2-bed · 1,096 sqftAddress Harbour Point Tower 2, Dubai Creek Harbour · 7th floor · completed 2023

705, Address Harbour Point Tower 2

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

Unit 705 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 2.72M26 February 2020
Current rentAED 220K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 705, Address Harbour Point Tower 2

What is 705 worth today?

Last sold for AED 2,716,888 in 2020

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1 Apr 2024RentedNew contract
AED 220,000/yr12 months · AED 200 per sqft
26 Feb 2020Sold by developerOff-plan
AED 2,716,888AED 2,481 per sqft

Source: Dubai Land Department. Updated 1 April 2024.

Key facts

Type
2-bed hotel apartment
Size
1,096 sqft
Floor
7th of 65
Parking
L2-T2-881
Developer
Emaar
Completed
2023
Last sold
AED 2.72M · February 2020

About 705, Address Harbour Point Tower 2

705 is a two-bedroom hotel apartment of 1,096 sqft on the 7th floor of Address Harbour Point Tower 2, a 65-storey tower in Dubai Creek Harbour completed in 2023 by Emaar. The developer sold it on 26 February 2020 for AED 2,716,888, or AED 2,481 per sqft, in line with the AED 2,450 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 April 2024. The current contract, signed on 1 April 2024, is AED 220,000 a year: a gross yield of 8.1% on the 2020 price.

Sales and rents for 705 over time

Sales
Unit 705, each saleTypical two-bed in Address Harbour Point Tower 2
3M4M2017202020232026Typical sale price by year: 2017 AED 2,579,388; 2018 AED 2,765,388; 2019 AED 2,732,388; 2020 AED 2,716,888; 2021 AED 3,144,944; 2022 AED 2,948,888; 2023 AED 3,330,000; 2024 AED 3,913,325; 2025 AED 3,936,697; 2026 AED 3,862,500Sold by developer, February 2020: AED 2,716,888 (AED 2,481 per sqft)

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

Rents
Unit 705, each contractTypical two-bed in Address Harbour Point Tower 2
200K220K2024202520262027Typical rent by year: 2024 AED 205,000; 2025 AED 220,000; 2026 AED 195,000New contract, April 2024: AED 220,000 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 Address Harbour Point Tower 2, and where 705 sits

All 248 2-beds →

705 last sold in February 2020 at AED 2,481 per sqft, in line with what two-beds in Address Harbour Point Tower 2 were fetching at the time (AED 2,450). Over the last 12 months two-beds sold for AED 1,400,000 to 4,750,000, around AED 3,171 per sqft, and rent for AED 85,000 to 350,000 a year. 705's AED 220,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Oct 20261,400,000
16 Oct 20263,435,000
3 Oct 20263,850,000
17 Sep 20264,390,000
23 2-bed sales in the last 12 months

Address Harbour Point Tower 2

Building

529 apartments, 1-bed to 4-bed over 65 floors in Dubai Creek Harbour, completed in 2023 by Emaar. 43 sold in the last 12 months.

Typical price per sqft
AED 3,393 Down 1.6%
Typical sale
AED 3.53M
Typical rent
AED 175K /yr
Typical yield
5.2%
Address Harbour Point Tower 2, Dubai Creek Harbour: prices, sales and rents →
Value
7012-bedAED 2.81M · Feb 2019
7021-bedAED 2M · May 2018
7031-bedAED 2.1M · Feb 2019
7041-bedAED 1.99M · Jul 2019
7062-bedAED 2.37M · Jun 2019
7071-bedAED 2.1M · Mar 2024
7081-bedAED 1.52M · Aug 2018
1–7 of 9

705, Address Harbour Point Tower 2 in numbers

  • Sold once: by Emaar on 26 February 2020 for AED 2,716,888, or AED 2,481 per sqft.
  • Rented since April 2024 on one Ejari contract, at AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2020 price is 8.1%.
  • Two-beds in Address Harbour Point Tower 2 sold for AED 1,400,000–4,750,000 in the 12 months to November 2026; the building's median across all types is AED 3,393 per sqft.

Source: Dubai Land Department. Updated 1 April 2024.

Questions about 705, Address Harbour Point Tower 2

What did unit 705 last sell for?

AED 2,716,888 on 26 February 2020, sold by the developer: AED 2,481 per sqft for 1,096 sqft. It is the only registered sale of the unit.

What is the rent for unit 705?

AED 220,000 a year on the contract signed on 1 April 2024.

How big is unit 705?

1,096 sqft (101.8 sqm): a two-bedroom hotel apartment on the 7th floor of a 65-storey tower completed in 2023.

What is unit 705 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Address Harbour Point Tower 2 sold for AED 1,400,000 to 4,750,000 in the last 12 months, around AED 3,171 per sqft.

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Mortgage on 705, Address Harbour Point Tower 2

Starts from the last sale price (AED 2.72M, 26 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,716,888
Deposit, UAE resident (20%)
AED 543,378
Deposit, non-resident (40%)
AED 1,086,755
Monthly over 25 years at 3.7%
AED 11,116

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