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2-bed · 1,277 sqftAmwaj 4, Jumeirah Beach Residence · 23rd floor · completed 2007

2302, Amwaj 4

Sold prices and rental history: sold twice, last in January 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2302 · DLD and Ejari recordsUpdated 18 August 2023
Last soldAED 1.87M18 January 2009
Current rentAED 100K /yr18 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2302, Amwaj 4

What is 2302 worth today?

Last sold for AED 1,866,000 in 2009

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18 Aug 2023RentedRenewal
AED 100,000/yr12 months · AED 78 per sqft
18 Aug 2022RentedNew contract
AED 90,000/yr12 months · AED 70 per sqft
23 Aug 2021RentedRenewal
AED 65,000/yr12 months · AED 51 per sqft
23 Aug 2020RentedNew contract
AED 63,000/yr12 months · AED 49 per sqft
1 Jun 2019RentedRenewal
AED 83,000/yr12 months · AED 65 per sqft
1 Aug 2018RentedRenewal
AED 100,080/yr10 months · AED 78 per sqft
1 Aug 2017RentedNew contract
AED 100,000/yr12 months · AED 78 per sqft
6 Aug 2015RentedNew contract
AED 120,000/yr12 months · AED 94 per sqft

Source: Dubai Land Department. Updated 18 August 2023.

Key facts

Type
2-bed apartment
Size
1,277 sqft
Floor
23rd of 42
Parking
B112
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,800 /yr
Last sold
AED 1.87M · January 2009
Building
Amwaj 4

About 2302, Amwaj 4

2302 is a two-bedroom apartment of 1,277 sqft on the 23rd floor of Amwaj 4, a 42-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 18 January 2009 for AED 1,866,000, or AED 1,461 per sqft, 87% above the AED 781 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 18 August 2023, is AED 100,000 a year: a gross yield of 5.4% on the 2009 price, before the service charge of about AED 20,800 a year.

Sales and rents for 2302 over time

Sales
Unit 2302, each saleTypical two-bed in Amwaj 4
1M2M20072012201720222027Typical sale price by year: 2007 AED 820,000; 2008 AED 1,042,750; 2009 AED 1,174,360; 2010 AED 1,100,000; 2011 AED 1,200,000; 2012 AED 1,370,000; 2013 AED 1,700,000; 2014 AED 2,000,000; 2015 AED 1,850,000; 2016 AED 1,610,000; 2017 AED 1,790,000; 2018 AED 1,712,500; 2019 AED 915,000; 2020 AED 1,185,000; 2021 AED 1,365,000; 2022 AED 1,688,000; 2023 AED 1,750,000; 2024 AED 2,200,000; 2025 AED 2,300,000; 2026 AED 2,350,000Sold by developer, December 2008: AED 1,866,000 (AED 1,461 per sqft)Sold, January 2009: AED 1,866,000 (AED 1,461 per sqft)

2302 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2302, each contractTypical two-bed in Amwaj 4
100K2012201620202024Typical rent by year: 2012 AED 105,000; 2013 AED 110,000; 2014 AED 125,000; 2015 AED 130,000; 2016 AED 125,000; 2017 AED 120,000; 2018 AED 113,264; 2019 AED 95,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 93,375; 2023 AED 105,158; 2024 AED 120,000; 2025 AED 128,000; 2026 AED 120,000New contract, April 2013: AED 95,000 a yearNew contract, April 2014: AED 100,000 a yearNew contract, April 2015: AED 120,000 a yearNew contract, August 2015: AED 120,000 a yearNew contract, August 2017: AED 100,000 a yearRenewal, August 2018: AED 100,080 a yearRenewal, June 2019: AED 83,000 a yearNew contract, August 2020: AED 63,000 a yearRenewal, August 2021: AED 65,000 a yearNew contract, August 2022: AED 90,000 a yearRenewal, August 2023: AED 100,000 a year

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

2-beds in Amwaj 4, and where 2302 sits

All 172 2-beds →

2302 last sold in January 2009 at AED 1,461 per sqft, 87% above what two-beds in Amwaj 4 were fetching at the time (AED 781). Over the last 12 months two-beds sold for AED 2,000,000 to 3,800,000, around AED 1,645 per sqft, and rent for AED 50,000 to 187,000 a year. 2302's AED 100,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Sep 20262,500,000
26 Aug 20262,100,000
20 May 20262,750,000
27 Apr 20262,750,000
11 2-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 23rd floor

All 296 units in Amwaj 4
Value
23012-bedAED 599K · May 2008
23032-bedAED 1.1M · Jul 2020
23042-bedAED 2.2M · Oct 2024
23052-bedAED 2.48M · Oct 2024
23062-bedAED 2.25M · Nov 2014
23072-bedAED 1.4M · Apr 2010
23082-bedAED 933K · Dec 2008

2302, Amwaj 4 in numbers

  • Sold twice: first on 22 December 2008 for AED 1,866,000, last on 18 January 2009 for AED 1,866,000 (AED 1,461 per sqft).
  • Rented since April 2013 on 11 Ejari contracts. The rent fell from AED 95,000 to AED 63,000 in 2020 and recovered to AED 100,000 by August 2023.
  • At AED 100,000 a year the gross yield on the 2009 price is 5.4%, before a service charge of about AED 20,800 a year (AED 16.30 per sqft).
  • Two-beds in Amwaj 4 sold for AED 2,000,000–3,800,000 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 18 August 2023.

Questions about 2302, Amwaj 4

What did unit 2302 last sell for?

AED 1,866,000 on 18 January 2009: AED 1,461 per sqft for 1,277 sqft. The unit has 2 registered sales; the first was AED 1,866,000 in December 2008.

What is the rent for unit 2302?

AED 100,000 a year on the contract renewed on 18 August 2023. The previous contract, from August 2022, was AED 90,000; the unit has been rented since April 2013.

How big is unit 2302?

1,277 sqft (118.6 sqm): a two-bedroom apartment on the 23rd floor of a 42-storey tower completed in 2007.

What is unit 2302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Amwaj 4 sold for AED 2,000,000 to 3,800,000 in the last 12 months, around AED 1,645 per sqft.

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Mortgage on 2302, Amwaj 4

Starts from the last sale price (AED 1.87M, 18 January 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,866,000
Deposit, UAE resident (20%)
AED 373,200
Deposit, non-resident (40%)
AED 746,400
Monthly over 25 years at 3.7%
AED 7,634

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