2-bed · 1,508 sqftBurj Al Nujoom, Downtown Dubai · 7th floor · completed 2013

706, Burj Al Nujoom

Sold prices and rental history: sold 4 times, last in October 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 12 October 2023
Last soldAED 1.41M12 October 2023
Current rentAED 85K /yr9 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Burj Al Nujoom

What is 706 worth today?

Last sold for AED 1,412,372 in 2023

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12 Oct 2023SoldReady
AED 1,412,372AED 936 per sqft
9 Jul 2022RentedNew contract
AED 85,000/yr12 months · AED 56 per sqft
25 May 2020RentedRenewal
AED 85,000/yr12 months · AED 56 per sqft
25 May 2019RentedNew contract
AED 85,000/yr12 months · AED 56 per sqft
2 Mar 2014SoldReady
AED 2,475,000AED 1,641 per sqft
4 Sep 2013SoldReady
AED 750,000AED 994 per sqft
19 Jan 2012Sold by developerReady
AED 1,477,954AED 980 per sqft

Source: Dubai Land Department. Updated 12 October 2023.

Key facts

Type
2-bed apartment
Size
1,508 sqft
Floor
7th of 30
Parking
L1-13
Developer
Althuraya Real Estate Development
Completed
2013
Service charge
AED 28,200 /yr
Last sold
AED 1.41M · October 2023

About 706, Burj Al Nujoom

706 is a two-bedroom apartment of 1,508 sqft on the 7th floor of Burj Al Nujoom, a 30-storey tower in Downtown Dubai completed in 2013 by Althuraya Real Estate Development. It last sold on 12 October 2023 for AED 1,412,372, or AED 936 per sqft, 6% below the AED 992 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 9 July 2022, is AED 85,000 a year: a gross yield of 6.0% on the 2023 price, before the service charge of about AED 28,200 a year.

Sales and rents for 706 over time

Sales
Unit 706, each saleTypical two-bed in Burj Al Nujoom
1M2M2012201620202024Typical sale price by year: 2012 AED 1,495,096; 2013 AED 1,648,269; 2014 AED 1,631,574; 2015 AED 2,000,000; 2016 AED 1,725,000; 2017 AED 1,530,000; 2018 AED 1,350,000; 2020 AED 970,000; 2021 AED 937,500; 2022 AED 1,260,000; 2023 AED 1,450,000; 2024 AED 1,730,000; 2025 AED 1,850,000; 2026 AED 2,056,355Sold by developer, January 2012: AED 1,477,954 (AED 980 per sqft)Sold, September 2013: AED 750,000 (AED 994 per sqft)Sold, March 2014: AED 2,475,000 (AED 1,641 per sqft)Sold, October 2023: AED 1,412,372 (AED 936 per sqft)

706 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 706, each contractTypical two-bed in Burj Al Nujoom
100K150K2014201820222026Typical rent by year: 2014 AED 126,000; 2015 AED 125,000; 2016 AED 121,375; 2017 AED 115,000; 2018 AED 90,000; 2019 AED 83,500; 2020 AED 70,000; 2021 AED 71,000; 2022 AED 86,000; 2023 AED 100,000; 2024 AED 125,000; 2025 AED 139,813; 2026 AED 142,000New contract, May 2019: AED 85,000 a yearRenewal, May 2020: AED 85,000 a yearNew contract, July 2022: AED 85,000 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 Burj Al Nujoom, and where 706 sits

All 109 2-beds →

706 last sold in October 2023 at AED 936 per sqft, 6% below what two-beds in Burj Al Nujoom were fetching at the time (AED 992). Over the last 12 months two-beds sold for AED 1,850,000 to 2,250,000, around AED 1,422 per sqft, and rent for AED 105,000 to 250,000 a year. 706's AED 85,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Mar 20262,250,000
17 Feb 20262,237,710
12 Jan 20261,850,000
12 Jan 20261,875,000
4 2-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 7th floor

All 378 units in Burj Al Nujoom
Value
701StudioAED 1.05M · Feb 2015
702StudioAED 860K · Jan 2025
703StudioAED 475K · Jan 2012
7041-bedAED 882K · Jan 2012
7051-bedAED 900K · Apr 2013
7071-bedAED 685K · Nov 2021
708StudioAED 790K · Jul 2024
1–7 of 13

706, Burj Al Nujoom in numbers

  • Sold 4 times: first on 19 January 2012 for AED 1,477,954, last on 12 October 2023 for AED 1,412,372 (AED 936 per sqft).
  • Rented since May 2019 on 3 Ejari contracts, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2023 price is 6.0%, before a service charge of about AED 28,200 a year (AED 18.68 per sqft).
  • Two-beds in Burj Al Nujoom sold for AED 1,850,000–2,250,000 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 12 October 2023.

Questions about 706, Burj Al Nujoom

What did unit 706 last sell for?

AED 1,412,372 on 12 October 2023: AED 936 per sqft for 1,508 sqft. The unit has 4 registered sales; the first was AED 1,477,954 in January 2012.

What is the rent for unit 706?

AED 85,000 a year on the contract signed on 9 July 2022. The previous contract, from May 2020, was AED 85,000; the unit has been rented since May 2019.

How big is unit 706?

1,508 sqft (140.1 sqm): a two-bedroom apartment on the 7th floor of a 30-storey tower completed in 2013.

What is unit 706 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Burj Al Nujoom sold for AED 1,850,000 to 2,250,000 in the last 12 months, around AED 1,422 per sqft.

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Mortgage on 706, Burj Al Nujoom

Starts from the last sale price (AED 1.41M, 12 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,412,372
Deposit, UAE resident (20%)
AED 282,474
Deposit, non-resident (40%)
AED 564,949
Monthly over 25 years at 3.7%
AED 5,778

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