2-bed · 1,257 sqftClaren Tower 1 (Claren Tower A), Downtown Dubai · 15th floor · completed 2012

1505, Claren Tower 1 (Claren Tower A)

Sold prices and rental history: sold twice, last in March 2015, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1505 · DLD and Ejari recordsUpdated 1 August 2020
Last soldAED 2.99M18 March 2015
Current rentAED 95K /yr1 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1505, Claren Tower 1 (Claren Tower A)

What is 1505 worth today?

Last sold for AED 2,986,888 in 2015

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1 Aug 2020RentedRenewal
AED 95,000/yr12 months · AED 75 per sqft
1 Aug 2019RentedNew contract
AED 100,000/yr12 months · AED 79 per sqft
25 Jul 2018RentedNew contract
AED 120,000/yr12 months · AED 95 per sqft
1 Nov 2016RentedNew contract
AED 140,000/yr12 months · AED 111 per sqft
18 Mar 2015SoldReady
AED 2,986,888AED 2,376 per sqft
25 Sep 2012RentedNew contract
AED 150,000/yr12 months · AED 119 per sqft
2 Mar 2010Sold by developerOff-plan
AED 2,986,888AED 2,376 per sqft

Source: Dubai Land Department. Updated 1 August 2020.

Key facts

Type
2-bed apartment
Size
1,257 sqft
Floor
15th of 19
Parking
B1-1151
Developer
Emaar
Completed
2012
Service charge
AED 32,500 /yr
Last sold
AED 2.99M · March 2015

About 1505, Claren Tower 1 (Claren Tower A)

1505 is a two-bedroom apartment of 1,257 sqft on the 15th floor of Claren Tower 1 (Claren Tower A), a 19-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 18 March 2015 for AED 2,986,888, or AED 2,376 per sqft, 28% above the AED 1,855 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, renewed on 1 August 2020, is AED 95,000 a year: a gross yield of 3.2% on the 2015 price, before the service charge of about AED 32,500 a year.

Sales and rents for 1505 over time

Sales
Unit 1505, each saleTypical two-bed in Claren Tower 1 (Claren Tower A)
2M3M20102014201820222026Typical sale price by year: 2010 AED 2,983,888; 2012 AED 1,710,644; 2013 AED 2,087,500; 2014 AED 2,850,000; 2015 AED 2,400,000; 2020 AED 1,450,000; 2022 AED 2,200,000; 2023 AED 2,550,000; 2024 AED 2,400,000; 2025 AED 2,517,500Sold by developer, March 2010: AED 2,986,888 (AED 2,376 per sqft)Sold, March 2015: AED 2,986,888 (AED 2,376 per sqft)

1505 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1505, each contractTypical two-bed in Claren Tower 1 (Claren Tower A)
100K150K2012201620202024Typical rent by year: 2013 AED 134,707; 2014 AED 150,000; 2015 AED 157,500; 2016 AED 150,500; 2017 AED 140,000; 2018 AED 130,000; 2019 AED 112,500; 2020 AED 100,000; 2021 AED 100,000; 2022 AED 115,500; 2023 AED 150,000; 2024 AED 157,500; 2025 AED 160,000; 2026 AED 160,000New contract, September 2012: AED 150,000 a yearNew contract, November 2016: AED 140,000 a yearNew contract, July 2018: AED 120,000 a yearNew contract, August 2019: AED 100,000 a yearRenewal, August 2020: AED 95,000 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 Claren Tower 1 (Claren Tower A), and where 1505 sits

All 30 2-beds →

1505 last sold in March 2015 at AED 2,376 per sqft, 28% above what two-beds in Claren Tower 1 (Claren Tower A) were fetching at the time (AED 1,855). Over the last 12 months two-beds sold for AED 2,800,000, around AED 2,227 per sqft, and rent for AED 120,000 to 250,000 a year. 1505's AED 95,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Feb 20262,800,000
4 Nov 20252,200,000
18 Jul 20252,844,483
2 Apr 20252,535,000
1 2-bed sale in the last 12 months

Claren Tower 1 (Claren Tower A)

Building

141 apartments, studios to 3-bed over 19 floors in Downtown Dubai, completed in 2012 by Emaar. 15 sold in the last 12 months.

Typical price per sqft
AED 2,301 Up 13.7%
Typical sale
AED 1.9M
Typical rent
AED 95K /yr
Typical yield
5.5%
Claren Tower 1 (Claren Tower A), Downtown Dubai: prices, sales and rents →
Value
15011-bedAED 1.99M · Mar 2015
1502StudioAED 1.36M · Mar 2015
15031-bedAED 1.96M · Mar 2015
15041-bedAED 2.02M · Mar 2015
15061-bedAED 2.2M · Mar 2015
1507StudioAED 1.45M · Mar 2010
15082-bedAED 2.99M · Mar 2015

1505, Claren Tower 1 (Claren Tower A) in numbers

  • Sold twice: first on 2 March 2010 for AED 2,986,888, last on 18 March 2015 for AED 2,986,888 (AED 2,376 per sqft).
  • Rented since September 2012 on 5 Ejari contracts, from AED 150,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2015 price is 3.2%, before a service charge of about AED 32,500 a year (AED 25.85 per sqft).
  • Two-beds in Claren Tower 1 (Claren Tower A) sold for AED 2,800,000–2,800,000 in the 12 months to November 2026; the building's median across all types is AED 2,301 per sqft.

Source: Dubai Land Department. Updated 1 August 2020.

Questions about 1505, Claren Tower 1 (Claren Tower A)

What did unit 1505 last sell for?

AED 2,986,888 on 18 March 2015: AED 2,376 per sqft for 1,257 sqft. The unit has 2 registered sales; the first was AED 2,986,888 in March 2010.

What is the rent for unit 1505?

AED 95,000 a year on the contract renewed on 1 August 2020. The previous contract, from August 2019, was AED 100,000; the unit has been rented since September 2012.

How big is unit 1505?

1,257 sqft (116.8 sqm): a two-bedroom apartment on the 15th floor of a 19-storey tower completed in 2012.

What is unit 1505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Claren Tower 1 (Claren Tower A) sold for AED 2,800,000 to 2,800,000 in the last 12 months, around AED 2,227 per sqft.

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Mortgage on 1505, Claren Tower 1 (Claren Tower A)

Starts from the last sale price (AED 2.99M, 18 March 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,986,888
Deposit, UAE resident (20%)
AED 597,378
Deposit, non-resident (40%)
AED 1,194,755
Monthly over 25 years at 3.7%
AED 12,220

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