3-bed · 1,574 sqftIndigo Spectrum 2, International City · 7th floor · completed 2017

704, Indigo Spectrum 2

Sold prices and rental history: sold twice, last in March 2019, and rented once, from December 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 13 March 2019
Last soldAED 960K13 March 2019
Current rentAED 80K /yr7 December 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Indigo Spectrum 2

What is 704 worth today?

Last sold for AED 960,000 in 2019

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13 Mar 2019SoldReady
AED 960,000AED 610 per sqft
7 Dec 2018RentedNew contract
AED 80,000/yr12 months · AED 51 per sqft
16 Sep 2018Sold by developerReady
AED 546,935AED 347 per sqft

Source: Dubai Land Department. Updated 13 March 2019.

Key facts

Type
3-bed apartment
Size
1,574 sqft
Floor
7th of 7
Parking
B1-37
Developer
Mars Properties Investment
Completed
2017
Service charge
AED 17,500 /yr
Last sold
AED 960K · March 2019

About 704, Indigo Spectrum 2

704 is a three-bedroom apartment of 1,574 sqft on the 7th floor of Indigo Spectrum 2, a 7-storey tower in International City completed in 2017 by Mars Properties Investment. It last sold on 13 March 2019 for AED 960,000, or AED 610 per sqft, 6% below the AED 649 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 7 December 2018. The current contract, signed on 7 December 2018, is AED 80,000 a year: a gross yield of 8.3% on the 2019 price, before the service charge of about AED 17,500 a year.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical three-bed in Indigo Spectrum 2
500K1M201720182019Typical sale price by year: 2017 AED 1,228,227; 2018 AED 1,029,297Sold by developer, September 2018: AED 546,935 (AED 347 per sqft)Sold, March 2019: AED 960,000 (AED 610 per sqft)

704 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 704, each contractTypical three-bed in Indigo Spectrum 2
60K80K100K2018202120242027Typical rent by year: 2018 AED 78,500; 2019 AED 75,000; 2020 AED 67,500; 2021 AED 60,000; 2022 AED 64,500; 2023 AED 65,000; 2024 AED 72,000; 2025 AED 95,000; 2026 AED 80,000New contract, December 2018: AED 80,000 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 Indigo Spectrum 2, and where 704 sits

All 15 3-beds →

704 last sold in March 2019 at AED 610 per sqft, 6% below what three-beds in Indigo Spectrum 2 were fetching at the time (AED 649). 704's AED 80,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
5 May 20251,100,000
8 Apr 20251,100,000
16 Dec 2024900,942
19 Jan 2021900,000
0 3-bed sales in the last 12 months

Indigo Spectrum 2

Building

89 apartments, 1-bed to 3-bed over 7 floors in International City, completed in 2017 by Mars Properties Investment. 4 sold in the last 12 months.

Typical price per sqft
AED 767
Typical sale
AED 750K
Typical rent
AED 50K /yr
Typical yield
8.0%
Indigo Spectrum 2, International City: prices, sales and rents →

Other units on the 7th floor

All 89 units in Indigo Spectrum 2
Value
7011-bedAED 260K · Oct 2017
7021-bedAED 297K · Oct 2017
7033-bedAED 900K · Jan 2021
7051-bedAED 287K · Aug 2017
7061-bedAED 310K · Mar 2018
7071-bedAED 290K · Nov 2017
7081-bedAED 286K · Nov 2017
1–7 of 11

704, Indigo Spectrum 2 in numbers

  • Sold twice: first on 16 September 2018 for AED 546,935, last on 13 March 2019 for AED 960,000 (AED 610 per sqft).
  • Rented since December 2018 on one Ejari contract, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2019 price is 8.3%, before a service charge of about AED 17,500 a year (AED 11.13 per sqft).

Source: Dubai Land Department. Updated 13 March 2019.

Questions about 704, Indigo Spectrum 2

What did unit 704 last sell for?

AED 960,000 on 13 March 2019: AED 610 per sqft for 1,574 sqft. The unit has 2 registered sales; the first was AED 546,935 in September 2018.

What is the rent for unit 704?

AED 80,000 a year on the contract signed on 7 December 2018.

How big is unit 704?

1,574 sqft (146.2 sqm): a three-bedroom apartment on the 7th floor of a 7-storey tower completed in 2017.

What is unit 704 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 704, Indigo Spectrum 2

Starts from the last sale price (AED 960K, 13 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 960,000
Deposit, UAE resident (20%)
AED 192,000
Deposit, non-resident (40%)
AED 384,000
Monthly over 25 years at 3.7%
AED 3,928

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