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3-bed · 1,987 sqftSadaf 5, Jumeirah Beach Residence · 24th floor · completed 2007

2408, Sadaf 5

Sold prices and rental history: sold twice, last in September 2022, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2408 · DLD and Ejari recordsUpdated 2 July 2023
Last soldAED 1.8M19 September 2022
Current rentAED 121K /yr2 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2408, Sadaf 5

What is 2408 worth today?

Last sold for AED 1,800,000 in 2022

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2 Jul 2023RentedRenewal
AED 121,467/yr3 months · AED 61 per sqft
19 Sep 2022SoldReady
AED 1,800,000AED 905 per sqft
2 Jul 2022RentedRenewal
AED 109,250/yr12 months · AED 55 per sqft
2 Jul 2021RentedRenewal
AED 95,000/yr12 months · AED 48 per sqft
2 Jul 2019RentedRenewal
AED 122,000/yr12 months · AED 61 per sqft
2 Jul 2018RentedNew contract
AED 128,000/yr12 months · AED 64 per sqft
22 Jul 2017RentedNew contract
AED 130,000/yr12 months · AED 65 per sqft
1 Mar 2016RentedNew contract
AED 150,000/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 2 July 2023.

Key facts

Type
3-bed apartment
Size
1,987 sqft
Floor
24th of 38
Parking
G228/ G229
Developer
Dubai Properties
Completed
2007
Service charge
AED 35,600 /yr
Last sold
AED 1.8M · September 2022
Building
Sadaf 5

About 2408, Sadaf 5

2408 is a three-bedroom apartment of 1,987 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 19 September 2022 for AED 1,800,000, or AED 905 per sqft, 9% below the AED 998 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 2 July 2023, is AED 121,467 a year: a gross yield of 6.8% on the 2022 price, before the service charge of about AED 35,600 a year.

Sales and rents for 2408 over time

Sales
Unit 2408, each saleTypical three-bed in Sadaf 5
02M20072012201720222027Typical sale price by year: 2007 AED 699,000; 2008 AED 699,000; 2009 AED 1,124,500; 2010 AED 1,708,500; 2011 AED 1,500,000; 2012 AED 1,700,000; 2013 AED 2,050,000; 2014 AED 2,650,000; 2015 AED 1,275,000; 2016 AED 2,100,000; 2018 AED 2,000,000; 2020 AED 1,250,000; 2021 AED 1,430,000; 2022 AED 1,800,000; 2023 AED 2,250,000; 2024 AED 2,300,000; 2025 AED 2,715,000; 2026 AED 2,500,000Sold by developer, August 2010: AED 349,500 (AED 175 per sqft)Sold, September 2022: AED 1,800,000 (AED 905 per sqft)

2408 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2408, each contractTypical three-bed in Sadaf 5
100K150K2012201620202024Typical rent by year: 2012 AED 137,500; 2013 AED 140,000; 2014 AED 160,000; 2015 AED 165,000; 2016 AED 160,000; 2017 AED 150,000; 2018 AED 135,000; 2019 AED 125,000; 2020 AED 100,000; 2021 AED 95,000; 2022 AED 120,000; 2023 AED 145,000; 2024 AED 170,380; 2025 AED 180,000; 2026 AED 150,000New contract, March 2016: AED 150,000 a yearNew contract, July 2017: AED 130,000 a yearNew contract, July 2018: AED 128,000 a yearRenewal, July 2019: AED 122,000 a yearRenewal, July 2021: AED 95,000 a yearRenewal, July 2022: AED 109,250 a yearRenewal, July 2023: AED 121,467 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 5, and where 2408 sits

All 88 3-beds →

2408 last sold in September 2022 at AED 905 per sqft, 9% below what three-beds in Sadaf 5 were fetching at the time (AED 998). Over the last 12 months three-beds sold for AED 2,000,000 to 3,000,000, around AED 1,390 per sqft, and rent for AED 100,000 to 395,000 a year. 2408's AED 121,467 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Jul 20262,500,000
16 Jun 20262,000,000
8 Jun 20263,000,000
14 May 20262,880,000
5 3-bed sales 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
24062-bedAED 2.35M · Aug 2023
24073-bedAED 1.71M · Jun 2010

2408, Sadaf 5 in numbers

  • Sold twice: first on 16 August 2010 for AED 349,500, last on 19 September 2022 for AED 1,800,000 (AED 905 per sqft).
  • Rented since March 2016 on 7 Ejari contracts. The rent fell from AED 150,000 to AED 95,000 in 2021 and recovered to AED 121,467 by July 2023.
  • At AED 121,467 a year the gross yield on the 2022 price is 6.8%, before a service charge of about AED 35,600 a year (AED 17.91 per sqft).
  • Three-beds in Sadaf 5 sold for AED 2,000,000–3,000,000 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 2 July 2023.

Questions about 2408, Sadaf 5

What did unit 2408 last sell for?

AED 1,800,000 on 19 September 2022: AED 905 per sqft for 1,987 sqft. The unit has 2 registered sales; the first was AED 349,500 in August 2010.

What is the rent for unit 2408?

AED 121,467 a year on the contract renewed on 2 July 2023. The previous contract, from July 2022, was AED 109,250; the unit has been rented since March 2016.

How big is unit 2408?

1,987 sqft (184.6 sqm): a three-bedroom apartment on the 24th floor of a 38-storey tower completed in 2007.

What is unit 2408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Sadaf 5 sold for AED 2,000,000 to 3,000,000 in the last 12 months, around AED 1,390 per sqft.

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Mortgage on 2408, Sadaf 5

Starts from the last sale price (AED 1.8M, 19 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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