Studio · 427 sqftAfnan 1, Dubai Production City (IMPZ) · 12th floor · completed 2019

1202, Afnan 1

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1202 · DLD and Ejari recordsUpdated 10 October 2024
Last soldAED 445K21 May 2024
Current rentAED 32K /yr10 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1202, Afnan 1

What is 1202 worth today?

Last sold for AED 445,000 in 2024

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10 Oct 2024RentedNew contract
AED 32,000/yr12 months · AED 75 per sqft
21 May 2024SoldReady
AED 445,000AED 1,042 per sqft
10 Oct 2022RentedNew contract
AED 25,500/yr12 months · AED 61 per sqft
10 Oct 2021RentedRenewal
AED 23,000/yr12 months · AED 53 per sqft
10 Oct 2020RentedNew contract
AED 22,000/yr12 months · AED 51 per sqft
15 Dec 2015Sold by developerOff-plan
AED 422,450AED 989 per sqft

Source: Dubai Land Department. Updated 10 October 2024.

Key facts

Type
Studio apartment
Size
427 sqft
Floor
12th of 16
Parking
GZ2F24
Developer
Deyaar
Completed
2019
Service charge
AED 7,100 /yr
Last sold
AED 445K · May 2024
Building
Afnan 1

About 1202, Afnan 1

1202 is a studio of 427 sqft on the 12th floor of Afnan 1, a 16-storey tower in Dubai Production City (IMPZ) completed in 2019 by Deyaar. It last sold on 21 May 2024 for AED 445,000, or AED 1,042 per sqft, 5% above the AED 988 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 10 October 2024, is AED 32,000 a year: a gross yield of 7.2% on the 2024 price, before the service charge of about AED 7,100 a year.

Sales and rents for 1202 over time

Sales
Unit 1202, each saleTypical studio in Afnan 1
400K600K20152018202120242027Typical sale price by year: 2015 AED 422,784; 2016 AED 422,784; 2019 AED 350,000; 2021 AED 486,005; 2022 AED 275,000; 2023 AED 395,000; 2024 AED 450,000; 2025 AED 510,000; 2026 AED 560,000Sold by developer, December 2015: AED 422,450 (AED 989 per sqft)Sold, May 2024: AED 445,000 (AED 1,042 per sqft)

1202 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1202, each contractTypical studio in Afnan 1
20K40K2020202220242026Typical rent by year: 2020 AED 23,000; 2021 AED 22,000; 2022 AED 25,200; 2023 AED 28,000; 2024 AED 35,000; 2025 AED 45,000; 2026 AED 43,935New contract, October 2020: AED 22,000 a yearRenewal, October 2021: AED 23,000 a yearNew contract, October 2022: AED 25,500 a yearNew contract, October 2024: AED 32,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Afnan 1, and where 1202 sits

All 65 studios →

1202 last sold in May 2024 at AED 1,042 per sqft, 5% above what studios in Afnan 1 were fetching at the time (AED 988). Over the last 12 months studios sold for AED 520,000 to 600,000, around AED 1,294 per sqft, and rent for AED 25,000 to 60,000 a year. 1202's AED 32,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
15 May 2026520,000
24 Apr 2026525,000
25 Mar 2026595,000
5 Mar 2026600,000
6 studio sales in the last 12 months

Afnan 1

Building

176 apartments, studios to 2-bed over 16 floors in Dubai Production City (IMPZ), completed in 2019 by Deyaar. 17 sold in the last 12 months.

Typical price per sqft
AED 1,222 Up 6.8%
Typical sale
AED 775K
Typical rent
AED 55K /yr
Typical yield
7.8%
Afnan 1, Dubai Production City (IMPZ): prices, sales and rents →

Other units on the 12th floor

All 176 units in Afnan 1
Value
1201StudioAED 460K · Nov 2021
12031-bedAED 800K · Jul 2025
12042-bedAED 928K · Oct 2021
1205StudioAED 443K · Dec 2015
1206StudioAED 448K · Dec 2015
1207StudioAED 427K · Mar 2016
1208StudioAED 422K · Dec 2015
1–7 of 11

1202, Afnan 1 in numbers

  • Sold twice: first on 15 December 2015 for AED 422,450, last on 21 May 2024 for AED 445,000 (AED 1,042 per sqft).
  • Rented since October 2020 on 4 Ejari contracts, from AED 22,000 to AED 32,000 a year.
  • At AED 32,000 a year the gross yield on the 2024 price is 7.2%, before a service charge of about AED 7,100 a year (AED 16.58 per sqft).
  • Studios in Afnan 1 sold for AED 520,000–600,000 in the 12 months to November 2026; the building's median across all types is AED 1,222 per sqft.

Source: Dubai Land Department. Updated 10 October 2024.

Questions about 1202, Afnan 1

What did unit 1202 last sell for?

AED 445,000 on 21 May 2024: AED 1,042 per sqft for 427 sqft. The unit has 2 registered sales; the first was AED 422,450 in December 2015.

What is the rent for unit 1202?

AED 32,000 a year on the contract signed on 10 October 2024. The previous contract, from October 2022, was AED 25,500; the unit has been rented since October 2020.

How big is unit 1202?

427 sqft (39.7 sqm): a studio on the 12th floor of a 16-storey tower completed in 2019.

What is unit 1202 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Afnan 1 sold for AED 520,000 to 600,000 in the last 12 months, around AED 1,294 per sqft.

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Mortgage on 1202, Afnan 1

Starts from the last sale price (AED 445K, 21 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 445,000
Deposit, UAE resident (20%)
AED 89,000
Deposit, non-resident (40%)
AED 178,000
Monthly over 25 years at 3.7%
AED 1,821

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