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1-bed · 845 sqftClaren Tower 2 (Claren Tower B), Downtown Dubai · 17th floor · completed 2012

1704, Claren Tower 2 (Claren Tower B)

Sold prices and rental history: sold 4 times, last in June 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1704 · DLD and Ejari recordsUpdated 2 June 2016
Last soldAED 1.54M2 June 2016
Current rentAED 105K /yr28 August 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1704, Claren Tower 2 (Claren Tower B)

What is 1704 worth today?

Last sold for AED 1,535,000 in 2016

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2 Jun 2016SoldReady
AED 1,535,000AED 1,816 per sqft
28 Aug 2014RentedNew contract
AED 105,000/yr12 months · AED 123 per sqft
19 Nov 2013SoldReady
AED 1,450,000AED 1,715 per sqft
1 Aug 2013RentedNew contract
AED 78,000/yr12 months · AED 92 per sqft
29 May 2013SoldOff-plan
AED 1,450,000AED 1,715 per sqft
14 May 2013Sold by developerOff-plan
AED 1,171,888AED 1,386 per sqft

Source: Dubai Land Department. Updated 2 June 2016.

Key facts

Type
1-bed apartment
Size
845 sqft
Floor
17th of 23
Parking
B2-2110
Developer
Emaar
Completed
2012
Service charge
AED 21,800 /yr
Last sold
AED 1.54M · June 2016
Building
Claren Tower 2 (Claren Tower B)

About 1704, Claren Tower 2 (Claren Tower B)

1704 is a one-bedroom apartment of 845 sqft on the 17th floor of Claren Tower 2 (Claren Tower B), a 23-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 2 June 2016 for AED 1,535,000, or AED 1,816 per sqft, in line with the AED 1,816 one-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 28 August 2014, is AED 105,000 a year: a gross yield of 6.8% on the 2016 price, before the service charge of about AED 21,800 a year.

Sales and rents for 1704 over time

Sales
Unit 1704, 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, May 2013: AED 1,450,000 (AED 1,715 per sqft)Sold by developer, May 2013: AED 1,171,888 (AED 1,386 per sqft)Sold, November 2013: AED 1,450,000 (AED 1,715 per sqft)Sold, June 2016: AED 1,535,000 (AED 1,816 per sqft)

1704 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1704, 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, August 2013: AED 78,000 a yearNew contract, August 2014: AED 105,000 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 1704 sits

All 82 1-beds →

1704 last sold in June 2016 at AED 1,816 per sqft, in line with what one-beds in Claren Tower 2 (Claren Tower B) were fetching at the time (AED 1,816). 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. 1704's AED 105,000 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 17th floor

All 155 units in Claren Tower 2 (Claren Tower B)
Value
17011-bedAED 1.3M · Aug 2014
17021-bedAED 1.68M · Mar 2014
17031-bedAED 1.45M · Oct 2013
17052-bedAED 2.15M · May 2022
17062-bedAED 2.1M · Apr 2019
17072-bedAED 1.83M · Jan 2019

1704, Claren Tower 2 (Claren Tower B) in numbers

  • Sold 4 times: first on 14 May 2013 for AED 1,171,888, last on 2 June 2016 for AED 1,535,000 (AED 1,816 per sqft).
  • Rented since August 2013 on 2 Ejari contracts, from AED 78,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2016 price is 6.8%, before a service charge of about AED 21,800 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 2 June 2016.

Questions about 1704, Claren Tower 2 (Claren Tower B)

What did unit 1704 last sell for?

AED 1,535,000 on 2 June 2016: AED 1,816 per sqft for 845 sqft. The unit has 4 registered sales; the first was AED 1,171,888 in May 2013.

What is the rent for unit 1704?

AED 105,000 a year on the contract signed on 28 August 2014. The previous contract, from August 2013, was AED 78,000.

How big is unit 1704?

845 sqft (78.5 sqm): a one-bedroom apartment on the 17th floor of a 23-storey tower completed in 2012.

What is unit 1704 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 1704, Claren Tower 2 (Claren Tower B)

Starts from the last sale price (AED 1.54M, 2 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,535,000
Deposit, UAE resident (20%)
AED 307,000
Deposit, non-resident (40%)
AED 614,000
Monthly over 25 years at 3.7%
AED 6,280

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