2-bed · 1,700 sqftOrchid B, Damac Hills · 4th floor · completed 2018

B401, Orchid B

Sold prices and rental history: sold once, by the developer in April 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B401 · DLD and Ejari recordsUpdated 7 April 2022
Last soldAED 1.38M7 April 2022
Current rentAED 83K /yr1 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B401, Orchid B

What is B401 worth today?

Last sold for AED 1,377,880 in 2022

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7 Apr 2022Sold by developerReady
AED 1,377,880AED 810 per sqft
1 Oct 2020RentedNew contract
AED 82,500/yr12 months · AED 49 per sqft
1 Sep 2019RentedNew contract
AED 99,768/yr13 months · AED 59 per sqft

Source: Dubai Land Department. Updated 7 April 2022.

Key facts

Type
2-bed apartment
Size
1,700 sqft
Floor
4th of 8
Parking
LG-32
Developer
DAMAC
Completed
2018
Service charge
AED 25,000 /yr
Last sold
AED 1.38M · April 2022
Building
Orchid B

About B401, Orchid B

B401 is a two-bedroom apartment of 1,700 sqft on the 4th floor of Orchid B, a 8-storey tower in Damac Hills completed in 2018 by DAMAC. The developer sold it on 7 April 2022 for AED 1,377,880, or AED 810 per sqft, in line with the AED 826 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 1 October 2020, is AED 82,500 a year: a gross yield of 6.0% on the 2022 price, before the service charge of about AED 25,000 a year.

Sales and rents for B401 over time

Sales
Unit B401, each saleTypical two-bed in Orchid B
1.3M1.35M1.4M2020202120222023Typical sale price by year: 2020 AED 1,415,675; 2021 AED 1,312,237; 2022 AED 1,376,440Sold by developer, April 2022: AED 1,377,880 (AED 810 per sqft)

B401 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit B401, each contractTypical two-bed in Orchid B
100K150K20192021202320252027Typical rent by year: 2019 AED 97,384; 2020 AED 93,500; 2021 AED 94,787; 2022 AED 100,000; 2023 AED 107,500; 2024 AED 150,000; 2025 AED 140,000; 2026 AED 135,000New contract, September 2019: AED 99,768 a yearNew contract, October 2020: AED 82,500 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 Orchid B, and where B401 sits

All 19 2-beds →

B401 last sold in April 2022 at AED 810 per sqft, in line with what two-beds in Orchid B were fetching at the time (AED 826). B401's AED 82,500 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
4 Jun 20252,350,000
16 Mar 20231,625,000
22 Dec 20222,002,000
16 Aug 20222,041,340
0 2-bed sales in the last 12 months

Orchid B

Building

84 apartments, studios to 3-bed over 8 floors in Damac Hills, completed in 2018 by DAMAC. 12 sold in the last 12 months.

Typical price per sqft
AED 1,143
Typical sale
AED 588K
Typical rent
AED 70K /yr
Typical yield
8.1%
Orchid B, Damac Hills: prices, sales and rents →

Other units on the 4th floor

All 84 units in Orchid B
Value
B402A2-bedAED 1.31M · Jan 2021
B402BStudioAED 420K · Aug 2024
B4031-bedAED 980K · Apr 2014
B404StudioAED 755K · Apr 2014
B405StudioAED 788K · Apr 2014
B406StudioAED 558K · Jan 2024
B4071-bedAED 625K · Aug 2021
1–7 of 12

B401, Orchid B in numbers

  • Sold once: by DAMAC on 7 April 2022 for AED 1,377,880, or AED 810 per sqft.
  • Rented since September 2019 on 2 Ejari contracts, from AED 99,768 to AED 82,500 a year.
  • At AED 82,500 a year the gross yield on the 2022 price is 6.0%, before a service charge of about AED 25,000 a year (AED 14.68 per sqft).

Source: Dubai Land Department. Updated 7 April 2022.

Questions about B401, Orchid B

What did unit B401 last sell for?

AED 1,377,880 on 7 April 2022, sold by the developer: AED 810 per sqft for 1,700 sqft. It is the only registered sale of the unit.

What is the rent for unit B401?

AED 82,500 a year on the contract signed on 1 October 2020. The previous contract, from September 2019, was AED 99,768.

How big is unit B401?

1,700 sqft (157.9 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower completed in 2018.

What is unit B401 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 B401, Orchid B

Starts from the last sale price (AED 1.38M, 7 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,377,880
Deposit, UAE resident (20%)
AED 275,576
Deposit, non-resident (40%)
AED 551,152
Monthly over 25 years at 3.7%
AED 5,637

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