3-bed · 3,826 sqftAttareen Residences, Downtown Dubai · 1st floor · completed 2008

1229, Attareen Residences

Sold prices and rental history: sold twice, last in June 2014, and rented once, from November 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1229 · DLD and Ejari recordsUpdated 8 November 2020
Last soldAED 17.8M8 June 2014
Current rentAED 100K /yr8 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1229, Attareen Residences

What is 1229 worth today?

Last sold for AED 17,800,000 in 2014

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8 Nov 2020RentedNew contract · flagged as an outlier
AED 100,000/yr12 months · AED 26 per sqft
8 Jun 2014SoldReady
AED 17,800,000AED 4,652 per sqft
28 Oct 2009Sold by developerReady
AED 4,473,900AED 1,169 per sqft

Source: Dubai Land Department. Updated 8 November 2020.

Key facts

Type
3-bed apartment
Size
3,826 sqft
Floor
1st of 7
Parking
3. 513/514
Developer
Emaar
Completed
2008
Service charge
AED 89,800 /yr
Last sold
AED 17.8M · June 2014

About 1229, Attareen Residences

1229 is a three-bedroom apartment of 3,826 sqft on the 1st floor of Attareen Residences, a 7-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 8 June 2014 for AED 17,800,000, or AED 4,652 per sqft.

One Ejari contract is registered, from 8 November 2020. The current contract, signed on 8 November 2020, is AED 100,000 a year: a gross yield of 0.6% on the 2014 price, before the service charge of about AED 89,800 a year.

Sales and rents for 1229 over time

Sales
Unit 1229, each saleTypical three-bed in Attareen Residences
10M20M2008201020122014Typical sale price by year: 2008 AED 9,000,000; 2009 AED 4,473,900; 2010 AED 4,473,888Sold by developer, October 2009: AED 4,473,900 (AED 1,169 per sqft)Sold, June 2014: AED 17,800,000 (AED 4,652 per sqft)

1229 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1229, each contractTypical three-bed in Attareen Residences
400K600K2016201920222025Typical rent by year: 2016 AED 350,000; 2017 AED 550,000; 2019 AED 300,000; 2020 AED 270,497; 2021 AED 285,000; 2023 AED 333,500; 2025 AED 370,000

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Attareen Residences, and where 1229 sits

All 7 3-beds →

Over the last 12 months three-beds sold for AED 12,825,000, around AED 3,352 per sqft, and rent for AED 370,000 to 370,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
7 May 202612,825,000
22 Mar 202410,700,000
16 Jan 202410,915,000
4 Oct 20103,800,000
1 3-bed sale in the last 12 months

Attareen Residences

Building

88 apartments, 1-bed to 3-bed over 7 floors in Downtown Dubai, completed in 2008 by Emaar. 8 sold in the last 12 months.

Typical price per sqft
AED 2,600
Typical sale
AED 4.9M
Typical rent
AED 185K /yr
Typical yield
4.5%
Attareen Residences, Downtown Dubai: prices, sales and rents →

Other units on the 1st floor

All 88 units in Attareen Residences
Value
12262-bedAED 4.65M · Jan 2017
12273-bedAED 10.92M · Jan 2024
12283-bedAED 10.7M · Mar 2024
12302-bedAED 3.51M · Dec 2010
12313-bedAED 9M · Nov 2008
12322-bedAED 2.55M · Apr 2021
12332-bedAED 4.2M · Nov 2022
1–7 of 10

1229, Attareen Residences in numbers

  • Sold twice: first on 28 October 2009 for AED 4,473,900, last on 8 June 2014 for AED 17,800,000 (AED 4,652 per sqft).
  • Rented since November 2020 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2014 price is 0.6%, before a service charge of about AED 89,800 a year (AED 23.48 per sqft).
  • Three-beds in Attareen Residences sold for AED 12,825,000–12,825,000 in the 12 months to November 2026; the building's median across all types is AED 2,600 per sqft.

Source: Dubai Land Department. Updated 8 November 2020.

Questions about 1229, Attareen Residences

What did unit 1229 last sell for?

AED 17,800,000 on 8 June 2014: AED 4,652 per sqft for 3,826 sqft. The unit has 2 registered sales; the first was AED 4,473,900 in October 2009.

What is the rent for unit 1229?

AED 100,000 a year on the contract signed on 8 November 2020.

How big is unit 1229?

3,826 sqft (355.4 sqm): a three-bedroom apartment on the 1st floor of a 7-storey tower completed in 2008.

What is unit 1229 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Attareen Residences sold for AED 12,825,000 to 12,825,000 in the last 12 months, around AED 3,352 per sqft.

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Mortgage on 1229, Attareen Residences

Starts from the last sale price (AED 17.8M, 8 June 2014). Switch to today's estimate once you have unlocked it.
Price
AED 17,800,000
Deposit, UAE resident (20%)
AED 3,560,000
Deposit, non-resident (40%)
AED 7,120,000
Monthly over 25 years at 3.7%
AED 72,825

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