2-bed · 1,902 sqftAl Tajer Residences, Downtown Dubai · 8th floor · completed 2008

8016, Al Tajer Residences

Sold prices and rental history: sold twice, last in September 2020, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 8016 · DLD and Ejari recordsUpdated 13 September 2020
Last soldAED 2.1M13 September 2020
Current rentAED 200K /yr1 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 8016, Al Tajer Residences

What is 8016 worth today?

Last sold for AED 2,100,000 in 2020

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13 Sep 2020SoldReady
AED 2,100,000AED 1,104 per sqft
1 Nov 2018RentedRenewal
AED 200,000/yr12 months · AED 105 per sqft
1 Nov 2014RentedNew contract
AED 177,500/yr12 months · AED 93 per sqft
1 Nov 2013RentedNew contract
AED 168,000/yr12 months · AED 88 per sqft
25 Aug 2008Sold by developerReady
AED 2,709,888AED 1,424 per sqft

Source: Dubai Land Department. Updated 13 September 2020.

Key facts

Type
2-bed apartment
Size
1,902 sqft
Floor
8th of 9
Parking
5. 40
Developer
Emaar
Completed
2008
Service charge
AED 44,600 /yr
Last sold
AED 2.1M · September 2020

About 8016, Al Tajer Residences

8016 is a two-bedroom apartment of 1,902 sqft on the 8th floor of Al Tajer Residences, a 9-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 13 September 2020 for AED 2,100,000, or AED 1,104 per sqft, 4% below the AED 1,147 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, renewed on 1 November 2018, is AED 200,000 a year: a gross yield of 9.5% on the 2020 price, before the service charge of about AED 44,600 a year.

Sales and rents for 8016 over time

Sales
Unit 8016, 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, August 2008: AED 2,709,888 (AED 1,424 per sqft)Sold, September 2020: AED 2,100,000 (AED 1,104 per sqft)

8016 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 8016, 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 2013: AED 168,000 a yearNew contract, November 2014: AED 177,500 a yearRenewal, November 2018: AED 200,000 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 8016 sits

All 116 2-beds →

8016 last sold in September 2020 at AED 1,104 per sqft, 4% below what two-beds in Al Tajer Residences were fetching at the time (AED 1,147). 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. 8016's AED 200,000 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 8th floor

All 248 units in Al Tajer Residences
Value
80181-bedAED 2.7M · Mar 2026
80331-bedAED 2.3M · Oct 2024
80342-bedAED 2.4M · Jul 2012
80421-bedAED 1.65M · Jul 2012
80431-bedAED 1.25M · Aug 2010
80441-bedAED 1.5M · Dec 2008
80452-bedAED 2.7M · Mar 2017
1–7 of 29

8016, Al Tajer Residences in numbers

  • Sold twice: first on 25 August 2008 for AED 2,709,888, last on 13 September 2020 for AED 2,100,000 (AED 1,104 per sqft).
  • Rented since November 2013 on 3 Ejari contracts, from AED 168,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2020 price is 9.5%, before a service charge of about AED 44,600 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 13 September 2020.

Questions about 8016, Al Tajer Residences

What did unit 8016 last sell for?

AED 2,100,000 on 13 September 2020: AED 1,104 per sqft for 1,902 sqft. The unit has 2 registered sales; the first was AED 2,709,888 in August 2008.

What is the rent for unit 8016?

AED 200,000 a year on the contract renewed on 1 November 2018. The previous contract, from November 2014, was AED 177,500; the unit has been rented since November 2013.

How big is unit 8016?

1,902 sqft (176.7 sqm): a two-bedroom apartment on the 8th floor of a 9-storey tower completed in 2008.

What is unit 8016 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 8016, Al Tajer Residences

Starts from the last sale price (AED 2.1M, 13 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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