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3-bed · 1,838 sqftAmwaj 4, Jumeirah Beach Residence · 15th floor · completed 2007

1502, Amwaj 4

Sold prices and rental history: sold 3 times, last in March 2019, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1502 · DLD and Ejari recordsUpdated 1 August 2019
Last soldAED 1.55M10 March 2019
Current rentAED 10K /yr1 August 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1502, Amwaj 4

What is 1502 worth today?

Last sold for AED 1,550,000 in 2019

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1 Aug 2019RentedNew contract · flagged as an outlier
AED 10,000/yr60 months · AED 5 per sqft
10 Mar 2019SoldReady
AED 1,550,000AED 843 per sqft
31 Oct 2017RentedRenewal
AED 159,000/yr12 months · AED 86 per sqft
31 Oct 2016RentedNew contract
AED 165,000/yr12 months · AED 90 per sqft
2 Oct 2012SoldReady
AED 877,500AED 477 per sqft
30 Sep 2009Sold by developerReady
AED 920,000AED 500 per sqft

Source: Dubai Land Department. Updated 1 August 2019.

Key facts

Type
3-bed apartment
Size
1,838 sqft
Floor
15th of 42
Parking
G9/10
Developer
Dubai Properties
Completed
2007
Service charge
AED 30,000 /yr
Last sold
AED 1.55M · March 2019
Building
Amwaj 4

About 1502, Amwaj 4

1502 is a three-bedroom apartment of 1,838 sqft on the 15th floor of Amwaj 4, a 42-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 10 March 2019 for AED 1,550,000, or AED 843 per sqft.

It has been rented since 2016 on 3 Ejari contracts. The current contract, signed on 1 August 2019, is AED 10,000 a year: a gross yield of 0.7% on the 2019 price, before the service charge of about AED 30,000 a year.

Sales and rents for 1502 over time

Sales
Unit 1502, each saleTypical three-bed in Amwaj 4
1M2M3M20072012201720222027Typical sale price by year: 2007 AED 1,105,000; 2008 AED 1,344,375; 2009 AED 1,500,000; 2010 AED 1,738,070; 2012 AED 1,220,000; 2013 AED 2,025,000; 2014 AED 1,470,000; 2015 AED 2,300,000; 2017 AED 2,400,000; 2019 AED 1,530,000; 2020 AED 1,260,000; 2021 AED 1,590,000; 2022 AED 2,220,000; 2024 AED 2,412,500; 2025 AED 2,650,000; 2026 AED 2,900,000Sold by developer, September 2009: AED 920,000 (AED 500 per sqft)Sold, October 2012: AED 877,500 (AED 477 per sqft)Sold, March 2019: AED 1,550,000 (AED 843 per sqft)

1502 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1502, each contractTypical three-bed in Amwaj 4
100K150K2012201620202024Typical rent by year: 2012 AED 117,500; 2013 AED 137,500; 2014 AED 142,500; 2015 AED 159,558; 2016 AED 165,000; 2017 AED 150,000; 2018 AED 140,000; 2019 AED 120,000; 2020 AED 100,000; 2021 AED 100,000; 2022 AED 115,000; 2023 AED 136,500; 2024 AED 142,075; 2025 AED 152,350; 2026 AED 152,250New contract, October 2016: AED 165,000 a yearRenewal, October 2017: AED 159,000 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 Amwaj 4, and where 1502 sits

All 62 3-beds →

Over the last 12 months three-beds sold for AED 2,565,000 to 3,000,000, around AED 1,523 per sqft, and rent for AED 130,000 to 210,000 a year. 1502's AED 10,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
27 Aug 20262,565,000
12 Aug 20263,000,000
12 Mar 20262,900,000
26 Dec 20252,700,000
4 3-bed sales in the last 12 months

Amwaj 4

Building

296 apartments, 1-bed to 4-bed over 42 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 22 sold in the last 12 months.

Typical price per sqft
AED 1,552 Down 1.5%
Typical sale
AED 2.57M
Typical rent
AED 124K /yr
Typical yield
5.6%
Amwaj 4, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 15th floor

All 296 units in Amwaj 4
Value
15013-bedAED 800K · Apr 2019
15032-bedAED 650K · May 2019
15042-bedAED 805K · Sep 2008
15052-bedAED 2.01M · Nov 2012
15062-bedAED 2.54M · Dec 2008
15073-bedAED 1.5M · Apr 2009
15083-bedAED 699K · Aug 2008

1502, Amwaj 4 in numbers

  • Sold 3 times: first on 30 September 2009 for AED 920,000, last on 10 March 2019 for AED 1,550,000 (AED 843 per sqft).
  • Rented since October 2016 on 3 Ejari contracts, from AED 165,000 to AED 10,000 a year.
  • At AED 10,000 a year the gross yield on the 2019 price is 0.7%, before a service charge of about AED 30,000 a year (AED 16.30 per sqft).
  • Three-beds in Amwaj 4 sold for AED 2,565,000–3,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,552 per sqft.

Source: Dubai Land Department. Updated 1 August 2019.

Questions about 1502, Amwaj 4

What did unit 1502 last sell for?

AED 1,550,000 on 10 March 2019: AED 843 per sqft for 1,838 sqft. The unit has 3 registered sales; the first was AED 920,000 in September 2009.

What is the rent for unit 1502?

AED 10,000 a year on the contract signed on 1 August 2019. The previous contract, from October 2017, was AED 159,000; the unit has been rented since October 2016.

How big is unit 1502?

1,838 sqft (170.8 sqm): a three-bedroom apartment on the 15th floor of a 42-storey tower completed in 2007.

What is unit 1502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Amwaj 4 sold for AED 2,565,000 to 3,000,000 in the last 12 months, around AED 1,523 per sqft.

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Mortgage on 1502, Amwaj 4

Starts from the last sale price (AED 1.55M, 10 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

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