3-bed · 3,533 sqftTerrace Apartments 1, Green Community Motor City · 2nd floor · completed 2010

C-21, Terrace Apartments 1

Sold prices and rental history: sold once, by the developer in March 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit C-21 · DLD and Ejari recordsUpdated 1 February 2020
Last soldAED 2.5M15 March 2010
Current rentAED 140K /yr1 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for C-21, Terrace Apartments 1

What is C-21 worth today?

Last sold for AED 2,500,000 in 2010

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1 Feb 2020RentedNew contract
AED 140,000/yr12 months · AED 40 per sqft
15 Sep 2018RentedNew contract
AED 155,000/yr12 months · AED 44 per sqft
21 Dec 2017RentedRenewal
AED 200,000/yr6 months · AED 57 per sqft
21 Dec 2016RentedRenewal
AED 200,000/yr12 months · AED 57 per sqft
21 Dec 2015RentedNew contract
AED 200,000/yr12 months · AED 57 per sqft
21 Dec 2014RentedNew contract
AED 200,000/yr12 months · AED 57 per sqft
4 Nov 2012RentedNew contract
AED 162,000/yr12 months · AED 46 per sqft
15 Mar 2010Sold by developerReady
AED 2,500,000AED 707 per sqft

Source: Dubai Land Department. Updated 1 February 2020.

Key facts

Type
3-bed apartment
Size
3,533 sqft
Floor
2nd of 4
Parking
G-28, G-29
Developer
Union Properties
Completed
2010
Service charge
AED 47,700 /yr
Last sold
AED 2.5M · March 2010

About C-21, Terrace Apartments 1

C-21 is a three-bedroom apartment of 3,533 sqft on the 2nd floor of Terrace Apartments 1, a 4-storey tower in Green Community Motor City completed in 2010 by Union Properties. The developer sold it on 15 March 2010 for AED 2,500,000, or AED 707 per sqft, 3% below the AED 731 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, signed on 1 February 2020, is AED 140,000 a year: a gross yield of 5.6% on the 2010 price, before the service charge of about AED 47,700 a year.

Sales and rents for C-21 over time

Sales
Unit C-21, each saleTypical three-bed in Terrace Apartments 1
2M4M2009201420192024Typical sale price by year: 2009 AED 2,900,000; 2010 AED 2,750,000; 2011 AED 1,700,000; 2013 AED 2,663,573; 2014 AED 3,167,500; 2016 AED 2,150,000; 2017 AED 3,150,000; 2021 AED 2,550,000; 2022 AED 2,893,675; 2024 AED 4,200,000; 2025 AED 4,200,000Sold by developer, March 2010: AED 2,500,000 (AED 707 per sqft)

C-21 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit C-21, each contractTypical three-bed in Terrace Apartments 1
200K2012201620202024Typical rent by year: 2012 AED 142,500; 2013 AED 161,250; 2014 AED 190,050; 2015 AED 197,500; 2016 AED 190,000; 2017 AED 180,000; 2018 AED 160,000; 2019 AED 151,500; 2020 AED 140,000; 2021 AED 150,000; 2022 AED 150,000; 2023 AED 167,500; 2024 AED 200,000; 2025 AED 245,000; 2026 AED 257,500New contract, November 2012: AED 162,000 a yearNew contract, December 2014: AED 200,000 a yearNew contract, December 2015: AED 200,000 a yearRenewal, December 2016: AED 200,000 a yearRenewal, December 2017: AED 200,000 a yearNew contract, September 2018: AED 155,000 a yearNew contract, February 2020: AED 140,000 a year

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

3-beds in Terrace Apartments 1, and where C-21 sits

All 40 3-beds →

C-21 last sold in March 2010 at AED 707 per sqft, 3% below what three-beds in Terrace Apartments 1 were fetching at the time (AED 731). Over the last 12 months three-beds sold for AED 4,200,000 to 5,100,000, around AED 1,080 per sqft, and rent for AED 202,860 to 290,000 a year. C-21's AED 140,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
17 Sep 20265,100,000
14 Sep 20264,200,000
8 Apr 20255,400,000
3 Mar 20254,200,000
2 3-bed sales in the last 12 months

Terrace Apartments 1

Building

40 apartments, 3-bed over 4 floors in Green Community Motor City, completed in 2010 by Union Properties. 2 sold in the last 12 months.

Typical price per sqft
AED 1,080
Typical sale
AED 4.65M
Typical rent
AED 245K /yr
Typical yield
5.6%
Terrace Apartments 1, Green Community Motor City: prices, sales and rents →

Other units on the 2nd floor

All 40 units in Terrace Apartments 1
Value
A-213-bedAED 2.9M · Aug 2009
A-223-bedAED 3.6M · Oct 2024
B-213-bedAED 3.15M · Apr 2017
B-223-bedAED 4.2M · Sep 2026
C-223-bedAED 2.9M · Jan 2010
D-213-bedAED 2.5M · Jun 2010
D-223-bedAED 1.35M · Jun 2013

C-21, Terrace Apartments 1 in numbers

  • Sold once: by Union Properties on 15 March 2010 for AED 2,500,000, or AED 707 per sqft.
  • Rented since November 2012 on 7 Ejari contracts, from AED 162,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2010 price is 5.6%, before a service charge of about AED 47,700 a year (AED 13.51 per sqft).
  • Three-beds in Terrace Apartments 1 sold for AED 4,200,000–5,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,080 per sqft.

Source: Dubai Land Department. Updated 1 February 2020.

Questions about C-21, Terrace Apartments 1

What did unit C-21 last sell for?

AED 2,500,000 on 15 March 2010, sold by the developer: AED 707 per sqft for 3,533 sqft. It is the only registered sale of the unit.

What is the rent for unit C-21?

AED 140,000 a year on the contract signed on 1 February 2020. The previous contract, from September 2018, was AED 155,000; the unit has been rented since November 2012.

How big is unit C-21?

3,533 sqft (328.2 sqm): a three-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2010.

What is unit C-21 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Terrace Apartments 1 sold for AED 4,200,000 to 5,100,000 in the last 12 months, around AED 1,080 per sqft.

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Mortgage on C-21, Terrace Apartments 1

Starts from the last sale price (AED 2.5M, 15 March 2010). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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