2-bed · 1,291 sqftSadaf 7, Jumeirah Beach Residence · 6th floor · completed 2007

601, Sadaf 7

Sold prices and rental history: sold 3 times, last in September 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 17 April 2024
Last soldAED 880K6 September 2020
Current rentAED 110K /yr17 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 601, Sadaf 7

What is 601 worth today?

Last sold for AED 880,000 in 2020

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17 Apr 2024RentedRenewal
AED 110,055/yr12 months · AED 85 per sqft
17 Apr 2023RentedRenewal
AED 95,700/yr12 months · AED 74 per sqft
17 Apr 2022RentedRenewal
AED 95,700/yr12 months · AED 74 per sqft
17 Apr 2021RentedNew contract
AED 75,000/yr12 months · AED 58 per sqft
6 Sep 2020SoldReady
AED 880,000AED 681 per sqft
1 Jun 2020RentedRenewal
AED 80,000/yr12 months · AED 62 per sqft
1 Jun 2019RentedNew contract
AED 95,000/yr12 months · AED 74 per sqft
1 Jun 2018RentedRenewal
AED 110,000/yr12 months · AED 85 per sqft

Source: Dubai Land Department. Updated 17 April 2024.

Key facts

Type
2-bed apartment
Size
1,291 sqft
Floor
6th of 46
Parking
B154
Developer
Dubai Properties
Completed
2007
Service charge
AED 18,800 /yr
Last sold
AED 880K · September 2020
Building
Sadaf 7

About 601, Sadaf 7

601 is a two-bedroom apartment of 1,291 sqft on the 6th floor of Sadaf 7, a 46-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 6 September 2020 for AED 880,000, or AED 681 per sqft, 11% below the AED 762 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, renewed on 17 April 2024, is AED 110,055 a year: a gross yield of 12.5% on the 2020 price, before the service charge of about AED 18,800 a year.

Sales and rents for 601 over time

Sales
Unit 601, 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, April 2008: AED 780,000 (AED 604 per sqft)Sold, July 2009: AED 1,325,000 (AED 1,026 per sqft)Sold, September 2020: AED 880,000 (AED 681 per sqft)

601 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 601, 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, December 2014: AED 130,000 a yearRenewal, December 2015: AED 130,000 a yearNew contract, June 2016: AED 119,000 a yearRenewal, June 2017: AED 119,000 a yearRenewal, June 2018: AED 110,000 a yearNew contract, June 2019: AED 95,000 a yearRenewal, June 2020: AED 80,000 a yearNew contract, April 2021: AED 75,000 a yearRenewal, April 2022: AED 95,700 a yearRenewal, April 2023: AED 95,700 a yearRenewal, April 2024: AED 110,055 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 601 sits

All 143 2-beds →

601 last sold in September 2020 at AED 681 per sqft, 11% below what two-beds in Sadaf 7 were fetching at the time (AED 762). 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. 601's AED 110,055 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 6th floor

All 274 units in Sadaf 7
Value
6022-bedAED 2.1M · Feb 2014
6032-bedAED 820K · Sep 2007
6042-bedAED 550K · Apr 2008
6052-bedAED 2.11M · Dec 2015
6062-bedAED 1.75M · Nov 2023

601, Sadaf 7 in numbers

  • Sold 3 times: first on 14 April 2008 for AED 780,000, last on 6 September 2020 for AED 880,000 (AED 681 per sqft).
  • Rented since December 2014 on 11 Ejari contracts. The rent fell from AED 130,000 to AED 75,000 in 2021 and recovered to AED 110,055 by April 2024.
  • At AED 110,055 a year the gross yield on the 2020 price is 12.5%, 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 17 April 2024.

Questions about 601, Sadaf 7

What did unit 601 last sell for?

AED 880,000 on 6 September 2020: AED 681 per sqft for 1,291 sqft. The unit has 3 registered sales; the first was AED 780,000 in April 2008.

What is the rent for unit 601?

AED 110,055 a year on the contract renewed on 17 April 2024. The previous contract, from April 2023, was AED 95,700; the unit has been rented since December 2014.

How big is unit 601?

1,291 sqft (119.9 sqm): a two-bedroom apartment on the 6th floor of a 46-storey tower completed in 2007.

What is unit 601 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 601, Sadaf 7

Starts from the last sale price (AED 880K, 6 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 880,000
Deposit, UAE resident (20%)
AED 176,000
Deposit, non-resident (40%)
AED 352,000
Monthly over 25 years at 3.7%
AED 3,600

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