3-bed · 2,697 sqftOpera Grand, Downtown Dubai · 47th floor · completed 2021

4703, Opera Grand

Sold prices and rental history: sold twice, last in August 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4703 · DLD and Ejari recordsUpdated 7 August 2024
Last soldAED 11M7 August 2024
Current rentAED 475K /yr1 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4703, Opera Grand

What is 4703 worth today?

Last sold for AED 11,000,000 in 2024

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7 Aug 2024SoldReady
AED 11,000,000AED 4,077 per sqft
1 Dec 2023RentedRenewal
AED 475,000/yr12 months · AED 176 per sqft
1 Dec 2022RentedNew contract
AED 475,000/yr12 months · AED 176 per sqft
3 Nov 2014Sold by developerOff-plan
AED 11,296,888AED 4,187 per sqft

Source: Dubai Land Department. Updated 7 August 2024.

Key facts

Type
3-bed apartment
Size
2,697 sqft
Floor
47th of 67
Parking
B2-11,B2-12
Developer
Emaar
Completed
2021
Service charge
AED 62,000 /yr
Last sold
AED 11M · August 2024
Building
Opera Grand

About 4703, Opera Grand

4703 is a three-bedroom apartment of 2,697 sqft on the 47th floor of Opera Grand, a 67-storey tower in Downtown Dubai completed in 2021 by Emaar. It last sold on 7 August 2024 for AED 11,000,000, or AED 4,077 per sqft, in line with the AED 3,998 three-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 1 December 2023, is AED 475,000 a year: a gross yield of 4.3% on the 2024 price, before the service charge of about AED 62,000 a year.

Sales and rents for 4703 over time

Sales
Unit 4703, each saleTypical three-bed in Opera Grand
8M10M2014201820222026Typical sale price by year: 2014 AED 8,415,888; 2015 AED 10,514,888; 2016 AED 8,355,888; 2019 AED 8,345,888; 2020 AED 8,350,888; 2021 AED 8,326,932; 2022 AED 8,526,289; 2023 AED 8,712,799; 2024 AED 10,500,000; 2025 AED 8,619,444; 2026 AED 9,498,000Sold by developer, November 2014: AED 11,296,888 (AED 4,187 per sqft)Sold, August 2024: AED 11,000,000 (AED 4,077 per sqft)

4703 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4703, each contractTypical three-bed in Opera Grand
400K450K202220242026Typical rent by year: 2022 AED 410,000; 2023 AED 400,000; 2024 AED 410,000; 2025 AED 430,000; 2026 AED 407,500New contract, December 2022: AED 475,000 a yearRenewal, December 2023: AED 475,000 a year

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

3-beds in Opera Grand, and where 4703 sits

All 78 3-beds →

4703 last sold in August 2024 at AED 4,077 per sqft, in line with what three-beds in Opera Grand were fetching at the time (AED 3,998). Over the last 12 months three-beds sold for AED 6,920,000 to 12,200,000, around AED 3,818 per sqft, and rent for AED 230,000 to 600,000 a year. 4703's AED 475,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
3 Sep 20266,920,000
17 Mar 20269,498,000
16 Feb 202612,200,000
24 Dec 20258,000,000
5 3-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 47th floor

All 293 units in Opera Grand
Value
47012-bedAED 5.06M · Apr 2022
47024-bedAED 12.91M · Dec 2015
47042-bedAED 4.98M · Nov 2014
47051-bedAED 2.15M · Jan 2019

4703, Opera Grand in numbers

  • Sold twice: first on 3 November 2014 for AED 11,296,888, last on 7 August 2024 for AED 11,000,000 (AED 4,077 per sqft).
  • Rented since December 2022 on 2 Ejari contracts, at AED 475,000 a year.
  • At AED 475,000 a year the gross yield on the 2024 price is 4.3%, before a service charge of about AED 62,000 a year (AED 23.00 per sqft).
  • Three-beds in Opera Grand sold for AED 6,920,000–12,200,000 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 7 August 2024.

Questions about 4703, Opera Grand

What did unit 4703 last sell for?

AED 11,000,000 on 7 August 2024: AED 4,077 per sqft for 2,697 sqft. The unit has 2 registered sales; the first was AED 11,296,888 in November 2014.

What is the rent for unit 4703?

AED 475,000 a year on the contract renewed on 1 December 2023. The previous contract, from December 2022, was AED 475,000.

How big is unit 4703?

2,697 sqft (250.6 sqm): a three-bedroom apartment on the 47th floor of a 67-storey tower completed in 2021.

What is unit 4703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Opera Grand sold for AED 6,920,000 to 12,200,000 in the last 12 months, around AED 3,818 per sqft.

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Mortgage on 4703, Opera Grand

Starts from the last sale price (AED 11M, 7 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 11,000,000
Deposit, UAE resident (20%)
AED 2,200,000
Deposit, non-resident (40%)
AED 4,400,000
Monthly over 25 years at 3.7%
AED 45,004

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