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Studio · 611 sqftThe Matrix, Dubai Sports City · 24th floor · completed 2014

2414, The Matrix

Sold prices and rental history: sold once, by the developer in January 2019, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2414 · DLD and Ejari recordsUpdated 1 March 2024
Last soldAED 500K10 January 2019
Current rentAED 48K /yr1 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2414, The Matrix

What is 2414 worth today?

Last sold for AED 500,000 in 2019

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1 Mar 2024RentedNew contract
AED 48,000/yr12 months · AED 78 per sqft
10 Jan 2019Sold by developerReady
AED 500,000AED 818 per sqft
20 Sep 2018RentedNew contract
AED 43,500/yr12 months · AED 71 per sqft
30 Jul 2017RentedNew contract
AED 49,000/yr12 months · AED 80 per sqft

Source: Dubai Land Department. Updated 1 March 2024.

Key facts

Type
Studio apartment
Size
611 sqft
Floor
24th of 31
Parking
P2-054
Developer
TFG Real Estate
Completed
2014
Service charge
AED 6,600 /yr
Last sold
AED 500K · January 2019
Building
The Matrix

About 2414, The Matrix

2414 is a studio of 611 sqft on the 24th 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 January 2019 for AED 500,000, or AED 818 per sqft, 35% below the AED 1,258 studios in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 1 March 2024, is AED 48,000 a year: a gross yield of 9.6% on the 2019 price, before the service charge of about AED 6,600 a year.

Sales and rents for 2414 over time

Sales
Unit 2414, each saleTypical studio in The Matrix
500K1M20112015201920232027Typical sale price by year: 2011 AED 883,408; 2015 AED 1,025,000; 2016 AED 950,293; 2017 AED 856,242; 2018 AED 975,000; 2019 AED 500,000; 2020 AED 997,500; 2021 AED 400,000; 2022 AED 500,000; 2023 AED 502,658; 2024 AED 555,814; 2025 AED 666,500; 2026 AED 625,000Sold by developer, January 2019: AED 500,000 (AED 818 per sqft)

2414 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2414, each contractTypical studio in The Matrix
40K60K2014201820222026Typical rent by year: 2014 AED 57,000; 2015 AED 53,850; 2016 AED 53,700; 2017 AED 49,000; 2018 AED 48,000; 2019 AED 46,000; 2020 AED 35,000; 2021 AED 31,000; 2022 AED 32,550; 2023 AED 35,800; 2024 AED 44,000; 2025 AED 50,000; 2026 AED 50,000New contract, July 2017: AED 49,000 a yearNew contract, September 2018: AED 43,500 a yearNew contract, March 2024: AED 48,000 a year

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

Studios in The Matrix, and where 2414 sits

All 204 studios →

2414 last sold in January 2019 at AED 818 per sqft, 35% below what studios in The Matrix were fetching at the time (AED 1,258). Over the last 12 months studios sold for AED 522,629 to 1,125,000, around AED 1,031 per sqft, and rent for AED 20,000 to 62,000 a year. 2414's AED 48,000 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
15 Oct 2026580,000
29 Sep 2026550,000
15 Sep 2026605,571
14 Sep 20261,125,000
20 studio 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

2414, The Matrix in numbers

  • Sold once: by TFG Real Estate on 10 January 2019 for AED 500,000, or AED 818 per sqft.
  • Rented since July 2017 on 3 Ejari contracts. The rent fell from AED 49,000 to AED 43,500 in 2018 and recovered to AED 48,000 by March 2024.
  • At AED 48,000 a year the gross yield on the 2019 price is 9.6%, before a service charge of about AED 6,600 a year (AED 10.72 per sqft).
  • Studios in The Matrix sold for AED 522,629–1,125,000 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 March 2024.

Questions about 2414, The Matrix

What did unit 2414 last sell for?

AED 500,000 on 10 January 2019, sold by the developer: AED 818 per sqft for 611 sqft. It is the only registered sale of the unit.

What is the rent for unit 2414?

AED 48,000 a year on the contract signed on 1 March 2024. The previous contract, from September 2018, was AED 43,500; the unit has been rented since July 2017.

How big is unit 2414?

611 sqft (56.8 sqm): a studio on the 24th floor of a 31-storey tower completed in 2014.

What is unit 2414 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in The Matrix sold for AED 522,629 to 1,125,000 in the last 12 months, around AED 1,031 per sqft.

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Mortgage on 2414, The Matrix

Starts from the last sale price (AED 500K, 10 January 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 →