Penthouse · 6,020 sqftSadaf 7, Jumeirah Beach Residence · 46th floor · completed 2007

4601, Sadaf 7

Sold prices and rental history: sold 4 times, last in September 2014, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4601 · DLD and Ejari recordsUpdated 9 September 2014
Last soldAED 6.16M9 September 2014
Current rentAED 47K /yr1 September 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4601, Sadaf 7

What is 4601 worth today?

Last sold for AED 6,155,000 in 2014

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9 Sep 2014SoldReady
AED 6,155,000AED 1,022 per sqft
1 Sep 2014RentedNew contract · flagged as an outlier
AED 46,986/yr37 months · AED 8 per sqft
1 Jan 2012RentedNew contract · flagged as an outlier
AED 126,000/yr48 months · AED 21 per sqft
25 Oct 2009SoldReady
AED 7,700,000AED 1,279 per sqft
18 Feb 2008SoldReady
AED 10,000,000AED 1,661 per sqft
29 Nov 2007Sold by developerReady
AED 4,180,000AED 694 per sqft

Source: Dubai Land Department. Updated 9 September 2014.

Key facts

Type
Penthouse apartment
Size
6,020 sqft
Floor
46th of 46
Parking
M129/129A
Developer
Dubai Properties
Completed
2007
Service charge
AED 87,500 /yr
Last sold
AED 6.16M · September 2014
Building
Sadaf 7

About 4601, Sadaf 7

4601 is a penthouse of 6,020 sqft on the 46th floor of Sadaf 7, a 46-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 9 September 2014 for AED 6,155,000, or AED 1,022 per sqft, in line with the AED 1,022 penthouses in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 1 September 2014, is AED 46,986 a year: a gross yield of 0.8% on the 2014 price, before the service charge of about AED 87,500 a year.

Sales and rents for 4601 over time

Sales
Unit 4601, each saleTypical penthouse in Sadaf 7
5M10M200720102013Typical sale price by year: 2008 AED 3,980,000; 2014 AED 4,522,500Sold by developer, November 2007: AED 4,180,000 (AED 694 per sqft)Sold, February 2008: AED 10,000,000 (AED 1,661 per sqft)Sold, October 2009: AED 7,700,000 (AED 1,279 per sqft)Sold, September 2014: AED 6,155,000 (AED 1,022 per sqft)

4601 has sold 4 times; the dashed line is the penthouse median of each year in the building.

Rents
Unit 4601, each contractTypical penthouse in Sadaf 7
220K223K225K201620172018Typical rent by year: 2016 AED 225,000; 2017 AED 220,000

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

Penthouses in Sadaf 7, and where 4601 sits

All 6 penthouses →

4601 last sold in September 2014 at AED 1,022 per sqft, in line with what penthouses in Sadaf 7 were fetching at the time (AED 1,022).

Recent penthouse salesUnit no.Price (AED)Summary
28 Aug 20144,522,500
13 Aug 20141,605,000
7 Nov 20121,909,000
5 Jan 20121,405,000
0 penthouse 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 46th floor

All 274 units in Sadaf 7
Value
4602PenthouseAED 4.52M · Aug 2014

4601, Sadaf 7 in numbers

  • Sold 4 times: first on 29 November 2007 for AED 4,180,000, last on 9 September 2014 for AED 6,155,000 (AED 1,022 per sqft).
  • Rented since January 2012 on 2 Ejari contracts, from AED 126,000 to AED 46,986 a year.
  • At AED 46,986 a year the gross yield on the 2014 price is 0.8%, before a service charge of about AED 87,500 a year (AED 14.53 per sqft).

Source: Dubai Land Department. Updated 9 September 2014.

Questions about 4601, Sadaf 7

What did unit 4601 last sell for?

AED 6,155,000 on 9 September 2014: AED 1,022 per sqft for 6,020 sqft. The unit has 4 registered sales; the first was AED 4,180,000 in November 2007.

What is the rent for unit 4601?

AED 46,986 a year on the contract signed on 1 September 2014. The previous contract, from January 2012, was AED 126,000.

How big is unit 4601?

6,020 sqft (559.3 sqm): a penthouse on the 46th floor of a 46-storey tower completed in 2007.

What is unit 4601 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 4601, Sadaf 7

Starts from the last sale price (AED 6.16M, 9 September 2014). Switch to today's estimate once you have unlocked it.
Price
AED 6,155,000
Deposit, UAE resident (20%)
AED 1,231,000
Deposit, non-resident (40%)
AED 2,462,000
Monthly over 25 years at 3.7%
AED 25,182

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