2-bed · 1,108 sqftCreek Rise Tower 1, Dubai Creek Harbour · 4th floor · completed 2022

402, Creek Rise Tower 1

Sold prices and rental history: sold once, by the developer in December 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 10 September 2024
Last soldAED 1.89M18 December 2019
Current rentAED 140K /yr10 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Creek Rise Tower 1

What is 402 worth today?

Last sold for AED 1,893,888 in 2019

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10 Sep 2024RentedRenewal
AED 140,000/yr12 months · AED 126 per sqft
7 Sep 2022RentedNew contract
AED 90,000/yr12 months · AED 81 per sqft
18 Dec 2019Sold by developerOff-plan
AED 1,893,888AED 1,710 per sqft

Source: Dubai Land Department. Updated 10 September 2024.

Key facts

Type
2-bed apartment
Size
1,108 sqft
Floor
4th of 38
Parking
M-80
Developer
Emaar
Completed
2022
Last sold
AED 1.89M · December 2019

About 402, Creek Rise Tower 1

402 is a two-bedroom apartment of 1,108 sqft on the 4th floor of Creek Rise Tower 1, a 38-storey tower in Dubai Creek Harbour completed in 2022 by Emaar. The developer sold it on 18 December 2019 for AED 1,893,888, or AED 1,710 per sqft, 12% above the AED 1,523 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 10 September 2024, is AED 140,000 a year: a gross yield of 7.4% on the 2019 price.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical two-bed in Creek Rise Tower 1
1.5M2M2.5M2017202020232026Typical sale price by year: 2017 AED 1,603,888; 2018 AED 1,609,888; 2019 AED 1,753,888; 2020 AED 1,653,888; 2021 AED 1,721,388; 2022 AED 2,100,000; 2023 AED 2,300,000; 2024 AED 2,400,000; 2025 AED 2,600,000; 2026 AED 2,500,000Sold by developer, December 2019: AED 1,893,888 (AED 1,710 per sqft)

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

Rents
Unit 402, each contractTypical two-bed in Creek Rise Tower 1
100K125K202220242026Typical rent by year: 2022 AED 105,000; 2023 AED 115,000; 2024 AED 130,000; 2025 AED 137,000; 2026 AED 135,000New contract, September 2022: AED 90,000 a yearRenewal, September 2024: AED 140,000 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 Rise Tower 1, and where 402 sits

All 137 2-beds →

402 last sold in December 2019 at AED 1,710 per sqft, 12% above what two-beds in Creek Rise Tower 1 were fetching at the time (AED 1,523). Over the last 12 months two-beds sold for AED 1,540,888 to 2,800,000, around AED 2,254 per sqft, and rent for AED 80,000 to 180,000 a year. 402's AED 140,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Oct 20262,650,000
1 Sep 20262,500,000
3 Jul 20262,500,000
2 Jul 20262,600,000
11 2-bed sales in the last 12 months

Creek Rise Tower 1

Building

297 apartments, 1-bed to 4-bed over 38 floors in Dubai Creek Harbour, completed in 2022 by Emaar. 15 sold in the last 12 months.

Typical price per sqft
AED 2,229 Down 0.4%
Typical sale
AED 2.55M
Typical rent
AED 135K /yr
Typical yield
5.5%
Creek Rise Tower 1, Dubai Creek Harbour: prices, sales and rents →

Other units on the 4th floor

All 297 units in Creek Rise Tower 1
Value
4012-bedAED 1.99M · Oct 2017
4032-bedAED 1.89M · Sep 2017
4041-bedAED 1.38M · Oct 2017
4051-bedAED 1.34M · Sep 2017
4061-bedAED 1.7M · Dec 2024
4072-bedAED 2.02M · Jul 2022
4082-bedAED 1.52M · Aug 2017
1–7 of 8

402, Creek Rise Tower 1 in numbers

  • Sold once: by Emaar on 18 December 2019 for AED 1,893,888, or AED 1,710 per sqft.
  • Rented since September 2022 on 2 Ejari contracts, from AED 90,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2019 price is 7.4%.
  • Two-beds in Creek Rise Tower 1 sold for AED 1,540,888–2,800,000 in the 12 months to November 2026; the building's median across all types is AED 2,229 per sqft.

Source: Dubai Land Department. Updated 10 September 2024.

Questions about 402, Creek Rise Tower 1

What did unit 402 last sell for?

AED 1,893,888 on 18 December 2019, sold by the developer: AED 1,710 per sqft for 1,108 sqft. It is the only registered sale of the unit.

What is the rent for unit 402?

AED 140,000 a year on the contract renewed on 10 September 2024. The previous contract, from September 2022, was AED 90,000.

How big is unit 402?

1,108 sqft (102.9 sqm): a two-bedroom apartment on the 4th floor of a 38-storey tower completed in 2022.

What is unit 402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Creek Rise Tower 1 sold for AED 1,540,888 to 2,800,000 in the last 12 months, around AED 2,254 per sqft.

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Mortgage on 402, Creek Rise Tower 1

Starts from the last sale price (AED 1.89M, 18 December 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,893,888
Deposit, UAE resident (20%)
AED 378,778
Deposit, non-resident (40%)
AED 757,555
Monthly over 25 years at 3.7%
AED 7,748

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