1-bed · 1,170 sqftAmwaj 4, Jumeirah Beach Residence · 7th floor · completed 2007

704, Amwaj 4

Sold prices and rental history: sold 3 times, last in May 2021, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 6 July 2023
Last soldAED 1.01M27 May 2021
Current rentAED 74K /yr6 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Amwaj 4

What is 704 worth today?

Last sold for AED 1,010,000 in 2021

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6 Jul 2023RentedRenewal
AED 73,700/yr12 months · AED 63 per sqft
6 Jul 2022RentedRenewal
AED 73,700/yr12 months · AED 63 per sqft
6 Jul 2021RentedNew contract
AED 67,000/yr12 months · AED 57 per sqft
27 May 2021SoldReady
AED 1,010,000AED 863 per sqft
6 Jul 2020RentedRenewal
AED 67,000/yr12 months · AED 57 per sqft
6 Jul 2019RentedNew contract
AED 72,000/yr12 months · AED 61 per sqft
1 May 2017RentedRenewal
AED 100,000/yr12 months · AED 85 per sqft
1 May 2016RentedNew contract
AED 100,000/yr12 months · AED 85 per sqft

Source: Dubai Land Department. Updated 6 July 2023.

Key facts

Type
1-bed apartment
Size
1,170 sqft
Floor
7th of 42
Parking
B6
Developer
Dubai Properties
Completed
2007
Service charge
AED 19,100 /yr
Last sold
AED 1.01M · May 2021
Building
Amwaj 4

About 704, Amwaj 4

704 is a one-bedroom apartment of 1,170 sqft on the 7th floor of Amwaj 4, a 42-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 27 May 2021 for AED 1,010,000, or AED 863 per sqft, in line with the AED 859 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 6 July 2023, is AED 73,700 a year: a gross yield of 7.3% on the 2021 price, before the service charge of about AED 19,100 a year.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical one-bed in Amwaj 4
1M2M20072012201720222027Typical sale price by year: 2007 AED 1,200,000; 2008 AED 1,182,500; 2009 AED 1,165,000; 2011 AED 1,165,000; 2012 AED 1,135,000; 2013 AED 1,380,000; 2014 AED 1,432,500; 2015 AED 1,165,000; 2016 AED 1,315,000; 2021 AED 1,005,000; 2023 AED 1,500,000; 2024 AED 1,812,500; 2025 AED 1,700,000; 2026 AED 1,660,000Sold by developer, February 2009: AED 582,500 (AED 497 per sqft)Sold, November 2009: AED 1,200,000 (AED 1,025 per sqft)Sold, May 2021: AED 1,010,000 (AED 863 per sqft)

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

Rents
Unit 704, each contractTypical one-bed in Amwaj 4
60K80K100K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 80,000; 2014 AED 105,000; 2015 AED 100,000; 2016 AED 105,000; 2017 AED 100,000; 2018 AED 92,000; 2019 AED 78,000; 2020 AED 67,000; 2021 AED 64,000; 2022 AED 74,625; 2023 AED 80,850; 2024 AED 87,665; 2025 AED 95,000; 2026 AED 90,000New contract, May 2016: AED 100,000 a yearRenewal, May 2017: AED 100,000 a yearNew contract, July 2019: AED 72,000 a yearRenewal, July 2020: AED 67,000 a yearNew contract, July 2021: AED 67,000 a yearRenewal, July 2022: AED 73,700 a yearRenewal, July 2023: AED 73,700 a year

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

1-beds in Amwaj 4, and where 704 sits

All 57 1-beds →

704 last sold in May 2021 at AED 863 per sqft, in line with what one-beds in Amwaj 4 were fetching at the time (AED 859). Over the last 12 months one-beds sold for AED 1,650,000 to 1,800,000, around AED 1,419 per sqft, and rent for AED 75,600 to 165,000 a year. 704's AED 73,700 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
2 Jun 20261,800,000
16 Feb 20261,660,000
7 Jan 20261,650,000
13 Oct 20251,700,000
3 1-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 7th floor

All 296 units in Amwaj 4
Value
7013-bedAED 2.3M · Nov 2015
7023-bedAED 2.5M · Mar 2015
7031-bedAED 1.54M · Dec 2024
7051-bedAED 1.24M · Oct 2022
7061-bedAED 1.4M · Dec 2016
7073-bedAED 2.45M · Jul 2017
7083-bedAED 1.47M · Mar 2008

704, Amwaj 4 in numbers

  • Sold 3 times: first on 17 February 2009 for AED 582,500, last on 27 May 2021 for AED 1,010,000 (AED 863 per sqft).
  • Rented since May 2016 on 7 Ejari contracts, from AED 100,000 to AED 73,700 a year.
  • At AED 73,700 a year the gross yield on the 2021 price is 7.3%, before a service charge of about AED 19,100 a year (AED 16.30 per sqft).
  • One-beds in Amwaj 4 sold for AED 1,650,000–1,800,000 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 6 July 2023.

Questions about 704, Amwaj 4

What did unit 704 last sell for?

AED 1,010,000 on 27 May 2021: AED 863 per sqft for 1,170 sqft. The unit has 3 registered sales; the first was AED 582,500 in February 2009.

What is the rent for unit 704?

AED 73,700 a year on the contract renewed on 6 July 2023. The previous contract, from July 2022, was AED 73,700; the unit has been rented since May 2016.

How big is unit 704?

1,170 sqft (108.7 sqm): a one-bedroom apartment on the 7th floor of a 42-storey tower completed in 2007.

What is unit 704 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Amwaj 4 sold for AED 1,650,000 to 1,800,000 in the last 12 months, around AED 1,419 per sqft.

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Mortgage on 704, Amwaj 4

Starts from the last sale price (AED 1.01M, 27 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,010,000
Deposit, UAE resident (20%)
AED 202,000
Deposit, non-resident (40%)
AED 404,000
Monthly over 25 years at 3.7%
AED 4,132

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