407, Claren Tower 1 (Claren Tower A)
Sold prices and rental history: sold 4 times, last in May 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Claren Tower 1 (Claren Tower A)
What is 407 worth today?
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Source: Dubai Land Department. Updated 22 May 2024.
Key facts
- Type
- Studio apartment
- Size
- 483 sqft
- Floor
- 4th of 19
- Parking
- B2-2155
- Developer
- Emaar
- Completed
- 2012
- Service charge
- AED 12,500 /yr
- Last sold
- AED 1.03M · May 2024
- Building
- Claren Tower 1 (Claren Tower A)
About 407, Claren Tower 1 (Claren Tower A)
407 is a studio of 483 sqft on the 4th floor of Claren Tower 1 (Claren Tower A), a 19-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 22 May 2024 for AED 1,025,000, or AED 2,121 per sqft, 15% above the AED 1,852 studios in the building were fetching at the time.
It has been rented continuously since 2014 on 12 Ejari contracts. The current contract, renewed on 29 December 2023, is AED 72,000 a year: a gross yield of 7.0% on the 2024 price, before the service charge of about AED 12,500 a year.
Sales and rents for 407 over time
407 has sold 4 times; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Claren Tower 1 (Claren Tower A), and where 407 sits
All 38 studios →407 last sold in May 2024 at AED 2,121 per sqft, 15% above what studios in Claren Tower 1 (Claren Tower A) were fetching at the time (AED 1,852). Over the last 12 months studios sold for AED 875,000 to 1,350,000, around AED 2,355 per sqft, and rent for AED 40,000 to 95,000 a year. 407's AED 72,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 May 20265 May 2026 | 429 sqft | 875,000 | 2,038 | ||
| 1 May 20261 May 2026 | 497 sqft | 1,275,000 | 2,566 | ||
| 16 Feb 202616 February 2026 | 500 sqft | 1,150,000 | 2,301 | ||
| 12 Feb 202612 February 2026 | 497 sqft | 1,170,000 | 2,355 |
Claren Tower 1 (Claren Tower A)
Building141 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%
Other units on the 4th floor
All 141 units in Claren Tower 1 (Claren Tower A)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 881 sqft | AED 2.28MAED 2,275,888 · Mar 2010March 2010 | 77,000 /yr | |
| 402 | Studio | 497 sqft | AED 1.06MAED 1,060,000 · Sep 2025September 2025 | 75,000 /yr | |
| 403 | 1-bed | 861 sqft | AED 2.24MAED 2,241,888 · Jul 2013July 2013 | 95,000 /yr | |
| 404 | 1-bed | 869 sqft | AED 1.32MAED 1,322,888 · Oct 2013October 2013 | 102,000 /yr | |
| 405 | 2-bed | 1,257 sqft | AED 1.39MAED 1,385,000 · Nov 2020November 2020 | 160,000 /yr | |
| 406 | 1-bed | 842 sqft | AED 1.45MAED 1,445,106 · Apr 2016April 2016 | 110,000 /yr | |
| 408 | 2-bed | 1,257 sqft | AED 1.98MAED 1,975,000 · Feb 2015February 2015 |
407, Claren Tower 1 (Claren Tower A) in numbers
- Sold 4 times: first on 2 March 2010 for AED 1,505,888, last on 22 May 2024 for AED 1,025,000 (AED 2,121 per sqft).
- Rented since January 2014 on 12 Ejari contracts. The rent fell from AED 83,000 to AED 41,000 in 2020 and recovered to AED 72,000 by December 2023.
- At AED 72,000 a year the gross yield on the 2024 price is 7.0%, before a service charge of about AED 12,500 a year (AED 25.85 per sqft).
- Studios in Claren Tower 1 (Claren Tower A) sold for AED 875,000–1,350,000 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 22 May 2024.
Questions about 407, Claren Tower 1 (Claren Tower A)
What did unit 407 last sell for?
AED 1,025,000 on 22 May 2024: AED 2,121 per sqft for 483 sqft. The unit has 4 registered sales; the first was AED 1,505,888 in March 2010.
What is the rent for unit 407?
AED 72,000 a year on the contract renewed on 29 December 2023. The previous contract, from December 2022, was AED 63,500; the unit has been rented since January 2014.
How big is unit 407?
483 sqft (44.9 sqm): a studio on the 4th floor of a 19-storey tower completed in 2012.
What is unit 407 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Claren Tower 1 (Claren Tower A) sold for AED 875,000 to 1,350,000 in the last 12 months, around AED 2,355 per sqft.
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Mortgage on 407, Claren Tower 1 (Claren Tower A)
Starts from the last sale price (AED 1.03M, 22 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,025,000
- Deposit, UAE resident (20%)
- AED 205,000
- Deposit, non-resident (40%)
- AED 410,000
- Monthly over 25 years at 3.7%
- AED 4,194
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →