409, Alwan Residence 1
Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 409, Alwan Residence 1
What is 409 worth today?
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Source: Dubai Land Department. Updated 29 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 500 sqft
- Floor
- 4th of 18
- Parking
- B-3
- Last sold
- AED 341K · July 2024
- Building
- Alwan Residence 1
About 409, Alwan Residence 1
409 is a studio of 500 sqft on the 4th floor of Alwan Residence 1, a 18-storey tower in Dubai Production City (IMPZ). It last sold on 4 July 2024 for AED 341,470, or AED 682 per sqft.
It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 29 November 2025, is AED 48,500 a year: a gross yield of 14.2% on the 2024 price.
Sales and rents for 409 over time
409 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Alwan Residence 1, and where 409 sits
All 95 studios →Over the last 12 months studios sold for AED 575,000, around AED 1,150 per sqft, and rent for AED 20,000 to 48,587 a year. 409's AED 48,500 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Oct 20266 October 2026 | 502 sqft | 575,000 | 1,144 | ||
| 6 Oct 20266 October 2026 | 478 sqft | 575,000 | 1,202 | ||
| 6 Oct 20266 October 2026 | 500 sqft | 575,000 | 1,150 | ||
| 6 Oct 20266 October 2026 | 499 sqft | 575,000 | 1,151 |
Alwan Residence 1
Building164 apartments, studios to 2-bed over 18 floors in Dubai Production City (IMPZ). 12 sold in the last 12 months.
- Typical price per sqft
- AED 1,144 Up 23.0%
- Typical sale
- AED 575K
- Typical rent
- AED 49K /yr
- Typical yield
- 7.0%
Other units on the 4th floor
All 164 units in Alwan Residence 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 988 sqft | AED 921KAED 921,400 · Oct 2025October 2025 | 67,280 /yr | |
| 403 | 1-bed | 992 sqft | AED 921KAED 921,400 · Oct 2025October 2025 | 68,000 /yr | |
| 404 | 1-bed | 977 sqft | AED 921KAED 921,400 · Oct 2025October 2025 | 46,948 /yr | |
| 405 | Studio | 502 sqft | AED 456KAED 456,000 · Oct 2025October 2025 | 44,600 /yr | |
| 406 | 2-bed | 1,306 sqft | AED 1MAED 1,000,000 · Oct 2025October 2025 | 99,520 /yr | |
| 408 | Studio | 501 sqft | AED 455KAED 455,000 · Oct 2025October 2025 | 28,413 /yr | |
| 410 | Studio | 501 sqft | AED 455KAED 455,000 · Oct 2025October 2025 | 44,200 /yr | |
| 411 | Studio | 500 sqft | AED 454KAED 454,000 · Oct 2025October 2025 | 31,900 /yr | |
| 412 | Studio | 503 sqft | AED 457KAED 457,000 · Oct 2025October 2025 | 38,000 /yr | |
| 413 | Studio | 503 sqft | AED 457KAED 457,000 · Oct 2025October 2025 | 33,736 /yr | |
| 414 | Studio | 501 sqft | AED 342KAED 341,618 · Jul 2024July 2024 | 48,500 /yr | |
| 415 | Studio | 500 sqft | AED 454KAED 454,000 · Oct 2025October 2025 | 48,200 /yr | |
| 416 | Studio | 501 sqft | AED 455KAED 455,000 · Oct 2025October 2025 | 48,500 /yr | |
| 417 | Studio | 480 sqft | AED 411KAED 411,170 · Oct 2024October 2024 | 20,000 /yr | |
| 418 | 1-bed | 835 sqft | AED 921KAED 921,400 · Oct 2025October 2025 | 68,000 /yr | |
| 422 | 1-bed | 965 sqft | AED 921KAED 921,400 · Oct 2025October 2025 | 65,000 /yr |
409, Alwan Residence 1 in numbers
- Sold twice: first on 17 October 2022 for AED 375,000, last on 4 July 2024 for AED 341,470 (AED 682 per sqft).
- Rented since August 2020 on 7 Ejari contracts. The rent fell from AED 26,600 to AED 23,860 in 2021 and recovered to AED 48,500 by November 2025.
- At AED 48,500 a year the gross yield on the 2024 price is 14.2%.
- Studios in Alwan Residence 1 sold for AED 575,000–575,000 in the 12 months to November 2026; the building's median across all types is AED 1,144 per sqft.
Source: Dubai Land Department. Updated 29 November 2025.
Questions about 409, Alwan Residence 1
What did unit 409 last sell for?
AED 341,470 on 4 July 2024: AED 682 per sqft for 500 sqft. The unit has 2 registered sales; the first was AED 375,000 in October 2022.
What is the rent for unit 409?
AED 48,500 a year on the contract signed on 29 November 2025. The previous contract, from January 2025, was AED 44,500; the unit has been rented since August 2020.
How big is unit 409?
500 sqft (46.5 sqm): a studio on the 4th floor of a 18-storey tower.
What is unit 409 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Alwan Residence 1 sold for AED 575,000 to 575,000 in the last 12 months, around AED 1,150 per sqft.
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Mortgage on 409, Alwan Residence 1
Starts from the last sale price (AED 341K, 4 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 341,470
- Deposit, UAE resident (20%)
- AED 68,294
- Deposit, non-resident (40%)
- AED 136,588
- Monthly over 25 years at 3.7%
- AED 1,397
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →