709, Phoenix Tower
Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 709, Phoenix Tower
What is 709 worth today?
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Source: Dubai Land Department. Updated 3 July 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,254 sqft
- Floor
- 7th of 7
- Parking
- B2-40
- Developer
- Phoenix Holdings
- Completed
- 2009
- Service charge
- AED 20,300 /yr
- Last sold
- AED 721K · June 2015
- Building
- Phoenix Tower
About 709, Phoenix Tower
709 is a two-bedroom apartment of 1,254 sqft on the 7th floor of Phoenix Tower, a 7-storey tower in Dubailand Residence Complex completed in 2009 by Phoenix Holdings. The developer sold it on 30 June 2015 for AED 720,797, or AED 574 per sqft, 22% below the AED 736 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 3 July 2023, is AED 49,450 a year: a gross yield of 6.9% on the 2015 price, before the service charge of about AED 20,300 a year.
Sales and rents for 709 over time
709 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Phoenix Tower, and where 709 sits
All 28 2-beds →709 last sold in June 2015 at AED 574 per sqft, 22% below what two-beds in Phoenix Tower were fetching at the time (AED 736). Over the last 12 months two-beds sold for AED 875,000 to 1,200,000, around AED 827 per sqft, and rent for AED 49,500 to 65,000 a year. 709's AED 49,450 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Jul 202610 July 2026 | 1,254 sqft | 1,200,000 | 957 | ||
| 9 Jul 20269 July 2026 | 1,254 sqft | 875,000 | 697 | ||
| 11 Sep 202311 September 2023 | 1,254 sqft | 550,000 | 438 | ||
| 26 Mar 201726 March 2017 | 1,254 sqft | 814,886 | 649 |
Phoenix Tower
Building110 apartments, studios to 2-bed over 7 floors in Dubailand Residence Complex, completed in 2009 by Phoenix Holdings. 16 sold in the last 12 months.
- Typical price per sqft
- AED 831
- Typical sale
- AED 495K
- Typical rent
- AED 35K /yr
- Typical yield
- 6.7%
Other units on the 7th floor
All 110 units in Phoenix Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,254 sqft | AED 815KAED 814,886 · Mar 2017March 2017 | 58,000 /yr | |
| 702 | Studio | 549 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 36,000 /yr | |
| 703 | Studio | 546 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 30,418 /yr | |
| 704 | Studio | 546 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 33,000 /yr | |
| 705 | Studio | 546 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 35,000 /yr | |
| 706 | Studio | 549 sqft | AED 329KAED 329,160 · Jun 2015June 2015 | 29,800 /yr | |
| 707 | 2-bed | 1,254 sqft | AED 721KAED 720,797 · Jun 2015June 2015 | 63,000 /yr | |
| 708 | 1-bed | 817 sqft | AED 495KAED 495,289 · Jun 2015June 2015 | 44,660 /yr | |
| 710 | Studio | 549 sqft | AED 200KAED 200,000 · Jun 2021June 2021 | 32,000 /yr | |
| 711 | Studio | 546 sqft | AED 355KAED 354,790 · Mar 2017March 2017 | 33,000 /yr | |
| 712 | Studio | 546 sqft | AED 200KAED 200,000 · Jun 2021June 2021 | 29,900 /yr | |
| 713 | Studio | 546 sqft | AED 355KAED 354,790 · Mar 2017March 2017 | 32,000 /yr | |
| 714 | Studio | 549 sqft | AED 200KAED 200,000 · Jun 2021June 2021 | 37,000 /yr | |
| 715 | 2-bed | 1,149 sqft | AED 712KAED 712,252 · Jun 2015June 2015 | 62,004 /yr | |
| 716 | 1-bed | 769 sqft | AED 330KAED 330,000 · May 2023May 2023 | 32,000 /yr |
709, Phoenix Tower in numbers
- Sold once: by Phoenix Holdings on 30 June 2015 for AED 720,797, or AED 574 per sqft.
- Rented since October 2014 on 9 Ejari contracts, from AED 47,000 to AED 49,450 a year.
- At AED 49,450 a year the gross yield on the 2015 price is 6.9%, before a service charge of about AED 20,300 a year (AED 16.19 per sqft).
- Two-beds in Phoenix Tower sold for AED 875,000–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 831 per sqft.
Source: Dubai Land Department. Updated 3 July 2023.
Questions about 709, Phoenix Tower
What did unit 709 last sell for?
AED 720,797 on 30 June 2015, sold by the developer: AED 574 per sqft for 1,254 sqft. It is the only registered sale of the unit.
What is the rent for unit 709?
AED 49,450 a year on the contract renewed on 3 July 2023. The previous contract, from June 2022, was AED 43,000; the unit has been rented since October 2014.
How big is unit 709?
1,254 sqft (116.5 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2009.
What is unit 709 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Phoenix Tower sold for AED 875,000 to 1,200,000 in the last 12 months, around AED 827 per sqft.
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Mortgage on 709, Phoenix Tower
Starts from the last sale price (AED 721K, 30 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 720,797
- Deposit, UAE resident (20%)
- AED 144,159
- Deposit, non-resident (40%)
- AED 288,319
- Monthly over 25 years at 3.7%
- AED 2,949
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →