2-bed · 2,215 sqftAl Tajer Residences, Downtown Dubai · 3rd floor · completed 2008

3012, Al Tajer Residences

Sold prices and rental history: sold 3 times, last in December 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3012 · DLD and Ejari recordsUpdated 11 December 2023
Last soldAED 3.6M11 December 2023
Current rentAED 184K /yr10 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3012, Al Tajer Residences

What is 3012 worth today?

Last sold for AED 3,600,000 in 2023

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11 Dec 2023SoldReady
AED 3,600,000AED 1,625 per sqft
10 Aug 2023RentedNew contract
AED 184,000/yr12 months · AED 83 per sqft
21 Aug 2021RentedNew contract
AED 126,000/yr12 months · AED 57 per sqft
27 Jun 2019RentedNew contract
AED 135,000/yr12 months · AED 61 per sqft
1 Apr 2016RentedNew contract
AED 180,000/yr12 months · AED 81 per sqft
14 May 2014RentedNew contract
AED 189,491/yr12 months · AED 85 per sqft
15 May 2013RentedNew contract
AED 180,000/yr12 months · AED 81 per sqft
12 Feb 2012Sold by developerReady
AED 2,100,795AED 948 per sqft

Source: Dubai Land Department. Updated 11 December 2023.

Key facts

Type
2-bed apartment
Size
2,215 sqft
Floor
3rd of 9
Parking
L4-07
Developer
Emaar
Completed
2008
Service charge
AED 51,900 /yr
Last sold
AED 3.6M · December 2023

About 3012, Al Tajer Residences

3012 is a two-bedroom apartment of 2,215 sqft on the 3rd floor of Al Tajer Residences, a 9-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 11 December 2023 for AED 3,600,000, or AED 1,625 per sqft, 16% below the AED 1,945 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 10 August 2023, is AED 184,000 a year: a gross yield of 5.1% on the 2023 price, before the service charge of about AED 51,900 a year.

Sales and rents for 3012 over time

Sales
Unit 3012, each saleTypical two-bed in Al Tajer Residences
2M3M4M2008201320182023Typical sale price by year: 2008 AED 2,093,888; 2009 AED 2,061,406; 2010 AED 2,056,888; 2011 AED 2,137,944; 2012 AED 2,233,944; 2013 AED 3,000,000; 2014 AED 3,685,444; 2015 AED 3,400,000; 2016 AED 1,989,012; 2017 AED 2,975,000; 2018 AED 2,500,000; 2019 AED 2,160,000; 2020 AED 2,375,000; 2021 AED 2,125,000; 2022 AED 2,625,000; 2023 AED 3,325,000; 2024 AED 3,470,000; 2025 AED 3,925,000; 2026 AED 3,925,000Sold by developer, February 2012: AED 2,100,795 (AED 948 per sqft)Sold, February 2012: AED 1,955,000 (AED 882 per sqft)Sold, December 2023: AED 3,600,000 (AED 1,625 per sqft)

3012 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3012, each contractTypical two-bed in Al Tajer Residences
150K200K2012201620202024Typical rent by year: 2012 AED 150,000; 2013 AED 170,000; 2014 AED 190,000; 2015 AED 195,000; 2016 AED 180,000; 2017 AED 180,000; 2018 AED 160,000; 2019 AED 145,000; 2020 AED 125,000; 2021 AED 120,000; 2022 AED 140,000; 2023 AED 160,000; 2024 AED 180,000; 2025 AED 184,500; 2026 AED 200,000New contract, May 2013: AED 180,000 a yearNew contract, May 2014: AED 189,491 a yearNew contract, April 2016: AED 180,000 a yearNew contract, June 2019: AED 135,000 a yearNew contract, August 2021: AED 126,000 a yearNew contract, August 2023: AED 184,000 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 Al Tajer Residences, and where 3012 sits

All 116 2-beds →

3012 last sold in December 2023 at AED 1,625 per sqft, 16% below what two-beds in Al Tajer Residences were fetching at the time (AED 1,945). Over the last 12 months two-beds sold for AED 2,780,000 to 5,300,000, around AED 2,669 per sqft, and rent for AED 142,000 to 400,000 a year. 3012's AED 184,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Sep 20263,750,000
5 Aug 20262,780,000
16 Mar 20263,425,500
10 Mar 20265,000,000
8 2-bed sales in the last 12 months

Al Tajer Residences

Building

248 apartments, 1-bed to 3-bed over 9 floors in Downtown Dubai, completed in 2008 by Emaar. 11 sold in the last 12 months.

Typical price per sqft
AED 2,624 Up 6.2%
Typical sale
AED 3.75M
Typical rent
AED 150K /yr
Typical yield
4.4%
Al Tajer Residences, Downtown Dubai: prices, sales and rents →

Other units on the 3rd floor

All 248 units in Al Tajer Residences
Value
30112-bedAED 4.3M · Dec 2015
30131-bedAED 1.62M · Sep 2011
30142-bedAED 3.45M · Jun 2023
30201-bedAED 1.35M · Jul 2019
30212-bedAED 2.7M · Dec 2012
30222-bedAED 2.06M · Jan 2009
30523-bedAED 4.19M · Aug 2010
1–7 of 9

3012, Al Tajer Residences in numbers

  • Sold 3 times: first on 12 February 2012 for AED 1,955,000, last on 11 December 2023 for AED 3,600,000 (AED 1,625 per sqft).
  • Rented since May 2013 on 6 Ejari contracts. The rent fell from AED 180,000 to AED 126,000 in 2021 and recovered to AED 184,000 by August 2023.
  • At AED 184,000 a year the gross yield on the 2023 price is 5.1%, before a service charge of about AED 51,900 a year (AED 23.45 per sqft).
  • Two-beds in Al Tajer Residences sold for AED 2,780,000–5,300,000 in the 12 months to November 2026; the building's median across all types is AED 2,624 per sqft.

Source: Dubai Land Department. Updated 11 December 2023.

Questions about 3012, Al Tajer Residences

What did unit 3012 last sell for?

AED 3,600,000 on 11 December 2023: AED 1,625 per sqft for 2,215 sqft. The unit has 3 registered sales; the first was AED 1,955,000 in February 2012.

What is the rent for unit 3012?

AED 184,000 a year on the contract signed on 10 August 2023. The previous contract, from August 2021, was AED 126,000; the unit has been rented since May 2013.

How big is unit 3012?

2,215 sqft (205.8 sqm): a two-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2008.

What is unit 3012 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Tajer Residences sold for AED 2,780,000 to 5,300,000 in the last 12 months, around AED 2,669 per sqft.

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Mortgage on 3012, Al Tajer Residences

Starts from the last sale price (AED 3.6M, 11 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,600,000
Deposit, UAE resident (20%)
AED 720,000
Deposit, non-resident (40%)
AED 1,440,000
Monthly over 25 years at 3.7%
AED 14,729

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