2-bed · 1,754 sqftRP Heights, Downtown Dubai · 24th floor · completed 2020

2406, RP Heights

Sold prices and rental history: sold once, by the developer in May 2022, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2406 · DLD and Ejari recordsUpdated 15 August 2023
Last soldAED 2.9M30 May 2022
Current rentAED 190K /yr15 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2406, RP Heights

What is 2406 worth today?

Last sold for AED 2,895,000 in 2022

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15 Aug 2023RentedNew contract
AED 190,000/yr12 months · AED 108 per sqft
30 May 2022Sold by developerReady
AED 2,895,000AED 1,650 per sqft
20 May 2021RentedNew contract
AED 125,000/yr14 months · AED 71 per sqft

Source: Dubai Land Department. Updated 15 August 2023.

Key facts

Type
2-bed apartment
Size
1,754 sqft
Floor
24th of 49
Parking
P3-14
Developer
RP Global Developers
Completed
2020
Service charge
AED 28,600 /yr
Last sold
AED 2.9M · May 2022
Building
RP Heights

About 2406, RP Heights

2406 is a two-bedroom apartment of 1,754 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 30 May 2022 for AED 2,895,000, or AED 1,650 per sqft, 50% above the AED 1,099 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 15 August 2023, is AED 190,000 a year: a gross yield of 6.6% on the 2022 price, before the service charge of about AED 28,600 a year.

Sales and rents for 2406 over time

Sales
Unit 2406, 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, May 2022: AED 2,895,000 (AED 1,650 per sqft)

2406 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2406, each contractTypical two-bed in RP Heights
150K200K2020202220242026Typical 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, May 2021: AED 125,000 a yearNew contract, August 2023: AED 190,000 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 2406 sits

All 123 2-beds →

2406 last sold in May 2022 at AED 1,650 per sqft, 50% above what two-beds in RP Heights were fetching at the time (AED 1,099). 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. 2406's AED 190,000 is in the lower half 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
24022-bedAED 2.92M · Jun 2023
24032-bedNo registered sale
24041-bedAED 1.12M · Aug 2021
24051-bedAED 1.41M · Jul 2020
24072-bedNo registered sale

2406, RP Heights in numbers

  • Sold once: by RP Global Developers on 30 May 2022 for AED 2,895,000, or AED 1,650 per sqft.
  • Rented since May 2021 on 2 Ejari contracts, from AED 125,000 to AED 190,000 a year.
  • At AED 190,000 a year the gross yield on the 2022 price is 6.6%, before a service charge of about AED 28,600 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 15 August 2023.

Questions about 2406, RP Heights

What did unit 2406 last sell for?

AED 2,895,000 on 30 May 2022, sold by the developer: AED 1,650 per sqft for 1,754 sqft. It is the only registered sale of the unit.

What is the rent for unit 2406?

AED 190,000 a year on the contract signed on 15 August 2023. The previous contract, from May 2021, was AED 125,000.

How big is unit 2406?

1,754 sqft (163.0 sqm): a two-bedroom apartment on the 24th floor of a 49-storey tower completed in 2020.

What is unit 2406 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 2406, RP Heights

Starts from the last sale price (AED 2.9M, 30 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,895,000
Deposit, UAE resident (20%)
AED 579,000
Deposit, non-resident (40%)
AED 1,158,000
Monthly over 25 years at 3.7%
AED 11,844

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