2-bed · 1,448 sqftSadaf 5, Jumeirah Beach Residence · 24th floor · completed 2007

2406, Sadaf 5

Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2406 · DLD and Ejari recordsUpdated 17 August 2023
Last soldAED 2.35M17 August 2023
Current rentAED 100K /yr18 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2406, Sadaf 5

What is 2406 worth today?

Last sold for AED 2,350,000 in 2023

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17 Aug 2023SoldReady
AED 2,350,000AED 1,623 per sqft
18 Aug 2021RentedRenewal
AED 100,000/yr12 months · AED 69 per sqft
18 Aug 2020RentedRenewal
AED 100,000/yr12 months · AED 69 per sqft
18 Aug 2019RentedNew contract
AED 100,000/yr12 months · AED 69 per sqft
8 Aug 2018RentedNew contract
AED 130,000/yr12 months · AED 90 per sqft
8 Aug 2017RentedRenewal
AED 130,000/yr12 months · AED 89 per sqft
8 Aug 2016RentedNew contract
AED 130,000/yr12 months · AED 89 per sqft
27 Jun 2015RentedNew contract
AED 180,000/yr12 months · AED 124 per sqft

Source: Dubai Land Department. Updated 17 August 2023.

Key facts

Type
2-bed apartment
Size
1,448 sqft
Floor
24th of 38
Parking
B318
Developer
Dubai Properties
Completed
2007
Service charge
AED 25,900 /yr
Last sold
AED 2.35M · August 2023
Building
Sadaf 5

About 2406, Sadaf 5

2406 is a two-bedroom apartment of 1,448 sqft on the 24th floor of Sadaf 5, a 38-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 17 August 2023 for AED 2,350,000, or AED 1,623 per sqft, 7% above the AED 1,519 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 18 August 2021, is AED 100,000 a year: a gross yield of 4.3% on the 2023 price, before the service charge of about AED 25,900 a year.

Sales and rents for 2406 over time

Sales
Unit 2406, each saleTypical two-bed in Sadaf 5
1M2M3M2007201220172022Typical sale price by year: 2007 AED 599,000; 2008 AED 599,000; 2009 AED 599,000; 2010 AED 1,579,120; 2012 AED 1,150,000; 2017 AED 1,850,000; 2022 AED 1,900,000; 2025 AED 2,667,500Sold by developer, November 2008: AED 599,000 (AED 413 per sqft)Sold, August 2023: AED 2,350,000 (AED 1,623 per sqft)

2406 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2406, each contractTypical two-bed in Sadaf 5
100K150K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 145,000; 2014 AED 155,000; 2015 AED 165,000; 2016 AED 143,000; 2017 AED 132,500; 2018 AED 125,000; 2019 AED 110,000; 2020 AED 100,000; 2021 AED 100,000; 2022 AED 120,000; 2023 AED 130,000; 2024 AED 130,000; 2025 AED 120,000; 2026 AED 130,000New contract, June 2013: AED 170,000 a yearNew contract, June 2015: AED 180,000 a yearNew contract, August 2016: AED 130,000 a yearRenewal, August 2017: AED 130,000 a yearNew contract, August 2018: AED 130,000 a yearNew contract, August 2019: AED 100,000 a yearRenewal, August 2020: AED 100,000 a yearRenewal, August 2021: AED 100,000 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 5, and where 2406 sits

All 20 2-beds →

2406 last sold in August 2023 at AED 1,623 per sqft, 7% above what two-beds in Sadaf 5 were fetching at the time (AED 1,519). Over the last 12 months two-beds sold for AED 2,635,000, around AED 1,820 per sqft, and rent for AED 85,000 to 240,000 a year. 2406's AED 100,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Nov 20252,635,000
30 Jun 20252,700,000
11 Apr 20252,850,000
10 Apr 20252,000,000
1 2-bed sale in the last 12 months

Sadaf 5

Building

126 apartments, 2-bed to 4-bed over 38 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 6 sold in the last 12 months.

Typical price per sqft
AED 1,496
Typical sale
AED 2.57M
Typical rent
AED 160K /yr
Typical yield
5.7%
Sadaf 5, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 24th floor

All 126 units in Sadaf 5
Value
24052-bedAED 2.9M · May 2015
24073-bedAED 1.71M · Jun 2010
24083-bedAED 1.8M · Sep 2022

2406, Sadaf 5 in numbers

  • Sold twice: first on 11 November 2008 for AED 599,000, last on 17 August 2023 for AED 2,350,000 (AED 1,623 per sqft).
  • Rented since June 2013 on 8 Ejari contracts, from AED 170,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2023 price is 4.3%, before a service charge of about AED 25,900 a year (AED 17.91 per sqft).
  • Two-beds in Sadaf 5 sold for AED 2,635,000–2,635,000 in the 12 months to November 2026; the building's median across all types is AED 1,496 per sqft.

Source: Dubai Land Department. Updated 17 August 2023.

Questions about 2406, Sadaf 5

What did unit 2406 last sell for?

AED 2,350,000 on 17 August 2023: AED 1,623 per sqft for 1,448 sqft. The unit has 2 registered sales; the first was AED 599,000 in November 2008.

What is the rent for unit 2406?

AED 100,000 a year on the contract renewed on 18 August 2021. The previous contract, from August 2020, was AED 100,000; the unit has been rented since June 2013.

How big is unit 2406?

1,448 sqft (134.5 sqm): a two-bedroom apartment on the 24th floor of a 38-storey tower completed in 2007.

What is unit 2406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Sadaf 5 sold for AED 2,635,000 to 2,635,000 in the last 12 months, around AED 1,820 per sqft.

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Mortgage on 2406, Sadaf 5

Starts from the last sale price (AED 2.35M, 17 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

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