3-bed · 1,904 sqftSadaf 8, Jumeirah Beach Residence · 5th floor · completed 2007

501, Sadaf 8

Sold prices and rental history: sold once, by the developer in February 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 10 October 2021
Last soldAED 1.16M4 February 2014
Current rentAED 115K /yr10 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 501, Sadaf 8

What is 501 worth today?

Last sold for AED 1,155,000 in 2014

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10 Oct 2021RentedNew contract
AED 115,000/yr12 months · AED 60 per sqft
10 Oct 2019RentedNew contract
AED 118,000/yr12 months · AED 62 per sqft
1 Sep 2018RentedRenewal
AED 140,000/yr12 months · AED 73 per sqft
1 Sep 2017RentedNew contract
AED 145,000/yr12 months · AED 76 per sqft
1 Sep 2016RentedRenewal
AED 165,000/yr12 months · AED 87 per sqft
1 Sep 2015RentedRenewal
AED 165,000/yr12 months · AED 87 per sqft
1 Sep 2014RentedNew contract
AED 165,000/yr12 months · AED 87 per sqft
4 Feb 2014Sold by developerReady
AED 1,155,000AED 606 per sqft

Source: Dubai Land Department. Updated 10 October 2021.

Key facts

Type
3-bed apartment
Size
1,904 sqft
Floor
5th of 47
Parking
B785/ B786
Developer
Dubai Properties
Completed
2007
Service charge
AED 34,100 /yr
Last sold
AED 1.16M · February 2014
Building
Sadaf 8

About 501, Sadaf 8

501 is a three-bedroom apartment of 1,904 sqft on the 5th floor of Sadaf 8, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. The developer sold it on 4 February 2014 for AED 1,155,000, or AED 606 per sqft, 40% below the AED 1,017 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 10 October 2021, is AED 115,000 a year: a gross yield of 10.0% on the 2014 price, before the service charge of about AED 34,100 a year.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical three-bed in Sadaf 8
1M2M20072012201720222027Typical sale price by year: 2007 AED 699,000; 2008 AED 699,000; 2009 AED 999,500; 2010 AED 1,965,000; 2011 AED 1,575,000; 2012 AED 1,815,000; 2013 AED 1,940,000; 2014 AED 2,110,000; 2015 AED 2,627,500; 2016 AED 2,350,000; 2019 AED 1,600,000; 2020 AED 1,400,000; 2021 AED 1,500,000; 2022 AED 1,835,000; 2023 AED 2,070,000; 2024 AED 2,400,000; 2025 AED 2,500,000; 2026 AED 2,580,000Sold by developer, February 2014: AED 1,155,000 (AED 606 per sqft)

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

Rents
Unit 501, each contractTypical three-bed in Sadaf 8
100K150K2012201620202024Typical rent by year: 2012 AED 125,000; 2013 AED 138,000; 2014 AED 155,000; 2015 AED 165,000; 2016 AED 165,000; 2017 AED 160,000; 2018 AED 140,000; 2019 AED 123,501; 2020 AED 105,000; 2021 AED 103,500; 2022 AED 125,000; 2023 AED 140,000; 2024 AED 162,750; 2025 AED 162,750; 2026 AED 165,000New contract, September 2013: AED 145,000 a yearNew contract, September 2014: AED 165,000 a yearRenewal, September 2015: AED 165,000 a yearRenewal, September 2016: AED 165,000 a yearNew contract, September 2017: AED 145,000 a yearRenewal, September 2018: AED 140,000 a yearNew contract, October 2019: AED 118,000 a yearNew contract, October 2021: AED 115,000 a year

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

3-beds in Sadaf 8, and where 501 sits

All 76 3-beds →

501 last sold in February 2014 at AED 606 per sqft, 40% below what three-beds in Sadaf 8 were fetching at the time (AED 1,017). Over the last 12 months three-beds sold for AED 2,500,000 to 2,800,000, around AED 1,353 per sqft, and rent for AED 51,184 to 255,000 a year. 501's AED 115,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
29 Sep 20262,500,000
21 Sep 20262,800,000
6 Aug 20262,575,000
5 Aug 20262,585,000
5 3-bed sales in the last 12 months

Sadaf 8

Building

164 apartments, studios to 4-bed over 47 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 12 sold in the last 12 months.

Typical price per sqft
AED 1,311 Level
Typical sale
AED 3.05M
Typical rent
AED 195K /yr
Typical yield
6.3%
Sadaf 8, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 5th floor

All 164 units in Sadaf 8
Value
5023-bedAED 699K · Feb 2008
5034-bedAED 3.3M · Nov 2025
5044-bedAED 1.8M · Dec 2010
5053-bedAED 699K · Jan 2016
5063-bedAED 2.05M · Mar 2023

501, Sadaf 8 in numbers

  • Sold once: by Dubai Properties on 4 February 2014 for AED 1,155,000, or AED 606 per sqft.
  • Rented since September 2013 on 8 Ejari contracts, from AED 145,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2014 price is 10.0%, before a service charge of about AED 34,100 a year (AED 17.91 per sqft).
  • Three-beds in Sadaf 8 sold for AED 2,500,000–2,800,000 in the 12 months to November 2026; the building's median across all types is AED 1,311 per sqft.

Source: Dubai Land Department. Updated 10 October 2021.

Questions about 501, Sadaf 8

What did unit 501 last sell for?

AED 1,155,000 on 4 February 2014, sold by the developer: AED 606 per sqft for 1,904 sqft. It is the only registered sale of the unit.

What is the rent for unit 501?

AED 115,000 a year on the contract signed on 10 October 2021. The previous contract, from October 2019, was AED 118,000; the unit has been rented since September 2013.

How big is unit 501?

1,904 sqft (176.9 sqm): a three-bedroom apartment on the 5th floor of a 47-storey tower completed in 2007.

What is unit 501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Sadaf 8 sold for AED 2,500,000 to 2,800,000 in the last 12 months, around AED 1,353 per sqft.

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Mortgage on 501, Sadaf 8

Starts from the last sale price (AED 1.16M, 4 February 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,155,000
Deposit, UAE resident (20%)
AED 231,000
Deposit, non-resident (40%)
AED 462,000
Monthly over 25 years at 3.7%
AED 4,725

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