2-bed · 1,769 sqftRP Heights, Downtown Dubai · 24th floor · completed 2020

2402, RP Heights

Sold prices and rental history: sold once, by the developer in June 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2402 · DLD and Ejari recordsUpdated 20 June 2023
Last soldAED 2.92M20 June 2023
Current rentAED 880K /yr25 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2402, RP Heights

What is 2402 worth today?

Last sold for AED 2,919,170 in 2023

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20 Jun 2023Sold by developerReady
AED 2,919,170AED 1,650 per sqft
25 Jul 2022RentedNew contract
AED 879,845/yr12 months · AED 498 per sqft
25 Jul 2022RentedNew contract
AED 619,150/yr60 months · AED 350 per sqft
7 Jul 2021RentedNew contract
AED 113,000/yr12 months · AED 64 per sqft

Source: Dubai Land Department. Updated 20 June 2023.

Key facts

Type
2-bed apartment
Size
1,769 sqft
Floor
24th of 49
Parking
P5-48
Developer
RP Global Developers
Completed
2020
Service charge
AED 28,800 /yr
Last sold
AED 2.92M · June 2023
Building
RP Heights

About 2402, RP Heights

2402 is a two-bedroom apartment of 1,769 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 20 June 2023 for AED 2,919,170, or AED 1,650 per sqft, 11% above the AED 1,482 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 25 July 2022, is AED 879,845 a year: a gross yield of 30.1% on the 2023 price, before the service charge of about AED 28,800 a year.

Sales and rents for 2402 over time

Sales
Unit 2402, 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, June 2023: AED 2,919,170 (AED 1,650 per sqft)

2402 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2402, each contractTypical two-bed in RP Heights
0500K1M2020202220242026Typical 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, July 2021: AED 113,000 a yearNew contract, July 2022: AED 879,845 a yearNew contract, July 2022: AED 619,150 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 2402 sits

All 123 2-beds →

2402 last sold in June 2023 at AED 1,650 per sqft, 11% above what two-beds in RP Heights were fetching at the time (AED 1,482). 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. 2402's AED 879,845 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
24012-bedAED 3.47M · Oct 2024
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

2402, RP Heights in numbers

  • Sold once: by RP Global Developers on 20 June 2023 for AED 2,919,170, or AED 1,650 per sqft.
  • Rented since July 2021 on 3 Ejari contracts, from AED 113,000 to AED 879,845 a year.
  • At AED 879,845 a year the gross yield on the 2023 price is 30.1%, before a service charge of about AED 28,800 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 20 June 2023.

Questions about 2402, RP Heights

What did unit 2402 last sell for?

AED 2,919,170 on 20 June 2023, sold by the developer: AED 1,650 per sqft for 1,769 sqft. It is the only registered sale of the unit.

What is the rent for unit 2402?

AED 879,845 a year on the contract signed on 25 July 2022. The previous contract, from July 2022, was AED 619,150; the unit has been rented since July 2021.

How big is unit 2402?

1,769 sqft (164.3 sqm): a two-bedroom apartment on the 24th floor of a 49-storey tower completed in 2020.

What is unit 2402 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 2402, RP Heights

Starts from the last sale price (AED 2.92M, 20 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,919,170
Deposit, UAE resident (20%)
AED 583,834
Deposit, non-resident (40%)
AED 1,167,668
Monthly over 25 years at 3.7%
AED 11,943

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