1207, 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 1207, Ikarus Building
What is 1207 worth today?
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Source: Dubai Land Department. Updated 16 April 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 777 sqft
- Floor
- 12th of 14
- Parking
- P1-19
- Last sold
- AED 500K · April 2025
- Building
- Ikarus Building
About 1207, Ikarus Building
1207 is a one-bedroom apartment of 777 sqft on the 12th floor of Ikarus Building, a 14-storey tower in Dubai Production City (IMPZ). The developer sold it on 16 April 2025 for AED 500,000, or AED 643 per sqft, 19% below the AED 796 one-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 15 November 2024, is AED 42,000 a year: a gross yield of 8.4% on the 2025 price.
Sales and rents for 1207 over time
1207 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Ikarus Building, and where 1207 sits
All 72 1-beds →1207 last sold in April 2025 at AED 643 per sqft, 19% below what one-beds in Ikarus Building were fetching at the time (AED 796). Over the last 12 months one-beds sold for AED 532,888 to 750,888, around AED 894 per sqft, and rent for AED 46,000 to 65,000 a year. 1207's AED 42,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 May 202620 May 2026 | 778 sqft | 676,888 | 869 | ||
| 20 Apr 202620 April 2026 | 779 sqft | 693,888 | 890 | ||
| 10 Apr 202610 April 2026 | 776 sqft | 680,000 | 876 | ||
| 27 Mar 202627 March 2026 | 762 sqft | 670,000 | 879 |
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 | |
| 1203 | 2-bed | 979 sqft | AED 830KAED 829,888 · Apr 2025April 2025 | 56,100 /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 | |
| 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 |
1207, Ikarus Building in numbers
- Sold once: by the developer on 16 April 2025 for AED 500,000, or AED 643 per sqft.
- Rented since August 2020 on 5 Ejari contracts, from AED 30,000 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2025 price is 8.4%.
- One-beds in Ikarus Building sold for AED 532,888–750,888 in the 12 months to November 2026; the building's median across all types is AED 894 per sqft.
Source: Dubai Land Department. Updated 16 April 2025.
Questions about 1207, Ikarus Building
What did unit 1207 last sell for?
AED 500,000 on 16 April 2025, sold by the developer: AED 643 per sqft for 777 sqft. It is the only registered sale of the unit.
What is the rent for unit 1207?
AED 42,000 a year on the contract renewed on 15 November 2024. The previous contract, from November 2023, was AED 40,000; the unit has been rented since August 2020.
How big is unit 1207?
777 sqft (72.2 sqm): a one-bedroom apartment on the 12th floor of a 14-storey tower.
What is unit 1207 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Ikarus Building sold for AED 532,888 to 750,888 in the last 12 months, around AED 894 per sqft.
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Mortgage on 1207, Ikarus Building
Starts from the last sale price (AED 500K, 16 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 →