407, Emirates Cluster 15
Sold prices and rental history: sold 4 times, last in November 2015, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Emirates Cluster 15
What is 407 worth today?
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Source: Dubai Land Department. Updated 12 January 2024.
Key facts
- Type
- Studio apartment
- Size
- 433 sqft
- Floor
- 4th of 4
- Parking
- nan
- Developer
- International City
- Completed
- 2011
- Service charge
- AED 4,400 /yr
- Last sold
- AED 375K · November 2015
- Building
- Emirates Cluster 15
About 407, Emirates Cluster 15
407 is a studio of 433 sqft on the 4th floor of Emirates Cluster 15, a 4-storey tower in International City completed in 2011 by International City. It last sold on 28 November 2015 for AED 375,000, or AED 866 per sqft, 11% above the AED 778 studios in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 12 January 2024, is AED 25,000 a year: a gross yield of 6.7% on the 2015 price, before the service charge of about AED 4,400 a year.
Sales and rents for 407 over time
407 has sold 4 times; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Emirates Cluster 15, and where 407 sits
All 37 studios →407 last sold in November 2015 at AED 866 per sqft, 11% above what studios in Emirates Cluster 15 were fetching at the time (AED 778). 407's AED 25,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Apr 202530 April 2025 | 447 sqft | 307,000 | 686 | ||
| 15 Oct 202415 October 2024 | 447 sqft | 369,000 | 824 | ||
| 8 Oct 20248 October 2024 | 515 sqft | 328,000 | 637 | ||
| 8 Mar 20248 March 2024 | 459 sqft | 270,000 | 587 |
Emirates Cluster 15
Building58 apartments, studios to 1-bed over 4 floors in International City, completed in 2011 by International City. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- AED 35K /yr
- Typical yield
Other units on the 4th floor
All 58 units in Emirates Cluster 15| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 741 sqft | AED 535KAED 535,000 · Dec 2016December 2016 | 43,000 /yr | |
| 402 | Studio | 469 sqft | AED 232KAED 232,000 · Sep 2021September 2021 | 30,500 /yr | |
| 403 | Studio | 469 sqft | AED 150KAED 150,000 · Dec 2012December 2012 | 33,600 /yr | |
| 404 | Studio | 427 sqft | AED 265KAED 265,000 · May 2013May 2013 | 26,600 /yr | |
| 405 | 1-bed | 693 sqft | AED 535KAED 534,800 · Jan 2013January 2013 | 35,000 /yr | |
| 406 | 1-bed | 692 sqft | AED 535KAED 534,800 · Jan 2013January 2013 | 37,025 /yr | |
| 408 | Studio | 468 sqft | AED 374KAED 374,400 · Mar 2010March 2010 | 27,000 /yr | |
| 409 | Studio | 457 sqft | AED 367KAED 366,500 · Sep 2014September 2014 | 30,250 /yr | |
| 410 | Studio | 460 sqft | AED 367KAED 366,500 · Jan 2014January 2014 | 40,000 /yr | |
| 411 | Studio | 459 sqft | AED 270KAED 270,000 · Mar 2024March 2024 | 32,000 /yr | |
| 412 | 1-bed | 728 sqft | AED 350KAED 350,000 · Nov 2023November 2023 | 42,000 /yr | |
| 409A | 1-bed | 794 sqft | AED 460KAED 460,000 · Sep 2022September 2022 | 40,000 /yr |
407, Emirates Cluster 15 in numbers
- Sold 4 times: first on 3 March 2010 for AED 326,600, last on 28 November 2015 for AED 375,000 (AED 866 per sqft).
- Rented since February 2013 on 9 Ejari contracts. The rent fell from AED 25,000 to AED 18,000 in 2020 and recovered to AED 25,000 by January 2024.
- At AED 25,000 a year the gross yield on the 2015 price is 6.7%, before a service charge of about AED 4,400 a year (AED 10.28 per sqft).
Source: Dubai Land Department. Updated 12 January 2024.
Questions about 407, Emirates Cluster 15
What did unit 407 last sell for?
AED 375,000 on 28 November 2015: AED 866 per sqft for 433 sqft. The unit has 4 registered sales; the first was AED 326,600 in March 2010.
What is the rent for unit 407?
AED 25,000 a year on the contract signed on 12 January 2024. The previous contract, from January 2023, was AED 22,500; the unit has been rented since February 2013.
How big is unit 407?
433 sqft (40.2 sqm): a studio on the 4th floor of a 4-storey tower completed in 2011.
What is unit 407 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 407, Emirates Cluster 15
Starts from the last sale price (AED 375K, 28 November 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 375,000
- Deposit, UAE resident (20%)
- AED 75,000
- Deposit, non-resident (40%)
- AED 150,000
- Monthly over 25 years at 3.7%
- AED 1,534
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →