2-bed · 1,400 sqftSadaf 1, Jumeirah Beach Residence · 10th floor · completed 2007

1009, Sadaf 1

Sold prices and rental history: sold once, by the developer in November 2015, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1009 · DLD and Ejari recordsUpdated 1 July 2020
Last soldAED 599K19 November 2015
Current rentAED 70K /yr1 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1009, Sadaf 1

What is 1009 worth today?

Last sold for AED 599,000 in 2015

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1 Jul 2020RentedNew contract
AED 70,000/yr12 months · AED 50 per sqft
26 Sep 2018RentedNew contract
AED 105,000/yr12 months · AED 75 per sqft
6 Jan 2018RentedRenewal
AED 120,000/yr6 months · AED 86 per sqft
5 Jan 2017RentedNew contract
AED 124,665/yr12 months · AED 89 per sqft
19 Nov 2015Sold by developerReady
AED 599,000AED 427 per sqft

Source: Dubai Land Department. Updated 1 July 2020.

Key facts

Type
2-bed apartment
Size
1,400 sqft
Floor
10th of 39
Parking
B484
Developer
Dubai Properties
Completed
2007
Service charge
AED 27,300 /yr
Last sold
AED 599K · November 2015
Building
Sadaf 1

About 1009, Sadaf 1

1009 is a two-bedroom apartment of 1,400 sqft on the 10th floor of Sadaf 1, a 39-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 19 November 2015 for AED 599,000, or AED 427 per sqft, 68% below the AED 1,319 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 1 July 2020, is AED 70,000 a year: a gross yield of 11.7% on the 2015 price, before the service charge of about AED 27,300 a year.

Sales and rents for 1009 over time

Sales
Unit 1009, each saleTypical two-bed in Sadaf 1
1M2M20072012201720222027Typical sale price by year: 2007 AED 574,500; 2008 AED 599,000; 2009 AED 599,000; 2010 AED 668,713; 2012 AED 1,350,000; 2013 AED 1,760,000; 2014 AED 2,292,500; 2015 AED 1,850,000; 2021 AED 1,520,000; 2023 AED 1,962,500; 2024 AED 2,250,000; 2025 AED 2,075,000; 2026 AED 2,175,000Sold by developer, November 2015: AED 599,000 (AED 427 per sqft)

1009 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1009, each contractTypical two-bed in Sadaf 1
100K2012201620202024Typical rent by year: 2012 AED 105,000; 2013 AED 105,000; 2014 AED 130,000; 2015 AED 135,000; 2016 AED 129,091; 2017 AED 130,000; 2018 AED 115,000; 2019 AED 105,000; 2020 AED 88,750; 2021 AED 82,500; 2022 AED 94,500; 2023 AED 115,000; 2024 AED 125,962; 2025 AED 130,000; 2026 AED 131,853New contract, January 2017: AED 124,665 a yearRenewal, January 2018: AED 120,000 a yearNew contract, September 2018: AED 105,000 a yearNew contract, July 2020: 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 Sadaf 1, and where 1009 sits

All 38 2-beds →

1009 last sold in November 2015 at AED 427 per sqft, 68% below what two-beds in Sadaf 1 were fetching at the time (AED 1,319). Over the last 12 months two-beds sold for AED 2,000,000 to 2,650,000, around AED 1,551 per sqft, and rent for AED 110,000 to 215,000 a year. 1009's AED 70,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Oct 20262,000,000
1 Oct 20262,175,000
3 Apr 20262,650,000
29 Oct 20252,725,000
3 2-bed sales in the last 12 months

Sadaf 1

Building

121 apartments, studios to 4-bed over 39 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 8 sold in the last 12 months.

Typical price per sqft
AED 1,407
Typical sale
AED 2.65M
Typical rent
AED 150K /yr
Typical yield
6.5%
Sadaf 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 10th floor

All 121 units in Sadaf 1
Value
10063-bedAED 2.2M · Jun 2023
10073-bedAED 2.93M · Sep 2023
10082-bedAED 599K · Feb 2008

1009, Sadaf 1 in numbers

  • Sold once: by Dubai Properties on 19 November 2015 for AED 599,000, or AED 427 per sqft.
  • Rented since January 2017 on 4 Ejari contracts, from AED 124,665 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2015 price is 11.7%, before a service charge of about AED 27,300 a year (AED 19.53 per sqft).
  • Two-beds in Sadaf 1 sold for AED 2,000,000–2,650,000 in the 12 months to November 2026; the building's median across all types is AED 1,407 per sqft.

Source: Dubai Land Department. Updated 1 July 2020.

Questions about 1009, Sadaf 1

What did unit 1009 last sell for?

AED 599,000 on 19 November 2015, sold by the developer: AED 427 per sqft for 1,400 sqft. It is the only registered sale of the unit.

What is the rent for unit 1009?

AED 70,000 a year on the contract signed on 1 July 2020. The previous contract, from September 2018, was AED 105,000; the unit has been rented since January 2017.

How big is unit 1009?

1,400 sqft (130.1 sqm): a two-bedroom apartment on the 10th floor of a 39-storey tower completed in 2007.

What is unit 1009 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Sadaf 1 sold for AED 2,000,000 to 2,650,000 in the last 12 months, around AED 1,551 per sqft.

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Mortgage on 1009, Sadaf 1

Starts from the last sale price (AED 599K, 19 November 2015). Switch to today's estimate once you have unlocked it.
Price
AED 599,000
Deposit, UAE resident (20%)
AED 119,800
Deposit, non-resident (40%)
AED 239,600
Monthly over 25 years at 3.7%
AED 2,451

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