1-bed · 811 sqftBurj Al Nujoom, Downtown Dubai · 4th floor · completed 2013

407, Burj Al Nujoom

Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 9 October 2024
Last soldAED 900K16 May 2023
Current rentAED 90K /yr9 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 407, Burj Al Nujoom

What is 407 worth today?

Last sold for AED 900,000 in 2023

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9 Oct 2024RentedNew contract
AED 90,000/yr12 months · AED 111 per sqft
16 May 2023SoldReady
AED 900,000AED 1,110 per sqft
7 Jan 2021SoldReady
AED 625,000AED 771 per sqft
1 Jun 2019RentedNew contract
AED 55,000/yr12 months · AED 68 per sqft
1 Apr 2018RentedRenewal
AED 72,000/yr12 months · AED 89 per sqft
1 Apr 2017RentedNew contract
AED 78,000/yr12 months · AED 97 per sqft
15 Jan 2014Sold by developerReady
AED 813,467AED 1,003 per sqft

Source: Dubai Land Department. Updated 9 October 2024.

Key facts

Type
1-bed apartment
Size
811 sqft
Floor
4th of 30
Parking
L3-11
Developer
Althuraya Real Estate Development
Completed
2013
Service charge
AED 15,100 /yr
Last sold
AED 900K · May 2023

About 407, Burj Al Nujoom

407 is a one-bedroom apartment of 811 sqft on the 4th floor of Burj Al Nujoom, a 30-storey tower in Downtown Dubai completed in 2013 by Althuraya Real Estate Development. It last sold on 16 May 2023 for AED 900,000, or AED 1,110 per sqft, 10% above the AED 1,007 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 9 October 2024, is AED 90,000 a year: a gross yield of 10.0% on the 2023 price, before the service charge of about AED 15,100 a year.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical one-bed in Burj Al Nujoom
750K1M1.25M2012201620202024Typical sale price by year: 2012 AED 874,850; 2013 AED 960,173; 2014 AED 880,068; 2015 AED 1,035,000; 2016 AED 1,125,000; 2019 AED 740,000; 2021 AED 685,000; 2022 AED 805,000; 2023 AED 920,000; 2024 AED 1,118,000; 2025 AED 1,170,000; 2026 AED 1,150,000Sold by developer, January 2014: AED 813,467 (AED 1,003 per sqft)Sold, January 2021: AED 625,000 (AED 771 per sqft)Sold, May 2023: AED 900,000 (AED 1,110 per sqft)

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

Rents
Unit 407, each contractTypical one-bed in Burj Al Nujoom
60K80K2014201820222026Typical rent by year: 2014 AED 90,000; 2015 AED 90,000; 2016 AED 86,000; 2017 AED 82,000; 2018 AED 70,000; 2019 AED 62,000; 2020 AED 50,000; 2021 AED 49,933; 2022 AED 60,000; 2023 AED 75,000; 2024 AED 85,000; 2025 AED 88,000; 2026 AED 88,000New contract, April 2017: AED 78,000 a yearRenewal, April 2018: AED 72,000 a yearNew contract, June 2019: AED 55,000 a yearNew contract, October 2024: AED 90,000 a year

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

1-beds in Burj Al Nujoom, and where 407 sits

All 79 1-beds →

407 last sold in May 2023 at AED 1,110 per sqft, 10% above what one-beds in Burj Al Nujoom were fetching at the time (AED 1,007). Over the last 12 months one-beds sold for AED 1,050,000 to 1,350,000, around AED 1,403 per sqft, and rent for AED 67,000 to 144,000 a year. 407's AED 90,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Sep 20261,100,000
12 Aug 20261,150,000
12 Jun 20261,100,000
1 Jun 20261,050,000
8 1-bed sales in the last 12 months

Burj Al Nujoom

Building

378 apartments, studios to 3-bed over 30 floors in Downtown Dubai, completed in 2013 by Althuraya Real Estate Development. 20 sold in the last 12 months.

Typical price per sqft
AED 1,515 Down 1.8%
Typical sale
AED 1.1M
Typical rent
AED 67K /yr
Typical yield
7.7%
Burj Al Nujoom, Downtown Dubai: prices, sales and rents →

Other units on the 4th floor

All 378 units in Burj Al Nujoom
Value
401StudioAED 466K · Jan 2014
402StudioAED 469K · Jan 2012
403StudioAED 490K · Jul 2021
4041-bedAED 1.15M · Aug 2024
4051-bedAED 819K · Jan 2012
4062-bedAED 1.56M · Jan 2012
408StudioAED 473K · Jan 2012
1–7 of 13

407, Burj Al Nujoom in numbers

  • Sold 3 times: first on 15 January 2014 for AED 813,467, last on 16 May 2023 for AED 900,000 (AED 1,110 per sqft).
  • Rented since April 2017 on 4 Ejari contracts. The rent fell from AED 78,000 to AED 55,000 in 2019 and recovered to AED 90,000 by October 2024.
  • At AED 90,000 a year the gross yield on the 2023 price is 10.0%, before a service charge of about AED 15,100 a year (AED 18.68 per sqft).
  • One-beds in Burj Al Nujoom sold for AED 1,050,000–1,350,000 in the 12 months to November 2026; the building's median across all types is AED 1,515 per sqft.

Source: Dubai Land Department. Updated 9 October 2024.

Questions about 407, Burj Al Nujoom

What did unit 407 last sell for?

AED 900,000 on 16 May 2023: AED 1,110 per sqft for 811 sqft. The unit has 3 registered sales; the first was AED 813,467 in January 2014.

What is the rent for unit 407?

AED 90,000 a year on the contract signed on 9 October 2024. The previous contract, from June 2019, was AED 55,000; the unit has been rented since April 2017.

How big is unit 407?

811 sqft (75.3 sqm): a one-bedroom apartment on the 4th floor of a 30-storey tower completed in 2013.

What is unit 407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Burj Al Nujoom sold for AED 1,050,000 to 1,350,000 in the last 12 months, around AED 1,403 per sqft.

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Mortgage on 407, Burj Al Nujoom

Starts from the last sale price (AED 900K, 16 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 900,000
Deposit, UAE resident (20%)
AED 180,000
Deposit, non-resident (40%)
AED 360,000
Monthly over 25 years at 3.7%
AED 3,682

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