2-bed · 1,695 sqftOrchid B, Damac Hills · 7th floor · completed 2018

B702A, Orchid B

Sold prices and rental history: sold once, by the developer in December 2021, and rented once, from August 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B702A · DLD and Ejari recordsUpdated 22 December 2021
Last soldAED 1.42M22 December 2021
Current rentAED 85K /yr1 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B702A, Orchid B

What is B702A worth today?

Last sold for AED 1,421,000 in 2021

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22 Dec 2021Sold by developerReady
AED 1,421,000AED 838 per sqft
1 Aug 2020RentedNew contract
AED 85,000/yr13 months · AED 50 per sqft

Source: Dubai Land Department. Updated 22 December 2021.

Key facts

Type
2-bed apartment
Size
1,695 sqft
Floor
7th of 8
Parking
UP-28 , UP-28A
Developer
DAMAC
Completed
2018
Service charge
AED 24,900 /yr
Last sold
AED 1.42M · December 2021
Building
Orchid B

About B702A, Orchid B

B702A is a two-bedroom apartment of 1,695 sqft on the 7th floor of Orchid B, a 8-storey tower in Damac Hills completed in 2018 by DAMAC. The developer sold it on 22 December 2021 for AED 1,421,000, or AED 838 per sqft, in line with the AED 847 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 August 2020. The current contract, signed on 1 August 2020, is AED 85,000 a year: a gross yield of 6.0% on the 2021 price, before the service charge of about AED 24,900 a year.

Sales and rents for B702A over time

Sales
Unit B702A, 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, December 2021: AED 1,421,000 (AED 838 per sqft)

B702A has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit B702A, 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, August 2020: AED 85,000 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 Orchid B, and where B702A sits

All 19 2-beds →

B702A last sold in December 2021 at AED 838 per sqft, in line with what two-beds in Orchid B were fetching at the time (AED 847). B702A's AED 85,000 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 7th floor

All 84 units in Orchid B
Value
B701A1-bedAED 1.24M · Dec 2022
B701BStudioAED 626K · Mar 2026
B702BStudioAED 475K · May 2024
B703StudioAED 688K · Nov 2017
B7042-bedAED 1.44M · Feb 2020
B7051-bedAED 1.09M · Apr 2014
B7061-bedAED 1.17M · Jun 2014
1–7 of 10

B702A, Orchid B in numbers

  • Sold once: by DAMAC on 22 December 2021 for AED 1,421,000, or AED 838 per sqft.
  • Rented since August 2020 on one Ejari contract, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2021 price is 6.0%, before a service charge of about AED 24,900 a year (AED 14.68 per sqft).

Source: Dubai Land Department. Updated 22 December 2021.

Questions about B702A, Orchid B

What did unit B702A last sell for?

AED 1,421,000 on 22 December 2021, sold by the developer: AED 838 per sqft for 1,695 sqft. It is the only registered sale of the unit.

What is the rent for unit B702A?

AED 85,000 a year on the contract signed on 1 August 2020.

How big is unit B702A?

1,695 sqft (157.5 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2018.

What is unit B702A 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 B702A, Orchid B

Starts from the last sale price (AED 1.42M, 22 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,421,000
Deposit, UAE resident (20%)
AED 284,200
Deposit, non-resident (40%)
AED 568,400
Monthly over 25 years at 3.7%
AED 5,814

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