2-bed · 960 sqftBinghatti Gate, Jumeirah Village Circle (JVC) · 4th floor · completed 2022

412, Binghatti Gate

Sold prices and rental history: sold twice, last in March 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 412 · DLD and Ejari recordsUpdated 10 May 2024
Last soldAED 780K15 March 2023
Current rentAED 72K /yr10 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 412, Binghatti Gate

What is 412 worth today?

Last sold for AED 780,000 in 2023

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10 May 2024RentedRenewal
AED 72,000/yr12 months · AED 75 per sqft
10 May 2023RentedNew contract
AED 72,000/yr12 months · AED 75 per sqft
15 Mar 2023SoldReady
AED 780,000AED 812 per sqft
31 Oct 2022Sold by developerReady
AED 685,000AED 713 per sqft

Source: Dubai Land Department. Updated 10 May 2024.

Key facts

Type
2-bed apartment
Size
960 sqft
Floor
4th of 6
Parking
G-17
Developer
Binghatti
Completed
2022
Service charge
AED 14,900 /yr
Last sold
AED 780K · March 2023

About 412, Binghatti Gate

412 is a two-bedroom apartment of 960 sqft on the 4th floor of Binghatti Gate, a 6-storey tower in Jumeirah Village Circle (JVC) completed in 2022 by Binghatti. It last sold on 15 March 2023 for AED 780,000, or AED 812 per sqft, 14% above the AED 712 two-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 10 May 2024, is AED 72,000 a year: a gross yield of 9.2% on the 2023 price, before the service charge of about AED 14,900 a year.

Sales and rents for 412 over time

Sales
Unit 412, each saleTypical two-bed in Binghatti Gate
800K1M2021202320252027Typical sale price by year: 2021 AED 700,000; 2022 AED 730,000; 2023 AED 795,000; 2024 AED 950,000; 2025 AED 1,050,000; 2026 AED 1,035,000Sold by developer, October 2022: AED 685,000 (AED 713 per sqft)Sold, March 2023: AED 780,000 (AED 812 per sqft)

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

Rents
Unit 412, each contractTypical two-bed in Binghatti Gate
60K80K202220242026Typical rent by year: 2022 AED 60,000; 2023 AED 75,000; 2024 AED 85,000; 2025 AED 87,000; 2026 AED 85,459New contract, May 2023: AED 72,000 a yearRenewal, May 2024: AED 72,000 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 Binghatti Gate, and where 412 sits

All 48 2-beds →

412 last sold in March 2023 at AED 812 per sqft, 14% above what two-beds in Binghatti Gate were fetching at the time (AED 712). Over the last 12 months two-beds sold for AED 850,000 to 1,120,000, around AED 955 per sqft, and rent for AED 50,000 to 95,000 a year. 412's AED 72,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Oct 20261,030,000
22 Oct 2026850,000
16 Mar 20261,120,000
12 Jan 20261,040,000
4 2-bed sales in the last 12 months

Binghatti Gate

Building

132 apartments, 1-bed to 2-bed over 6 floors in Jumeirah Village Circle (JVC), completed in 2022 by Binghatti. 11 sold in the last 12 months.

Typical price per sqft
AED 1,073 Down 2.7%
Typical sale
AED 850K
Typical rent
AED 65K /yr
Typical yield
7.8%
Binghatti Gate, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 4th floor

All 132 units in Binghatti Gate
Value
4012-bedAED 715K · Mar 2023
4021-bedAED 521K · May 2021
4031-bedAED 506K · May 2021
4041-bedAED 515K · Sep 2022
4052-bedAED 1.05M · Jun 2024
4062-bedAED 1.04M · Jan 2026
4071-bedAED 385K · Dec 2021
1–7 of 21

412, Binghatti Gate in numbers

  • Sold twice: first on 31 October 2022 for AED 685,000, last on 15 March 2023 for AED 780,000 (AED 812 per sqft).
  • Rented since May 2023 on 2 Ejari contracts, at AED 72,000 a year.
  • At AED 72,000 a year the gross yield on the 2023 price is 9.2%, before a service charge of about AED 14,900 a year (AED 15.55 per sqft).
  • Two-beds in Binghatti Gate sold for AED 850,000–1,120,000 in the 12 months to November 2026; the building's median across all types is AED 1,073 per sqft.

Source: Dubai Land Department. Updated 10 May 2024.

Questions about 412, Binghatti Gate

What did unit 412 last sell for?

AED 780,000 on 15 March 2023: AED 812 per sqft for 960 sqft. The unit has 2 registered sales; the first was AED 685,000 in October 2022.

What is the rent for unit 412?

AED 72,000 a year on the contract renewed on 10 May 2024. The previous contract, from May 2023, was AED 72,000.

How big is unit 412?

960 sqft (89.2 sqm): a two-bedroom apartment on the 4th floor of a 6-storey tower completed in 2022.

What is unit 412 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Binghatti Gate sold for AED 850,000 to 1,120,000 in the last 12 months, around AED 955 per sqft.

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Mortgage on 412, Binghatti Gate

Starts from the last sale price (AED 780K, 15 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 780,000
Deposit, UAE resident (20%)
AED 156,000
Deposit, non-resident (40%)
AED 312,000
Monthly over 25 years at 3.7%
AED 3,191

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