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1-bed · 744 sqftClaren Tower 2 (Claren Tower B), Downtown Dubai · 15th floor · completed 2012

1502, Claren Tower 2 (Claren Tower B)

Sold prices and rental history: sold 3 times, last in June 2014, and rented once, from January 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1502 · DLD and Ejari recordsUpdated 4 January 2016
Last soldAED 1.79M4 June 2014
Current rentAED 95K /yr4 January 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1502, Claren Tower 2 (Claren Tower B)

What is 1502 worth today?

Last sold for AED 1,790,000 in 2014

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4 Jan 2016RentedNew contract
AED 95,000/yr12 months · AED 128 per sqft
4 Jun 2014SoldReady
AED 1,790,000AED 2,404 per sqft
18 May 2014SoldReady
AED 1,957,888AED 2,630 per sqft
2 Mar 2010Sold by developerOff-plan
AED 1,957,888AED 2,630 per sqft

Source: Dubai Land Department. Updated 4 January 2016.

Key facts

Type
1-bed apartment
Size
744 sqft
Floor
15th of 23
Parking
B2-2115
Developer
Emaar
Completed
2012
Service charge
AED 19,200 /yr
Last sold
AED 1.79M · June 2014
Building
Claren Tower 2 (Claren Tower B)

About 1502, Claren Tower 2 (Claren Tower B)

1502 is a one-bedroom apartment of 744 sqft on the 15th floor of Claren Tower 2 (Claren Tower B), a 23-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 4 June 2014 for AED 1,790,000, or AED 2,404 per sqft, 41% above the AED 1,700 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 4 January 2016. The current contract, signed on 4 January 2016, is AED 95,000 a year: a gross yield of 5.3% on the 2014 price, before the service charge of about AED 19,200 a year.

Sales and rents for 1502 over time

Sales
Unit 1502, each saleTypical one-bed in Claren Tower 2 (Claren Tower B)
1M1.5M2M2009201420192024Typical sale price by year: 2009 AED 1,899,388; 2010 AED 1,940,888; 2012 AED 1,130,144; 2013 AED 1,350,000; 2014 AED 1,790,000; 2015 AED 1,308,944; 2016 AED 1,500,000; 2017 AED 1,175,000; 2018 AED 1,265,000; 2019 AED 1,200,000; 2021 AED 980,000; 2022 AED 1,300,000; 2023 AED 1,400,000; 2024 AED 1,555,000; 2025 AED 1,605,000; 2026 AED 1,700,000Sold by developer, March 2010: AED 1,957,888 (AED 2,630 per sqft)Sold, May 2014: AED 1,957,888 (AED 2,630 per sqft)Sold, June 2014: AED 1,790,000 (AED 2,404 per sqft)

1502 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1502, each contractTypical one-bed in Claren Tower 2 (Claren Tower B)
60K80K100K2013201720212025Typical rent by year: 2013 AED 90,000; 2014 AED 105,000; 2015 AED 100,000; 2016 AED 100,000; 2017 AED 95,000; 2018 AED 85,000; 2019 AED 74,000; 2020 AED 65,500; 2021 AED 65,000; 2022 AED 77,000; 2023 AED 86,498; 2024 AED 100,002; 2025 AED 105,000; 2026 AED 100,000New contract, January 2016: AED 95,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Claren Tower 2 (Claren Tower B), and where 1502 sits

All 82 1-beds →

1502 last sold in June 2014 at AED 2,404 per sqft, 41% above what one-beds in Claren Tower 2 (Claren Tower B) were fetching at the time (AED 1,700). Over the last 12 months one-beds sold for AED 1,500,000 to 1,900,000, around AED 2,149 per sqft, and rent for AED 36,000 to 130,000 a year. 1502's AED 95,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Jan 20261,700,000
13 Jan 20261,900,000
12 Jan 20261,500,000
9 Dec 20251,600,000
5 1-bed sales in the last 12 months

Claren Tower 2 (Claren Tower B)

Building

155 apartments, studios to 3-bed over 23 floors in Downtown Dubai, completed in 2012 by Emaar. 8 sold in the last 12 months.

Typical price per sqft
AED 2,123
Typical sale
AED 1.8M
Typical rent
AED 110K /yr
Typical yield
6.1%
Claren Tower 2 (Claren Tower B), Downtown Dubai: prices, sales and rents →

Other units on the 15th floor

All 155 units in Claren Tower 2 (Claren Tower B)
Value
15011-bedAED 1.61M · Dec 2023
15031-bedAED 1.53M · Sep 2023
15041-bedAED 1.35M · Sep 2022
15052-bedAED 2.2M · Jul 2022
15062-bedAED 3.34M · Mar 2014
15072-bedAED 2.93M · Mar 2014

1502, Claren Tower 2 (Claren Tower B) in numbers

  • Sold 3 times: first on 2 March 2010 for AED 1,957,888, last on 4 June 2014 for AED 1,790,000 (AED 2,404 per sqft).
  • Rented since January 2016 on one Ejari contract, at AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2014 price is 5.3%, before a service charge of about AED 19,200 a year (AED 25.85 per sqft).
  • One-beds in Claren Tower 2 (Claren Tower B) sold for AED 1,500,000–1,900,000 in the 12 months to November 2026; the building's median across all types is AED 2,123 per sqft.

Source: Dubai Land Department. Updated 4 January 2016.

Questions about 1502, Claren Tower 2 (Claren Tower B)

What did unit 1502 last sell for?

AED 1,790,000 on 4 June 2014: AED 2,404 per sqft for 744 sqft. The unit has 3 registered sales; the first was AED 1,957,888 in March 2010.

What is the rent for unit 1502?

AED 95,000 a year on the contract signed on 4 January 2016.

How big is unit 1502?

744 sqft (69.1 sqm): a one-bedroom apartment on the 15th floor of a 23-storey tower completed in 2012.

What is unit 1502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Claren Tower 2 (Claren Tower B) sold for AED 1,500,000 to 1,900,000 in the last 12 months, around AED 2,149 per sqft.

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Mortgage on 1502, Claren Tower 2 (Claren Tower B)

Starts from the last sale price (AED 1.79M, 4 June 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,790,000
Deposit, UAE resident (20%)
AED 358,000
Deposit, non-resident (40%)
AED 716,000
Monthly over 25 years at 3.7%
AED 7,323

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