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2-bed · 1,384 sqftClaren Tower 2 (Claren Tower B), Downtown Dubai · 23rd floor · completed 2012

2302, Claren Tower 2 (Claren Tower B)

Sold prices and rental history: sold 3 times, last in January 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2302 · DLD and Ejari recordsUpdated 20 January 2023
Last soldAED 2.1M20 January 2023
Current rentAED 90K /yr15 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2302, Claren Tower 2 (Claren Tower B)

What is 2302 worth today?

Last sold for AED 2,100,000 in 2023

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20 Jan 2023SoldReady
AED 2,100,000AED 1,516 per sqft
15 Sep 2021RentedRenewal
AED 90,000/yr12 months · AED 65 per sqft
15 Sep 2020RentedNew contract
AED 90,000/yr12 months · AED 65 per sqft
24 Mar 2017RentedNew contract
AED 130,000/yr12 months · AED 94 per sqft
20 Sep 2015RentedRenewal
AED 170,458/yr12 months · AED 123 per sqft
20 Sep 2014RentedNew contract
AED 170,000/yr12 months · AED 122 per sqft
17 Jul 2014SoldReady
AED 3,400,000AED 2,456 per sqft
6 Mar 2014Sold by developerReady
AED 3,019,888AED 2,181 per sqft

Source: Dubai Land Department. Updated 20 January 2023.

Key facts

Type
2-bed apartment
Size
1,384 sqft
Floor
23rd of 23
Parking
B1-1083
Developer
Emaar
Completed
2012
Service charge
AED 35,800 /yr
Last sold
AED 2.1M · January 2023
Building
Claren Tower 2 (Claren Tower B)

About 2302, Claren Tower 2 (Claren Tower B)

2302 is a two-bedroom apartment of 1,384 sqft on the 23rd floor of Claren Tower 2 (Claren Tower B), a 23-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 20 January 2023 for AED 2,100,000, or AED 1,516 per sqft, 11% below the AED 1,706 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 15 September 2021, is AED 90,000 a year: a gross yield of 4.3% on the 2023 price, before the service charge of about AED 35,800 a year.

Sales and rents for 2302 over time

Sales
Unit 2302, each saleTypical two-bed in Claren Tower 2 (Claren Tower B)
2M3M2009201420192024Typical sale price by year: 2009 AED 2,949,388; 2010 AED 2,939,888; 2012 AED 1,686,888; 2013 AED 2,120,000; 2014 AED 2,935,388; 2015 AED 3,206,444; 2016 AED 2,500,000; 2019 AED 1,812,500; 2020 AED 1,500,000; 2022 AED 2,150,000; 2023 AED 2,250,000; 2024 AED 2,625,000; 2025 AED 3,430,000; 2026 AED 2,830,000Sold by developer, March 2014: AED 3,019,888 (AED 2,181 per sqft)Sold, July 2014: AED 3,400,000 (AED 2,456 per sqft)Sold, January 2023: AED 2,100,000 (AED 1,516 per sqft)

2302 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2302, each contractTypical two-bed in Claren Tower 2 (Claren Tower B)
100K150K2013201720212025Typical rent by year: 2013 AED 132,500; 2014 AED 155,000; 2015 AED 155,000; 2016 AED 155,000; 2017 AED 151,800; 2018 AED 127,500; 2019 AED 120,000; 2020 AED 105,000; 2021 AED 105,000; 2022 AED 115,250; 2023 AED 140,000; 2024 AED 157,500; 2025 AED 165,000; 2026 AED 159,000New contract, September 2014: AED 170,000 a yearRenewal, September 2015: AED 170,458 a yearNew contract, March 2017: AED 130,000 a yearNew contract, September 2020: AED 90,000 a yearRenewal, September 2021: AED 90,000 a year

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

2-beds in Claren Tower 2 (Claren Tower B), and where 2302 sits

All 61 2-beds →

2302 last sold in January 2023 at AED 1,516 per sqft, 11% below what two-beds in Claren Tower 2 (Claren Tower B) were fetching at the time (AED 1,706). Over the last 12 months two-beds sold for AED 2,560,000 to 3,375,000, around AED 2,073 per sqft, and rent for AED 120,000 to 215,000 a year. 2302's AED 90,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 May 20262,560,000
13 May 20263,375,000
21 Jan 20262,830,000
23 Sep 20253,430,000
3 2-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 23rd floor

All 155 units in Claren Tower 2 (Claren Tower B)
Value
23012-bedAED 2.35M · Feb 2024
23033-bedAED 3.65M · Jun 2013
23043-bedAED 2.8M · Dec 2022

2302, Claren Tower 2 (Claren Tower B) in numbers

  • Sold 3 times: first on 6 March 2014 for AED 3,019,888, last on 20 January 2023 for AED 2,100,000 (AED 1,516 per sqft).
  • Rented since September 2014 on 5 Ejari contracts, from AED 170,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2023 price is 4.3%, before a service charge of about AED 35,800 a year (AED 25.85 per sqft).
  • Two-beds in Claren Tower 2 (Claren Tower B) sold for AED 2,560,000–3,375,000 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 20 January 2023.

Questions about 2302, Claren Tower 2 (Claren Tower B)

What did unit 2302 last sell for?

AED 2,100,000 on 20 January 2023: AED 1,516 per sqft for 1,384 sqft. The unit has 3 registered sales; the first was AED 3,019,888 in March 2014.

What is the rent for unit 2302?

AED 90,000 a year on the contract renewed on 15 September 2021. The previous contract, from September 2020, was AED 90,000; the unit has been rented since September 2014.

How big is unit 2302?

1,384 sqft (128.6 sqm): a two-bedroom apartment on the 23rd floor of a 23-storey tower completed in 2012.

What is unit 2302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Claren Tower 2 (Claren Tower B) sold for AED 2,560,000 to 3,375,000 in the last 12 months, around AED 2,073 per sqft.

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Mortgage on 2302, Claren Tower 2 (Claren Tower B)

Starts from the last sale price (AED 2.1M, 20 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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