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4-bed · 2,764 sqftSadaf 2, Jumeirah Beach Residence · 22nd floor · completed 2007

2203, Sadaf 2

Sold prices and rental history: sold twice, last in September 2015, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2203 · DLD and Ejari recordsUpdated 10 October 2016
Last soldAED 1.25M28 September 2015
Current rentAED 250K /yr10 October 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2203, Sadaf 2

What is 2203 worth today?

Last sold for AED 1,250,000 in 2015

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10 Oct 2016RentedRenewal
AED 250,000/yr12 months · AED 90 per sqft
10 Oct 2015RentedNew contract
AED 250,000/yr12 months · AED 90 per sqft
28 Sep 2015SoldReady
AED 1,250,000AED 452 per sqft
2 Jun 2015Sold by developerReady
AED 949,000AED 343 per sqft

Source: Dubai Land Department. Updated 10 October 2016.

Key facts

Type
4-bed apartment
Size
2,764 sqft
Floor
22nd of 39
Parking
M249/ M250
Developer
Dubai Properties
Completed
2007
Service charge
AED 43,400 /yr
Last sold
AED 1.25M · September 2015
Building
Sadaf 2

About 2203, Sadaf 2

2203 is a four-bedroom apartment of 2,764 sqft on the 22nd floor of Sadaf 2, a 39-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 28 September 2015 for AED 1,250,000, or AED 452 per sqft, 60% below the AED 1,130 four-beds in the building were fetching at the time.

It has been rented since 2015 on 2 Ejari contracts. The current contract, renewed on 10 October 2016, is AED 250,000 a year: a gross yield of 20.0% on the 2015 price, before the service charge of about AED 43,400 a year.

Sales and rents for 2203 over time

Sales
Unit 2203, each saleTypical four-bed in Sadaf 2
2M4M2007201220172022Typical sale price by year: 2007 AED 949,000; 2008 AED 2,225,000; 2009 AED 1,970,700; 2010 AED 2,650,000; 2012 AED 2,175,000; 2013 AED 3,000,000; 2015 AED 3,200,000; 2021 AED 2,525,000; 2022 AED 2,940,000; 2023 AED 3,112,500; 2024 AED 4,400,000Sold by developer, June 2015: AED 949,000 (AED 343 per sqft)Sold, September 2015: AED 1,250,000 (AED 452 per sqft)

2203 has sold twice; the dashed line is the four-bed median of each year in the building.

Rents
Unit 2203, each contractTypical four-bed in Sadaf 2
200K300K2012201620202024Typical rent by year: 2012 AED 200,000; 2013 AED 200,000; 2014 AED 225,000; 2015 AED 234,500; 2016 AED 210,000; 2017 AED 205,000; 2018 AED 184,808; 2019 AED 172,500; 2020 AED 140,000; 2021 AED 172,250; 2022 AED 190,000; 2023 AED 240,000; 2024 AED 246,000; 2025 AED 270,000; 2026 AED 278,500New contract, October 2015: AED 250,000 a yearRenewal, October 2016: AED 250,000 a year

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

4-beds in Sadaf 2, and where 2203 sits

All 42 4-beds →

2203 last sold in September 2015 at AED 452 per sqft, 60% below what four-beds in Sadaf 2 were fetching at the time (AED 1,130). Over the last 12 months four-beds sold for AED 3,600,000, around AED 1,156 per sqft, and rent for AED 220,000 to 383,188 a year. 2203's AED 250,000 is in the lower half of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
1 Oct 20263,600,000
22 Oct 20253,500,000
21 Mar 20253,950,000
28 Nov 20243,550,000
1 4-bed sale in the last 12 months

Sadaf 2

Building

138 apartments, 2-bed to 4-bed over 39 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 6 sold in the last 12 months.

Typical price per sqft
AED 1,273
Typical sale
AED 2.35M
Typical rent
AED 151K /yr
Typical yield
6.8%
Sadaf 2, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 22nd floor

All 138 units in Sadaf 2
Value
22013-bedAED 699K · Apr 2008
22023-bedAED 699K · Mar 2013
22044-bedAED 3.5M · Mar 2009

2203, Sadaf 2 in numbers

  • Sold twice: first on 2 June 2015 for AED 949,000, last on 28 September 2015 for AED 1,250,000 (AED 452 per sqft).
  • Rented since October 2015 on 2 Ejari contracts, at AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2015 price is 20.0%, before a service charge of about AED 43,400 a year (AED 15.70 per sqft).
  • Four-beds in Sadaf 2 sold for AED 3,600,000–3,600,000 in the 12 months to November 2026; the building's median across all types is AED 1,273 per sqft.

Source: Dubai Land Department. Updated 10 October 2016.

Questions about 2203, Sadaf 2

What did unit 2203 last sell for?

AED 1,250,000 on 28 September 2015: AED 452 per sqft for 2,764 sqft. The unit has 2 registered sales; the first was AED 949,000 in June 2015.

What is the rent for unit 2203?

AED 250,000 a year on the contract renewed on 10 October 2016. The previous contract, from October 2015, was AED 250,000.

How big is unit 2203?

2,764 sqft (256.8 sqm): a four-bedroom apartment on the 22nd floor of a 39-storey tower completed in 2007.

What is unit 2203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Sadaf 2 sold for AED 3,600,000 to 3,600,000 in the last 12 months, around AED 1,156 per sqft.

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Mortgage on 2203, Sadaf 2

Starts from the last sale price (AED 1.25M, 28 September 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

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