2-bed · 1,042 sqftCreek Gate Tower 1, Dubai Creek Harbour · 7th floor · completed 2021

705, Creek Gate Tower 1

Sold prices and rental history: sold once, by the developer in March 2017, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 31 May 2023
Last soldAED 1.85M28 March 2017
Current rentAED 83K /yr31 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 705, Creek Gate Tower 1

What is 705 worth today?

Last sold for AED 1,852,888 in 2017

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31 May 2023RentedRenewal
AED 83,000/yr12 months · AED 80 per sqft
24 May 2022RentedNew contract
AED 83,224/yr12 months · AED 81 per sqft
28 Mar 2017Sold by developerOff-plan
AED 1,852,888AED 1,777 per sqft

Source: Dubai Land Department. Updated 31 May 2023.

Key facts

Type
2-bed apartment
Size
1,042 sqft
Floor
7th of 35
Parking
B1-196
Developer
Emaar
Completed
2021
Service charge
AED 15,600 /yr
Last sold
AED 1.85M · March 2017

About 705, Creek Gate Tower 1

705 is a two-bedroom apartment of 1,042 sqft on the 7th floor of Creek Gate Tower 1, a 35-storey tower in Dubai Creek Harbour completed in 2021 by Emaar. The developer sold it on 28 March 2017 for AED 1,852,888, or AED 1,777 per sqft, 26% above the AED 1,412 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 31 May 2023, is AED 83,000 a year: a gross yield of 4.5% on the 2017 price, before the service charge of about AED 15,600 a year.

Sales and rents for 705 over time

Sales
Unit 705, each saleTypical two-bed in Creek Gate Tower 1
2M2017202020232026Typical sale price by year: 2017 AED 1,569,888; 2018 AED 1,859,888; 2019 AED 1,935,388; 2020 AED 1,822,388; 2021 AED 1,913,888; 2022 AED 1,954,000; 2023 AED 2,125,000; 2024 AED 2,325,000; 2025 AED 2,525,000; 2026 AED 2,700,000Sold by developer, March 2017: AED 1,852,888 (AED 1,777 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 Creek Gate Tower 1
75K100K125K202220242026Typical rent by year: 2022 AED 88,000; 2023 AED 100,000; 2024 AED 120,000; 2025 AED 130,000; 2026 AED 125,000New contract, May 2022: AED 83,224 a yearRenewal, May 2023: AED 83,000 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 Creek Gate Tower 1, and where 705 sits

All 133 2-beds →

705 last sold in March 2017 at AED 1,777 per sqft, 26% above what two-beds in Creek Gate Tower 1 were fetching at the time (AED 1,412). Over the last 12 months two-beds sold for AED 2,225,000 to 2,880,000, around AED 2,391 per sqft, and rent for AED 100,000 to 190,000 a year. 705's AED 83,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Jul 20262,700,000
25 Jun 20262,880,000
5 Jan 20262,500,000
25 Nov 20252,225,000
5 2-bed sales in the last 12 months

Creek Gate Tower 1

Building

267 apartments, 1-bed to 4-bed over 35 floors in Dubai Creek Harbour, completed in 2021 by Emaar. 14 sold in the last 12 months.

Typical price per sqft
AED 2,376 Up 0.7%
Typical sale
AED 2.55M
Typical rent
AED 130K /yr
Typical yield
5.1%
Creek Gate Tower 1, Dubai Creek Harbour: prices, sales and rents →

Other units on the 7th floor

All 267 units in Creek Gate Tower 1
Value
7011-bedAED 1.02M · Mar 2017
7022-bedAED 1.79M · Aug 2021
7033-bedAED 3.63M · Jul 2023
7042-bedAED 1.94M · Oct 2019
7063-bedAED 2.54M · Sep 2017
7072-bedAED 2.13M · Dec 2024
7081-bedAED 1.23M · Sep 2024

705, Creek Gate Tower 1 in numbers

  • Sold once: by Emaar on 28 March 2017 for AED 1,852,888, or AED 1,777 per sqft.
  • Rented since May 2022 on 2 Ejari contracts, from AED 83,224 to AED 83,000 a year.
  • At AED 83,000 a year the gross yield on the 2017 price is 4.5%, before a service charge of about AED 15,600 a year (AED 15.00 per sqft).
  • Two-beds in Creek Gate Tower 1 sold for AED 2,225,000–2,880,000 in the 12 months to November 2026; the building's median across all types is AED 2,376 per sqft.

Source: Dubai Land Department. Updated 31 May 2023.

Questions about 705, Creek Gate Tower 1

What did unit 705 last sell for?

AED 1,852,888 on 28 March 2017, sold by the developer: AED 1,777 per sqft for 1,042 sqft. It is the only registered sale of the unit.

What is the rent for unit 705?

AED 83,000 a year on the contract renewed on 31 May 2023. The previous contract, from May 2022, was AED 83,224.

How big is unit 705?

1,042 sqft (96.8 sqm): a two-bedroom apartment on the 7th floor of a 35-storey tower completed in 2021.

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 Creek Gate Tower 1 sold for AED 2,225,000 to 2,880,000 in the last 12 months, around AED 2,391 per sqft.

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Mortgage on 705, Creek Gate Tower 1

Starts from the last sale price (AED 1.85M, 28 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,852,888
Deposit, UAE resident (20%)
AED 370,578
Deposit, non-resident (40%)
AED 741,155
Monthly over 25 years at 3.7%
AED 7,581

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