Studio · 362 sqftLaya Heights, Dubai Studio City · 4th floor · completed 2023

424, Laya Heights

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

Unit 424 · DLD and Ejari recordsUpdated 11 May 2024
Last soldAED 450K8 February 2023
Current rentAED 48K /yr11 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 424, Laya Heights

What is 424 worth today?

Last sold for AED 450,000 in 2023

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11 May 2024RentedNew contract
AED 48,000/yr12 months · AED 131 per sqft
8 Feb 2023Sold by developerOff-plan
AED 450,000AED 1,242 per sqft

Source: Dubai Land Department. Updated 11 May 2024.

Key facts

Type
Studio apartment
Size
362 sqft
Floor
4th of 8
Parking
1
Developer
Laya Developers
Completed
2023
Service charge
AED 4,900 /yr
Last sold
AED 450K · February 2023
Building
Laya Heights

About 424, Laya Heights

424 is a studio of 362 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 8 February 2023 for AED 450,000, or AED 1,242 per sqft.

One Ejari contract is registered, from 11 May 2024. The current contract, signed on 11 May 2024, is AED 48,000 a year: a gross yield of 10.7% on the 2023 price, before the service charge of about AED 4,900 a year.

Sales and rents for 424 over time

Sales
Unit 424, each saleTypical studio in Laya Heights
500K600K20232024202520262027Typical sale price by year: 2023 AED 485,000; 2024 AED 625,000; 2025 AED 635,000; 2026 AED 650,000Sold by developer, February 2023: AED 450,000 (AED 1,242 per sqft)

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

Rents
Unit 424, each contractTypical studio in Laya Heights
48K49K50K2024202520262027Typical rent by year: 2024 AED 50,000; 2025 AED 50,000; 2026 AED 50,000New contract, May 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 Laya Heights, and where 424 sits

All 170 studios →

Over the last 12 months studios sold for AED 565,000 to 675,000, around AED 1,619 per sqft, and rent for AED 35,000 to 70,588 a year. 424's AED 48,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
29 Jul 2026607,000
24 Jul 2026570,000
8 Jul 2026650,000
19 Jun 2026565,000
13 studio 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

424, Laya Heights in numbers

  • Sold once: by Laya Developers on 8 February 2023 for AED 450,000, or AED 1,242 per sqft.
  • Rented since May 2024 on one Ejari contract, at AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2023 price is 10.7%, before a service charge of about AED 4,900 a year (AED 13.56 per sqft).
  • Studios in Laya Heights sold for AED 565,000–675,000 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 11 May 2024.

Questions about 424, Laya Heights

What did unit 424 last sell for?

AED 450,000 on 8 February 2023, sold by the developer: AED 1,242 per sqft for 362 sqft. It is the only registered sale of the unit.

What is the rent for unit 424?

AED 48,000 a year on the contract signed on 11 May 2024.

How big is unit 424?

362 sqft (33.6 sqm): a studio on the 4th floor of a 8-storey tower completed in 2023.

What is unit 424 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Laya Heights sold for AED 565,000 to 675,000 in the last 12 months, around AED 1,619 per sqft.

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Mortgage on 424, Laya Heights

Starts from the last sale price (AED 450K, 8 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 450,000
Deposit, UAE resident (20%)
AED 90,000
Deposit, non-resident (40%)
AED 180,000
Monthly over 25 years at 3.7%
AED 1,841

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