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3-bed · 1,877 sqftSadaf 2, Jumeirah Beach Residence · 5th floor · completed 2007

502, Sadaf 2

Sold prices and rental history: sold twice, last in June 2008, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 14 June 2014
Last soldAED 2.78M30 June 2008
Current rentAED 180K /yr14 June 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, Sadaf 2

What is 502 worth today?

Last sold for AED 2,781,000 in 2008

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14 Jun 2014RentedNew contract
AED 180,000/yr4 months · AED 96 per sqft
1 Sep 2012RentedNew contract
AED 130,000/yr12 months · AED 69 per sqft
30 Jun 2008SoldReady
AED 2,781,000AED 1,481 per sqft
28 Apr 2008Sold by developerReady
AED 349,500AED 186 per sqft

Source: Dubai Land Department. Updated 14 June 2014.

Key facts

Type
3-bed apartment
Size
1,877 sqft
Floor
5th of 39
Parking
B440
Developer
Dubai Properties
Completed
2007
Service charge
AED 29,500 /yr
Last sold
AED 2.78M · June 2008
Building
Sadaf 2

About 502, Sadaf 2

502 is a three-bedroom apartment of 1,877 sqft on the 5th floor of Sadaf 2, a 39-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 30 June 2008 for AED 2,781,000, or AED 1,481 per sqft, 298% above the AED 372 three-beds in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 14 June 2014, is AED 180,000 a year: a gross yield of 6.5% on the 2008 price, before the service charge of about AED 29,500 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical three-bed in Sadaf 2
02M2007201220172022Typical sale price by year: 2007 AED 699,000; 2008 AED 699,000; 2009 AED 1,650,000; 2010 AED 699,000; 2012 AED 850,000; 2013 AED 699,000; 2014 AED 2,500,000; 2017 AED 2,225,000; 2020 AED 1,162,808; 2022 AED 1,960,000; 2023 AED 2,020,000; 2024 AED 2,457,500; 2025 AED 2,700,000Sold by developer, April 2008: AED 349,500 (AED 186 per sqft)Sold, June 2008: AED 2,781,000 (AED 1,481 per sqft)

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

Rents
Unit 502, each contractTypical three-bed in Sadaf 2
100K150K2012201620202024Typical rent by year: 2012 AED 132,500; 2013 AED 135,000; 2014 AED 163,750; 2015 AED 170,000; 2016 AED 165,000; 2017 AED 160,000; 2018 AED 145,000; 2019 AED 120,000; 2020 AED 100,001; 2021 AED 100,000; 2022 AED 130,000; 2023 AED 150,000; 2024 AED 172,500; 2025 AED 180,000; 2026 AED 175,000New contract, September 2012: AED 130,000 a yearNew contract, June 2014: AED 180,000 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 2, and where 502 sits

All 54 3-beds →

502 last sold in June 2008 at AED 1,481 per sqft, 298% above what three-beds in Sadaf 2 were fetching at the time (AED 372). Over the last 12 months three-beds sold for AED 2,500,000 to 2,700,000, around AED 1,373 per sqft, and rent for AED 50,000 to 400,000 a year. 502's AED 180,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
19 Jun 20262,500,000
10 Nov 20252,700,000
19 Sep 20253,200,000
15 Apr 20252,570,000
2 3-bed sales 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 5th floor

All 138 units in Sadaf 2
Value
5013-bedAED 699K · Mar 2009
5032-bedAED 2.12M · Nov 2023
5042-bedAED 2.05M · Nov 2023
5054-bedAED 4.4M · Jul 2024

502, Sadaf 2 in numbers

  • Sold twice: first on 28 April 2008 for AED 349,500, last on 30 June 2008 for AED 2,781,000 (AED 1,481 per sqft).
  • Rented since September 2012 on 2 Ejari contracts, from AED 130,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2008 price is 6.5%, before a service charge of about AED 29,500 a year (AED 15.70 per sqft).
  • Three-beds in Sadaf 2 sold for AED 2,500,000–2,700,000 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 14 June 2014.

Questions about 502, Sadaf 2

What did unit 502 last sell for?

AED 2,781,000 on 30 June 2008: AED 1,481 per sqft for 1,877 sqft. The unit has 2 registered sales; the first was AED 349,500 in April 2008.

What is the rent for unit 502?

AED 180,000 a year on the contract signed on 14 June 2014. The previous contract, from September 2012, was AED 130,000.

How big is unit 502?

1,877 sqft (174.4 sqm): a three-bedroom apartment on the 5th floor of a 39-storey tower completed in 2007.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Sadaf 2 sold for AED 2,500,000 to 2,700,000 in the last 12 months, around AED 1,373 per sqft.

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Mortgage on 502, Sadaf 2

Starts from the last sale price (AED 2.78M, 30 June 2008). Switch to today's estimate once you have unlocked it.
Price
AED 2,781,000
Deposit, UAE resident (20%)
AED 556,200
Deposit, non-resident (40%)
AED 1,112,400
Monthly over 25 years at 3.7%
AED 11,378

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