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2-bed · 1,389 sqftSadaf 1, Jumeirah Beach Residence · 7th floor · completed 2007

708, Sadaf 1

Sold prices and rental history: sold twice, last in April 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 708 · DLD and Ejari recordsUpdated 15 September 2024
Last soldAED 1.55M1 April 2022
Current rentAED 120K /yr15 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 708, Sadaf 1

What is 708 worth today?

Last sold for AED 1,550,000 in 2022

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15 Sep 2024RentedRenewal
AED 120,000/yr12 months · AED 86 per sqft
15 Sep 2023RentedRenewal
AED 110,000/yr12 months · AED 79 per sqft
15 Sep 2022RentedNew contract
AED 110,000/yr12 months · AED 79 per sqft
1 Apr 2022SoldReady
AED 1,550,000AED 1,116 per sqft
20 Apr 2008Sold by developerReady
AED 275,000AED 198 per sqft

Source: Dubai Land Department. Updated 15 September 2024.

Key facts

Type
2-bed apartment
Size
1,389 sqft
Floor
7th of 39
Parking
B356
Developer
Dubai Properties
Completed
2007
Service charge
AED 27,100 /yr
Last sold
AED 1.55M · April 2022
Building
Sadaf 1

About 708, Sadaf 1

708 is a two-bedroom apartment of 1,389 sqft on the 7th floor of Sadaf 1, a 39-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 1 April 2022 for AED 1,550,000, or AED 1,116 per sqft, in line with the AED 1,107 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 15 September 2024, is AED 120,000 a year: a gross yield of 7.7% on the 2022 price, before the service charge of about AED 27,100 a year.

Sales and rents for 708 over time

Sales
Unit 708, each saleTypical two-bed in Sadaf 1
01M2M20072012201720222027Typical 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, April 2008: AED 275,000 (AED 198 per sqft)Sold, April 2022: AED 1,550,000 (AED 1,116 per sqft)

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

Rents
Unit 708, each contractTypical two-bed in Sadaf 1
75K100K125K2012201620202024Typical 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, September 2022: AED 110,000 a yearRenewal, September 2023: AED 110,000 a yearRenewal, September 2024: 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 708 sits

All 38 2-beds →

708 last sold in April 2022 at AED 1,116 per sqft, in line with what two-beds in Sadaf 1 were fetching at the time (AED 1,107). 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. 708'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 7th floor

All 121 units in Sadaf 1
Value
7063-bedAED 2.25M · Dec 2012
7073-bedAED 699K · Dec 2008
7092-bedAED 550K · May 2008

708, Sadaf 1 in numbers

  • Sold twice: first on 20 April 2008 for AED 275,000, last on 1 April 2022 for AED 1,550,000 (AED 1,116 per sqft).
  • Rented since September 2022 on 3 Ejari contracts, from AED 110,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2022 price is 7.7%, 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 15 September 2024.

Questions about 708, Sadaf 1

What did unit 708 last sell for?

AED 1,550,000 on 1 April 2022: AED 1,116 per sqft for 1,389 sqft. The unit has 2 registered sales; the first was AED 275,000 in April 2008.

What is the rent for unit 708?

AED 120,000 a year on the contract renewed on 15 September 2024. The previous contract, from September 2023, was AED 110,000; the unit has been rented since September 2022.

How big is unit 708?

1,389 sqft (129.0 sqm): a two-bedroom apartment on the 7th floor of a 39-storey tower completed in 2007.

What is unit 708 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 708, Sadaf 1

Starts from the last sale price (AED 1.55M, 1 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

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