2-bed · 980 sqftIkarus Building, Dubai Production City (IMPZ) · 4th floor

404, Ikarus Building

Sold prices and rental history: sold once, by the developer in April 2025, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 404 · DLD and Ejari recordsUpdated 17 April 2025
Last soldAED 804K17 April 2025
Current rentAED 54K /yr10 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 404, Ikarus Building

What is 404 worth today?

Last sold for AED 803,788 in 2025

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17 Apr 2025Sold by developerReady
AED 803,788AED 820 per sqft
10 Sep 2024RentedRenewal
AED 53,900/yr12 months · AED 55 per sqft
10 Sep 2023RentedRenewal
AED 49,000/yr12 months · AED 50 per sqft
10 Sep 2022RentedNew contract
AED 46,000/yr12 months · AED 47 per sqft
5 Mar 2021RentedNew contract
AED 43,000/yr13 months · AED 44 per sqft

Source: Dubai Land Department. Updated 17 April 2025.

Key facts

Type
2-bed apartment
Size
980 sqft
Floor
4th of 14
Parking
B2-34
Last sold
AED 804K · April 2025

About 404, Ikarus Building

404 is a two-bedroom apartment of 980 sqft on the 4th floor of Ikarus Building, a 14-storey tower in Dubai Production City (IMPZ). The developer sold it on 17 April 2025 for AED 803,788, or AED 820 per sqft, in line with the AED 820 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 10 September 2024, is AED 53,900 a year: a gross yield of 6.7% on the 2025 price.

Sales and rents for 404 over time

Sales
Unit 404, each saleTypical two-bed in Ikarus Building
800K900K1M202520262027Typical sale price by year: 2025 AED 828,519; 2026 AED 1,022,500Sold by developer, April 2025: AED 803,788 (AED 820 per sqft)

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

Rents
Unit 404, each contractTypical two-bed in Ikarus Building
40K60K80K20192021202320252027Typical rent by year: 2019 AED 62,000; 2020 AED 45,000; 2021 AED 43,000; 2022 AED 45,000; 2023 AED 49,000; 2024 AED 55,000; 2025 AED 60,708; 2026 AED 75,167New contract, March 2021: AED 43,000 a yearNew contract, September 2022: AED 46,000 a yearRenewal, September 2023: AED 49,000 a yearRenewal, September 2024: AED 53,900 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 Ikarus Building, and where 404 sits

All 56 2-beds →

404 last sold in April 2025 at AED 820 per sqft, in line with 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. 404's AED 53,900 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Oct 2026995,000
22 Jun 20261,050,000
20 Jan 20261,320,000
12 Jan 2026900,000
4 2-bed sales in the last 12 months

Ikarus Building

Building

128 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%
Ikarus Building, Dubai Production City (IMPZ): prices, sales and rents →

Other units on the 4th floor

All 128 units in Ikarus Building
Value
4011-bedAED 457K · Feb 2025
4021-bedAED 475K · Jan 2025
4032-bedAED 812K · Feb 2025
4051-bedAED 649K · Apr 2025
4061-bedAED 663K · Feb 2026
4071-bedAED 610K · May 2025
4082-bedAED 831K · Mar 2025
1–7 of 9

404, Ikarus Building in numbers

  • Sold once: by the developer on 17 April 2025 for AED 803,788, or AED 820 per sqft.
  • Rented since March 2021 on 4 Ejari contracts, from AED 43,000 to AED 53,900 a year.
  • At AED 53,900 a year the gross yield on the 2025 price is 6.7%.
  • 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 404, Ikarus Building

What did unit 404 last sell for?

AED 803,788 on 17 April 2025, sold by the developer: AED 820 per sqft for 980 sqft. It is the only registered sale of the unit.

What is the rent for unit 404?

AED 53,900 a year on the contract renewed on 10 September 2024. The previous contract, from September 2023, was AED 49,000; the unit has been rented since March 2021.

How big is unit 404?

980 sqft (91.0 sqm): a two-bedroom apartment on the 4th floor of a 14-storey tower.

What is unit 404 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 404, Ikarus Building

Starts from the last sale price (AED 804K, 17 April 2025). Switch to today's estimate once you have unlocked it.
Price
AED 803,788
Deposit, UAE resident (20%)
AED 160,758
Deposit, non-resident (40%)
AED 321,515
Monthly over 25 years at 3.7%
AED 3,289

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