, Artesia Tower B

Sold prices and rental history: sold once, by the developer in November 2014, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B-1309 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 1.96M13 November 2014
Current rentAED 120K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B-1309, Artesia Tower B

What is B-1309 worth today?

Last sold for AED 1,955,717 in 2014

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1 Oct 2024RentedNew contract
AED 119,678/yr12 months · AED 88 per sqft
10 Jul 2023RentedNew contract
AED 120,000/yr6 months · AED 88 per sqft
13 Nov 2014Sold by developerOff-plan
AED 1,955,717AED 1,428 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
2-bed hotel apartment
Size
1,369 sqft
Parking
P1-225
Developer
DAMAC
Completed
2021
Service charge
AED 30,100 /yr
Last sold
AED 1.96M · November 2014

About B-1309, Artesia Tower B

B-1309 is a two-bedroom hotel apartment of 1,369 sqft of Artesia Tower B, a 23-storey tower in Damac Hills completed in 2021 by DAMAC. The developer sold it on 13 November 2014 for AED 1,955,717, or AED 1,428 per sqft, in line with the AED 1,471 two-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 October 2024, is AED 119,678 a year: a gross yield of 6.1% on the 2014 price, before the service charge of about AED 30,100 a year.

Sales and rents for B-1309 over time

Sales
Unit B-1309, each saleTypical two-bed in Artesia Tower B
1.5M2M2014201820222026Typical sale price by year: 2014 AED 1,824,233; 2019 AED 1,644,000; 2020 AED 1,155,555; 2021 AED 1,429,000; 2022 AED 1,344,000; 2023 AED 1,250,000; 2024 AED 1,475,000; 2025 AED 1,600,000; 2026 AED 1,527,500Sold by developer, November 2014: AED 1,955,717 (AED 1,428 per sqft)

B-1309 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit B-1309, each contractTypical two-bed in Artesia Tower B
100K120K2021202320252027Typical rent by year: 2021 AED 95,000; 2022 AED 90,000; 2023 AED 105,000; 2024 AED 119,839; 2025 AED 115,000; 2026 AED 100,000New contract, July 2023: AED 120,000 a yearNew contract, October 2024: AED 119,678 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 Artesia Tower B, and where B-1309 sits

All 58 2-beds →

B-1309 last sold in November 2014 at AED 1,428 per sqft, in line with what two-beds in Artesia Tower B were fetching at the time (AED 1,471). Over the last 12 months two-beds sold for AED 1,350,000 to 1,680,000, around AED 1,169 per sqft, and rent for AED 90,000 to 138,000 a year. B-1309's AED 119,678 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Sep 20261,500,000
8 Sep 20261,555,000
2 Jul 20261,350,000
27 Feb 20261,680,000
5 2-bed sales in the last 12 months

Artesia Tower B

Building

30 apartments, studios to 3-bed over 23 floors in Damac Hills, completed in 2021 by DAMAC. 14 sold in the last 12 months.

Typical price per sqft
AED 1,201 Level
Typical sale
AED 1.05M
Typical rent
AED 70K /yr
Typical yield
7.6%
Artesia Tower B, Damac Hills: prices, sales and rents →

B-1309, Artesia Tower B in numbers

  • Sold once: by DAMAC on 13 November 2014 for AED 1,955,717, or AED 1,428 per sqft.
  • Rented since July 2023 on 2 Ejari contracts, from AED 120,000 to AED 119,678 a year.
  • At AED 119,678 a year the gross yield on the 2014 price is 6.1%, before a service charge of about AED 30,100 a year (AED 21.96 per sqft).
  • Two-beds in Artesia Tower B sold for AED 1,350,000–1,680,000 in the 12 months to November 2026; the building's median across all types is AED 1,201 per sqft.

Source: Dubai Land Department. Updated 1 October 2024.

Questions about B-1309, Artesia Tower B

What did unit B-1309 last sell for?

AED 1,955,717 on 13 November 2014, sold by the developer: AED 1,428 per sqft for 1,369 sqft. It is the only registered sale of the unit.

What is the rent for unit B-1309?

AED 119,678 a year on the contract signed on 1 October 2024. The previous contract, from July 2023, was AED 120,000.

How big is unit B-1309?

1,369 sqft (127.2 sqm): a two-bedroom hotel apartment of a 23-storey tower completed in 2021.

What is unit B-1309 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Artesia Tower B sold for AED 1,350,000 to 1,680,000 in the last 12 months, around AED 1,169 per sqft.

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Mortgage on B-1309, Artesia Tower B

Starts from the last sale price (AED 1.96M, 13 November 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,955,717
Deposit, UAE resident (20%)
AED 391,143
Deposit, non-resident (40%)
AED 782,287
Monthly over 25 years at 3.7%
AED 8,001

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