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

602, Sadaf 7

Sold prices and rental history: sold twice, last in February 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 27 July 2020
Last soldAED 2.1M19 February 2014
Current rentAED 65K /yr27 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 602, Sadaf 7

What is 602 worth today?

Last sold for AED 2,100,000 in 2014

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27 Jul 2020RentedNew contract
AED 65,000/yr12 months · AED 50 per sqft
11 Mar 2019RentedRenewal
AED 95,000/yr12 months · AED 74 per sqft
11 Mar 2018RentedRenewal
AED 113,000/yr12 months · AED 87 per sqft
11 Mar 2017RentedNew contract
AED 120,000/yr12 months · AED 93 per sqft
21 Aug 2016RentedNew contract
AED 130,000/yr12 months · AED 101 per sqft
19 Feb 2014SoldReady
AED 2,100,000AED 1,626 per sqft
11 Nov 2007Sold by developerReady
AED 599,000AED 463 per sqft

Source: Dubai Land Department. Updated 27 July 2020.

Key facts

Type
2-bed apartment
Size
1,291 sqft
Floor
6th of 46
Parking
B153
Developer
Dubai Properties
Completed
2007
Service charge
AED 18,800 /yr
Last sold
AED 2.1M · February 2014
Building
Sadaf 7

About 602, Sadaf 7

602 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 19 February 2014 for AED 2,100,000, or AED 1,626 per sqft, 31% above the AED 1,242 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 27 July 2020, is AED 65,000 a year: a gross yield of 3.1% on the 2014 price, before the service charge of about AED 18,800 a year.

Sales and rents for 602 over time

Sales
Unit 602, 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, November 2007: AED 599,000 (AED 463 per sqft)Sold, February 2014: AED 2,100,000 (AED 1,626 per sqft)

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

Rents
Unit 602, each contractTypical two-bed in Sadaf 7
100K2012201620202024Typical 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, August 2016: AED 130,000 a yearNew contract, March 2017: AED 120,000 a yearRenewal, March 2018: AED 113,000 a yearRenewal, March 2019: AED 95,000 a yearNew contract, July 2020: AED 65,000 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 602 sits

All 143 2-beds →

602 last sold in February 2014 at AED 1,626 per sqft, 31% above what two-beds in Sadaf 7 were fetching at the time (AED 1,242). 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. 602's AED 65,000 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 6th floor

All 274 units in Sadaf 7
Value
6012-bedAED 880K · Sep 2020
6032-bedAED 820K · Sep 2007
6042-bedAED 550K · Apr 2008
6052-bedAED 2.11M · Dec 2015
6062-bedAED 1.75M · Nov 2023

602, Sadaf 7 in numbers

  • Sold twice: first on 11 November 2007 for AED 599,000, last on 19 February 2014 for AED 2,100,000 (AED 1,626 per sqft).
  • Rented since August 2016 on 5 Ejari contracts, from AED 130,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2014 price is 3.1%, 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 27 July 2020.

Questions about 602, Sadaf 7

What did unit 602 last sell for?

AED 2,100,000 on 19 February 2014: AED 1,626 per sqft for 1,291 sqft. The unit has 2 registered sales; the first was AED 599,000 in November 2007.

What is the rent for unit 602?

AED 65,000 a year on the contract signed on 27 July 2020. The previous contract, from March 2019, was AED 95,000; the unit has been rented since August 2016.

How big is unit 602?

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 602 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 602, Sadaf 7

Starts from the last sale price (AED 2.1M, 19 February 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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