408, Emirates Cluster 15
Sold prices and rental history: sold once, by the developer in March 2010, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Emirates Cluster 15
What is 408 worth today?
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Source: Dubai Land Department. Updated 20 December 2024.
Key facts
- Type
- Studio apartment
- Size
- 468 sqft
- Floor
- 4th of 4
- Parking
- nan
- Developer
- International City
- Completed
- 2011
- Service charge
- AED 4,800 /yr
- Last sold
- AED 374K · March 2010
- Building
- Emirates Cluster 15
About 408, Emirates Cluster 15
408 is a studio of 468 sqft on the 4th floor of Emirates Cluster 15, a 4-storey tower in International City completed in 2011 by International City. The developer sold it on 7 March 2010 for AED 374,400, or AED 799 per sqft, in line with the AED 782 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 20 December 2024, is AED 27,000 a year: a gross yield of 7.2% on the 2010 price, before the service charge of about AED 4,800 a year.
Sales and rents for 408 over time
408 has sold once; 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 408 sits
All 37 studios →408 last sold in March 2010 at AED 799 per sqft, in line with what studios in Emirates Cluster 15 were fetching at the time (AED 782). 408's AED 27,000 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 | |
| 407 | Studio | 433 sqft | AED 375KAED 375,000 · Nov 2015November 2015 | 25,000 /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 |
408, Emirates Cluster 15 in numbers
- Sold once: by International City on 7 March 2010 for AED 374,400, or AED 799 per sqft.
- Rented since December 2022 on 3 Ejari contracts, from AED 21,941 to AED 27,000 a year.
- At AED 27,000 a year the gross yield on the 2010 price is 7.2%, before a service charge of about AED 4,800 a year (AED 10.28 per sqft).
Source: Dubai Land Department. Updated 20 December 2024.
Questions about 408, Emirates Cluster 15
What did unit 408 last sell for?
AED 374,400 on 7 March 2010, sold by the developer: AED 799 per sqft for 468 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 27,000 a year on the contract renewed on 20 December 2024. The previous contract, from December 2023, was AED 24,067; the unit has been rented since December 2022.
How big is unit 408?
468 sqft (43.5 sqm): a studio on the 4th floor of a 4-storey tower completed in 2011.
What is unit 408 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 408, Emirates Cluster 15
Starts from the last sale price (AED 374K, 7 March 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 374,400
- Deposit, UAE resident (20%)
- AED 74,880
- Deposit, non-resident (40%)
- AED 149,760
- Monthly over 25 years at 3.7%
- AED 1,532
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →