2-bed · 1,402 sqftAl Tajer Residences, Downtown Dubai · 4th floor · completed 2008

4039, Al Tajer Residences

Sold prices and rental history: sold once, by the developer in June 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4039 · DLD and Ejari recordsUpdated 23 December 2022
Last soldAED 1.99M1 June 2010
Current rentAED 178K /yr23 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4039, Al Tajer Residences

What is 4039 worth today?

Last sold for AED 1,992,888 in 2010

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23 Dec 2022RentedNew contract
AED 178,000/yr12 months · AED 127 per sqft
1 Oct 2021RentedRenewal
AED 130,000/yr12 months · AED 93 per sqft
1 Oct 2020RentedRenewal
AED 130,000/yr12 months · AED 93 per sqft
1 Apr 2020RentedRenewal
AED 140,000/yr6 months · AED 100 per sqft
1 Apr 2019RentedRenewal
AED 145,000/yr12 months · AED 103 per sqft
1 Apr 2018RentedNew contract
AED 145,000/yr12 months · AED 103 per sqft
10 Jan 2016RentedNew contract
AED 180,000/yr12 months · AED 129 per sqft
10 Dec 2014RentedRenewal
AED 165,000/yr12 months · AED 118 per sqft

Source: Dubai Land Department. Updated 23 December 2022.

Key facts

Type
2-bed apartment
Size
1,402 sqft
Floor
4th of 9
Parking
4. 93
Developer
Emaar
Completed
2008
Service charge
AED 32,900 /yr
Last sold
AED 1.99M · June 2010

About 4039, Al Tajer Residences

4039 is a two-bedroom apartment of 1,402 sqft on the 4th floor of Al Tajer Residences, a 9-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 1 June 2010 for AED 1,992,888, or AED 1,421 per sqft, in line with the AED 1,416 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 23 December 2022, is AED 178,000 a year: a gross yield of 8.9% on the 2010 price, before the service charge of about AED 32,900 a year.

Sales and rents for 4039 over time

Sales
Unit 4039, 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, June 2010: AED 1,992,888 (AED 1,421 per sqft)

4039 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4039, 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, December 2013: AED 155,000 a yearRenewal, December 2014: AED 165,000 a yearNew contract, January 2016: AED 180,000 a yearNew contract, April 2018: AED 145,000 a yearRenewal, April 2019: AED 145,000 a yearRenewal, April 2020: AED 140,000 a yearRenewal, October 2020: AED 130,000 a yearRenewal, October 2021: AED 130,000 a yearNew contract, December 2022: AED 178,000 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 4039 sits

All 116 2-beds →

4039 last sold in June 2010 at AED 1,421 per sqft, in line with what two-beds in Al Tajer Residences were fetching at the time (AED 1,416). 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. 4039's AED 178,000 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 4th floor

All 248 units in Al Tajer Residences
Value
40012-bedAED 3M · Dec 2012
40021-bedAED 2.85M · Dec 2024
40031-bedAED 2.25M · Jan 2017
40041-bedAED 2M · Jul 2023
40051-bedAED 1.85M · Mar 2010
40061-bedAED 1.6M · Oct 2016
40071-bedAED 1.48M · Mar 2019
1–7 of 42

4039, Al Tajer Residences in numbers

  • Sold once: by Emaar on 1 June 2010 for AED 1,992,888, or AED 1,421 per sqft.
  • Rented since December 2013 on 9 Ejari contracts. The rent fell from AED 155,000 to AED 130,000 in 2021 and recovered to AED 178,000 by December 2022.
  • At AED 178,000 a year the gross yield on the 2010 price is 8.9%, before a service charge of about AED 32,900 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 23 December 2022.

Questions about 4039, Al Tajer Residences

What did unit 4039 last sell for?

AED 1,992,888 on 1 June 2010, sold by the developer: AED 1,421 per sqft for 1,402 sqft. It is the only registered sale of the unit.

What is the rent for unit 4039?

AED 178,000 a year on the contract signed on 23 December 2022. The previous contract, from October 2021, was AED 130,000; the unit has been rented since December 2013.

How big is unit 4039?

1,402 sqft (130.3 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2008.

What is unit 4039 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 4039, Al Tajer Residences

Starts from the last sale price (AED 1.99M, 1 June 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,992,888
Deposit, UAE resident (20%)
AED 398,578
Deposit, non-resident (40%)
AED 797,155
Monthly over 25 years at 3.7%
AED 8,154

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