1-bed · 838 sqftClaren Tower 2 (Claren Tower B), Downtown Dubai · 4th floor · completed 2012

401, Claren Tower 2 (Claren Tower B)

Sold prices and rental history: sold 4 times, last in April 2019, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 28 April 2019
Last soldAED 1M28 April 2019
Current rentAED 85K /yr20 February 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, Claren Tower 2 (Claren Tower B)

What is 401 worth today?

Last sold for AED 1,000,000 in 2019

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28 Apr 2019SoldReady
AED 1,000,000AED 1,193 per sqft
20 Feb 2018RentedNew contract
AED 85,000/yr12 months · AED 101 per sqft
15 Apr 2016RentedRenewal
AED 115,000/yr10 months · AED 137 per sqft
15 Apr 2015RentedNew contract
AED 115,000/yr12 months · AED 137 per sqft
15 Apr 2014RentedNew contract
AED 115,000/yr12 months · AED 137 per sqft
12 Aug 2013SoldReady
AED 941,000AED 1,122 per sqft
10 Oct 2011SoldOff-plan
AED 941,000AED 1,122 per sqft
2 Mar 2010Sold by developerOff-plan
AED 1,846,888AED 2,203 per sqft

Source: Dubai Land Department. Updated 28 April 2019.

Key facts

Type
1-bed apartment
Size
838 sqft
Floor
4th of 23
Parking
B2-2074
Developer
Emaar
Completed
2012
Service charge
AED 21,700 /yr
Last sold
AED 1M · April 2019

About 401, Claren Tower 2 (Claren Tower B)

401 is a one-bedroom apartment of 838 sqft on the 4th floor of Claren Tower 2 (Claren Tower B), a 23-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 28 April 2019 for AED 1,000,000, or AED 1,193 per sqft, 19% below the AED 1,479 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 20 February 2018, is AED 85,000 a year: a gross yield of 8.5% on the 2019 price, before the service charge of about AED 21,700 a year.

Sales and rents for 401 over time

Sales
Unit 401, 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 1,846,888 (AED 2,203 per sqft)Sold, October 2011: AED 941,000 (AED 1,122 per sqft)Sold, August 2013: AED 941,000 (AED 1,122 per sqft)Sold, April 2019: AED 1,000,000 (AED 1,193 per sqft)

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

Rents
Unit 401, each contractTypical one-bed in Claren Tower 2 (Claren Tower B)
75K100K2013201720212025Typical 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, April 2014: AED 115,000 a yearNew contract, April 2015: AED 115,000 a yearRenewal, April 2016: AED 115,000 a yearNew contract, February 2018: AED 85,000 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 401 sits

All 82 1-beds →

401 last sold in April 2019 at AED 1,193 per sqft, 19% below what one-beds in Claren Tower 2 (Claren Tower B) were fetching at the time (AED 1,479). 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. 401's AED 85,000 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 →
Value
4021-bedAED 1.2M · Jul 2019
4031-bedAED 1.32M · Nov 2023
4041-bedAED 1.7M · May 2015
4052-bedAED 2.88M · Mar 2010
4062-bedAED 3.38M · May 2026
4072-bedAED 2.05M · Dec 2022

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

  • Sold 4 times: first on 2 March 2010 for AED 1,846,888, last on 28 April 2019 for AED 1,000,000 (AED 1,193 per sqft).
  • Rented since April 2014 on 4 Ejari contracts, from AED 115,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2019 price is 8.5%, before a service charge of about AED 21,700 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 28 April 2019.

Questions about 401, Claren Tower 2 (Claren Tower B)

What did unit 401 last sell for?

AED 1,000,000 on 28 April 2019: AED 1,193 per sqft for 838 sqft. The unit has 4 registered sales; the first was AED 1,846,888 in March 2010.

What is the rent for unit 401?

AED 85,000 a year on the contract signed on 20 February 2018. The previous contract, from April 2016, was AED 115,000; the unit has been rented since April 2014.

How big is unit 401?

838 sqft (77.9 sqm): a one-bedroom apartment on the 4th floor of a 23-storey tower completed in 2012.

What is unit 401 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 401, Claren Tower 2 (Claren Tower B)

Starts from the last sale price (AED 1M, 28 April 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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