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Studio · 592 sqftThe Matrix, Dubai Sports City · 7th floor · completed 2014

712, The Matrix

Sold prices and rental history: sold twice, last in April 2021, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 712 · DLD and Ejari recordsUpdated 12 July 2021
Last soldAED 370K4 April 2021
Current rentAED 33K /yr12 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 712, The Matrix

What is 712 worth today?

Last sold for AED 370,000 in 2021

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12 Jul 2021RentedNew contract
AED 33,000/yr12 months · AED 56 per sqft
4 Apr 2021SoldReady
AED 370,000AED 625 per sqft
1 Mar 2018RentedNew contract
AED 53,000/yr12 months · AED 90 per sqft
1 Nov 2015Sold by developerReady
AED 888,503AED 1,501 per sqft

Source: Dubai Land Department. Updated 12 July 2021.

Key facts

Type
Studio apartment
Size
592 sqft
Floor
7th of 31
Parking
B-051
Developer
TFG Real Estate
Completed
2014
Service charge
AED 6,300 /yr
Last sold
AED 370K · April 2021
Building
The Matrix

About 712, The Matrix

712 is a studio of 592 sqft on the 7th floor of The Matrix, a 31-storey tower in Dubai Sports City completed in 2014 by TFG Real Estate. It last sold on 4 April 2021 for AED 370,000, or AED 625 per sqft, 49% below the AED 1,231 studios in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 12 July 2021, is AED 33,000 a year: a gross yield of 8.9% on the 2021 price, before the service charge of about AED 6,300 a year.

Sales and rents for 712 over time

Sales
Unit 712, 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, November 2015: AED 888,503 (AED 1,501 per sqft)Sold, April 2021: AED 370,000 (AED 625 per sqft)

712 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 712, 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, March 2018: AED 53,000 a yearNew contract, July 2021: AED 33,000 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 712 sits

All 204 studios →

712 last sold in April 2021 at AED 625 per sqft, 49% below what studios in The Matrix were fetching at the time (AED 1,231). 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. 712's AED 33,000 is in the lower 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 7th floor

All 377 units in The Matrix
Value
7011-bedAED 682K · Sep 2023
7021-bedAED 2.01M · Aug 2012
703StudioAED 1.67M · Jul 2012
704StudioAED 475K · Oct 2023
705StudioAED 560K · Apr 2024
7061-bedAED 1.7M · Mar 2017
7071-bedAED 1.43M · May 2018
1–7 of 12

712, The Matrix in numbers

  • Sold twice: first on 1 November 2015 for AED 888,503, last on 4 April 2021 for AED 370,000 (AED 625 per sqft).
  • Rented since March 2018 on 2 Ejari contracts, from AED 53,000 to AED 33,000 a year.
  • At AED 33,000 a year the gross yield on the 2021 price is 8.9%, before a service charge of about AED 6,300 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 12 July 2021.

Questions about 712, The Matrix

What did unit 712 last sell for?

AED 370,000 on 4 April 2021: AED 625 per sqft for 592 sqft. The unit has 2 registered sales; the first was AED 888,503 in November 2015.

What is the rent for unit 712?

AED 33,000 a year on the contract signed on 12 July 2021. The previous contract, from March 2018, was AED 53,000.

How big is unit 712?

592 sqft (55.0 sqm): a studio on the 7th floor of a 31-storey tower completed in 2014.

What is unit 712 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 712, The Matrix

Starts from the last sale price (AED 370K, 4 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 370,000
Deposit, UAE resident (20%)
AED 74,000
Deposit, non-resident (40%)
AED 148,000
Monthly over 25 years at 3.7%
AED 1,514

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