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2-bed · 1,291 sqftSadaf 7, Jumeirah Beach Residence · 15th floor · completed 2007

1502, Sadaf 7

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

Unit 1502 · DLD and Ejari recordsUpdated 1 April 2017
Last soldAED 860K2 January 2008
Current rentAED 90K /yr1 April 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1502, Sadaf 7

What is 1502 worth today?

Last sold for AED 860,000 in 2008

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1 Apr 2017RentedRenewal
AED 90,000/yr7 months · AED 70 per sqft
1 Apr 2016RentedNew contract
AED 113,000/yr12 months · AED 87 per sqft
9 Feb 2013RentedNew contract
AED 125,000/yr12 months · AED 97 per sqft
2 Jan 2008Sold by developerReady
AED 860,000AED 666 per sqft

Source: Dubai Land Department. Updated 1 April 2017.

Key facts

Type
2-bed apartment
Size
1,291 sqft
Floor
15th of 46
Parking
M136
Developer
Dubai Properties
Completed
2007
Service charge
AED 18,800 /yr
Last sold
AED 860K · January 2008
Building
Sadaf 7

About 1502, Sadaf 7

1502 is a two-bedroom apartment of 1,291 sqft on the 15th floor of Sadaf 7, a 46-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 2 January 2008 for AED 860,000, or AED 666 per sqft, 44% above the AED 463 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, renewed on 1 April 2017, is AED 90,000 a year: a gross yield of 10.5% on the 2008 price, before the service charge of about AED 18,800 a year.

Sales and rents for 1502 over time

Sales
Unit 1502, each saleTypical two-bed in Sadaf 7
1M2M20072012201720222027Typical sale price by year: 2007 AED 599,000; 2008 AED 742,500; 2009 AED 1,250,000; 2010 AED 1,250,000; 2011 AED 860,000; 2012 AED 1,340,000; 2013 AED 1,502,500; 2014 AED 2,100,000; 2015 AED 1,975,000; 2016 AED 1,720,000; 2017 AED 1,660,000; 2018 AED 1,437,500; 2019 AED 1,125,000; 2020 AED 900,000; 2021 AED 1,388,429; 2022 AED 1,500,000; 2023 AED 1,750,000; 2024 AED 2,001,000; 2025 AED 2,000,000; 2026 AED 2,000,000Sold by developer, January 2008: AED 860,000 (AED 666 per sqft)

1502 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1502, each contractTypical two-bed in Sadaf 7
75K100K125K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 112,500; 2014 AED 125,000; 2015 AED 130,000; 2016 AED 125,260; 2017 AED 120,000; 2018 AED 110,000; 2019 AED 92,500; 2020 AED 75,000; 2021 AED 75,375; 2022 AED 90,000; 2023 AED 115,000; 2024 AED 125,000; 2025 AED 127,335; 2026 AED 117,000New contract, February 2013: AED 125,000 a yearNew contract, April 2016: AED 113,000 a yearRenewal, April 2017: AED 90,000 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 7, and where 1502 sits

All 143 2-beds →

1502 last sold in January 2008 at AED 666 per sqft, 44% above what two-beds in Sadaf 7 were fetching at the time (AED 463). Over the last 12 months two-beds sold for AED 1,600,000 to 2,950,000, around AED 1,468 per sqft, and rent for AED 50,000 to 365,000 a year. 1502's AED 90,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Sep 20262,000,000
4 Sep 20262,000,000
4 Sep 20262,200,000
25 Aug 20261,700,000
17 2-bed sales in the last 12 months

Sadaf 7

Building

274 apartments, studios to 4-bed over 46 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 29 sold in the last 12 months.

Typical price per sqft
AED 1,445 Up 2.5%
Typical sale
AED 2M
Typical rent
AED 115K /yr
Typical yield
5.8%
Sadaf 7, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 15th floor

All 274 units in Sadaf 7
Value
15012-bedAED 1.06M · Jan 2009
15032-bedAED 1.27M · May 2021
15042-bedAED 1.15M · Nov 2007
15052-bedAED 1.24M · Feb 2021
15062-bedAED 599K · Feb 2009

1502, Sadaf 7 in numbers

  • Sold once: by Dubai Properties on 2 January 2008 for AED 860,000, or AED 666 per sqft.
  • Rented since February 2013 on 3 Ejari contracts, from AED 125,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2008 price is 10.5%, before a service charge of about AED 18,800 a year (AED 14.53 per sqft).
  • Two-beds in Sadaf 7 sold for AED 1,600,000–2,950,000 in the 12 months to November 2026; the building's median across all types is AED 1,445 per sqft.

Source: Dubai Land Department. Updated 1 April 2017.

Questions about 1502, Sadaf 7

What did unit 1502 last sell for?

AED 860,000 on 2 January 2008, sold by the developer: AED 666 per sqft for 1,291 sqft. It is the only registered sale of the unit.

What is the rent for unit 1502?

AED 90,000 a year on the contract renewed on 1 April 2017. The previous contract, from April 2016, was AED 113,000; the unit has been rented since February 2013.

How big is unit 1502?

1,291 sqft (119.9 sqm): a two-bedroom apartment on the 15th floor of a 46-storey tower completed in 2007.

What is unit 1502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Sadaf 7 sold for AED 1,600,000 to 2,950,000 in the last 12 months, around AED 1,468 per sqft.

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Mortgage on 1502, Sadaf 7

Starts from the last sale price (AED 860K, 2 January 2008). Switch to today's estimate once you have unlocked it.
Price
AED 860,000
Deposit, UAE resident (20%)
AED 172,000
Deposit, non-resident (40%)
AED 344,000
Monthly over 25 years at 3.7%
AED 3,519

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