408, Emirates Cluster 23
Sold prices and rental history: sold once, by the developer in April 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Emirates Cluster 23
What is 408 worth today?
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Source: Dubai Land Department. Updated 25 October 2025.
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 389K · April 2016
- Building
- Emirates Cluster 23
About 408, Emirates Cluster 23
408 is a studio of 468 sqft on the 4th floor of Emirates Cluster 23, a 4-storey tower in International City completed in 2011 by International City. The developer sold it on 5 April 2016 for AED 389,000, or AED 831 per sqft, in line with the AED 831 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, renewed on 25 October 2025, is AED 25,725 a year: a gross yield of 6.6% on the 2016 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 23, and where 408 sits
All 37 studios →408 last sold in April 2016 at AED 831 per sqft, in line with what studios in Emirates Cluster 23 were fetching at the time (AED 831). Over the last 12 months studios sold for AED 315,000 to 350,000, around AED 746 per sqft, and rent for AED 25,358 to 39,779 a year. 408's AED 25,725 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Oct 202629 October 2026 | 469 sqft | 350,000 | 746 | ||
| 5 Sep 20265 September 2026 | 447 sqft | 345,000 | 771 | ||
| 1 Jun 20261 June 2026 | 469 sqft | 350,000 | 746 | ||
| 8 May 20268 May 2026 | 468 sqft | 315,000 | 672 |
Emirates Cluster 23
Building58 apartments, studios to 1-bed over 4 floors in International City, completed in 2011 by International City. 5 sold in the last 12 months.
- Typical price per sqft
- AED 746
- Typical sale
- AED 350K
- Typical rent
- AED 33K /yr
- Typical yield
- 7.9%
Other units on the 4th floor
All 58 units in Emirates Cluster 23| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 741 sqft | AED 709KAED 708,800 · Oct 2013October 2013 | 42,000 /yr | |
| 402 | Studio | 469 sqft | AED 350KAED 350,000 · Oct 2026October 2026 | 25,358 /yr | |
| 403 | Studio | 469 sqft | AED 280KAED 280,000 · Jun 2024June 2024 | 33,000 /yr | |
| 404 | Studio | 427 sqft | AED 265KAED 265,000 · Jan 2024January 2024 | 31,162 /yr | |
| 405 | 1-bed | 693 sqft | AED 305KAED 305,000 · Jun 2022June 2022 | 36,000 /yr | |
| 406 | 1-bed | 692 sqft | AED 445KAED 445,000 · Jun 2026June 2026 | 46,000 /yr | |
| 407 | Studio | 433 sqft | AED 253KAED 253,200 · Sep 2013September 2013 | 25,000 /yr | |
| 409 | Studio | 457 sqft | AED 285KAED 285,000 · Aug 2018August 2018 | 26,500 /yr | |
| 410 | Studio | 460 sqft | AED 268KAED 268,000 · Mar 2013March 2013 | 33,000 /yr | |
| 411 | Studio | 459 sqft | AED 243KAED 243,400 · Oct 2013October 2013 | 26,769 /yr | |
| 412 | 1-bed | 728 sqft | AED 240KAED 240,000 · Apr 2016April 2016 | 37,000 /yr | |
| 409A | 1-bed | 794 sqft | AED 415KAED 415,000 · Apr 2018April 2018 | 44,500 /yr |
408, Emirates Cluster 23 in numbers
- Sold once: by International City on 5 April 2016 for AED 389,000, or AED 831 per sqft.
- Rented since March 2016 on 9 Ejari contracts. The rent fell from AED 41,500 to AED 17,500 in 2021 and recovered to AED 25,725 by October 2025.
- At AED 25,725 a year the gross yield on the 2016 price is 6.6%, before a service charge of about AED 4,800 a year (AED 10.28 per sqft).
- Studios in Emirates Cluster 23 sold for AED 315,000–350,000 in the 12 months to November 2026; the building's median across all types is AED 746 per sqft.
Source: Dubai Land Department. Updated 25 October 2025.
Questions about 408, Emirates Cluster 23
What did unit 408 last sell for?
AED 389,000 on 5 April 2016, sold by the developer: AED 831 per sqft for 468 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 25,725 a year on the contract renewed on 25 October 2025. The previous contract, from October 2024, was AED 24,500; the unit has been rented since March 2016.
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. Studios in Emirates Cluster 23 sold for AED 315,000 to 350,000 in the last 12 months, around AED 746 per sqft.
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Mortgage on 408, Emirates Cluster 23
Starts from the last sale price (AED 389K, 5 April 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 389,000
- Deposit, UAE resident (20%)
- AED 77,800
- Deposit, non-resident (40%)
- AED 155,600
- Monthly over 25 years at 3.7%
- AED 1,592
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →