707, Claren Tower 1 (Claren Tower A)
Sold prices and rental history: sold 3 times, last in June 2014, 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 707, Claren Tower 1 (Claren Tower A)
What is 707 worth today?
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Source: Dubai Land Department. Updated 30 January 2024.
Key facts
- Type
- Studio apartment
- Size
- 483 sqft
- Floor
- 7th of 19
- Parking
- B2-2152
- Developer
- Emaar
- Completed
- 2012
- Service charge
- AED 12,500 /yr
- Last sold
- AED 1.3M · June 2014
- Building
- Claren Tower 1 (Claren Tower A)
About 707, Claren Tower 1 (Claren Tower A)
707 is a studio of 483 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 11 June 2014 for AED 1,300,000, or AED 2,690 per sqft, 35% above the AED 1,988 studios in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, signed on 30 January 2024, is AED 85,000 a year: a gross yield of 6.5% on the 2014 price, before the service charge of about AED 12,500 a year.
Sales and rents for 707 over time
707 has sold 3 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 707 sits
All 38 studios →707 last sold in June 2014 at AED 2,690 per sqft, 35% above what studios in Claren Tower 1 (Claren Tower A) were fetching at the time (AED 1,988). 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. 707'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 | ||
| 702 | Studio | 497 sqft | AED 1.15MAED 1,150,000 · Jun 2024June 2024 | 85,000 /yr | |
| 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 | |
| 708 | 2-bed | 1,257 sqft | AED 2.53MAED 2,525,000 · Sep 2013September 2013 | 165,000 /yr |
707, Claren Tower 1 (Claren Tower A) in numbers
- Sold 3 times: first on 2 March 2010 for AED 1,662,888, last on 11 June 2014 for AED 1,300,000 (AED 2,690 per sqft).
- Rented since July 2014 on 10 Ejari contracts. The rent fell from AED 85,000 to AED 48,000 in 2021 and recovered to AED 85,000 by January 2024.
- At AED 85,000 a year the gross yield on the 2014 price is 6.5%, 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 30 January 2024.
Questions about 707, Claren Tower 1 (Claren Tower A)
What did unit 707 last sell for?
AED 1,300,000 on 11 June 2014: AED 2,690 per sqft for 483 sqft. The unit has 3 registered sales; the first was AED 1,662,888 in March 2010.
What is the rent for unit 707?
AED 85,000 a year on the contract signed on 30 January 2024. The previous contract, from February 2023, was AED 65,000; the unit has been rented since July 2014.
How big is unit 707?
483 sqft (44.9 sqm): a studio on the 7th floor of a 19-storey tower completed in 2012.
What is unit 707 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 707, Claren Tower 1 (Claren Tower A)
Starts from the last sale price (AED 1.3M, 11 June 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,300,000
- Deposit, UAE resident (20%)
- AED 260,000
- Deposit, non-resident (40%)
- AED 520,000
- Monthly over 25 years at 3.7%
- AED 5,319
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →