2-bed · 1,389 sqftVida Residence Downtown, Downtown Dubai · 24th floor · completed 2018

2403, Vida Residence Downtown

Sold prices and rental history: sold twice, last in August 2020, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2403 · DLD and Ejari recordsUpdated 28 August 2024
Last soldAED 2M16 August 2020
Current rentAED 270K /yr28 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2403, Vida Residence Downtown

What is 2403 worth today?

Last sold for AED 2,000,000 in 2020

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28 Aug 2024RentedNew contract
AED 270,000/yr12 months · AED 194 per sqft
20 Feb 2024RentedRenewal
AED 300,000/yr6 months · AED 216 per sqft
20 Aug 2023RentedNew contract
AED 300,000/yr6 months · AED 216 per sqft
25 Dec 2022RentedNew contract
AED 274,999/yr7 months · AED 198 per sqft
10 Nov 2021RentedRenewal
AED 165,000/yr12 months · AED 119 per sqft
10 Nov 2020RentedNew contract
AED 155,000/yr12 months · AED 112 per sqft
16 Aug 2020SoldReady
AED 2,000,000AED 1,439 per sqft
8 Sep 2019RentedNew contract
AED 170,000/yr12 months · AED 122 per sqft

Source: Dubai Land Department. Updated 28 August 2024.

Key facts

Type
2-bed hotel apartment
Size
1,389 sqft
Floor
24th of 58
Parking
B2-8
Developer
Emaar
Completed
2018
Last sold
AED 2M · August 2020

About 2403, Vida Residence Downtown

2403 is a two-bedroom hotel apartment of 1,389 sqft on the 24th floor of Vida Residence Downtown, a 58-storey tower in Downtown Dubai completed in 2018 by Emaar. It last sold on 16 August 2020 for AED 2,000,000, or AED 1,439 per sqft, 31% below the AED 2,084 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 28 August 2024, is AED 270,000 a year: a gross yield of 13.5% on the 2020 price.

Sales and rents for 2403 over time

Sales
Unit 2403, each saleTypical two-bed in Vida Residence Downtown
2M4M2014201820222026Typical sale price by year: 2014 AED 3,536,388; 2015 AED 3,846,888; 2016 AED 3,435,888; 2017 AED 3,100,000; 2018 AED 3,573,444; 2019 AED 3,837,888; 2020 AED 2,512,500; 2021 AED 3,382,055; 2022 AED 3,525,000; 2023 AED 3,935,000; 2024 AED 4,400,000; 2025 AED 4,630,000; 2026 AED 4,600,000Sold by developer, October 2014: AED 3,493,888 (AED 2,515 per sqft)Sold, August 2020: AED 2,000,000 (AED 1,439 per sqft)

2403 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2403, each contractTypical two-bed in Vida Residence Downtown
200K300K20192021202320252027Typical rent by year: 2019 AED 170,000; 2020 AED 150,000; 2021 AED 180,000; 2022 AED 260,000; 2023 AED 278,000; 2024 AED 285,000; 2025 AED 271,500; 2026 AED 255,000New contract, September 2019: AED 170,000 a yearNew contract, November 2020: AED 155,000 a yearRenewal, November 2021: AED 165,000 a yearNew contract, December 2022: AED 274,999 a yearNew contract, August 2023: AED 300,000 a yearRenewal, February 2024: AED 300,000 a yearNew contract, August 2024: AED 270,000 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 Vida Residence Downtown, and where 2403 sits

All 144 2-beds →

2403 last sold in August 2020 at AED 1,439 per sqft, 31% below what two-beds in Vida Residence Downtown were fetching at the time (AED 2,084). Over the last 12 months two-beds sold for AED 3,950,000 to 7,500,000, around AED 3,239 per sqft, and rent for AED 90,000 to 550,000 a year. 2403's AED 270,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Sep 20264,550,000
21 Sep 20265,025,000
2 Sep 20263,950,000
14 Aug 20264,300,000
17 2-bed sales in the last 12 months

Vida Residence Downtown

Building

343 apartments, 1-bed to 5-bed over 58 floors in Downtown Dubai, completed in 2018 by Emaar. 34 sold in the last 12 months.

Typical price per sqft
AED 3,198 Up 2.1%
Typical sale
AED 4.6M
Typical rent
AED 200K /yr
Typical yield
5.4%
Vida Residence Downtown, Downtown Dubai: prices, sales and rents →

Other units on the 24th floor

All 343 units in Vida Residence Downtown
Value
24012-bedAED 4.55M · Feb 2024
24023-bedAED 7.6M · Jan 2026
24042-bedAED 4.4M · May 2023
24051-bedAED 1.68M · Mar 2014
24061-bedAED 2.53M · Feb 2025
24071-bedAED 841K · Sep 2020
24082-bedAED 4.6M · Nov 2024

2403, Vida Residence Downtown in numbers

  • Sold twice: first on 27 October 2014 for AED 3,493,888, last on 16 August 2020 for AED 2,000,000 (AED 1,439 per sqft).
  • Rented since September 2019 on 7 Ejari contracts, from AED 170,000 to AED 270,000 a year.
  • At AED 270,000 a year the gross yield on the 2020 price is 13.5%.
  • Two-beds in Vida Residence Downtown sold for AED 3,950,000–7,500,000 in the 12 months to November 2026; the building's median across all types is AED 3,198 per sqft.

Source: Dubai Land Department. Updated 28 August 2024.

Questions about 2403, Vida Residence Downtown

What did unit 2403 last sell for?

AED 2,000,000 on 16 August 2020: AED 1,439 per sqft for 1,389 sqft. The unit has 2 registered sales; the first was AED 3,493,888 in October 2014.

What is the rent for unit 2403?

AED 270,000 a year on the contract signed on 28 August 2024. The previous contract, from February 2024, was AED 300,000; the unit has been rented since September 2019.

How big is unit 2403?

1,389 sqft (129.0 sqm): a two-bedroom hotel apartment on the 24th floor of a 58-storey tower completed in 2018.

What is unit 2403 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Vida Residence Downtown sold for AED 3,950,000 to 7,500,000 in the last 12 months, around AED 3,239 per sqft.

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Mortgage on 2403, Vida Residence Downtown

Starts from the last sale price (AED 2M, 16 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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