Studio · 530 sqftSaba Towers 2, Jumeirah Lake Towers (JLT) · 20th floor · completed 2008

2004, Saba Towers 2

Sold prices and rental history: sold twice, last in November 2008, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2004 · DLD and Ejari recordsUpdated 25 October 2020
Last soldAED 950K11 November 2008
Current rentAED 34K /yr25 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2004, Saba Towers 2

What is 2004 worth today?

Last sold for AED 950,000 in 2008

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25 Oct 2020RentedNew contract
AED 34,000/yr12 months · AED 64 per sqft
1 Oct 2019RentedNew contract
AED 38,000/yr12 months · AED 72 per sqft
20 Jun 2016RentedNew contract
AED 65,000/yr12 months · AED 123 per sqft
11 Nov 2008SoldReady
AED 950,000AED 1,791 per sqft
10 Nov 2008Sold by developerReady
AED 320,500AED 604 per sqft

Source: Dubai Land Department. Updated 25 October 2020.

Key facts

Type
Studio apartment
Size
530 sqft
Floor
20th of 36
Parking
DMCC-2281
Developer
Saba Properties
Completed
2008
Service charge
AED 9,000 /yr
Last sold
AED 950K · November 2008

About 2004, Saba Towers 2

2004 is a studio of 530 sqft on the 20th floor of Saba Towers 2, a 36-storey tower in Jumeirah Lake Towers (JLT) completed in 2008 by Saba Properties. It last sold on 11 November 2008 for AED 950,000, or AED 1,791 per sqft, 50% above the AED 1,193 studios in the building were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, signed on 25 October 2020, is AED 34,000 a year: a gross yield of 3.6% on the 2008 price, before the service charge of about AED 9,000 a year.

Sales and rents for 2004 over time

Sales
Unit 2004, each saleTypical studio in Saba Towers 2
500K1M2008201320182023Typical sale price by year: 2008 AED 335,500; 2009 AED 330,000; 2010 AED 502,500; 2011 AED 323,000; 2012 AED 425,000; 2013 AED 580,000; 2014 AED 815,000; 2015 AED 780,000; 2016 AED 740,000; 2017 AED 770,000; 2018 AED 625,000; 2019 AED 455,000; 2021 AED 446,000; 2022 AED 760,000; 2023 AED 767,500; 2024 AED 812,000; 2025 AED 750,000; 2026 AED 800,000Sold, November 2008: AED 950,000 (AED 1,791 per sqft)Sold by developer, November 2008: AED 320,500 (AED 604 per sqft)

2004 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 2004, each contractTypical studio in Saba Towers 2
40K60K2012201620202024Typical rent by year: 2012 AED 40,000; 2013 AED 55,000; 2014 AED 58,000; 2015 AED 68,000; 2016 AED 65,000; 2017 AED 60,000; 2018 AED 52,000; 2019 AED 46,000; 2020 AED 33,750; 2021 AED 34,500; 2022 AED 41,000; 2023 AED 51,200; 2024 AED 56,000; 2025 AED 60,000; 2026 AED 56,613New contract, June 2016: AED 65,000 a yearNew contract, October 2019: AED 38,000 a yearNew contract, October 2020: AED 34,000 a year

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

Studios in Saba Towers 2, and where 2004 sits

All 90 studios →

2004 last sold in November 2008 at AED 1,791 per sqft, 50% above what studios in Saba Towers 2 were fetching at the time (AED 1,193). Over the last 12 months studios sold for AED 635,000 to 885,000, around AED 1,508 per sqft, and rent for AED 48,000 to 75,000 a year. 2004's AED 34,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
6 Aug 202611,914
5 Aug 202614,932
29 Jul 202628,677
28 Jul 202631,106
16 studio sales in the last 12 months

Saba Towers 2

Building

366 apartments, studios to 4-bed over 36 floors in Jumeirah Lake Towers (JLT), completed in 2008 by Saba Properties. 27 sold in the last 12 months.

Typical price per sqft
AED 1,470 Up 4.5%
Typical sale
AED 1.25M
Typical rent
AED 80K /yr
Typical yield
6.8%
Saba Towers 2, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 20th floor

All 366 units in Saba Towers 2
Value
20012-bedAED 1.45M · Nov 2015
2002StudioAED 805K · Mar 2023
2003StudioAED 565K · Dec 2018
20051-bedAED 1.05M · Oct 2024
20062-bedAED 1.55M · Jun 2018
20071-bedAED 620K · Jan 2009
20082-bedAED 1.5M · Feb 2024
1–7 of 11

2004, Saba Towers 2 in numbers

  • Sold twice: first on 10 November 2008 for AED 320,500, last on 11 November 2008 for AED 950,000 (AED 1,791 per sqft).
  • Rented since June 2016 on 3 Ejari contracts, from AED 65,000 to AED 34,000 a year.
  • At AED 34,000 a year the gross yield on the 2008 price is 3.6%, before a service charge of about AED 9,000 a year (AED 16.93 per sqft).
  • Studios in Saba Towers 2 sold for AED 635,000–885,000 in the 12 months to November 2026; the building's median across all types is AED 1,470 per sqft.

Source: Dubai Land Department. Updated 25 October 2020.

Questions about 2004, Saba Towers 2

What did unit 2004 last sell for?

AED 950,000 on 11 November 2008: AED 1,791 per sqft for 530 sqft. The unit has 2 registered sales; the first was AED 320,500 in November 2008.

What is the rent for unit 2004?

AED 34,000 a year on the contract signed on 25 October 2020. The previous contract, from October 2019, was AED 38,000; the unit has been rented since June 2016.

How big is unit 2004?

530 sqft (49.2 sqm): a studio on the 20th floor of a 36-storey tower completed in 2008.

What is unit 2004 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Saba Towers 2 sold for AED 635,000 to 885,000 in the last 12 months, around AED 1,508 per sqft.

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Mortgage on 2004, Saba Towers 2

Starts from the last sale price (AED 950K, 11 November 2008). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

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