2-bed · 1,702 sqftArtesia Tower B, Damac Hills · completed 2021

B-309, Artesia Tower B

Sold prices and rental history: sold once, by the developer in August 2022, and rented once, from August 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B-309 · DLD and Ejari recordsUpdated 24 August 2024
Last soldAED 1.45M16 August 2022
Current rentAED 125K /yr24 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B-309, Artesia Tower B

What is B-309 worth today?

Last sold for AED 1,454,320 in 2022

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24 Aug 2024RentedNew contract
AED 125,000/yr12 months · AED 73 per sqft
16 Aug 2022Sold by developerReady
AED 1,454,320AED 854 per sqft

Source: Dubai Land Department. Updated 24 August 2024.

Key facts

Type
2-bed apartment
Size
1,702 sqft
Parking
P1-358
Developer
DAMAC
Completed
2021
Service charge
AED 37,400 /yr
Last sold
AED 1.45M · August 2022

About B-309, Artesia Tower B

B-309 is a two-bedroom apartment of 1,702 sqft of Artesia Tower B, a 23-storey tower in Damac Hills completed in 2021 by DAMAC. The developer sold it on 16 August 2022 for AED 1,454,320, or AED 854 per sqft, 15% below the AED 1,004 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 24 August 2024. The current contract, signed on 24 August 2024, is AED 125,000 a year: a gross yield of 8.6% on the 2022 price, before the service charge of about AED 37,400 a year.

Sales and rents for B-309 over time

Sales
Unit B-309, each saleTypical two-bed in Artesia Tower B
1.5M2014201820222026Typical 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, August 2022: AED 1,454,320 (AED 854 per sqft)

B-309 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit B-309, 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, August 2024: AED 125,000 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 Artesia Tower B, and where B-309 sits

All 58 2-beds →

B-309 last sold in August 2022 at AED 854 per sqft, 15% below what two-beds in Artesia Tower B were fetching at the time (AED 1,004). 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-309's AED 125,000 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-309, Artesia Tower B in numbers

  • Sold once: by DAMAC on 16 August 2022 for AED 1,454,320, or AED 854 per sqft.
  • Rented since August 2024 on one Ejari contract, at AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2022 price is 8.6%, before a service charge of about AED 37,400 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 24 August 2024.

Questions about B-309, Artesia Tower B

What did unit B-309 last sell for?

AED 1,454,320 on 16 August 2022, sold by the developer: AED 854 per sqft for 1,702 sqft. It is the only registered sale of the unit.

What is the rent for unit B-309?

AED 125,000 a year on the contract signed on 24 August 2024.

How big is unit B-309?

1,702 sqft (158.1 sqm): a two-bedroom apartment of a 23-storey tower completed in 2021.

What is unit B-309 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-309, Artesia Tower B

Starts from the last sale price (AED 1.45M, 16 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,454,320
Deposit, UAE resident (20%)
AED 290,864
Deposit, non-resident (40%)
AED 581,728
Monthly over 25 years at 3.7%
AED 5,950

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