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2-bed · 1,679 sqftSkycourt Towers B, Dubailand Residence Complex · completed 2011

P311, Skycourt Towers B

Sold prices and rental history: sold twice, last in June 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P311 · DLD and Ejari recordsUpdated 19 June 2023
Last soldAED 650K19 June 2023
Current rentAED 38K /yr10 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for P311, Skycourt Towers B

What is P311 worth today?

Last sold for AED 650,000 in 2023

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19 Jun 2023SoldReady
AED 650,000AED 387 per sqft
10 May 2021RentedNew contract
AED 38,000/yr12 months · AED 23 per sqft
16 Feb 2020RentedNew contract
AED 45,000/yr12 months · AED 27 per sqft
23 May 2018RentedRenewal
AED 72,500/yr12 months · AED 43 per sqft
23 May 2017RentedNew contract
AED 75,000/yr12 months · AED 45 per sqft
5 Feb 2017Sold by developerReady
AED 950,000AED 565 per sqft
1 May 2015RentedRenewal
AED 77,000/yr12 months · AED 46 per sqft
1 May 2014RentedNew contract
AED 77,000/yr12 months · AED 46 per sqft

Source: Dubai Land Department. Updated 19 June 2023.

Key facts

Type
2-bed apartment
Size
1,679 sqft
Parking
B B142 0
Developer
Sky Courts
Completed
2011
Service charge
AED 20,100 /yr
Last sold
AED 650K · June 2023
Building
Skycourt Towers B

About P311, Skycourt Towers B

P311 is a two-bedroom apartment of 1,679 sqft of Skycourt Towers B, a 21-storey tower in Dubailand Residence Complex completed in 2011 by Sky Courts. It last sold on 19 June 2023 for AED 650,000, or AED 387 per sqft, 14% below the AED 449 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 10 May 2021, is AED 38,000 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 20,100 a year.

Sales and rents for P311 over time

Sales
Unit P311, each saleTypical two-bed in Skycourt Towers B
500K1M2009201420192024Typical sale price by year: 2009 AED 712,056; 2011 AED 472,790; 2012 AED 712,056; 2013 AED 441,954; 2014 AED 951,120; 2015 AED 453,750; 2016 AED 730,000; 2017 AED 800,000; 2018 AED 925,000; 2019 AED 750,000; 2020 AED 1,050,000; 2021 AED 552,500; 2022 AED 550,000; 2023 AED 710,538; 2024 AED 790,000; 2025 AED 897,500; 2026 AED 900,000Sold by developer, February 2017: AED 950,000 (AED 565 per sqft)Sold, June 2023: AED 650,000 (AED 387 per sqft)

P311 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit P311, each contractTypical two-bed in Skycourt Towers B
40K60K80K20112015201920232027Typical rent by year: 2011 AED 47,223; 2012 AED 46,000; 2013 AED 50,000; 2014 AED 52,924; 2015 AED 70,000; 2016 AED 70,000; 2017 AED 65,175; 2018 AED 60,000; 2019 AED 50,000; 2020 AED 42,000; 2021 AED 37,000; 2022 AED 40,000; 2023 AED 45,000; 2024 AED 52,500; 2025 AED 65,000; 2026 AED 67,000New contract, January 2013: AED 50,000 a yearNew contract, May 2014: AED 77,000 a yearRenewal, May 2015: AED 77,000 a yearNew contract, May 2017: AED 75,000 a yearRenewal, May 2018: AED 72,500 a yearNew contract, February 2020: AED 45,000 a yearNew contract, May 2021: AED 38,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Skycourt Towers B, and where P311 sits

All 214 2-beds →

P311 last sold in June 2023 at AED 387 per sqft, 14% below what two-beds in Skycourt Towers B were fetching at the time (AED 449). Over the last 12 months two-beds sold for AED 546,593 to 1,031,200, around AED 705 per sqft, and rent for AED 49,315 to 120,000 a year. P311's AED 38,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Oct 2026870,000
26 Oct 2026950,000
16 Sep 2026687,470
25 Aug 2026890,000
24 2-bed sales in the last 12 months

Skycourt Towers B

Building

468 apartments, studios to 2-bed over 21 floors in Dubailand Residence Complex, completed in 2011 by Sky Courts. 42 sold in the last 12 months.

Typical price per sqft
AED 710 Up 6.2%
Typical sale
AED 722K
Typical rent
AED 49K /yr
Typical yield
8.8%
Skycourt Towers B, Dubailand Residence Complex: prices, sales and rents →

P311, Skycourt Towers B in numbers

  • Sold twice: first on 5 February 2017 for AED 950,000, last on 19 June 2023 for AED 650,000 (AED 387 per sqft).
  • Rented since January 2013 on 7 Ejari contracts, from AED 50,000 to AED 38,000 a year.
  • At AED 38,000 a year the gross yield on the 2023 price is 5.9%, before a service charge of about AED 20,100 a year (AED 11.97 per sqft).
  • Two-beds in Skycourt Towers B sold for AED 546,593–1,031,200 in the 12 months to November 2026; the building's median across all types is AED 710 per sqft.

Source: Dubai Land Department. Updated 19 June 2023.

Questions about P311, Skycourt Towers B

What did unit P311 last sell for?

AED 650,000 on 19 June 2023: AED 387 per sqft for 1,679 sqft. The unit has 2 registered sales; the first was AED 950,000 in February 2017.

What is the rent for unit P311?

AED 38,000 a year on the contract signed on 10 May 2021. The previous contract, from February 2020, was AED 45,000; the unit has been rented since January 2013.

How big is unit P311?

1,679 sqft (156.0 sqm): a two-bedroom apartment of a 21-storey tower completed in 2011.

What is unit P311 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Skycourt Towers B sold for AED 546,593 to 1,031,200 in the last 12 months, around AED 705 per sqft.

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Mortgage on P311, Skycourt Towers B

Starts from the last sale price (AED 650K, 19 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

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