1-bed · 1,156 sqftThe Matrix, Dubai Sports City · 23rd floor · completed 2014

2306, The Matrix

Sold prices and rental history: sold once, by the developer in November 2015, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2306 · DLD and Ejari recordsUpdated 6 August 2024
Last soldAED 1.55M10 November 2015
Current rentAED 70K /yr6 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2306, The Matrix

What is 2306 worth today?

Last sold for AED 1,550,000 in 2015

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6 Aug 2024RentedNew contract
AED 70,000/yr12 months · AED 61 per sqft
20 Nov 2023RentedRenewal
AED 68,548/yr6 months · AED 59 per sqft
20 May 2023RentedRenewal
AED 62,316/yr6 months · AED 54 per sqft
20 Nov 2022RentedRenewal
AED 56,650/yr6 months · AED 49 per sqft
20 Nov 2021RentedNew contract
AED 51,500/yr12 months · AED 45 per sqft
5 Apr 2021RentedRenewal
AED 49,500/yr12 months · AED 43 per sqft
5 Apr 2020RentedNew contract
AED 62,000/yr12 months · AED 54 per sqft
10 Nov 2015Sold by developerReady
AED 1,550,000AED 1,341 per sqft

Source: Dubai Land Department. Updated 6 August 2024.

Key facts

Type
1-bed apartment
Size
1,156 sqft
Floor
23rd of 31
Parking
P2-033
Developer
TFG Real Estate
Completed
2014
Service charge
AED 12,400 /yr
Last sold
AED 1.55M · November 2015
Building
The Matrix

About 2306, The Matrix

2306 is a one-bedroom apartment of 1,156 sqft on the 23rd floor of The Matrix, a 31-storey tower in Dubai Sports City completed in 2014 by TFG Real Estate. The developer sold it on 10 November 2015 for AED 1,550,000, or AED 1,341 per sqft, 8% below the AED 1,456 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, signed on 6 August 2024, is AED 70,000 a year: a gross yield of 4.5% on the 2015 price, before the service charge of about AED 12,400 a year.

Sales and rents for 2306 over time

Sales
Unit 2306, each saleTypical one-bed in The Matrix
1M2M20112015201920232027Typical sale price by year: 2011 AED 1,732,618; 2012 AED 1,838,519; 2015 AED 1,580,806; 2016 AED 1,431,650; 2017 AED 1,345,311; 2018 AED 1,425,000; 2019 AED 637,000; 2020 AED 530,000; 2021 AED 715,000; 2022 AED 897,391; 2023 AED 700,000; 2024 AED 775,000; 2025 AED 910,000; 2026 AED 800,000Sold by developer, November 2015: AED 1,550,000 (AED 1,341 per sqft)

2306 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2306, each contractTypical one-bed in The Matrix
40K60K80K2014201820222026Typical rent by year: 2014 AED 83,200; 2015 AED 79,000; 2016 AED 77,400; 2017 AED 74,000; 2018 AED 68,654; 2019 AED 62,000; 2020 AED 52,000; 2021 AED 45,000; 2022 AED 49,250; 2023 AED 52,500; 2024 AED 62,182; 2025 AED 65,000; 2026 AED 65,000New contract, February 2015: AED 86,800 a yearNew contract, April 2020: AED 62,000 a yearRenewal, April 2021: AED 49,500 a yearNew contract, November 2021: AED 51,500 a yearRenewal, November 2022: AED 56,650 a yearRenewal, May 2023: AED 62,316 a yearRenewal, November 2023: AED 68,548 a yearNew contract, August 2024: AED 70,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in The Matrix, and where 2306 sits

All 163 1-beds →

2306 last sold in November 2015 at AED 1,341 per sqft, 8% below what one-beds in The Matrix were fetching at the time (AED 1,456). Over the last 12 months one-beds sold for AED 700,000 to 966,350, around AED 838 per sqft, and rent for AED 52,800 to 95,000 a year. 2306's AED 70,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
11 Sep 2026800,000
17 Jun 2026700,000
4 May 2026900,000
17 Mar 2026860,000
7 1-bed sales in the last 12 months

The Matrix

Building

377 apartments, studios to 3-bed over 31 floors in Dubai Sports City, completed in 2014 by TFG Real Estate. 27 sold in the last 12 months.

Typical price per sqft
AED 968 Up 4.1%
Typical sale
AED 665K
Typical rent
AED 55K /yr
Typical yield
7.5%
The Matrix, Dubai Sports City: prices, sales and rents →

Other units on the 23rd floor

All 377 units in The Matrix
Value
23011-bedAED 1.36M · Oct 2015
23021-bedAED 1.2M · Jan 2020
2303StudioAED 842K · Feb 2011
2304StudioAED 1.35M · Mar 2020
2305StudioAED 575K · Oct 2023
23071-bedAED 600K · Feb 2019
23081-bedAED 1.22M · Feb 2018
1–7 of 13

2306, The Matrix in numbers

  • Sold once: by TFG Real Estate on 10 November 2015 for AED 1,550,000, or AED 1,341 per sqft.
  • Rented since February 2015 on 8 Ejari contracts. The rent fell from AED 86,800 to AED 49,500 in 2021 and recovered to AED 70,000 by August 2024.
  • At AED 70,000 a year the gross yield on the 2015 price is 4.5%, before a service charge of about AED 12,400 a year (AED 10.72 per sqft).
  • One-beds in The Matrix sold for AED 700,000–966,350 in the 12 months to November 2026; the building's median across all types is AED 968 per sqft.

Source: Dubai Land Department. Updated 6 August 2024.

Questions about 2306, The Matrix

What did unit 2306 last sell for?

AED 1,550,000 on 10 November 2015, sold by the developer: AED 1,341 per sqft for 1,156 sqft. It is the only registered sale of the unit.

What is the rent for unit 2306?

AED 70,000 a year on the contract signed on 6 August 2024. The previous contract, from November 2023, was AED 68,548; the unit has been rented since February 2015.

How big is unit 2306?

1,156 sqft (107.4 sqm): a one-bedroom apartment on the 23rd floor of a 31-storey tower completed in 2014.

What is unit 2306 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Matrix sold for AED 700,000 to 966,350 in the last 12 months, around AED 838 per sqft.

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Mortgage on 2306, The Matrix

Starts from the last sale price (AED 1.55M, 10 November 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

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