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2-bed · 1,382 sqftAmwaj 4, Jumeirah Beach Residence · 23rd floor · completed 2007

2303, Amwaj 4

Sold prices and rental history: sold 3 times, last in July 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2303 · DLD and Ejari recordsUpdated 2 July 2020
Last soldAED 1.1M2 July 2020
Current rentAED 105K /yr28 December 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2303, Amwaj 4

What is 2303 worth today?

Last sold for AED 1,100,000 in 2020

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2 Jul 2020SoldReady
AED 1,100,000AED 796 per sqft
28 Dec 2018RentedRenewal
AED 105,000/yr12 months · AED 76 per sqft
28 Dec 2017RentedNew contract
AED 110,000/yr12 months · AED 80 per sqft
9 May 2016RentedRenewal
AED 165,000/yr6 months · AED 120 per sqft
9 May 2015RentedNew contract
AED 165,000/yr12 months · AED 120 per sqft
9 May 2013RentedNew contract
AED 125,000/yr12 months · AED 91 per sqft
29 Oct 2009SoldReady
AED 1,575,000AED 1,140 per sqft
20 May 2008Sold by developerReady
AED 732,375AED 530 per sqft

Source: Dubai Land Department. Updated 2 July 2020.

Key facts

Type
2-bed apartment
Size
1,382 sqft
Floor
23rd of 42
Parking
B111
Developer
Dubai Properties
Completed
2007
Service charge
AED 22,500 /yr
Last sold
AED 1.1M · July 2020
Building
Amwaj 4

About 2303, Amwaj 4

2303 is a two-bedroom apartment of 1,382 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 2 July 2020 for AED 1,100,000, or AED 796 per sqft, 4% below the AED 828 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 28 December 2018, is AED 105,000 a year: a gross yield of 9.6% on the 2020 price, before the service charge of about AED 22,500 a year.

Sales and rents for 2303 over time

Sales
Unit 2303, 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, May 2008: AED 732,375 (AED 530 per sqft)Sold, October 2009: AED 1,575,000 (AED 1,140 per sqft)Sold, July 2020: AED 1,100,000 (AED 796 per sqft)

2303 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2303, each contractTypical two-bed in Amwaj 4
100K150K2012201620202024Typical 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, May 2013: AED 125,000 a yearNew contract, May 2015: AED 165,000 a yearRenewal, May 2016: AED 165,000 a yearNew contract, December 2017: AED 110,000 a yearRenewal, December 2018: AED 105,000 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 2303 sits

All 172 2-beds →

2303 last sold in July 2020 at AED 796 per sqft, 4% below what two-beds in Amwaj 4 were fetching at the time (AED 828). 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. 2303's AED 105,000 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
23022-bedAED 1.87M · Jan 2009
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

2303, Amwaj 4 in numbers

  • Sold 3 times: first on 20 May 2008 for AED 732,375, last on 2 July 2020 for AED 1,100,000 (AED 796 per sqft).
  • Rented since May 2013 on 5 Ejari contracts, from AED 125,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2020 price is 9.6%, before a service charge of about AED 22,500 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 2 July 2020.

Questions about 2303, Amwaj 4

What did unit 2303 last sell for?

AED 1,100,000 on 2 July 2020: AED 796 per sqft for 1,382 sqft. The unit has 3 registered sales; the first was AED 732,375 in May 2008.

What is the rent for unit 2303?

AED 105,000 a year on the contract renewed on 28 December 2018. The previous contract, from December 2017, was AED 110,000; the unit has been rented since May 2013.

How big is unit 2303?

1,382 sqft (128.4 sqm): a two-bedroom apartment on the 23rd floor of a 42-storey tower completed in 2007.

What is unit 2303 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 2303, Amwaj 4

Starts from the last sale price (AED 1.1M, 2 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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