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Studio · 457 sqftEmirates Cluster 15, International City · 4th floor · completed 2011

409, Emirates Cluster 15

Sold prices and rental history: sold twice, last in September 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 1 June 2015
Last soldAED 367K23 September 2014
Current rentAED 30K /yr1 June 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 409, Emirates Cluster 15

What is 409 worth today?

Last sold for AED 366,500 in 2014

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1 Jun 2015RentedNew contract
AED 30,250/yr12 months · AED 65 per sqft
23 Sep 2014SoldReady
AED 366,500AED 801 per sqft
1 Jun 2014RentedNew contract
AED 27,500/yr12 months · AED 59 per sqft
1 Jun 2013RentedNew contract
AED 25,000/yr12 months · AED 54 per sqft
29 Mar 2013RentedNew contract
AED 36,000/yr12 months · AED 79 per sqft
3 Mar 2010Sold by developerOff-plan
AED 366,500AED 801 per sqft

Source: Dubai Land Department. Updated 1 June 2015.

Key facts

Type
Studio apartment
Size
457 sqft
Floor
4th of 4
Parking
nan
Developer
International City
Completed
2011
Service charge
AED 4,700 /yr
Last sold
AED 367K · September 2014
Building
Emirates Cluster 15

About 409, Emirates Cluster 15

409 is a studio of 457 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 23 September 2014 for AED 366,500, or AED 801 per sqft, in line with the AED 788 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 1 June 2015, is AED 30,250 a year: a gross yield of 8.3% on the 2014 price, before the service charge of about AED 4,700 a year.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical studio in Emirates Cluster 15
300K400K2010201420182022Typical sale price by year: 2010 AED 364,000; 2012 AED 367,900; 2013 AED 334,100; 2014 AED 365,250; 2015 AED 375,000; 2017 AED 355,000; 2019 AED 230,000; 2023 AED 247,500; 2024 AED 328,000Sold by developer, March 2010: AED 366,500 (AED 801 per sqft)Sold, September 2014: AED 366,500 (AED 801 per sqft)

409 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 409, each contractTypical studio in Emirates Cluster 15
20K30K40K2013201720212025Typical rent by year: 2013 AED 25,500; 2014 AED 30,000; 2015 AED 38,000; 2016 AED 38,000; 2017 AED 33,000; 2018 AED 28,250; 2019 AED 24,000; 2020 AED 20,000; 2021 AED 18,000; 2022 AED 21,000; 2023 AED 22,500; 2024 AED 25,300; 2025 AED 27,000; 2026 AED 30,000New contract, March 2013: AED 36,000 a yearNew contract, June 2013: AED 25,000 a yearNew contract, June 2014: AED 27,500 a yearNew contract, June 2015: AED 30,250 a year

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 409 sits

All 37 studios →

409 last sold in September 2014 at AED 801 per sqft, in line with what studios in Emirates Cluster 15 were fetching at the time (AED 788). 409's AED 30,250 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
30 Apr 2025307,000
15 Oct 2024369,000
8 Oct 2024328,000
8 Mar 2024270,000
0 studio sales in the last 12 months

Emirates Cluster 15

Building

58 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
Emirates Cluster 15, International City: prices, sales and rents →

Other units on the 4th floor

All 58 units in Emirates Cluster 15
Value
4011-bedAED 535K · Dec 2016
402StudioAED 232K · Sep 2021
403StudioAED 150K · Dec 2012
404StudioAED 265K · May 2013
4051-bedAED 535K · Jan 2013
4061-bedAED 535K · Jan 2013
407StudioAED 375K · Nov 2015
1–7 of 12

409, Emirates Cluster 15 in numbers

  • Sold twice: first on 3 March 2010 for AED 366,500, last on 23 September 2014 for AED 366,500 (AED 801 per sqft).
  • Rented since March 2013 on 4 Ejari contracts. The rent fell from AED 36,000 to AED 25,000 in 2013 and recovered to AED 30,250 by June 2015.
  • At AED 30,250 a year the gross yield on the 2014 price is 8.3%, before a service charge of about AED 4,700 a year (AED 10.28 per sqft).

Source: Dubai Land Department. Updated 1 June 2015.

Questions about 409, Emirates Cluster 15

What did unit 409 last sell for?

AED 366,500 on 23 September 2014: AED 801 per sqft for 457 sqft. The unit has 2 registered sales; the first was AED 366,500 in March 2010.

What is the rent for unit 409?

AED 30,250 a year on the contract signed on 1 June 2015. The previous contract, from June 2014, was AED 27,500; the unit has been rented since March 2013.

How big is unit 409?

457 sqft (42.5 sqm): a studio on the 4th floor of a 4-storey tower completed in 2011.

What is unit 409 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 409, Emirates Cluster 15

Starts from the last sale price (AED 367K, 23 September 2014). Switch to today's estimate once you have unlocked it.
Price
AED 366,500
Deposit, UAE resident (20%)
AED 73,300
Deposit, non-resident (40%)
AED 146,600
Monthly over 25 years at 3.7%
AED 1,499

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