2-bed · 1,417 sqftSadaf 1, Jumeirah Beach Residence · 15th floor · completed 2007

1509, Sadaf 1

Sold prices and rental history: sold 3 times, last in November 2023, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1509 · DLD and Ejari recordsUpdated 30 November 2023
Last soldAED 2.05M30 November 2023
Current rentAED 120K /yr21 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1509, Sadaf 1

What is 1509 worth today?

Last sold for AED 2,050,000 in 2023

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30 Nov 2023SoldReady
AED 2,050,000AED 1,447 per sqft
21 Jul 2018RentedRenewal
AED 120,000/yr12 months · AED 84 per sqft
21 Jul 2017RentedNew contract
AED 135,000/yr12 months · AED 95 per sqft
10 Jul 2013SoldReady
AED 1,800,000AED 1,270 per sqft
7 Feb 2012RentedNew contract
AED 154,286/yr7 months · AED 109 per sqft
14 Jan 2009Sold by developerReady
AED 599,000AED 422 per sqft

Source: Dubai Land Department. Updated 30 November 2023.

Key facts

Type
2-bed apartment
Size
1,417 sqft
Floor
15th of 39
Parking
B323
Developer
Dubai Properties
Completed
2007
Service charge
AED 27,700 /yr
Last sold
AED 2.05M · November 2023
Building
Sadaf 1

About 1509, Sadaf 1

1509 is a two-bedroom apartment of 1,417 sqft on the 15th floor of Sadaf 1, a 39-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 30 November 2023 for AED 2,050,000, or AED 1,447 per sqft, 3% above the AED 1,399 two-beds in the building were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, renewed on 21 July 2018, is AED 120,000 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 27,700 a year.

Sales and rents for 1509 over time

Sales
Unit 1509, 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, January 2009: AED 599,000 (AED 422 per sqft)Sold, July 2013: AED 1,800,000 (AED 1,270 per sqft)Sold, November 2023: AED 2,050,000 (AED 1,447 per sqft)

1509 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1509, each contractTypical two-bed in Sadaf 1
100K150K2012201620202024Typical 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, February 2012: AED 154,286 a yearNew contract, July 2017: AED 135,000 a yearRenewal, July 2018: AED 120,000 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 1509 sits

All 38 2-beds →

1509 last sold in November 2023 at AED 1,447 per sqft, 3% above what two-beds in Sadaf 1 were fetching at the time (AED 1,399). 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. 1509's AED 120,000 is in the lower half 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 15th floor

All 121 units in Sadaf 1
Value
15063-bedAED 2.65M · Sep 2024
15073-bedAED 1.3M · Jul 2020
15082-bedAED 2.25M · Nov 2024

1509, Sadaf 1 in numbers

  • Sold 3 times: first on 14 January 2009 for AED 599,000, last on 30 November 2023 for AED 2,050,000 (AED 1,447 per sqft).
  • Rented since February 2012 on 3 Ejari contracts, from AED 154,286 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2023 price is 5.9%, before a service charge of about AED 27,700 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 30 November 2023.

Questions about 1509, Sadaf 1

What did unit 1509 last sell for?

AED 2,050,000 on 30 November 2023: AED 1,447 per sqft for 1,417 sqft. The unit has 3 registered sales; the first was AED 599,000 in January 2009.

What is the rent for unit 1509?

AED 120,000 a year on the contract renewed on 21 July 2018. The previous contract, from July 2017, was AED 135,000; the unit has been rented since February 2012.

How big is unit 1509?

1,417 sqft (131.6 sqm): a two-bedroom apartment on the 15th floor of a 39-storey tower completed in 2007.

What is unit 1509 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 1509, Sadaf 1

Starts from the last sale price (AED 2.05M, 30 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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