2-bed · 1,641 sqftVida Residence Downtown, Downtown Dubai · 24th floor · completed 2018

2404, Vida Residence Downtown

Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2404 · DLD and Ejari recordsUpdated 11 May 2023
Last soldAED 4.4M11 May 2023
Current rentAED 275K /yr10 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2404, Vida Residence Downtown

What is 2404 worth today?

Last sold for AED 4,400,000 in 2023

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11 May 2023SoldReady
AED 4,400,000AED 2,680 per sqft
10 Apr 2022RentedNew contract
AED 275,000/yr12 months · AED 168 per sqft
8 Sep 2021RentedNew contract
AED 200,000/yr12 months · AED 122 per sqft
11 Sep 2020RentedNew contract
AED 150,000/yr12 months · AED 92 per sqft
3 Sep 2019RentedNew contract
AED 190,000/yr12 months · AED 116 per sqft
14 Dec 2014Sold by developerOff-plan
AED 4,203,888AED 2,561 per sqft

Source: Dubai Land Department. Updated 11 May 2023.

Key facts

Type
2-bed hotel apartment
Size
1,641 sqft
Floor
24th of 58
Parking
B2-109
Developer
Emaar
Completed
2018
Last sold
AED 4.4M · May 2023

About 2404, Vida Residence Downtown

2404 is a two-bedroom hotel apartment of 1,641 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 11 May 2023 for AED 4,400,000, or AED 2,680 per sqft, 7% above the AED 2,500 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 10 April 2022, is AED 275,000 a year: a gross yield of 6.3% on the 2023 price.

Sales and rents for 2404 over time

Sales
Unit 2404, each saleTypical two-bed in Vida Residence Downtown
3M4M5M2014201820222026Typical 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, December 2014: AED 4,203,888 (AED 2,561 per sqft)Sold, May 2023: AED 4,400,000 (AED 2,680 per sqft)

2404 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2404, 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 190,000 a yearNew contract, September 2020: AED 150,000 a yearNew contract, September 2021: AED 200,000 a yearNew contract, April 2022: AED 275,000 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 2404 sits

All 144 2-beds →

2404 last sold in May 2023 at AED 2,680 per sqft, 7% above what two-beds in Vida Residence Downtown were fetching at the time (AED 2,500). 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. 2404's AED 275,000 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
24032-bedAED 2M · Aug 2020
24051-bedAED 1.68M · Mar 2014
24061-bedAED 2.53M · Feb 2025
24071-bedAED 841K · Sep 2020
24082-bedAED 4.6M · Nov 2024

2404, Vida Residence Downtown in numbers

  • Sold twice: first on 14 December 2014 for AED 4,203,888, last on 11 May 2023 for AED 4,400,000 (AED 2,680 per sqft).
  • Rented since September 2019 on 4 Ejari contracts. The rent fell from AED 190,000 to AED 150,000 in 2020 and recovered to AED 275,000 by April 2022.
  • At AED 275,000 a year the gross yield on the 2023 price is 6.3%.
  • 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 11 May 2023.

Questions about 2404, Vida Residence Downtown

What did unit 2404 last sell for?

AED 4,400,000 on 11 May 2023: AED 2,680 per sqft for 1,641 sqft. The unit has 2 registered sales; the first was AED 4,203,888 in December 2014.

What is the rent for unit 2404?

AED 275,000 a year on the contract signed on 10 April 2022. The previous contract, from September 2021, was AED 200,000; the unit has been rented since September 2019.

How big is unit 2404?

1,641 sqft (152.5 sqm): a two-bedroom hotel apartment on the 24th floor of a 58-storey tower completed in 2018.

What is unit 2404 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 2404, Vida Residence Downtown

Starts from the last sale price (AED 4.4M, 11 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,400,000
Deposit, UAE resident (20%)
AED 880,000
Deposit, non-resident (40%)
AED 1,760,000
Monthly over 25 years at 3.7%
AED 18,002

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