1203, Ikarus Building
Sold prices and rental history: sold once, by the developer in April 2025, 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 1203, Ikarus Building
What is 1203 worth today?
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Source: Dubai Land Department. Updated 17 April 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 979 sqft
- Floor
- 12th of 14
- Parking
- P1-15
- Last sold
- AED 830K · April 2025
- Building
- Ikarus Building
About 1203, Ikarus Building
1203 is a two-bedroom apartment of 979 sqft on the 12th floor of Ikarus Building, a 14-storey tower in Dubai Production City (IMPZ). The developer sold it on 17 April 2025 for AED 829,888, or AED 847 per sqft, 3% above the AED 820 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 10 December 2024, is AED 56,100 a year: a gross yield of 6.8% on the 2025 price.
Sales and rents for 1203 over time
1203 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Ikarus Building, and where 1203 sits
All 56 2-beds →1203 last sold in April 2025 at AED 847 per sqft, 3% above what two-beds in Ikarus Building were fetching at the time (AED 820). Over the last 12 months two-beds sold for AED 900,000 to 1,320,000, around AED 938 per sqft, and rent for AED 55,050 to 100,000 a year. 1203's AED 56,100 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Oct 202626 October 2026 | 996 sqft | 995,000 | 999 | ||
| 22 Jun 202622 June 2026 | 985 sqft | 1,050,000 | 1,065 | ||
| 20 Jan 202620 January 2026 | 1,859 sqft | 1,320,000 | 710 | ||
| 12 Jan 202612 January 2026 | 1,026 sqft | 900,000 | 876 |
Ikarus Building
Building128 apartments, 1-bed to 2-bed over 14 floors in Dubai Production City (IMPZ). 24 sold in the last 12 months.
- Typical price per sqft
- AED 894 Up 9.2%
- Typical sale
- AED 680K
- Typical rent
- AED 59K /yr
- Typical yield
- 8.8%
Other units on the 12th floor
All 128 units in Ikarus Building| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 589 sqft | AED 503KAED 502,888 · Mar 2025March 2025 | 50,000 /yr | |
| 1202 | 1-bed | 592 sqft | AED 490KAED 490,188 · Jun 2025June 2025 | 56,000 /yr | |
| 1204 | 2-bed | 984 sqft | AED 834KAED 834,000 · Apr 2025April 2025 | 57,750 /yr | |
| 1205 | 1-bed | 783 sqft | AED 751KAED 750,888 · Jan 2026January 2026 | 40,150 /yr | |
| 1206 | 1-bed | 764 sqft | AED 666KAED 665,888 · Feb 2025February 2025 | 36,500 /yr | |
| 1207 | 1-bed | 777 sqft | AED 500KAED 500,000 · Apr 2025April 2025 | 42,000 /yr | |
| 1208 | 2-bed | 1,028 sqft | AED 852KAED 852,280 · Apr 2025April 2025 | 75,000 /yr | |
| 1209 | 2-bed | 1,027 sqft | AED 860KAED 860,000 · Sep 2025September 2025 | 73,000 /yr | |
| 1210 | 1-bed | 584 sqft | AED 560KAED 560,000 · Dec 2025December 2025 | 62,000 /yr |
1203, Ikarus Building in numbers
- Sold once: by the developer on 17 April 2025 for AED 829,888, or AED 847 per sqft.
- Rented since July 2020 on 5 Ejari contracts, from AED 47,000 to AED 56,100 a year.
- At AED 56,100 a year the gross yield on the 2025 price is 6.8%.
- Two-beds in Ikarus Building sold for AED 900,000–1,320,000 in the 12 months to November 2026; the building's median across all types is AED 894 per sqft.
Source: Dubai Land Department. Updated 17 April 2025.
Questions about 1203, Ikarus Building
What did unit 1203 last sell for?
AED 829,888 on 17 April 2025, sold by the developer: AED 847 per sqft for 979 sqft. It is the only registered sale of the unit.
What is the rent for unit 1203?
AED 56,100 a year on the contract renewed on 10 December 2024. The previous contract, from December 2023, was AED 51,000; the unit has been rented since July 2020.
How big is unit 1203?
979 sqft (91.0 sqm): a two-bedroom apartment on the 12th floor of a 14-storey tower.
What is unit 1203 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Ikarus Building sold for AED 900,000 to 1,320,000 in the last 12 months, around AED 938 per sqft.
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Mortgage on 1203, Ikarus Building
Starts from the last sale price (AED 830K, 17 April 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 829,888
- Deposit, UAE resident (20%)
- AED 165,978
- Deposit, non-resident (40%)
- AED 331,955
- Monthly over 25 years at 3.7%
- AED 3,395
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →