4-bed · 3,575 sqftSadaf 2, Jumeirah Beach Residence · 5th floor · completed 2007

505, Sadaf 2

Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 24 July 2024
Last soldAED 4.4M24 July 2024
Current rentAED 140K /yr18 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 505, Sadaf 2

What is 505 worth today?

Last sold for AED 4,400,000 in 2024

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24 Jul 2024SoldReady
AED 4,400,000AED 1,230 per sqft
18 Jan 2021RentedNew contract
AED 140,000/yr12 months · AED 39 per sqft
10 Jun 2019RentedNew contract
AED 165,000/yr12 months · AED 46 per sqft
21 Jan 2018RentedRenewal
AED 210,000/yr12 months · AED 59 per sqft
22 Jan 2017RentedRenewal
AED 240,647/yr12 months · AED 67 per sqft
22 Jan 2016RentedRenewal
AED 240,000/yr12 months · AED 67 per sqft
21 Jan 2015RentedNew contract
AED 250,000/yr12 months · AED 70 per sqft
22 Jan 2014RentedNew contract
AED 250,000/yr12 months · AED 70 per sqft

Source: Dubai Land Department. Updated 24 July 2024.

Key facts

Type
4-bed apartment
Size
3,575 sqft
Floor
5th of 39
Parking
M235/ M236
Developer
Dubai Properties
Completed
2007
Service charge
AED 56,100 /yr
Last sold
AED 4.4M · July 2024
Building
Sadaf 2

About 505, Sadaf 2

505 is a four-bedroom apartment of 3,575 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 24 July 2024 for AED 4,400,000, or AED 1,230 per sqft, 4% above the AED 1,186 four-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 18 January 2021, is AED 140,000 a year: a gross yield of 3.2% on the 2024 price, before the service charge of about AED 56,100 a year.

Sales and rents for 505 over time

Sales
Unit 505, 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, March 2008: AED 3,980,000 (AED 1,113 per sqft)Sold, July 2024: AED 4,400,000 (AED 1,230 per sqft)

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

Rents
Unit 505, 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, January 2014: AED 250,000 a yearNew contract, January 2015: AED 250,000 a yearRenewal, January 2016: AED 240,000 a yearRenewal, January 2017: AED 240,647 a yearRenewal, January 2018: AED 210,000 a yearNew contract, June 2019: AED 165,000 a yearNew contract, January 2021: AED 140,000 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 505 sits

All 42 4-beds →

505 last sold in July 2024 at AED 1,230 per sqft, 4% above what four-beds in Sadaf 2 were fetching at the time (AED 1,186). 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. 505's AED 140,000 is at the bottom 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 5th floor

All 138 units in Sadaf 2
Value
5013-bedAED 699K · Mar 2009
5023-bedAED 2.78M · Jun 2008
5032-bedAED 2.12M · Nov 2023
5042-bedAED 2.05M · Nov 2023

505, Sadaf 2 in numbers

  • Sold twice: first on 4 March 2008 for AED 3,980,000, last on 24 July 2024 for AED 4,400,000 (AED 1,230 per sqft).
  • Rented since January 2014 on 7 Ejari contracts, from AED 250,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2024 price is 3.2%, before a service charge of about AED 56,100 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 24 July 2024.

Questions about 505, Sadaf 2

What did unit 505 last sell for?

AED 4,400,000 on 24 July 2024: AED 1,230 per sqft for 3,575 sqft. The unit has 2 registered sales; the first was AED 3,980,000 in March 2008.

What is the rent for unit 505?

AED 140,000 a year on the contract signed on 18 January 2021. The previous contract, from June 2019, was AED 165,000; the unit has been rented since January 2014.

How big is unit 505?

3,575 sqft (332.1 sqm): a four-bedroom apartment on the 5th floor of a 39-storey tower completed in 2007.

What is unit 505 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 505, Sadaf 2

Starts from the last sale price (AED 4.4M, 24 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,400,000
Deposit, UAE resident (20%)
AED 880,000
Deposit, non-resident (40%)
AED 1,760,000
Monthly over 25 years at 3.7%
AED 18,002

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