408, 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.
Property timeline for 408, Persia Cluster N05
What is 408 worth today?
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Source: Dubai Land Department. Updated 1 August 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 750 sqft
- Floor
- 4th of 4
- Parking
- nan
- Service charge
- AED 8,600 /yr
- Last sold
- AED 300K · December 2022
- Building
- Persia Cluster N05
About 408, Persia Cluster N05
408 is a one-bedroom apartment of 750 sqft on the 4th 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 399 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 4 Ejari contracts. The current contract, signed on 1 August 2023, is AED 35,000 a year: a gross yield of 11.7% on the 2022 price, before the service charge of about AED 8,600 a year.
Sales and rents for 408 over time
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 408 sits
All 20 1-beds →408 last sold in December 2022 at AED 399 per sqft, in line with what one-beds in Persia Cluster N05 were fetching at the time (AED 402). 408's AED 35,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Dec 202222 December 2022 | 744 sqft | 300,000 | 403 | ||
| 19 Dec 202219 December 2022 | 745 sqft | 300,000 | 402 | ||
| 19 Dec 202219 December 2022 | 744 sqft | 300,000 | 402 | ||
| 19 Dec 202219 December 2022 | 937 sqft | 300,000 | 320 |
Persia Cluster N05
Building44 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
Other units on the 4th floor
All 44 units in Persia Cluster N05| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 750 sqft | AED 300KAED 300,000 · Dec 2022December 2022 | 40,000 /yr | |
| 402 | 1-bed | 751 sqft | AED 300KAED 300,000 · Dec 2022December 2022 | 28,000 /yr | |
| 403 | Studio | 476 sqft | AED 200KAED 200,000 · Dec 2022December 2022 | 30,000 /yr | |
| 404 | Studio | 476 sqft | AED 200KAED 200,000 · Dec 2022December 2022 | 16,000 /yr | |
| 405 | Studio | 477 sqft | AED 200KAED 200,000 · Dec 2022December 2022 | 37,000 /yr | |
| 406 | Studio | 476 sqft | AED 200KAED 200,000 · Dec 2022December 2022 | 23,000 /yr | |
| 407 | 1-bed | 937 sqft | AED 300KAED 300,000 · Dec 2022December 2022 | 50,000 /yr | |
| 409 | Studio | 488 sqft | AED 200KAED 200,000 · Dec 2022December 2022 | 21,000 /yr | |
| 410 | 1-bed | 750 sqft | AED 300KAED 300,000 · Dec 2022December 2022 | 33,000 /yr | |
| 412 | Studio | 487 sqft | AED 200KAED 200,000 · Dec 2022December 2022 | 32,000 /yr |
408, Persia Cluster N05 in numbers
- Sold once: by the developer on 19 December 2022 for AED 300,000, or AED 399 per sqft.
- Rented since August 2017 on 4 Ejari contracts. The rent fell from AED 43,000 to AED 26,000 in 2022 and recovered to AED 35,000 by August 2023.
- At AED 35,000 a year the gross yield on the 2022 price is 11.7%, before a service charge of about AED 8,600 a year (AED 11.44 per sqft).
Source: Dubai Land Department. Updated 1 August 2023.
Questions about 408, Persia Cluster N05
What did unit 408 last sell for?
AED 300,000 on 19 December 2022, sold by the developer: AED 399 per sqft for 750 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 35,000 a year on the contract signed on 1 August 2023. The previous contract, from August 2022, was AED 26,000; the unit has been rented since August 2017.
How big is unit 408?
750 sqft (69.7 sqm): a one-bedroom apartment on the 4th floor of a 4-storey tower.
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, 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 →