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1-bed · 653 sqftLaya Heights, Dubai Studio City · 4th floor · completed 2023

423, Laya Heights

Sold prices and rental history: sold once, by the developer in October 2023, and rented once, from April 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 423 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 625K12 October 2023
Current rentAED 85K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 423, Laya Heights

What is 423 worth today?

Last sold for AED 625,000 in 2023

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1 Apr 2024RentedNew contract
AED 85,000/yr12 months · AED 129 per sqft
12 Oct 2023Sold by developerOff-plan
AED 625,000AED 957 per sqft

Source: Dubai Land Department. Updated 1 April 2024.

Key facts

Type
1-bed apartment
Size
653 sqft
Floor
4th of 8
Parking
1
Developer
Laya Developers
Completed
2023
Service charge
AED 8,900 /yr
Last sold
AED 625K · October 2023
Building
Laya Heights

About 423, Laya Heights

423 is a one-bedroom apartment of 653 sqft on the 4th floor of Laya Heights, a 8-storey tower in Dubai Studio City completed in 2023 by Laya Developers . The developer sold it on 12 October 2023 for AED 625,000, or AED 957 per sqft, 13% below the AED 1,105 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 April 2024. The current contract, signed on 1 April 2024, is AED 85,000 a year: a gross yield of 13.6% on the 2023 price, before the service charge of about AED 8,900 a year.

Sales and rents for 423 over time

Sales
Unit 423, each saleTypical one-bed in Laya Heights
600K800K20232024202520262027Typical sale price by year: 2023 AED 700,000; 2024 AED 875,000; 2025 AED 930,000; 2026 AED 920,000Sold by developer, October 2023: AED 625,000 (AED 957 per sqft)

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

Rents
Unit 423, each contractTypical one-bed in Laya Heights
70K80K2024202520262027Typical rent by year: 2024 AED 72,000; 2025 AED 75,000; 2026 AED 70,000New contract, April 2024: AED 85,000 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 Laya Heights, and where 423 sits

All 219 1-beds →

423 last sold in October 2023 at AED 957 per sqft, 13% below what one-beds in Laya Heights were fetching at the time (AED 1,105). Over the last 12 months one-beds sold for AED 67,113 to 1,100,000, around AED 1,406 per sqft, and rent for AED 58,000 to 90,000 a year. 423's AED 85,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Aug 202624,850
5 Aug 202649,610
4 Aug 2026920,000
30 Jul 202656,937
37 1-bed sales in the last 12 months

Laya Heights

Building

389 apartments, studios to 1-bed over 8 floors in Dubai Studio City, completed in 2023 by Laya Developers . 50 sold in the last 12 months.

Typical price per sqft
AED 1,475 Down 3.8%
Typical sale
AED 672K
Typical rent
AED 70K /yr
Typical yield
8.3%
Laya Heights, Dubai Studio City: prices, sales and rents →

Other units on the 4th floor

All 389 units in Laya Heights
Value
4011-bedAED 690K · Jul 2023
4021-bedAED 843K · Jul 2024
4031-bedAED 656K · Oct 2023
4041-bedAED 680K · Feb 2023
4051-bedAED 715K · Sep 2023
4061-bedAED 690K · Sep 2023
4071-bedAED 735K · Jun 2023
1–7 of 49

423, Laya Heights in numbers

  • Sold once: by Laya Developers on 12 October 2023 for AED 625,000, or AED 957 per sqft.
  • Rented since April 2024 on one Ejari contract, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2023 price is 13.6%, before a service charge of about AED 8,900 a year (AED 13.56 per sqft).
  • One-beds in Laya Heights sold for AED 67,113–1,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,475 per sqft.

Source: Dubai Land Department. Updated 1 April 2024.

Questions about 423, Laya Heights

What did unit 423 last sell for?

AED 625,000 on 12 October 2023, sold by the developer: AED 957 per sqft for 653 sqft. It is the only registered sale of the unit.

What is the rent for unit 423?

AED 85,000 a year on the contract signed on 1 April 2024.

How big is unit 423?

653 sqft (60.7 sqm): a one-bedroom apartment on the 4th floor of a 8-storey tower completed in 2023.

What is unit 423 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Laya Heights sold for AED 67,113 to 1,100,000 in the last 12 months, around AED 1,406 per sqft.

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Mortgage on 423, Laya Heights

Starts from the last sale price (AED 625K, 12 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 625,000
Deposit, UAE resident (20%)
AED 125,000
Deposit, non-resident (40%)
AED 250,000
Monthly over 25 years at 3.7%
AED 2,557

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