702, Claren Tower 1 (Claren Tower A)
Sold prices and rental history: sold 5 times, last in June 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Claren Tower 1 (Claren Tower A)
What is 702 worth today?
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Source: Dubai Land Department. Updated 7 September 2025.
Key facts
- Type
- Studio apartment
- Size
- 497 sqft
- Floor
- 7th of 19
- Parking
- B2-2054
- Developer
- Emaar
- Completed
- 2012
- Service charge
- AED 12,800 /yr
- Last sold
- AED 1.15M · June 2024
- Building
- Claren Tower 1 (Claren Tower A)
About 702, Claren Tower 1 (Claren Tower A)
702 is a studio of 497 sqft on the 7th floor of Claren Tower 1 (Claren Tower A), a 19-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 27 June 2024 for AED 1,150,000, or AED 2,315 per sqft, 17% above the AED 1,987 studios in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 7 September 2025, is AED 85,000 a year: a gross yield of 7.4% on the 2024 price, before the service charge of about AED 12,800 a year.
Sales and rents for 702 over time
702 has sold 5 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 702 sits
All 38 studios →702 last sold in June 2024 at AED 2,315 per sqft, 17% above what studios in Claren Tower 1 (Claren Tower A) were fetching at the time (AED 1,987). 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. 702's AED 85,000 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 7th floor
All 141 units in Claren Tower 1 (Claren Tower A)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 881 sqft | AED 1.9MAED 1,900,000 · May 2014May 2014 | ||
| 703 | 1-bed | 861 sqft | AED 1.52MAED 1,520,000 · Nov 2013November 2013 | 90,338 /yr | |
| 704 | 1-bed | 869 sqft | AED 1.75MAED 1,750,000 · Mar 2025March 2025 | 120,000 /yr | |
| 705 | 2-bed | 1,257 sqft | AED 2.8MAED 2,800,000 · Mar 2024March 2024 | 122,000 /yr | |
| 706 | 1-bed | 842 sqft | AED 2.11MAED 2,112,888 · Jan 2014January 2014 | 90,000 /yr | |
| 707 | Studio | 483 sqft | AED 1.3MAED 1,300,000 · Jun 2014June 2014 | 85,000 /yr | |
| 708 | 2-bed | 1,257 sqft | AED 2.53MAED 2,525,000 · Sep 2013September 2013 | 165,000 /yr |
702, Claren Tower 1 (Claren Tower A) in numbers
- Sold 5 times: first on 2 March 2010 for AED 1,567,888, last on 27 June 2024 for AED 1,150,000 (AED 2,315 per sqft).
- Rented since February 2020 on 3 Ejari contracts, from AED 60,000 to AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2024 price is 7.4%, before a service charge of about AED 12,800 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 7 September 2025.
Questions about 702, Claren Tower 1 (Claren Tower A)
What did unit 702 last sell for?
AED 1,150,000 on 27 June 2024: AED 2,315 per sqft for 497 sqft. The unit has 5 registered sales; the first was AED 1,567,888 in March 2010.
What is the rent for unit 702?
AED 85,000 a year on the contract renewed on 7 September 2025. The previous contract, from September 2024, was AED 85,000; the unit has been rented since February 2020.
How big is unit 702?
497 sqft (46.2 sqm): a studio on the 7th floor of a 19-storey tower completed in 2012.
What is unit 702 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 702, Claren Tower 1 (Claren Tower A)
Starts from the last sale price (AED 1.15M, 27 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,150,000
- Deposit, UAE resident (20%)
- AED 230,000
- Deposit, non-resident (40%)
- AED 460,000
- Monthly over 25 years at 3.7%
- AED 4,705
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →