2-bed · 2,021 sqftRP Heights, Downtown Dubai · 24th floor · completed 2020

2401, RP Heights

Sold prices and rental history: sold once, by the developer in October 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2401 · DLD and Ejari recordsUpdated 31 October 2024
Last soldAED 3.47M31 October 2024
Current rentAED 728K /yr30 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2401, RP Heights

What is 2401 worth today?

Last sold for AED 3,466,919 in 2024

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31 Oct 2024Sold by developerReady
AED 3,466,919AED 1,715 per sqft
30 Nov 2022RentedNew contract
AED 727,560/yr60 months · AED 360 per sqft
15 Dec 2021RentedRenewal
AED 126,000/yr12 months · AED 62 per sqft
15 Dec 2020RentedNew contract
AED 126,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 31 October 2024.

Key facts

Type
2-bed apartment
Size
2,021 sqft
Floor
24th of 49
Parking
P5-47
Developer
RP Global Developers
Completed
2020
Service charge
AED 32,900 /yr
Last sold
AED 3.47M · October 2024
Building
RP Heights

About 2401, RP Heights

2401 is a two-bedroom apartment of 2,021 sqft on the 24th floor of RP Heights, a 49-storey tower in Downtown Dubai completed in 2020 by RP Global Developers. The developer sold it on 31 October 2024 for AED 3,466,919, or AED 1,715 per sqft, 56% above the AED 1,100 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 30 November 2022, is AED 727,560 a year: a gross yield of 21.0% on the 2024 price, before the service charge of about AED 32,900 a year.

Sales and rents for 2401 over time

Sales
Unit 2401, each saleTypical two-bed in RP Heights
2M3M2015201820212024Typical sale price by year: 2015 AED 3,059,990; 2016 AED 3,397,328; 2021 AED 2,238,172; 2022 AED 2,564,502; 2023 AED 2,022,900; 2024 AED 3,233,460; 2025 AED 3,585,000Sold by developer, October 2024: AED 3,466,919 (AED 1,715 per sqft)

2401 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2401, each contractTypical two-bed in RP Heights
500K2020202220242026Typical rent by year: 2020 AED 120,000; 2021 AED 117,750; 2022 AED 126,000; 2023 AED 170,000; 2024 AED 180,000; 2025 AED 185,000; 2026 AED 170,000New contract, December 2020: AED 126,000 a yearRenewal, December 2021: AED 126,000 a yearNew contract, November 2022: AED 727,560 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 RP Heights, and where 2401 sits

All 123 2-beds →

2401 last sold in October 2024 at AED 1,715 per sqft, 56% above what two-beds in RP Heights were fetching at the time (AED 1,100). Over the last 12 months two-beds sold for AED 4,100,000 to 4,325,000, around AED 2,068 per sqft, and rent for AED 145,000 to 325,000 a year. 2401's AED 727,560 is at the top of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
4 Aug 20264,100,000
6 May 20264,325,000
9 Oct 20253,473,539
15 Jul 20254,450,000
2 2-bed sales in the last 12 months

RP Heights

Building

290 apartments, studios to 6-bed over 49 floors in Downtown Dubai, completed in 2020 by RP Global Developers. 11 sold in the last 12 months.

Typical price per sqft
AED 1,835 Down 3.1%
Typical sale
AED 2.1M
Typical rent
AED 130K /yr
Typical yield
5.5%
RP Heights, Downtown Dubai: prices, sales and rents →

Other units on the 24th floor

All 290 units in RP Heights
Value
24022-bedAED 2.92M · Jun 2023
24032-bedNo registered sale
24041-bedAED 1.12M · Aug 2021
24051-bedAED 1.41M · Jul 2020
24062-bedAED 2.9M · May 2022
24072-bedNo registered sale

2401, RP Heights in numbers

  • Sold once: by RP Global Developers on 31 October 2024 for AED 3,466,919, or AED 1,715 per sqft.
  • Rented since December 2020 on 3 Ejari contracts, from AED 126,000 to AED 727,560 a year.
  • At AED 727,560 a year the gross yield on the 2024 price is 21.0%, before a service charge of about AED 32,900 a year (AED 16.28 per sqft).
  • Two-beds in RP Heights sold for AED 4,100,000–4,325,000 in the 12 months to November 2026; the building's median across all types is AED 1,835 per sqft.

Source: Dubai Land Department. Updated 31 October 2024.

Questions about 2401, RP Heights

What did unit 2401 last sell for?

AED 3,466,919 on 31 October 2024, sold by the developer: AED 1,715 per sqft for 2,021 sqft. It is the only registered sale of the unit.

What is the rent for unit 2401?

AED 727,560 a year on the contract signed on 30 November 2022. The previous contract, from December 2021, was AED 126,000; the unit has been rented since December 2020.

How big is unit 2401?

2,021 sqft (187.8 sqm): a two-bedroom apartment on the 24th floor of a 49-storey tower completed in 2020.

What is unit 2401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in RP Heights sold for AED 4,100,000 to 4,325,000 in the last 12 months, around AED 2,068 per sqft.

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Mortgage on 2401, RP Heights

Starts from the last sale price (AED 3.47M, 31 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,466,919
Deposit, UAE resident (20%)
AED 693,384
Deposit, non-resident (40%)
AED 1,386,768
Monthly over 25 years at 3.7%
AED 14,184

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