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2-bed · 1,518 sqftAl Tajer Residences, Downtown Dubai · 4th floor · completed 2008

4055, Al Tajer Residences

Sold prices and rental history: sold 3 times, last in October 2021, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4055 · DLD and Ejari recordsUpdated 17 October 2021
Last soldAED 2.4M17 October 2021
Current rentAED 148K /yr1 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4055, Al Tajer Residences

What is 4055 worth today?

Last sold for AED 2,400,000 in 2021

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17 Oct 2021SoldReady
AED 2,400,000AED 1,580 per sqft
1 Jun 2020RentedRenewal
AED 147,500/yr12 months · AED 97 per sqft
1 Jun 2019RentedNew contract
AED 155,000/yr12 months · AED 102 per sqft
21 Feb 2017SoldReady
AED 3,250,000AED 2,140 per sqft
1 Feb 2016RentedNew contract
AED 200,000/yr12 months · AED 132 per sqft
4 May 2015RentedNew contract
AED 200,000/yr12 months · AED 132 per sqft
27 Nov 2014RentedNew contract
AED 190,000/yr12 months · AED 125 per sqft
12 Apr 2011Sold by developerReady
AED 2,311,888AED 1,522 per sqft

Source: Dubai Land Department. Updated 17 October 2021.

Key facts

Type
2-bed apartment
Size
1,518 sqft
Floor
4th of 9
Parking
4. 70
Developer
Emaar
Completed
2008
Service charge
AED 35,600 /yr
Last sold
AED 2.4M · October 2021
Building
Al Tajer Residences

About 4055, Al Tajer Residences

4055 is a two-bedroom apartment of 1,518 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 17 October 2021 for AED 2,400,000, or AED 1,580 per sqft, 17% above the AED 1,347 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 1 June 2020, is AED 147,500 a year: a gross yield of 6.2% on the 2021 price, before the service charge of about AED 35,600 a year.

Sales and rents for 4055 over time

Sales
Unit 4055, 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, April 2011: AED 2,311,888 (AED 1,522 per sqft)Sold, February 2017: AED 3,250,000 (AED 2,140 per sqft)Sold, October 2021: AED 2,400,000 (AED 1,580 per sqft)

4055 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4055, 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, November 2014: AED 190,000 a yearNew contract, May 2015: AED 200,000 a yearNew contract, February 2016: AED 200,000 a yearNew contract, June 2019: AED 155,000 a yearRenewal, June 2020: AED 147,500 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 Al Tajer Residences, and where 4055 sits

All 116 2-beds →

4055 last sold in October 2021 at AED 1,580 per sqft, 17% above what two-beds in Al Tajer Residences were fetching at the time (AED 1,347). 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. 4055's AED 147,500 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

4055, Al Tajer Residences in numbers

  • Sold 3 times: first on 12 April 2011 for AED 2,311,888, last on 17 October 2021 for AED 2,400,000 (AED 1,580 per sqft).
  • Rented since November 2014 on 5 Ejari contracts, from AED 190,000 to AED 147,500 a year.
  • At AED 147,500 a year the gross yield on the 2021 price is 6.2%, before a service charge of about AED 35,600 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 17 October 2021.

Questions about 4055, Al Tajer Residences

What did unit 4055 last sell for?

AED 2,400,000 on 17 October 2021: AED 1,580 per sqft for 1,518 sqft. The unit has 3 registered sales; the first was AED 2,311,888 in April 2011.

What is the rent for unit 4055?

AED 147,500 a year on the contract renewed on 1 June 2020. The previous contract, from June 2019, was AED 155,000; the unit has been rented since November 2014.

How big is unit 4055?

1,518 sqft (141.0 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2008.

What is unit 4055 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 4055, Al Tajer Residences

Starts from the last sale price (AED 2.4M, 17 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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