4-bed · 3,609 sqftSadaf 7, Jumeirah Beach Residence · 35th floor · completed 2007

3507, Sadaf 7

Sold prices and rental history: sold once, by the developer in March 2008, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3507 · DLD and Ejari recordsUpdated 1 June 2024
Last soldAED 1.55M5 March 2008
Current rentAED 330K /yr1 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3507, Sadaf 7

What is 3507 worth today?

Last sold for AED 1,550,000 in 2008

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1 Jun 2024RentedRenewal
AED 330,000/yr12 months · AED 91 per sqft
1 May 2023RentedNew contract
AED 320,000/yr13 months · AED 89 per sqft
20 Apr 2023RentedNew contract
AED 320,000/yr13 months · AED 89 per sqft
1 Jul 2018RentedRenewal
AED 240,000/yr12 months · AED 66 per sqft
1 Jul 2017RentedRenewal
AED 245,000/yr12 months · AED 68 per sqft
1 Nov 2015RentedNew contract
AED 245,000/yr20 months · AED 68 per sqft
12 Sep 2013RentedRenewal
AED 220,000/yr24 months · AED 61 per sqft
12 Sep 2012RentedNew contract
AED 220,000/yr12 months · AED 61 per sqft

Source: Dubai Land Department. Updated 1 June 2024.

Key facts

Type
4-bed apartment
Size
3,609 sqft
Floor
35th of 46
Parking
G308
Developer
Dubai Properties
Completed
2007
Service charge
AED 52,400 /yr
Last sold
AED 1.55M · March 2008
Building
Sadaf 7

About 3507, Sadaf 7

3507 is a four-bedroom apartment of 3,609 sqft on the 35th floor of Sadaf 7, a 46-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 5 March 2008 for AED 1,550,000, or AED 429 per sqft, in line with the AED 430 four-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, renewed on 1 June 2024, is AED 330,000 a year: a gross yield of 21.3% on the 2008 price, before the service charge of about AED 52,400 a year.

Sales and rents for 3507 over time

Sales
Unit 3507, each saleTypical four-bed in Sadaf 7
2M4M20072012201720222027Typical sale price by year: 2007 AED 1,550,000; 2008 AED 1,550,000; 2012 AED 4,500,000; 2026 AED 4,875,000Sold by developer, March 2008: AED 1,550,000 (AED 429 per sqft)

3507 has sold once; the dashed line is the four-bed median of each year in the building.

Rents
Unit 3507, each contractTypical four-bed in Sadaf 7
200K300K2012201620202024Typical rent by year: 2012 AED 220,000; 2013 AED 231,000; 2014 AED 248,500; 2015 AED 250,000; 2016 AED 250,000; 2017 AED 245,000; 2018 AED 232,500; 2019 AED 220,000; 2020 AED 205,000; 2021 AED 197,500; 2022 AED 255,000; 2023 AED 300,000; 2024 AED 290,000; 2025 AED 290,000; 2026 AED 276,143New contract, September 2012: AED 220,000 a yearRenewal, September 2013: AED 220,000 a yearNew contract, November 2015: AED 245,000 a yearRenewal, July 2017: AED 245,000 a yearRenewal, July 2018: AED 240,000 a yearNew contract, April 2023: AED 320,000 a yearNew contract, May 2023: AED 320,000 a yearRenewal, June 2024: AED 330,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in Sadaf 7, and where 3507 sits

All 20 4-beds →

3507 last sold in March 2008 at AED 429 per sqft, in line with what four-beds in Sadaf 7 were fetching at the time (AED 430). Over the last 12 months four-beds sold for AED 4,800,000 to 5,037,021, around AED 1,357 per sqft, and rent for AED 259,009 to 315,000 a year. 3507's AED 330,000 is at the top of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
1 Apr 20264,850,000
24 Feb 20264,800,000
27 Jan 20264,900,000
26 Jan 20265,037,021
5 4-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 35th floor

All 274 units in Sadaf 7
Value
35011-bedAED 540K · Sep 2008
35021-bedAED 1.76M · Nov 2015
35031-bedAED 695K · Nov 2008
35041-bedAED 1.76M · Nov 2011
35051-bedAED 449K · Nov 2007
35061-bedAED 893K · Apr 2017

3507, Sadaf 7 in numbers

  • Sold once: by Dubai Properties on 5 March 2008 for AED 1,550,000, or AED 429 per sqft.
  • Rented since September 2012 on 8 Ejari contracts, from AED 220,000 to AED 330,000 a year.
  • At AED 330,000 a year the gross yield on the 2008 price is 21.3%, before a service charge of about AED 52,400 a year (AED 14.53 per sqft).
  • Four-beds in Sadaf 7 sold for AED 4,800,000–5,037,021 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 June 2024.

Questions about 3507, Sadaf 7

What did unit 3507 last sell for?

AED 1,550,000 on 5 March 2008, sold by the developer: AED 429 per sqft for 3,609 sqft. It is the only registered sale of the unit.

What is the rent for unit 3507?

AED 330,000 a year on the contract renewed on 1 June 2024. The previous contract, from May 2023, was AED 320,000; the unit has been rented since September 2012.

How big is unit 3507?

3,609 sqft (335.3 sqm): a four-bedroom apartment on the 35th floor of a 46-storey tower completed in 2007.

What is unit 3507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Sadaf 7 sold for AED 4,800,000 to 5,037,021 in the last 12 months, around AED 1,357 per sqft.

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Mortgage on 3507, Sadaf 7

Starts from the last sale price (AED 1.55M, 5 March 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

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