1-bed · 744 sqftPersia Cluster N05, International City · 3rd floor

308, Persia Cluster N05

Sold prices and rental history: sold once, by the developer in December 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 19 December 2022
Last soldAED 300K19 December 2022
Current rentAED 24K /yr5 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, Persia Cluster N05

What is 308 worth today?

Last sold for AED 300,000 in 2022

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19 Dec 2022Sold by developerReady
AED 300,000AED 403 per sqft
5 Nov 2020RentedNew contract
AED 24,000/yr12 months · AED 32 per sqft
5 Oct 2019RentedNew contract
AED 32,000/yr12 months · AED 43 per sqft
1 Oct 2018RentedRenewal
AED 37,000/yr12 months · AED 50 per sqft
1 Oct 2017RentedNew contract
AED 41,000/yr12 months · AED 55 per sqft
15 Mar 2017RentedNew contract
AED 42,000/yr12 months · AED 57 per sqft

Source: Dubai Land Department. Updated 19 December 2022.

Key facts

Type
1-bed apartment
Size
744 sqft
Floor
3rd of 4
Parking
nan
Service charge
AED 8,500 /yr
Last sold
AED 300K · December 2022

About 308, Persia Cluster N05

308 is a one-bedroom apartment of 744 sqft on the 3rd floor of Persia Cluster N05, a 4-storey tower in International City. The developer sold it on 19 December 2022 for AED 300,000, or AED 403 per sqft, in line with the AED 402 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 5 November 2020, is AED 24,000 a year: a gross yield of 8.0% on the 2022 price, before the service charge of about AED 8,500 a year.

Sales and rents for 308 over time

Rents
Unit 308, each contractTypical one-bed in Persia Cluster N05
30K40K2012201620202024Typical rent by year: 2012 AED 30,000; 2013 AED 32,750; 2014 AED 40,000; 2015 AED 42,000; 2016 AED 45,000; 2017 AED 42,000; 2018 AED 39,000; 2019 AED 35,000; 2020 AED 25,000; 2021 AED 26,000; 2022 AED 30,000; 2023 AED 33,000; 2024 AED 38,500; 2025 AED 38,000; 2026 AED 46,000New contract, March 2017: AED 42,000 a yearNew contract, October 2017: AED 41,000 a yearRenewal, October 2018: AED 37,000 a yearNew contract, October 2019: AED 32,000 a yearNew contract, November 2020: AED 24,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Persia Cluster N05, and where 308 sits

All 20 1-beds →

308 last sold in December 2022 at AED 403 per sqft, in line with what one-beds in Persia Cluster N05 were fetching at the time (AED 402). 308's AED 24,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Dec 2022300,000
19 Dec 2022300,000
19 Dec 2022300,000
19 Dec 2022300,000
0 1-bed sales in the last 12 months

Persia Cluster N05

Building

44 apartments, studios to 1-bed over 4 floors in International City. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 37K /yr
Typical yield
Persia Cluster N05, International City: prices, sales and rents →

Other units on the 3rd floor

All 44 units in Persia Cluster N05
Value
3011-bedAED 300K · Dec 2022
3021-bedAED 300K · Dec 2022
303StudioAED 200K · Dec 2022
304StudioAED 200K · Dec 2022
305StudioAED 200K · Dec 2022
306StudioAED 200K · Dec 2022
3071-bedAED 300K · Dec 2022
1–7 of 10

308, Persia Cluster N05 in numbers

  • Sold once: by the developer on 19 December 2022 for AED 300,000, or AED 403 per sqft.
  • Rented since March 2017 on 5 Ejari contracts, from AED 42,000 to AED 24,000 a year.
  • At AED 24,000 a year the gross yield on the 2022 price is 8.0%, before a service charge of about AED 8,500 a year (AED 11.44 per sqft).

Source: Dubai Land Department. Updated 19 December 2022.

Questions about 308, Persia Cluster N05

What did unit 308 last sell for?

AED 300,000 on 19 December 2022, sold by the developer: AED 403 per sqft for 744 sqft. It is the only registered sale of the unit.

What is the rent for unit 308?

AED 24,000 a year on the contract signed on 5 November 2020. The previous contract, from October 2019, was AED 32,000; the unit has been rented since March 2017.

How big is unit 308?

744 sqft (69.1 sqm): a one-bedroom apartment on the 3rd floor of a 4-storey tower.

What is unit 308 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 308, Persia Cluster N05

Starts from the last sale price (AED 300K, 19 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 300,000
Deposit, UAE resident (20%)
AED 60,000
Deposit, non-resident (40%)
AED 120,000
Monthly over 25 years at 3.7%
AED 1,227

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