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2-bed · 1,400 sqftSadaf 1, Jumeirah Beach Residence · 7th floor · completed 2007

709, Sadaf 1

Sold prices and rental history: sold once, by the developer in May 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 709 · DLD and Ejari recordsUpdated 15 February 2023
Last soldAED 550K4 May 2008
Current rentAED 95K /yr15 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 709, Sadaf 1

What is 709 worth today?

Last sold for AED 550,000 in 2008

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15 Feb 2023RentedRenewal
AED 94,500/yr5 months · AED 68 per sqft
15 Feb 2022RentedRenewal
AED 94,500/yr12 months · AED 68 per sqft
15 Feb 2021RentedNew contract
AED 90,000/yr12 months · AED 64 per sqft
16 Feb 2020RentedRenewal
AED 105,600/yr12 months · AED 75 per sqft
16 Feb 2019RentedRenewal
AED 120,000/yr12 months · AED 86 per sqft
16 Aug 2018RentedRenewal
AED 120,000/yr6 months · AED 86 per sqft
16 Aug 2017RentedNew contract
AED 120,000/yr12 months · AED 86 per sqft
7 Aug 2016RentedNew contract
AED 135,000/yr12 months · AED 96 per sqft

Source: Dubai Land Department. Updated 15 February 2023.

Key facts

Type
2-bed apartment
Size
1,400 sqft
Floor
7th of 39
Parking
B357
Developer
Dubai Properties
Completed
2007
Service charge
AED 27,300 /yr
Last sold
AED 550K · May 2008
Building
Sadaf 1

About 709, Sadaf 1

709 is a two-bedroom apartment of 1,400 sqft on the 7th floor of Sadaf 1, a 39-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 4 May 2008 for AED 550,000, or AED 392 per sqft, in line with the AED 396 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 15 February 2023, is AED 94,500 a year: a gross yield of 17.2% on the 2008 price, before the service charge of about AED 27,300 a year.

Sales and rents for 709 over time

Sales
Unit 709, 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, May 2008: AED 550,000 (AED 392 per sqft)

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

Rents
Unit 709, 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, October 2013: AED 110,656 a yearNew contract, August 2016: AED 135,000 a yearNew contract, August 2017: AED 120,000 a yearRenewal, August 2018: AED 120,000 a yearRenewal, February 2019: AED 120,000 a yearRenewal, February 2020: AED 105,600 a yearNew contract, February 2021: AED 90,000 a yearRenewal, February 2022: AED 94,500 a yearRenewal, February 2023: AED 94,500 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 709 sits

All 38 2-beds →

709 last sold in May 2008 at AED 392 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. 709's AED 94,500 is at the bottom 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
7082-bedAED 1.55M · Apr 2022

709, Sadaf 1 in numbers

  • Sold once: by Dubai Properties on 4 May 2008 for AED 550,000, or AED 392 per sqft.
  • Rented since October 2013 on 9 Ejari contracts, from AED 110,656 to AED 94,500 a year.
  • At AED 94,500 a year the gross yield on the 2008 price is 17.2%, before a service charge of about AED 27,300 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 February 2023.

Questions about 709, Sadaf 1

What did unit 709 last sell for?

AED 550,000 on 4 May 2008, sold by the developer: AED 392 per sqft for 1,400 sqft. It is the only registered sale of the unit.

What is the rent for unit 709?

AED 94,500 a year on the contract renewed on 15 February 2023. The previous contract, from February 2022, was AED 94,500; the unit has been rented since October 2013.

How big is unit 709?

1,400 sqft (130.1 sqm): a two-bedroom apartment on the 7th floor of a 39-storey tower completed in 2007.

What is unit 709 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 709, Sadaf 1

Starts from the last sale price (AED 550K, 4 May 2008). 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 →