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2-bed · 1,406 sqftAl Tajer Residences, Downtown Dubai · 4th floor · completed 2008

4040, Al Tajer Residences

Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4040 · DLD and Ejari recordsUpdated 4 May 2023
Last soldAED 2.9M4 May 2023
Current rentAED 40K /yr25 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4040, Al Tajer Residences

What is 4040 worth today?

Last sold for AED 2,900,000 in 2023

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4 May 2023SoldReady
AED 2,900,000AED 2,062 per sqft
25 Nov 2020RentedNew contract
AED 40,000/yr12 months · AED 28 per sqft
25 Nov 2020RentedNew contract · flagged as an outlier
AED 40,000/yr12 months · AED 28 per sqft
20 Apr 2017RentedRenewal
AED 220,000/yr12 months · AED 156 per sqft
20 Apr 2016RentedRenewal
AED 220,000/yr12 months · AED 156 per sqft
20 Apr 2015RentedNew contract
AED 220,000/yr12 months · AED 156 per sqft
23 Apr 2014RentedNew contract
AED 220,000/yr12 months · AED 156 per sqft
11 Dec 2011Sold by developerReady
AED 1,996,888AED 1,420 per sqft

Source: Dubai Land Department. Updated 4 May 2023.

Key facts

Type
2-bed apartment
Size
1,406 sqft
Floor
4th of 9
Parking
L4-76
Developer
Emaar
Completed
2008
Service charge
AED 33,000 /yr
Last sold
AED 2.9M · May 2023
Building
Al Tajer Residences

About 4040, Al Tajer Residences

4040 is a two-bedroom apartment of 1,406 sqft on the 4th floor of Al Tajer Residences, a 9-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 4 May 2023 for AED 2,900,000, or AED 2,062 per sqft, 7% above the AED 1,921 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 25 November 2020, is AED 40,000 a year: a gross yield of 1.4% on the 2023 price, before the service charge of about AED 33,000 a year.

Sales and rents for 4040 over time

Sales
Unit 4040, 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, December 2011: AED 1,996,888 (AED 1,420 per sqft)Sold, May 2023: AED 2,900,000 (AED 2,062 per sqft)

4040 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4040, each contractTypical two-bed in Al Tajer Residences
100K200K2012201620202024Typical 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, April 2014: AED 220,000 a yearNew contract, April 2015: AED 220,000 a yearRenewal, April 2016: AED 220,000 a yearRenewal, April 2017: AED 220,000 a yearNew contract, November 2020: AED 40,000 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 4040 sits

All 116 2-beds →

4040 last sold in May 2023 at AED 2,062 per sqft, 7% above what two-beds in Al Tajer Residences were fetching at the time (AED 1,921). 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. 4040's AED 40,000 is at the bottom 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

4040, Al Tajer Residences in numbers

  • Sold twice: first on 11 December 2011 for AED 1,996,888, last on 4 May 2023 for AED 2,900,000 (AED 2,062 per sqft).
  • Rented since April 2014 on 6 Ejari contracts, from AED 220,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2023 price is 1.4%, before a service charge of about AED 33,000 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 4 May 2023.

Questions about 4040, Al Tajer Residences

What did unit 4040 last sell for?

AED 2,900,000 on 4 May 2023: AED 2,062 per sqft for 1,406 sqft. The unit has 2 registered sales; the first was AED 1,996,888 in December 2011.

What is the rent for unit 4040?

AED 40,000 a year on the contract signed on 25 November 2020. The previous contract, from November 2020, was AED 40,000; the unit has been rented since April 2014.

How big is unit 4040?

1,406 sqft (130.6 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2008.

What is unit 4040 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 4040, Al Tajer Residences

Starts from the last sale price (AED 2.9M, 4 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

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