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2-bed · 1,452 sqftSadaf 6, Jumeirah Beach Residence · 30th floor · completed 2007

3008, Sadaf 6

Sold prices and rental history: sold once, by the developer in May 2008, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3008 · DLD and Ejari recordsUpdated 1 November 2014
Last soldAED 885K12 May 2008
Current rentAED 140K /yr1 November 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3008, Sadaf 6

What is 3008 worth today?

Last sold for AED 885,000 in 2008

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1 Nov 2014RentedNew contract
AED 140,000/yr6 months · AED 96 per sqft
1 May 2014RentedNew contract
AED 135,000/yr6 months · AED 93 per sqft
1 May 2013RentedNew contract
AED 115,000/yr12 months · AED 79 per sqft
12 May 2008Sold by developerReady
AED 885,000AED 609 per sqft

Source: Dubai Land Department. Updated 1 November 2014.

Key facts

Type
2-bed apartment
Size
1,452 sqft
Floor
30th of 47
Parking
B311
Developer
Dubai Properties
Completed
2007
Service charge
AED 26,000 /yr
Last sold
AED 885K · May 2008
Building
Sadaf 6

About 3008, Sadaf 6

3008 is a two-bedroom apartment of 1,452 sqft on the 30th floor of Sadaf 6, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 12 May 2008 for AED 885,000, or AED 609 per sqft, 41% above the AED 433 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 1 November 2014, is AED 140,000 a year: a gross yield of 15.8% on the 2008 price, before the service charge of about AED 26,000 a year.

Sales and rents for 3008 over time

Sales
Unit 3008, each saleTypical two-bed in Sadaf 6
1M2M20072012201720222027Typical sale price by year: 2007 AED 635,000; 2008 AED 599,000; 2009 AED 885,000; 2010 AED 1,620,000; 2011 AED 1,000,000; 2012 AED 1,077,500; 2013 AED 885,000; 2014 AED 2,025,000; 2015 AED 885,000; 2016 AED 1,900,000; 2017 AED 2,100,000; 2018 AED 1,600,000; 2019 AED 1,150,000; 2020 AED 1,100,000; 2021 AED 1,500,000; 2022 AED 1,545,000; 2023 AED 1,847,500; 2024 AED 2,289,619; 2025 AED 2,275,000; 2026 AED 1,950,000Sold by developer, May 2008: AED 885,000 (AED 609 per sqft)

3008 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3008, each contractTypical two-bed in Sadaf 6
100K150K20112015201920232027Typical rent by year: 2011 AED 110,000; 2012 AED 100,000; 2013 AED 115,000; 2014 AED 130,352; 2015 AED 134,000; 2016 AED 130,000; 2017 AED 125,000; 2018 AED 120,000; 2019 AED 100,000; 2020 AED 80,000; 2021 AED 81,250; 2022 AED 99,750; 2023 AED 114,000; 2024 AED 130,000; 2025 AED 130,000; 2026 AED 126,000New contract, May 2013: AED 115,000 a yearNew contract, May 2014: AED 135,000 a yearNew contract, November 2014: AED 140,000 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 6, and where 3008 sits

All 119 2-beds →

3008 last sold in May 2008 at AED 609 per sqft, 41% above what two-beds in Sadaf 6 were fetching at the time (AED 433). Over the last 12 months two-beds sold for AED 1,650,000 to 2,800,000, around AED 1,407 per sqft, and rent for AED 100,000 to 205,000 a year. 3008's AED 140,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Nov 20262,700,000
21 Jul 20262,500,000
3 Jul 20261,875,000
5 Jun 20261,650,000
7 2-bed sales in the last 12 months

Sadaf 6

Building

266 apartments, studios to 3-bed over 47 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 15 sold in the last 12 months.

Typical price per sqft
AED 1,456 Down 2.5%
Typical sale
AED 2.63M
Typical rent
AED 130K /yr
Typical yield
6.0%
Sadaf 6, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 30th floor

All 266 units in Sadaf 6
Value
30091-bedAED 1.72M · Nov 2012
30101-bedAED 2.05M · May 2017
30112-bedAED 599K · Aug 2008
30123-bedAED 2M · Apr 2010
30133-bedAED 2.8M · Nov 2015

3008, Sadaf 6 in numbers

  • Sold once: by Dubai Properties on 12 May 2008 for AED 885,000, or AED 609 per sqft.
  • Rented since May 2013 on 3 Ejari contracts, from AED 115,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2008 price is 15.8%, before a service charge of about AED 26,000 a year (AED 17.91 per sqft).
  • Two-beds in Sadaf 6 sold for AED 1,650,000–2,800,000 in the 12 months to November 2026; the building's median across all types is AED 1,456 per sqft.

Source: Dubai Land Department. Updated 1 November 2014.

Questions about 3008, Sadaf 6

What did unit 3008 last sell for?

AED 885,000 on 12 May 2008, sold by the developer: AED 609 per sqft for 1,452 sqft. It is the only registered sale of the unit.

What is the rent for unit 3008?

AED 140,000 a year on the contract signed on 1 November 2014. The previous contract, from May 2014, was AED 135,000; the unit has been rented since May 2013.

How big is unit 3008?

1,452 sqft (134.9 sqm): a two-bedroom apartment on the 30th floor of a 47-storey tower completed in 2007.

What is unit 3008 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Sadaf 6 sold for AED 1,650,000 to 2,800,000 in the last 12 months, around AED 1,407 per sqft.

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Mortgage on 3008, Sadaf 6

Starts from the last sale price (AED 885K, 12 May 2008). Switch to today's estimate once you have unlocked it.
Price
AED 885,000
Deposit, UAE resident (20%)
AED 177,000
Deposit, non-resident (40%)
AED 354,000
Monthly over 25 years at 3.7%
AED 3,621

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