2-bed · 1,648 sqftOpera Grand, Downtown Dubai · 15th floor · completed 2021

1504, Opera Grand

Sold prices and rental history: sold once, by the developer in June 2020, and rented once, from May 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1504 · DLD and Ejari recordsUpdated 22 May 2023
Last soldAED 6.52M21 June 2020
Current rentAED 140K /yr22 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1504, Opera Grand

What is 1504 worth today?

Last sold for AED 6,516,888 in 2020

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22 May 2023RentedNew contract
AED 140,078/yr60 months · AED 85 per sqft
21 Jun 2020Sold by developerOff-plan
AED 6,516,888AED 3,953 per sqft

Source: Dubai Land Department. Updated 22 May 2023.

Key facts

Type
2-bed apartment
Size
1,648 sqft
Floor
15th of 67
Parking
B4-23
Developer
Emaar
Completed
2021
Service charge
AED 37,900 /yr
Last sold
AED 6.52M · June 2020
Building
Opera Grand

About 1504, Opera Grand

1504 is a two-bedroom apartment of 1,648 sqft on the 15th floor of Opera Grand, a 67-storey tower in Downtown Dubai completed in 2021 by Emaar. The developer sold it on 21 June 2020 for AED 6,516,888, or AED 3,953 per sqft, 40% above the AED 2,833 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 22 May 2023. The current contract, signed on 22 May 2023, is AED 140,078 a year: a gross yield of 2.1% on the 2020 price, before the service charge of about AED 37,900 a year.

Sales and rents for 1504 over time

Sales
Unit 1504, each saleTypical two-bed in Opera Grand
4M6M2014201820222026Typical sale price by year: 2014 AED 4,872,888; 2015 AED 4,901,388; 2017 AED 5,594,444; 2018 AED 3,300,000; 2019 AED 3,954,444; 2020 AED 6,472,888; 2021 AED 6,529,727; 2022 AED 5,090,388; 2023 AED 4,318,592; 2024 AED 4,550,000; 2025 AED 4,750,000; 2026 AED 4,725,000Sold by developer, June 2020: AED 6,516,888 (AED 3,953 per sqft)

1504 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1504, each contractTypical two-bed in Opera Grand
150K200K250K202220242026Typical rent by year: 2022 AED 202,500; 2023 AED 225,000; 2024 AED 240,000; 2025 AED 240,000; 2026 AED 225,000New contract, May 2023: AED 140,078 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 Opera Grand, and where 1504 sits

All 148 2-beds →

1504 last sold in June 2020 at AED 3,953 per sqft, 40% above what two-beds in Opera Grand were fetching at the time (AED 2,833). Over the last 12 months two-beds sold for AED 3,750,000 to 7,000,000, around AED 2,795 per sqft, and rent for AED 146,475 to 350,000 a year. 1504's AED 140,078 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Aug 20264,650,000
20 Jul 20265,100,000
16 Jul 20264,800,000
13 Jul 20263,800,000
13 2-bed sales in the last 12 months

Opera Grand

Building

293 apartments, 1-bed to 5-bed over 67 floors in Downtown Dubai, completed in 2021 by Emaar. 23 sold in the last 12 months.

Typical price per sqft
AED 3,034 Up 4.2%
Typical sale
AED 5.1M
Typical rent
AED 235K /yr
Typical yield
5.1%
Opera Grand, Downtown Dubai: prices, sales and rents →

Other units on the 15th floor

All 293 units in Opera Grand
Value
15012-bedAED 4.68M · Oct 2014
15022-bedAED 6.31M · Jan 2022
15033-bedAED 9M · Aug 2022
15052-bedAED 4.72M · Oct 2014

1504, Opera Grand in numbers

  • Sold once: by Emaar on 21 June 2020 for AED 6,516,888, or AED 3,953 per sqft.
  • Rented since May 2023 on one Ejari contract, at AED 140,078 a year.
  • At AED 140,078 a year the gross yield on the 2020 price is 2.1%, before a service charge of about AED 37,900 a year (AED 23.00 per sqft).
  • Two-beds in Opera Grand sold for AED 3,750,000–7,000,000 in the 12 months to November 2026; the building's median across all types is AED 3,034 per sqft.

Source: Dubai Land Department. Updated 22 May 2023.

Questions about 1504, Opera Grand

What did unit 1504 last sell for?

AED 6,516,888 on 21 June 2020, sold by the developer: AED 3,953 per sqft for 1,648 sqft. It is the only registered sale of the unit.

What is the rent for unit 1504?

AED 140,078 a year on the contract signed on 22 May 2023.

How big is unit 1504?

1,648 sqft (153.1 sqm): a two-bedroom apartment on the 15th floor of a 67-storey tower completed in 2021.

What is unit 1504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Opera Grand sold for AED 3,750,000 to 7,000,000 in the last 12 months, around AED 2,795 per sqft.

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Mortgage on 1504, Opera Grand

Starts from the last sale price (AED 6.52M, 21 June 2020). Switch to today's estimate once you have unlocked it.
Price
AED 6,516,888
Deposit, UAE resident (20%)
AED 1,303,378
Deposit, non-resident (40%)
AED 2,606,755
Monthly over 25 years at 3.7%
AED 26,663

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