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2-bed · 1,324 sqftThe Crescent B, Dubai Production City (IMPZ) · 12th floor · completed 2008

1216, The Crescent B

Sold prices and rental history: sold 3 times, last in November 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1216 · DLD and Ejari recordsUpdated 5 November 2019
Last soldAED 500K5 November 2019
Current rentAED 65K /yr10 August 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1216, The Crescent B

What is 1216 worth today?

Last sold for AED 500,000 in 2019

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5 Nov 2019SoldReady
AED 500,000AED 377 per sqft
10 Aug 2018RentedRenewal
AED 65,000/yr12 months · AED 49 per sqft
10 Aug 2017RentedNew contract
AED 70,000/yr12 months · AED 53 per sqft
22 Jan 2017SoldReady
AED 900,000AED 679 per sqft
29 Sep 2014RentedNew contract
AED 48,000/yr12 months · AED 36 per sqft
29 Sep 2013RentedNew contract
AED 40,000/yr12 months · AED 30 per sqft
6 Jun 2011Sold by developerReady
AED 1,309,000AED 988 per sqft

Source: Dubai Land Department. Updated 5 November 2019.

Key facts

Type
2-bed apartment
Size
1,324 sqft
Floor
12th of 18
Parking
P3-132
Developer
DAMAC
Completed
2008
Service charge
AED 19,000 /yr
Last sold
AED 500K · November 2019
Building
The Crescent B

About 1216, The Crescent B

1216 is a two-bedroom apartment of 1,324 sqft on the 12th floor of The Crescent B, a 18-storey tower in Dubai Production City (IMPZ) completed in 2008 by DAMAC. It last sold on 5 November 2019 for AED 500,000, or AED 377 per sqft, 9% below the AED 413 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 10 August 2018, is AED 65,000 a year: a gross yield of 13.0% on the 2019 price, before the service charge of about AED 19,000 a year.

Sales and rents for 1216 over time

Sales
Unit 1216, each saleTypical two-bed in The Crescent B
500K1M2009201420192024Typical sale price by year: 2009 AED 1,173,000; 2010 AED 1,174,380; 2011 AED 1,249,000; 2012 AED 833,860; 2013 AED 900,000; 2014 AED 830,700; 2015 AED 900,000; 2016 AED 825,000; 2017 AED 855,000; 2018 AED 680,000; 2019 AED 537,500; 2020 AED 550,000; 2021 AED 550,000; 2022 AED 575,000; 2023 AED 660,000; 2024 AED 790,000; 2025 AED 890,000; 2026 AED 950,000Sold by developer, June 2011: AED 1,309,000 (AED 988 per sqft)Sold, January 2017: AED 900,000 (AED 679 per sqft)Sold, November 2019: AED 500,000 (AED 377 per sqft)

1216 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1216, each contractTypical two-bed in The Crescent B
40K60K80K2012201620202024Typical rent by year: 2012 AED 39,000; 2013 AED 50,000; 2014 AED 59,400; 2015 AED 72,000; 2016 AED 80,000; 2017 AED 74,599; 2018 AED 67,000; 2019 AED 54,500; 2020 AED 43,584; 2021 AED 40,000; 2022 AED 46,000; 2023 AED 52,650; 2024 AED 63,000; 2025 AED 73,000; 2026 AED 73,500New contract, September 2013: AED 40,000 a yearNew contract, September 2014: AED 48,000 a yearNew contract, August 2017: AED 70,000 a yearRenewal, August 2018: AED 65,000 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 The Crescent B, and where 1216 sits

All 66 2-beds →

1216 last sold in November 2019 at AED 377 per sqft, 9% below what two-beds in The Crescent B were fetching at the time (AED 413). Over the last 12 months two-beds sold for AED 875,000 to 1,000,000, around AED 735 per sqft, and rent for AED 50,000 to 90,000 a year. 1216's AED 65,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Jun 20261,000,000
20 May 2026900,000
25 Mar 2026950,000
26 Feb 2026940,000
7 2-bed sales in the last 12 months

The Crescent B

Building

271 apartments, studios to 2-bed over 18 floors in Dubai Production City (IMPZ), completed in 2008 by DAMAC. 31 sold in the last 12 months.

Typical price per sqft
AED 826 Up 5.4%
Typical sale
AED 438K
Typical rent
AED 40K /yr
Typical yield
9.2%
The Crescent B, Dubai Production City (IMPZ): prices, sales and rents →

Other units on the 12th floor

All 271 units in The Crescent B
Value
12012-bedAED 600K · Feb 2023
1202StudioAED 574K · Jul 2009
1203StudioAED 400K · Sep 2026
1204StudioAED 345K · Jul 2011
1205StudioAED 524K · Oct 2010
1206StudioAED 524K · Mar 2010
1207StudioAED 524K · Oct 2010
1–7 of 15

1216, The Crescent B in numbers

  • Sold 3 times: first on 6 June 2011 for AED 1,309,000, last on 5 November 2019 for AED 500,000 (AED 377 per sqft).
  • Rented since September 2013 on 4 Ejari contracts, from AED 40,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2019 price is 13.0%, before a service charge of about AED 19,000 a year (AED 14.38 per sqft).
  • Two-beds in The Crescent B sold for AED 875,000–1,000,000 in the 12 months to November 2026; the building's median across all types is AED 826 per sqft.

Source: Dubai Land Department. Updated 5 November 2019.

Questions about 1216, The Crescent B

What did unit 1216 last sell for?

AED 500,000 on 5 November 2019: AED 377 per sqft for 1,324 sqft. The unit has 3 registered sales; the first was AED 1,309,000 in June 2011.

What is the rent for unit 1216?

AED 65,000 a year on the contract renewed on 10 August 2018. The previous contract, from August 2017, was AED 70,000; the unit has been rented since September 2013.

How big is unit 1216?

1,324 sqft (123.0 sqm): a two-bedroom apartment on the 12th floor of a 18-storey tower completed in 2008.

What is unit 1216 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Crescent B sold for AED 875,000 to 1,000,000 in the last 12 months, around AED 735 per sqft.

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Mortgage on 1216, The Crescent B

Starts from the last sale price (AED 500K, 5 November 2019). 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 →