2-bed · 969 sqftAfnan 1, Dubai Production City (IMPZ) · 14th floor · completed 2019

1409, Afnan 1

Sold prices and rental history: sold once, by the developer in November 2015, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1409 · DLD and Ejari recordsUpdated 1 August 2021
Last soldAED 871K29 November 2015
Current rentAED 48K /yr1 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1409, Afnan 1

What is 1409 worth today?

Last sold for AED 871,458 in 2015

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1 Aug 2021RentedNew contract
AED 48,000/yr12 months · AED 50 per sqft
1 Aug 2020RentedNew contract
AED 45,000/yr12 months · AED 46 per sqft
29 Nov 2015Sold by developerOff-plan
AED 871,458AED 899 per sqft

Source: Dubai Land Department. Updated 1 August 2021.

Key facts

Type
2-bed apartment
Size
969 sqft
Floor
14th of 16
Parking
BZ2K02
Developer
Deyaar
Completed
2019
Service charge
AED 16,100 /yr
Last sold
AED 871K · November 2015
Building
Afnan 1

About 1409, Afnan 1

1409 is a two-bedroom apartment of 969 sqft on the 14th floor of Afnan 1, a 16-storey tower in Dubai Production City (IMPZ) completed in 2019 by Deyaar. The developer sold it on 29 November 2015 for AED 871,458, or AED 899 per sqft.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 1 August 2021, is AED 48,000 a year: a gross yield of 5.5% on the 2015 price, before the service charge of about AED 16,100 a year.

Sales and rents for 1409 over time

Sales
Unit 1409, each saleTypical two-bed in Afnan 1
900K950K2015201820212024Typical sale price by year: 2015 AED 871,458; 2016 AED 869,083; 2021 AED 932,684; 2024 AED 950,000Sold by developer, November 2015: AED 871,458 (AED 899 per sqft)

1409 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1409, each contractTypical two-bed in Afnan 1
40K60K80K2020202220242026Typical rent by year: 2020 AED 44,000; 2021 AED 46,500; 2022 AED 53,500; 2023 AED 56,700; 2024 AED 84,000; 2025 AED 85,000; 2026 AED 83,000New contract, August 2020: AED 45,000 a yearNew contract, August 2021: AED 48,000 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 Afnan 1, and where 1409 sits

All 16 2-beds →

Over the last 12 months two-beds sold for AED 1,300,000, around AED 1,341 per sqft, and rent for AED 81,000 to 92,000 a year. 1409's AED 48,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Mar 20261,300,000
14 Mar 20251,080,000
24 May 2024995,000
20 May 2024950,000
1 2-bed sale 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 14th floor

All 176 units in Afnan 1
Value
1401StudioAED 370K · Mar 2023
1402StudioAED 450K · May 2024
14031-bedAED 740K · May 2024
14042-bedAED 895K · Dec 2015
1405StudioAED 455K · Jul 2025
1406StudioAED 450K · Mar 2024
1407StudioAED 455K · Jul 2025
1–7 of 11

1409, Afnan 1 in numbers

  • Sold once: by Deyaar on 29 November 2015 for AED 871,458, or AED 899 per sqft.
  • Rented since August 2020 on 2 Ejari contracts, from AED 45,000 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2015 price is 5.5%, before a service charge of about AED 16,100 a year (AED 16.58 per sqft).
  • Two-beds in Afnan 1 sold for AED 1,300,000–1,300,000 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 1 August 2021.

Questions about 1409, Afnan 1

What did unit 1409 last sell for?

AED 871,458 on 29 November 2015, sold by the developer: AED 899 per sqft for 969 sqft. It is the only registered sale of the unit.

What is the rent for unit 1409?

AED 48,000 a year on the contract signed on 1 August 2021. The previous contract, from August 2020, was AED 45,000.

How big is unit 1409?

969 sqft (90.0 sqm): a two-bedroom apartment on the 14th floor of a 16-storey tower completed in 2019.

What is unit 1409 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Afnan 1 sold for AED 1,300,000 to 1,300,000 in the last 12 months, around AED 1,341 per sqft.

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Mortgage on 1409, Afnan 1

Starts from the last sale price (AED 871K, 29 November 2015). Switch to today's estimate once you have unlocked it.
Price
AED 871,458
Deposit, UAE resident (20%)
AED 174,292
Deposit, non-resident (40%)
AED 348,583
Monthly over 25 years at 3.7%
AED 3,565

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