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3-bed · 1,883 sqftSadaf 1, Jumeirah Beach Residence · 3rd floor · completed 2007

306, Sadaf 1

Sold prices and rental history: sold twice, last in July 2009, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 15 March 2024
Last soldAED 875K1 July 2009
Current rentAED 165K /yr15 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 306, Sadaf 1

What is 306 worth today?

Last sold for AED 875,000 in 2009

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15 Mar 2024RentedRenewal
AED 165,000/yr12 months · AED 88 per sqft
15 Mar 2023RentedNew contract
AED 165,000/yr12 months · AED 88 per sqft
1 Mar 2022RentedRenewal
AED 100,000/yr12 months · AED 53 per sqft
1 Mar 2021RentedNew contract
AED 85,000/yr12 months · AED 45 per sqft
1 Jul 2009SoldReady
AED 875,000AED 464 per sqft
25 Jun 2008Sold by developerReady
AED 699,000AED 371 per sqft

Source: Dubai Land Department. Updated 15 March 2024.

Key facts

Type
3-bed apartment
Size
1,883 sqft
Floor
3rd of 39
Parking
G342/ G342A
Developer
Dubai Properties
Completed
2007
Service charge
AED 36,800 /yr
Last sold
AED 875K · July 2009
Building
Sadaf 1

About 306, Sadaf 1

306 is a three-bedroom apartment of 1,883 sqft on the 3rd floor of Sadaf 1, a 39-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 1 July 2009 for AED 875,000, or AED 464 per sqft, in line with the AED 464 three-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 15 March 2024, is AED 165,000 a year: a gross yield of 18.9% on the 2009 price, before the service charge of about AED 36,800 a year.

Sales and rents for 306 over time

Sales
Unit 306, each saleTypical three-bed in Sadaf 1
1M2M3M20072012201720222027Typical sale price by year: 2007 AED 699,000; 2008 AED 699,000; 2009 AED 866,422; 2011 AED 1,547,900; 2012 AED 699,000; 2013 AED 2,150,000; 2014 AED 2,700,000; 2015 AED 2,350,000; 2016 AED 2,275,000; 2017 AED 2,100,000; 2019 AED 1,640,000; 2020 AED 1,220,000; 2021 AED 1,500,000; 2022 AED 1,800,000; 2023 AED 2,250,000; 2024 AED 2,650,000; 2025 AED 2,825,000; 2026 AED 2,650,000Sold by developer, June 2008: AED 699,000 (AED 371 per sqft)Sold, July 2009: AED 875,000 (AED 464 per sqft)

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

Rents
Unit 306, each contractTypical three-bed in Sadaf 1
100K150K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 140,000; 2014 AED 160,000; 2015 AED 163,900; 2016 AED 165,000; 2017 AED 155,000; 2018 AED 145,000; 2019 AED 120,000; 2020 AED 107,500; 2021 AED 100,000; 2022 AED 118,050; 2023 AED 144,000; 2024 AED 165,000; 2025 AED 175,000; 2026 AED 172,500New contract, March 2021: AED 85,000 a yearRenewal, March 2022: AED 100,000 a yearNew contract, March 2023: AED 165,000 a yearRenewal, March 2024: AED 165,000 a year

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

3-beds in Sadaf 1, and where 306 sits

All 54 3-beds →

306 last sold in July 2009 at AED 464 per sqft, in line with what three-beds in Sadaf 1 were fetching at the time (AED 464). Over the last 12 months three-beds sold for AED 2,572,110 to 2,950,000, around AED 1,385 per sqft, and rent for AED 130,000 to 200,000 a year. 306's AED 165,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
21 Aug 20262,950,000
24 Feb 20262,650,000
3 Feb 20262,572,110
17 Apr 20252,800,000
3 3-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 3rd floor

All 121 units in Sadaf 1
Value
3073-bedAED 2.35M · Sep 2023
3082-bedAED 1.55M · Sep 2018
3092-bedAED 1.48M · Jan 2008

306, Sadaf 1 in numbers

  • Sold twice: first on 25 June 2008 for AED 699,000, last on 1 July 2009 for AED 875,000 (AED 464 per sqft).
  • Rented since March 2021 on 4 Ejari contracts, from AED 85,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2009 price is 18.9%, before a service charge of about AED 36,800 a year (AED 19.53 per sqft).
  • Three-beds in Sadaf 1 sold for AED 2,572,110–2,950,000 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 15 March 2024.

Questions about 306, Sadaf 1

What did unit 306 last sell for?

AED 875,000 on 1 July 2009: AED 464 per sqft for 1,883 sqft. The unit has 2 registered sales; the first was AED 699,000 in June 2008.

What is the rent for unit 306?

AED 165,000 a year on the contract renewed on 15 March 2024. The previous contract, from March 2023, was AED 165,000; the unit has been rented since March 2021.

How big is unit 306?

1,883 sqft (174.9 sqm): a three-bedroom apartment on the 3rd floor of a 39-storey tower completed in 2007.

What is unit 306 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Sadaf 1 sold for AED 2,572,110 to 2,950,000 in the last 12 months, around AED 1,385 per sqft.

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Mortgage on 306, Sadaf 1

Starts from the last sale price (AED 875K, 1 July 2009). Switch to today's estimate once you have unlocked it.
Price
AED 875,000
Deposit, UAE resident (20%)
AED 175,000
Deposit, non-resident (40%)
AED 350,000
Monthly over 25 years at 3.7%
AED 3,580

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