2-bed · 1,277 sqftAmwaj 4, Jumeirah Beach Residence · 24th floor · completed 2007

2408, Amwaj 4

Sold prices and rental history: sold twice, last in March 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2408 · DLD and Ejari recordsUpdated 1 March 2020
Last soldAED 1.05M1 March 2020
Current rentAED 90K /yr12 June 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2408, Amwaj 4

What is 2408 worth today?

Last sold for AED 1,050,000 in 2020

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1 Mar 2020SoldReady
AED 1,050,000AED 822 per sqft
12 Jun 2019RentedRenewal
AED 90,000/yr12 months · AED 70 per sqft
12 Jun 2018RentedRenewal
AED 110,000/yr12 months · AED 86 per sqft
12 Jun 2017RentedNew contract
AED 108,000/yr12 months · AED 84 per sqft
21 Jan 2016RentedRenewal
AED 126,000/yr12 months · AED 98 per sqft
21 Jan 2015RentedNew contract
AED 135,000/yr12 months · AED 105 per sqft
1 Jan 2014RentedNew contract
AED 130,000/yr12 months · AED 101 per sqft
10 Feb 2008Sold by developerReady
AED 1,867,000AED 1,462 per sqft

Source: Dubai Land Department. Updated 1 March 2020.

Key facts

Type
2-bed apartment
Size
1,277 sqft
Floor
24th of 42
Parking
B99
Developer
Dubai Properties
Completed
2007
Service charge
AED 20,800 /yr
Last sold
AED 1.05M · March 2020
Building
Amwaj 4

About 2408, Amwaj 4

2408 is a two-bedroom apartment of 1,277 sqft on the 24th floor of Amwaj 4, a 42-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 1 March 2020 for AED 1,050,000, or AED 822 per sqft, in line with the AED 828 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 12 June 2019, is AED 90,000 a year: a gross yield of 8.6% on the 2020 price, before the service charge of about AED 20,800 a year.

Sales and rents for 2408 over time

Sales
Unit 2408, 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, February 2008: AED 1,867,000 (AED 1,462 per sqft)Sold, March 2020: AED 1,050,000 (AED 822 per sqft)

2408 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2408, each contractTypical two-bed in Amwaj 4
75K100K125K2012201620202024Typical 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, January 2014: AED 130,000 a yearNew contract, January 2015: AED 135,000 a yearRenewal, January 2016: AED 126,000 a yearNew contract, June 2017: AED 108,000 a yearRenewal, June 2018: AED 110,000 a yearRenewal, June 2019: AED 90,000 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 2408 sits

All 172 2-beds →

2408 last sold in March 2020 at AED 822 per sqft, in line with 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. 2408's AED 90,000 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 24th floor

All 296 units in Amwaj 4
Value
24012-bedAED 1.5M · Jul 2013
24022-bedAED 1.87M · Jan 2013
24032-bedAED 2.8M · May 2024
24042-bedAED 1.75M · Nov 2023
24052-bedAED 2.01M · Nov 2012
24062-bedAED 2.34M · Jun 2014
24072-bedAED 820K · Oct 2014

2408, Amwaj 4 in numbers

  • Sold twice: first on 10 February 2008 for AED 1,867,000, last on 1 March 2020 for AED 1,050,000 (AED 822 per sqft).
  • Rented since January 2014 on 6 Ejari contracts, from AED 130,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2020 price is 8.6%, 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 1 March 2020.

Questions about 2408, Amwaj 4

What did unit 2408 last sell for?

AED 1,050,000 on 1 March 2020: AED 822 per sqft for 1,277 sqft. The unit has 2 registered sales; the first was AED 1,867,000 in February 2008.

What is the rent for unit 2408?

AED 90,000 a year on the contract renewed on 12 June 2019. The previous contract, from June 2018, was AED 110,000; the unit has been rented since January 2014.

How big is unit 2408?

1,277 sqft (118.6 sqm): a two-bedroom apartment on the 24th floor of a 42-storey tower completed in 2007.

What is unit 2408 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 2408, Amwaj 4

Starts from the last sale price (AED 1.05M, 1 March 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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