2-bed · 1,395 sqftSadaf 2, Jumeirah Beach Residence · 7th floor · completed 2007

703, Sadaf 2

Sold prices and rental history: sold once, by the developer in February 2012, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 10 November 2024
Last soldAED 550K9 February 2012
Current rentAED 125K /yr10 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, Sadaf 2

What is 703 worth today?

Last sold for AED 550,000 in 2012

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10 Nov 2024RentedNew contract
AED 125,000/yr12 months · AED 90 per sqft
1 Aug 2023RentedRenewal
AED 105,000/yr12 months · AED 75 per sqft
1 Aug 2022RentedNew contract
AED 100,000/yr12 months · AED 72 per sqft
9 Dec 2021RentedRenewal
AED 69,600/yr12 months · AED 50 per sqft
9 Dec 2020RentedRenewal
AED 58,000/yr12 months · AED 42 per sqft
9 Dec 2019RentedRenewal
AED 80,000/yr12 months · AED 57 per sqft
9 Dec 2018RentedNew contract
AED 90,000/yr12 months · AED 65 per sqft
4 Nov 2017RentedNew contract
AED 112,000/yr12 months · AED 80 per sqft

Source: Dubai Land Department. Updated 10 November 2024.

Key facts

Type
2-bed apartment
Size
1,395 sqft
Floor
7th of 39
Parking
B670
Developer
Dubai Properties
Completed
2007
Service charge
AED 21,900 /yr
Last sold
AED 550K · February 2012
Building
Sadaf 2

About 703, Sadaf 2

703 is a two-bedroom apartment of 1,395 sqft on the 7th floor of Sadaf 2, a 39-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 9 February 2012 for AED 550,000, or AED 394 per sqft, 60% below the AED 993 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 12 Ejari contracts. The current contract, signed on 10 November 2024, is AED 125,000 a year: a gross yield of 22.7% on the 2012 price, before the service charge of about AED 21,900 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical two-bed in Sadaf 2
1M2M2007201220172022Typical sale price by year: 2007 AED 617,000; 2008 AED 720,000; 2009 AED 574,500; 2010 AED 720,000; 2011 AED 1,500,000; 2013 AED 1,744,000; 2014 AED 2,220,000; 2015 AED 1,212,000; 2016 AED 1,750,000; 2018 AED 1,580,000; 2021 AED 1,390,000; 2023 AED 1,750,000; 2024 AED 2,051,024Sold by developer, February 2012: AED 550,000 (AED 394 per sqft)

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

Rents
Unit 703, each contractTypical two-bed in Sadaf 2
50K100K2012201620202024Typical rent by year: 2012 AED 105,000; 2013 AED 110,000; 2014 AED 121,000; 2015 AED 130,000; 2016 AED 130,000; 2017 AED 120,000; 2018 AED 111,000; 2019 AED 95,000; 2020 AED 75,000; 2021 AED 75,000; 2022 AED 93,000; 2023 AED 120,000; 2024 AED 126,000; 2025 AED 128,153; 2026 AED 108,500New contract, August 2012: AED 80,000 a yearNew contract, August 2013: AED 88,000 a yearNew contract, December 2015: AED 130,000 a yearNew contract, October 2016: AED 118,000 a yearNew contract, November 2017: AED 112,000 a yearNew contract, December 2018: AED 90,000 a yearRenewal, December 2019: AED 80,000 a yearRenewal, December 2020: AED 58,000 a yearRenewal, December 2021: AED 69,600 a yearNew contract, August 2022: AED 100,000 a yearRenewal, August 2023: AED 105,000 a yearNew contract, November 2024: AED 125,000 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 2, and where 703 sits

All 41 2-beds →

703 last sold in February 2012 at AED 394 per sqft, 60% below what two-beds in Sadaf 2 were fetching at the time (AED 993). Over the last 12 months two-beds sold for AED 1,672,410 to 2,200,000, around AED 1,223 per sqft, and rent for AED 85,000 to 150,000 a year. 703's AED 125,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Jun 20261,672,410
20 May 20262,200,000
24 Nov 20251,713,543
9 May 20252,250,000
3 2-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 7th floor

All 138 units in Sadaf 2
Value
7013-bedAED 1.95M · Jan 2018
7023-bedAED 2.25M · Nov 2022
7042-bedAED 1.6M · Apr 2023
7054-bedAED 5.43M · Jan 2009

703, Sadaf 2 in numbers

  • Sold once: by Dubai Properties on 9 February 2012 for AED 550,000, or AED 394 per sqft.
  • Rented since August 2012 on 12 Ejari contracts. The rent fell from AED 80,000 to AED 58,000 in 2020 and recovered to AED 125,000 by November 2024.
  • At AED 125,000 a year the gross yield on the 2012 price is 22.7%, before a service charge of about AED 21,900 a year (AED 15.70 per sqft).
  • Two-beds in Sadaf 2 sold for AED 1,672,410–2,200,000 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 November 2024.

Questions about 703, Sadaf 2

What did unit 703 last sell for?

AED 550,000 on 9 February 2012, sold by the developer: AED 394 per sqft for 1,395 sqft. It is the only registered sale of the unit.

What is the rent for unit 703?

AED 125,000 a year on the contract signed on 10 November 2024. The previous contract, from August 2023, was AED 105,000; the unit has been rented since August 2012.

How big is unit 703?

1,395 sqft (129.6 sqm): a two-bedroom apartment on the 7th floor of a 39-storey tower completed in 2007.

What is unit 703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Sadaf 2 sold for AED 1,672,410 to 2,200,000 in the last 12 months, around AED 1,223 per sqft.

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Mortgage on 703, Sadaf 2

Starts from the last sale price (AED 550K, 9 February 2012). 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 →