508, Sadaf 1
Sold prices and rental history: sold once, by the developer in October 2007, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Sadaf 1
What is 508 worth today?
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Source: Dubai Land Department. Updated 23 March 2017.
Key facts
- Type
- 2-bed apartment
- Size
- 1,389 sqft
- Floor
- 5th of 39
- Parking
- G335
- Developer
- Dubai Properties
- Completed
- 2007
- Service charge
- AED 27,100 /yr
- Last sold
- AED 550K · October 2007
- Building
- Sadaf 1
About 508, Sadaf 1
508 is a two-bedroom apartment of 1,389 sqft on the 5th floor of Sadaf 1, a 39-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 28 October 2007 for AED 550,000, or AED 396 per sqft, in line with the AED 396 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, signed on 23 March 2017, is AED 130,000 a year: a gross yield of 23.6% on the 2007 price, before the service charge of about AED 27,100 a year.
Sales and rents for 508 over time
508 has sold once; the dashed line is the two-bed median of each year in the building.
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 508 sits
All 38 2-beds →508 last sold in October 2007 at AED 396 per sqft, in line with what two-beds in Sadaf 1 were fetching at the time (AED 396). 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. 508's AED 130,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Oct 202619 October 2026 | 1,402 sqft | 2,000,000 | 1,426 | ||
| 1 Oct 20261 October 2026 | 1,402 sqft | 2,175,000 | 1,551 | ||
| 3 Apr 20263 April 2026 | 1,395 sqft | 2,650,000 | 1,899 | ||
| 29 Oct 202529 October 2025 | 1,402 sqft | 2,725,000 | 1,943 |
Sadaf 1
Building121 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%
Other units on the 5th floor
All 121 units in Sadaf 1508, Sadaf 1 in numbers
- Sold once: by Dubai Properties on 28 October 2007 for AED 550,000, or AED 396 per sqft.
- Rented since July 2012 on 5 Ejari contracts, from AED 110,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2007 price is 23.6%, before a service charge of about AED 27,100 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 23 March 2017.
Questions about 508, Sadaf 1
What did unit 508 last sell for?
AED 550,000 on 28 October 2007, sold by the developer: AED 396 per sqft for 1,389 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 130,000 a year on the contract signed on 23 March 2017. The previous contract, from February 2016, was AED 135,000; the unit has been rented since July 2012.
How big is unit 508?
1,389 sqft (129.0 sqm): a two-bedroom apartment on the 5th floor of a 39-storey tower completed in 2007.
What is unit 508 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 508, Sadaf 1
Starts from the last sale price (AED 550K, 28 October 2007). Switch to today's estimate once you have unlocked it.- Price
- AED 550,000
- Deposit, UAE resident (20%)
- AED 110,000
- Deposit, non-resident (40%)
- AED 220,000
- Monthly over 25 years at 3.7%
- AED 2,250
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →