Studio · 602 sqftThe Matrix, Dubai Sports City · 29th floor · completed 2014

2904, The Matrix

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

Unit 2904 · DLD and Ejari recordsUpdated 15 September 2019
Last soldAED 1.07M25 October 2015
Current rentAED 42K /yr15 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2904, The Matrix

What is 2904 worth today?

Last sold for AED 1,069,605 in 2015

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15 Sep 2019RentedNew contract
AED 42,000/yr12 months · AED 70 per sqft
19 Feb 2018RentedNew contract
AED 46,800/yr12 months · AED 78 per sqft
1 Dec 2016RentedRenewal
AED 62,000/yr12 months · AED 103 per sqft
1 Dec 2015RentedNew contract
AED 62,000/yr12 months · AED 103 per sqft
25 Oct 2015Sold by developerReady
AED 1,069,605AED 1,775 per sqft

Source: Dubai Land Department. Updated 15 September 2019.

Key facts

Type
Studio apartment
Size
602 sqft
Floor
29th of 31
Parking
P3-036
Developer
TFG Real Estate
Completed
2014
Service charge
AED 6,500 /yr
Last sold
AED 1.07M · October 2015
Building
The Matrix

About 2904, The Matrix

2904 is a studio of 602 sqft on the 29th floor of The Matrix, a 31-storey tower in Dubai Sports City completed in 2014 by TFG Real Estate. The developer sold it on 25 October 2015 for AED 1,069,605, or AED 1,775 per sqft, 4% above the AED 1,700 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 15 September 2019, is AED 42,000 a year: a gross yield of 3.9% on the 2015 price, before the service charge of about AED 6,500 a year.

Sales and rents for 2904 over time

Sales
Unit 2904, 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, October 2015: AED 1,069,605 (AED 1,775 per sqft)

2904 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2904, 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, December 2015: AED 62,000 a yearRenewal, December 2016: AED 62,000 a yearNew contract, February 2018: AED 46,800 a yearNew contract, September 2019: AED 42,000 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 2904 sits

All 204 studios →

2904 last sold in October 2015 at AED 1,775 per sqft, 4% above what studios in The Matrix were fetching at the time (AED 1,700). 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. 2904's AED 42,000 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 29th floor

All 377 units in The Matrix
Value
29011-bedAED 550K · May 2024
29021-bedAED 856K · Apr 2025
2903StudioAED 1.58M · Oct 2015
2905StudioAED 1.45M · Dec 2015
29061-bedAED 2.13M · Dec 2019
29071-bedAED 1.1M · Oct 2015
29081-bedAED 1.68M · Oct 2015
1–7 of 12

2904, The Matrix in numbers

  • Sold once: by TFG Real Estate on 25 October 2015 for AED 1,069,605, or AED 1,775 per sqft.
  • Rented since December 2015 on 4 Ejari contracts, from AED 62,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2015 price is 3.9%, before a service charge of about AED 6,500 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 15 September 2019.

Questions about 2904, The Matrix

What did unit 2904 last sell for?

AED 1,069,605 on 25 October 2015, sold by the developer: AED 1,775 per sqft for 602 sqft. It is the only registered sale of the unit.

What is the rent for unit 2904?

AED 42,000 a year on the contract signed on 15 September 2019. The previous contract, from February 2018, was AED 46,800; the unit has been rented since December 2015.

How big is unit 2904?

602 sqft (55.9 sqm): a studio on the 29th floor of a 31-storey tower completed in 2014.

What is unit 2904 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 2904, The Matrix

Starts from the last sale price (AED 1.07M, 25 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,069,605
Deposit, UAE resident (20%)
AED 213,921
Deposit, non-resident (40%)
AED 427,842
Monthly over 25 years at 3.7%
AED 4,376

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