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2-bed · 1,278 sqftThe Crescent B, Dubai Production City (IMPZ) · 14th floor · completed 2008

1408, The Crescent B

Sold prices and rental history: sold 3 times, last in March 2020, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1408 · DLD and Ejari recordsUpdated 8 March 2020
Last soldAED 550K8 March 2020
Current rentAED 48K /yr1 July 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1408, The Crescent B

What is 1408 worth today?

Last sold for AED 550,000 in 2020

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8 Mar 2020SoldReady
AED 550,000AED 430 per sqft
13 Oct 2015SoldReady
AED 900,000AED 704 per sqft
1 Jul 2014RentedNew contract
AED 47,880/yr12 months · AED 37 per sqft
1 Jul 2013RentedNew contract
AED 39,900/yr12 months · AED 31 per sqft
1 Jul 2012RentedNew contract
AED 38,000/yr12 months · AED 30 per sqft
31 Jan 2011Sold by developerReady
AED 1,221,000AED 955 per sqft

Source: Dubai Land Department. Updated 8 March 2020.

Key facts

Type
2-bed apartment
Size
1,278 sqft
Floor
14th of 18
Parking
nan
Developer
DAMAC
Completed
2008
Service charge
AED 18,400 /yr
Last sold
AED 550K · March 2020
Building
The Crescent B

About 1408, The Crescent B

1408 is a two-bedroom apartment of 1,278 sqft on the 14th floor of The Crescent B, a 18-storey tower in Dubai Production City (IMPZ) completed in 2008 by DAMAC. It last sold on 8 March 2020 for AED 550,000, or AED 430 per sqft, in line with the AED 440 two-beds in the building were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, signed on 1 July 2014, is AED 47,880 a year: a gross yield of 8.7% on the 2020 price, before the service charge of about AED 18,400 a year.

Sales and rents for 1408 over time

Sales
Unit 1408, 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, January 2011: AED 1,221,000 (AED 955 per sqft)Sold, October 2015: AED 900,000 (AED 704 per sqft)Sold, March 2020: AED 550,000 (AED 430 per sqft)

1408 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1408, 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, July 2012: AED 38,000 a yearNew contract, July 2013: AED 39,900 a yearNew contract, July 2014: AED 47,880 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 1408 sits

All 66 2-beds →

1408 last sold in March 2020 at AED 430 per sqft, in line with what two-beds in The Crescent B were fetching at the time (AED 440). 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. 1408's AED 47,880 is at the bottom 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 14th floor

All 271 units in The Crescent B
Value
14012-bedAED 1.16M · Mar 2010
1402StudioAED 450K · Dec 2013
1403StudioAED 217K · Feb 2022
1404StudioAED 225K · Sep 2017
1405StudioAED 490K · Apr 2014
1406StudioAED 400K · Oct 2023
1407StudioAED 410K · Mar 2015
1–7 of 15

1408, The Crescent B in numbers

  • Sold 3 times: first on 31 January 2011 for AED 1,221,000, last on 8 March 2020 for AED 550,000 (AED 430 per sqft).
  • Rented since July 2012 on 3 Ejari contracts, from AED 38,000 to AED 47,880 a year.
  • At AED 47,880 a year the gross yield on the 2020 price is 8.7%, before a service charge of about AED 18,400 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 8 March 2020.

Questions about 1408, The Crescent B

What did unit 1408 last sell for?

AED 550,000 on 8 March 2020: AED 430 per sqft for 1,278 sqft. The unit has 3 registered sales; the first was AED 1,221,000 in January 2011.

What is the rent for unit 1408?

AED 47,880 a year on the contract signed on 1 July 2014. The previous contract, from July 2013, was AED 39,900; the unit has been rented since July 2012.

How big is unit 1408?

1,278 sqft (118.7 sqm): a two-bedroom apartment on the 14th floor of a 18-storey tower completed in 2008.

What is unit 1408 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 1408, The Crescent B

Starts from the last sale price (AED 550K, 8 March 2020). Switch to today's estimate once you have unlocked it.
Price
AED 550,000
Deposit, UAE resident (20%)
AED 110,000
Deposit, non-resident (40%)
AED 220,000
Monthly over 25 years at 3.7%
AED 2,250

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