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Studio · 376 sqftBinghatti Elite, Dubai Production City (IMPZ) · 12th floor

1240, Binghatti Elite

Sold prices and rental history: sold once, by the developer in April 2025, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1240 · DLD and Ejari recordsUpdated 11 April 2025
Last soldAED 500K11 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1240, Binghatti Elite

What is 1240 worth today?

Last sold for AED 500,000 in 2025

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11 Apr 2025Sold by developerOff-plan
AED 500,000AED 1,330 per sqft

Source: Dubai Land Department. Updated 11 April 2025.

Key facts

Type
Studio apartment
Size
376 sqft
Floor
12th of 23
Parking
1
Last sold
AED 500K · April 2025
Building
Binghatti Elite

About 1240, Binghatti Elite

1240 is a studio of 376 sqft on the 12th floor of Binghatti Elite, a 23-storey tower in Dubai Production City (IMPZ). The developer sold it on 11 April 2025 for AED 500,000, or AED 1,330 per sqft, in line with the AED 1,330 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1240 over time

Sales
Unit 1240, each saleTypical studio in Binghatti Elite
500K550K202520262027Typical sale price by year: 2025 AED 500,000; 2026 AED 580,000Sold by developer, April 2025: AED 500,000 (AED 1,330 per sqft)

1240 has sold once; the dashed line is the studio median of each year in the building.

Studios in Binghatti Elite, and where 1240 sits

All 1,571 studios →

1240 last sold in April 2025 at AED 1,330 per sqft, in line with what studios in Binghatti Elite were fetching at the time (AED 1,330). Over the last 12 months studios sold for AED 500,000 to 987,499, around AED 1,543 per sqft, and rent for AED 45,000 to 54,000 a year.

Recent studio salesUnit no.Price (AED)Summary
4 Nov 2026580,000
29 Oct 2026550,000
9 Oct 2026510,000
9 Oct 2026500,000
115 studio sales in the last 12 months

Binghatti Elite

Building

1,716 apartments, studios to 1-bed over 23 floors in Dubai Production City (IMPZ). 136 sold in the last 12 months.

Typical price per sqft
AED 1,542 Up 15.9%
Typical sale
AED 580K
Typical rent
AED 50K /yr
Typical yield
8.3%
Binghatti Elite, Dubai Production City (IMPZ): prices, sales and rents →

Other units on the 12th floor

All 1,716 units in Binghatti Elite
Value
12011-bedAED 991K · Feb 2025
12021-bedAED 1.16M · Sep 2025
1203StudioAED 500K · Apr 2025
1204StudioAED 831K · Jun 2025
1205StudioAED 500K · Mar 2025
1206StudioAED 500K · Jul 2025
1207StudioAED 500K · Mar 2025
1–7 of 74

1240, Binghatti Elite in numbers

  • Sold once: by the developer on 11 April 2025 for AED 500,000, or AED 1,330 per sqft.
  • Studios in Binghatti Elite sold for AED 500,000–987,499 in the 12 months to November 2026; the building's median across all types is AED 1,542 per sqft.

Source: Dubai Land Department. Updated 11 April 2025.

Questions about 1240, Binghatti Elite

What did unit 1240 last sell for?

AED 500,000 on 11 April 2025, sold by the developer: AED 1,330 per sqft for 376 sqft. It is the only registered sale of the unit.

How big is unit 1240?

376 sqft (34.9 sqm): a studio on the 12th floor of a 23-storey tower.

What is unit 1240 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Binghatti Elite sold for AED 500,000 to 987,499 in the last 12 months, around AED 1,543 per sqft.

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Mortgage on 1240, Binghatti Elite

Starts from the last sale price (AED 500K, 11 April 2025). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

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