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3-bed · 1,897 sqftSadaf 1, Jumeirah Beach Residence · 5th floor · completed 2007

507, Sadaf 1

Sold prices and rental history: sold 4 times, last in April 2021, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 20 April 2021
Last soldAED 1.69M20 April 2021
Current rentAED 105K /yr10 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 507, Sadaf 1

What is 507 worth today?

Last sold for AED 1,690,000 in 2021

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20 Apr 2021SoldReady
AED 1,690,000AED 891 per sqft
10 Mar 2020RentedNew contract
AED 105,000/yr12 months · AED 55 per sqft
1 Jan 2019RentedRenewal
AED 136,800/yr12 months · AED 72 per sqft
26 Apr 2018RentedNew contract
AED 147,460/yr8 months · AED 78 per sqft
17 Oct 2017RentedNew contract
AED 155,000/yr6 months · AED 82 per sqft
12 Oct 2017SoldReady
AED 961,144AED 506 per sqft
1 Apr 2017RentedNew contract
AED 153,000/yr12 months · AED 81 per sqft
1 Apr 2016RentedNew contract
AED 153,000/yr12 months · AED 81 per sqft

Source: Dubai Land Department. Updated 20 April 2021.

Key facts

Type
3-bed apartment
Size
1,897 sqft
Floor
5th of 39
Parking
B446/ B447
Developer
Dubai Properties
Completed
2007
Service charge
AED 37,000 /yr
Last sold
AED 1.69M · April 2021
Building
Sadaf 1

About 507, Sadaf 1

507 is a three-bedroom apartment of 1,897 sqft on the 5th floor of Sadaf 1, a 39-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 20 April 2021 for AED 1,690,000, or AED 891 per sqft, 26% above the AED 709 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 10 March 2020, is AED 105,000 a year: a gross yield of 6.2% on the 2021 price, before the service charge of about AED 37,000 a year.

Sales and rents for 507 over time

Sales
Unit 507, 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, October 2007: AED 699,000 (AED 368 per sqft)Sold, April 2008: AED 2,575,000 (AED 1,357 per sqft)Sold, October 2017: AED 961,144 (AED 506 per sqft)Sold, April 2021: AED 1,690,000 (AED 891 per sqft)

507 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 507, 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, April 2012: AED 120,000 a yearNew contract, April 2013: AED 130,000 a yearNew contract, April 2016: AED 153,000 a yearNew contract, April 2017: AED 153,000 a yearNew contract, October 2017: AED 155,000 a yearNew contract, April 2018: AED 147,460 a yearRenewal, January 2019: AED 136,800 a yearNew contract, March 2020: AED 105,000 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 507 sits

All 54 3-beds →

507 last sold in April 2021 at AED 891 per sqft, 26% above what three-beds in Sadaf 1 were fetching at the time (AED 709). 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. 507's AED 105,000 is at the bottom 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 5th floor

All 121 units in Sadaf 1
Value
5063-bedAED 1.8M · Jul 2022
5082-bedAED 550K · Oct 2007
5092-bedAED 275K · Mar 2008

507, Sadaf 1 in numbers

  • Sold 4 times: first on 23 October 2007 for AED 699,000, last on 20 April 2021 for AED 1,690,000 (AED 891 per sqft).
  • Rented since April 2012 on 8 Ejari contracts, from AED 120,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2021 price is 6.2%, before a service charge of about AED 37,000 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 20 April 2021.

Questions about 507, Sadaf 1

What did unit 507 last sell for?

AED 1,690,000 on 20 April 2021: AED 891 per sqft for 1,897 sqft. The unit has 4 registered sales; the first was AED 699,000 in October 2007.

What is the rent for unit 507?

AED 105,000 a year on the contract signed on 10 March 2020. The previous contract, from January 2019, was AED 136,800; the unit has been rented since April 2012.

How big is unit 507?

1,897 sqft (176.2 sqm): a three-bedroom apartment on the 5th floor of a 39-storey tower completed in 2007.

What is unit 507 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 507, Sadaf 1

Starts from the last sale price (AED 1.69M, 20 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,690,000
Deposit, UAE resident (20%)
AED 338,000
Deposit, non-resident (40%)
AED 676,000
Monthly over 25 years at 3.7%
AED 6,914

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