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1-bed · 940 sqftThe Matrix, Dubai Sports City · 24th floor · completed 2014

2408, The Matrix

Sold prices and rental history: sold twice, last in April 2016, and rented once, from September 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2408 · DLD and Ejari recordsUpdated 1 September 2019
Last soldAED 800K5 April 2016
Current rentAED 50K /yr1 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2408, The Matrix

What is 2408 worth today?

Last sold for AED 800,000 in 2016

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1 Sep 2019RentedNew contract
AED 50,000/yr12 months · AED 53 per sqft
5 Apr 2016SoldReady
AED 800,000AED 850 per sqft
25 Oct 2015Sold by developerReady
AED 1,636,199AED 1,740 per sqft

Source: Dubai Land Department. Updated 1 September 2019.

Key facts

Type
1-bed apartment
Size
940 sqft
Floor
24th of 31
Parking
P2-048
Developer
TFG Real Estate
Completed
2014
Service charge
AED 10,100 /yr
Last sold
AED 800K · April 2016
Building
The Matrix

About 2408, The Matrix

2408 is a one-bedroom apartment of 940 sqft on the 24th floor of The Matrix, a 31-storey tower in Dubai Sports City completed in 2014 by TFG Real Estate. It last sold on 5 April 2016 for AED 800,000, or AED 850 per sqft, 42% below the AED 1,454 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 September 2019. The current contract, signed on 1 September 2019, is AED 50,000 a year: a gross yield of 6.3% on the 2016 price, before the service charge of about AED 10,100 a year.

Sales and rents for 2408 over time

Sales
Unit 2408, 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, October 2015: AED 1,636,199 (AED 1,740 per sqft)Sold, April 2016: AED 800,000 (AED 850 per sqft)

2408 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2408, 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, September 2019: AED 50,000 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 2408 sits

All 163 1-beds →

2408 last sold in April 2016 at AED 850 per sqft, 42% below what one-beds in The Matrix were fetching at the time (AED 1,454). 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. 2408's AED 50,000 is at the bottom 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 24th floor

All 377 units in The Matrix
Value
24011-bedAED 630K · Jun 2019
24021-bedAED 1.6M · Nov 2015
2403StudioAED 1.18M · Nov 2017
2404StudioAED 700K · Jan 2020
2405StudioAED 1.49M · Oct 2015
24061-bedAED 1.05M · Aug 2017
24071-bedAED 2.28M · Feb 2011
1–7 of 13

2408, The Matrix in numbers

  • Sold twice: first on 25 October 2015 for AED 1,636,199, last on 5 April 2016 for AED 800,000 (AED 850 per sqft).
  • Rented since September 2019 on one Ejari contract, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2016 price is 6.3%, before a service charge of about AED 10,100 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 1 September 2019.

Questions about 2408, The Matrix

What did unit 2408 last sell for?

AED 800,000 on 5 April 2016: AED 850 per sqft for 940 sqft. The unit has 2 registered sales; the first was AED 1,636,199 in October 2015.

What is the rent for unit 2408?

AED 50,000 a year on the contract signed on 1 September 2019.

How big is unit 2408?

940 sqft (87.3 sqm): a one-bedroom apartment on the 24th floor of a 31-storey tower completed in 2014.

What is unit 2408 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 2408, The Matrix

Starts from the last sale price (AED 800K, 5 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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