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3-bed · 1,903 sqftSadaf 8, Jumeirah Beach Residence · 7th floor · completed 2007

702, Sadaf 8

Sold prices and rental history: sold 3 times, last in March 2018, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 13 March 2018
Last soldAED 2.23M13 March 2018
Current rentAED 155K /yr3 May 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 702, Sadaf 8

What is 702 worth today?

Last sold for AED 2,230,000 in 2018

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13 Mar 2018SoldReady
AED 2,230,000AED 1,171 per sqft
3 May 2017RentedRenewal
AED 155,000/yr12 months · AED 81 per sqft
3 May 2016RentedNew contract
AED 155,000/yr12 months · AED 81 per sqft
29 Jul 2013SoldReady
AED 2,450,000AED 1,287 per sqft
7 May 2008Sold by developerReady
AED 699,000AED 367 per sqft

Source: Dubai Land Department. Updated 13 March 2018.

Key facts

Type
3-bed apartment
Size
1,903 sqft
Floor
7th of 47
Parking
B772/ B773
Developer
Dubai Properties
Completed
2007
Service charge
AED 34,100 /yr
Last sold
AED 2.23M · March 2018
Building
Sadaf 8

About 702, Sadaf 8

702 is a three-bedroom apartment of 1,903 sqft on the 7th floor of Sadaf 8, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 13 March 2018 for AED 2,230,000, or AED 1,171 per sqft.

It has been rented since 2016 on 2 Ejari contracts. The current contract, renewed on 3 May 2017, is AED 155,000 a year: a gross yield of 7.0% on the 2018 price, before the service charge of about AED 34,100 a year.

Sales and rents for 702 over time

Sales
Unit 702, 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, May 2008: AED 699,000 (AED 367 per sqft)Sold, July 2013: AED 2,450,000 (AED 1,287 per sqft)Sold, March 2018: AED 2,230,000 (AED 1,171 per sqft)

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

Rents
Unit 702, 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, May 2016: AED 155,000 a yearRenewal, May 2017: AED 155,000 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 702 sits

All 76 3-beds →

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. 702's AED 155,000 is in the upper 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 7th floor

All 164 units in Sadaf 8
Value
7013-bedAED 1.6M · Dec 2011
7034-bedAED 1.2M · Feb 2015
7044-bedAED 3.43M · Aug 2024
7053-bedAED 1.23M · Oct 2020
7063-bedAED 1.45M · Mar 2021

702, Sadaf 8 in numbers

  • Sold 3 times: first on 7 May 2008 for AED 699,000, last on 13 March 2018 for AED 2,230,000 (AED 1,171 per sqft).
  • Rented since May 2016 on 2 Ejari contracts, at AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2018 price is 7.0%, 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 13 March 2018.

Questions about 702, Sadaf 8

What did unit 702 last sell for?

AED 2,230,000 on 13 March 2018: AED 1,171 per sqft for 1,903 sqft. The unit has 3 registered sales; the first was AED 699,000 in May 2008.

What is the rent for unit 702?

AED 155,000 a year on the contract renewed on 3 May 2017. The previous contract, from May 2016, was AED 155,000.

How big is unit 702?

1,903 sqft (176.8 sqm): a three-bedroom apartment on the 7th floor of a 47-storey tower completed in 2007.

What is unit 702 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 702, Sadaf 8

Starts from the last sale price (AED 2.23M, 13 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,230,000
Deposit, UAE resident (20%)
AED 446,000
Deposit, non-resident (40%)
AED 892,000
Monthly over 25 years at 3.7%
AED 9,124

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