2-bed · 1,156 sqftBahar 1, Jumeirah Beach Residence · 5th floor · completed 2007

501, Bahar 1

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

Unit 501 · DLD and Ejari recordsUpdated 31 March 2021
Last soldAED 860K22 December 2009
Current rentAED 70K /yr31 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 501, Bahar 1

What is 501 worth today?

Last sold for AED 860,000 in 2009

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31 Mar 2021RentedRenewal
AED 70,000/yr12 months · AED 61 per sqft
31 Mar 2020RentedRenewal
AED 80,000/yr12 months · AED 69 per sqft
31 Mar 2019RentedNew contract
AED 85,000/yr12 months · AED 74 per sqft
13 Dec 2017RentedRenewal
AED 115,000/yr12 months · AED 100 per sqft
13 Dec 2016RentedNew contract
AED 115,000/yr12 months · AED 100 per sqft
7 Sep 2015RentedRenewal
AED 125,000/yr12 months · AED 109 per sqft
7 Sep 2014RentedNew contract
AED 115,000/yr12 months · AED 100 per sqft
7 Sep 2013RentedNew contract
AED 105,000/yr12 months · AED 91 per sqft

Source: Dubai Land Department. Updated 31 March 2021.

Key facts

Type
2-bed apartment
Size
1,156 sqft
Floor
5th of 46
Parking
G54
Developer
Dubai Properties
Completed
2007
Service charge
AED 18,900 /yr
Last sold
AED 860K · December 2009
Building
Bahar 1

About 501, Bahar 1

501 is a two-bedroom apartment of 1,156 sqft on the 5th floor of Bahar 1, a 46-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 22 December 2009 for AED 860,000, or AED 744 per sqft, 18% above the AED 633 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 31 March 2021, is AED 70,000 a year: a gross yield of 8.1% on the 2009 price, before the service charge of about AED 18,900 a year.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical two-bed in Bahar 1
1M2M20072012201720222027Typical sale price by year: 2007 AED 820,000; 2008 AED 1,031,900; 2009 AED 860,000; 2010 AED 1,050,000; 2011 AED 1,168,250; 2012 AED 1,265,000; 2013 AED 1,490,000; 2014 AED 1,875,500; 2015 AED 1,680,000; 2016 AED 1,767,500; 2017 AED 1,680,000; 2018 AED 1,532,500; 2019 AED 1,248,026; 2020 AED 1,105,556; 2021 AED 1,312,500; 2022 AED 1,700,000; 2023 AED 1,850,000; 2024 AED 2,050,000; 2025 AED 2,100,000; 2026 AED 2,000,000Sold by developer, December 2009: AED 860,000 (AED 744 per sqft)

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

Rents
Unit 501, each contractTypical two-bed in Bahar 1
100K20112015201920232027Typical rent by year: 2011 AED 110,000; 2012 AED 100,000; 2013 AED 120,000; 2014 AED 126,500; 2015 AED 130,000; 2016 AED 129,651; 2017 AED 123,000; 2018 AED 110,000; 2019 AED 95,000; 2020 AED 80,000; 2021 AED 78,000; 2022 AED 91,000; 2023 AED 105,000; 2024 AED 125,000; 2025 AED 130,000; 2026 AED 125,500New contract, September 2013: AED 105,000 a yearNew contract, September 2014: AED 115,000 a yearRenewal, September 2015: AED 125,000 a yearNew contract, December 2016: AED 115,000 a yearRenewal, December 2017: AED 115,000 a yearNew contract, March 2019: AED 85,000 a yearRenewal, March 2020: AED 80,000 a yearRenewal, March 2021: AED 70,000 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 Bahar 1, and where 501 sits

All 243 2-beds →

501 last sold in December 2009 at AED 744 per sqft, 18% above what two-beds in Bahar 1 were fetching at the time (AED 633). Over the last 12 months two-beds sold for AED 1,000,000 to 2,600,000, around AED 1,545 per sqft, and rent for AED 50,000 to 1,000,000 a year. 501's AED 70,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Oct 20262,000,000
2 Oct 20262,000,000
11 Sep 20261,758,396
7 Sep 20261,858,000
13 2-bed sales in the last 12 months

Bahar 1

Building

330 apartments, studios to 4-bed over 46 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 21 sold in the last 12 months.

Typical price per sqft
AED 1,455 Down 6.4%
Typical sale
AED 1.86M
Typical rent
AED 120K /yr
Typical yield
6.3%
Bahar 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 5th floor

All 330 units in Bahar 1
Value
5022-bedAED 780K · May 2008
5031-bedAED 400K · Feb 2011
5041-bedAED 1.35M · Sep 2017
5051-bedAED 1.48M · May 2008
5061-bedAED 1.16M · Dec 2014
5072-bedAED 860K · Nov 2007
5082-bedAED 1.75M · Feb 2017

501, Bahar 1 in numbers

  • Sold once: by Dubai Properties on 22 December 2009 for AED 860,000, or AED 744 per sqft.
  • Rented since September 2013 on 8 Ejari contracts, from AED 105,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2009 price is 8.1%, before a service charge of about AED 18,900 a year (AED 16.36 per sqft).
  • Two-beds in Bahar 1 sold for AED 1,000,000–2,600,000 in the 12 months to November 2026; the building's median across all types is AED 1,455 per sqft.

Source: Dubai Land Department. Updated 31 March 2021.

Questions about 501, Bahar 1

What did unit 501 last sell for?

AED 860,000 on 22 December 2009, sold by the developer: AED 744 per sqft for 1,156 sqft. It is the only registered sale of the unit.

What is the rent for unit 501?

AED 70,000 a year on the contract renewed on 31 March 2021. The previous contract, from March 2020, was AED 80,000; the unit has been rented since September 2013.

How big is unit 501?

1,156 sqft (107.4 sqm): a two-bedroom apartment on the 5th floor of a 46-storey tower completed in 2007.

What is unit 501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Bahar 1 sold for AED 1,000,000 to 2,600,000 in the last 12 months, around AED 1,545 per sqft.

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Mortgage on 501, Bahar 1

Starts from the last sale price (AED 860K, 22 December 2009). Switch to today's estimate once you have unlocked it.
Price
AED 860,000
Deposit, UAE resident (20%)
AED 172,000
Deposit, non-resident (40%)
AED 344,000
Monthly over 25 years at 3.7%
AED 3,519

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