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2-bed · 2,027 sqftMadina Tower, Jumeirah Lake Towers (JLT) · 28th floor · completed 2007

2802, Madina Tower

Sold prices and rental history: sold once, by the developer in January 2009, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2802 · DLD and Ejari recordsUpdated 6 January 2009
Last soldAED 1.7M6 January 2009
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2802, Madina Tower

What is 2802 worth today?

Last sold for AED 1,700,000 in 2009

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6 Jan 2009Sold by developerReady
AED 1,700,000AED 838 per sqft

Source: Dubai Land Department. Updated 6 January 2009.

Key facts

Type
2-bed apartment
Size
2,027 sqft
Floor
28th of 28
Parking
DMCC-1098
Developer
Reef Real Estate Investment Co
Completed
2007
Service charge
AED 31,200 /yr
Last sold
AED 1.7M · January 2009
Building
Madina Tower

About 2802, Madina Tower

2802 is a two-bedroom apartment of 2,027 sqft on the 28th floor of Madina Tower, a 28-storey tower in Jumeirah Lake Towers (JLT) completed in 2007 by Reef Real Estate Investment Co. The developer sold it on 6 January 2009 for AED 1,700,000, or AED 838 per sqft, 25% above the AED 671 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2802 over time

Sales
Unit 2802, each saleTypical two-bed in Madina Tower
2M3M2009201420192024Typical sale price by year: 2009 AED 1,392,752; 2012 AED 1,375,000; 2013 AED 1,779,554; 2014 AED 1,781,250; 2015 AED 2,337,500; 2016 AED 2,000,000; 2019 AED 1,500,000; 2020 AED 1,350,000; 2021 AED 1,562,500; 2022 AED 1,815,000; 2023 AED 1,925,000; 2024 AED 2,225,000; 2025 AED 2,800,000Sold by developer, January 2009: AED 1,700,000 (AED 838 per sqft)

2802 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2802, each contractTypical two-bed in Madina Tower
100K150K20112015201920232027Typical rent by year: 2011 AED 100,000; 2012 AED 100,000; 2013 AED 119,194; 2014 AED 128,500; 2015 AED 140,000; 2016 AED 140,377; 2017 AED 140,000; 2018 AED 125,000; 2019 AED 115,250; 2020 AED 98,500; 2021 AED 95,000; 2022 AED 102,438; 2023 AED 120,000; 2024 AED 147,000; 2025 AED 175,000; 2026 AED 168,000

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

2-beds in Madina Tower, and where 2802 sits

All 104 2-beds →

2802 last sold in January 2009 at AED 838 per sqft, 25% above what two-beds in Madina Tower were fetching at the time (AED 671). Over the last 12 months two-beds sold for AED 2,600,000 to 3,100,000, around AED 1,405 per sqft, and rent for AED 120,000 to 215,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Sep 20263,100,000
22 Aug 20262,600,000
7 Nov 20252,800,000
14 Aug 20253,000,000
2 2-bed sales in the last 12 months

Madina Tower

Building

200 apartments, 1-bed to 3-bed over 28 floors in Jumeirah Lake Towers (JLT), completed in 2007 by Reef Real Estate Investment Co. 8 sold in the last 12 months.

Typical price per sqft
AED 1,356
Typical sale
AED 1.39M
Typical rent
AED 110K /yr
Typical yield
6.5%
Madina Tower, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 28th floor

All 200 units in Madina Tower
Value
28012-bedAED 2.5M · Jul 2014
28033-bedAED 3.08M · May 2024
28043-bedAED 2M · Jan 2009
28052-bedAED 2.45M · Feb 2024

2802, Madina Tower in numbers

  • Sold once: by Reef Real Estate Investment Co on 6 January 2009 for AED 1,700,000, or AED 838 per sqft.
  • Two-beds in Madina Tower sold for AED 2,600,000–3,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,356 per sqft.

Source: Dubai Land Department. Updated 6 January 2009.

Questions about 2802, Madina Tower

What did unit 2802 last sell for?

AED 1,700,000 on 6 January 2009, sold by the developer: AED 838 per sqft for 2,027 sqft. It is the only registered sale of the unit.

How big is unit 2802?

2,027 sqft (188.3 sqm): a two-bedroom apartment on the 28th floor of a 28-storey tower completed in 2007.

What is unit 2802 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Madina Tower sold for AED 2,600,000 to 3,100,000 in the last 12 months, around AED 1,405 per sqft.

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Mortgage on 2802, Madina Tower

Starts from the last sale price (AED 1.7M, 6 January 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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