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Studio · 498 sqftBinghatti Phoenix, Jumeirah Village Circle (JVC) · 2nd floor

242, Binghatti Phoenix

Sold prices and rental history: sold once, by the developer in September 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 242 · DLD and Ejari recordsUpdated 2 September 2024
Last soldAED 773K2 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 242, Binghatti Phoenix

What is 242 worth today?

Last sold for AED 772,649 in 2024

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2 Sep 2024Sold by developerOff-plan
AED 772,649AED 1,552 per sqft

Source: Dubai Land Department. Updated 2 September 2024.

Key facts

Type
Studio apartment
Size
498 sqft
Floor
2nd of 8
Parking
1
Developer
Binghatti
Last sold
AED 773K · September 2024
Building
Binghatti Phoenix

About 242, Binghatti Phoenix

242 is a studio of 498 sqft on the 2nd floor of Binghatti Phoenix, a 8-storey tower in Jumeirah Village Circle (JVC) by Binghatti. The developer sold it on 2 September 2024 for AED 772,649, or AED 1,552 per sqft, 6% below the AED 1,643 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 242 over time

Sales
Unit 242, each saleTypical studio in Binghatti Phoenix
700K750K2024202520262027Typical sale price by year: 2024 AED 700,000; 2025 AED 700,000; 2026 AED 716,000Sold by developer, September 2024: AED 772,649 (AED 1,552 per sqft)

242 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 242, each contractTypical studio in Binghatti Phoenix
60K202520262027Typical rent by year: 2025 AED 60,000; 2026 AED 60,000

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

Studios in Binghatti Phoenix, and where 242 sits

All 95 studios →

242 last sold in September 2024 at AED 1,552 per sqft, 6% below what studios in Binghatti Phoenix were fetching at the time (AED 1,643). Over the last 12 months studios sold for AED 650,000 to 805,000, around AED 1,704 per sqft, and rent for AED 40,000 to 87,600 a year.

Recent studio salesUnit no.Price (AED)Summary
14 Sep 2026702,000
18 Aug 2026686,000
26 Jun 2026690,000
14 May 2026700,000
10 studio sales in the last 12 months

Binghatti Phoenix

Building

429 apartments, studios to 2-bed over 8 floors in Jumeirah Village Circle (JVC) by Binghatti. 97 sold in the last 12 months.

Typical price per sqft
AED 1,502 Up 16.5%
Typical sale
AED 1.17M
Typical rent
AED 85K /yr
Typical yield
7.4%
Binghatti Phoenix, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 2nd floor

All 429 units in Binghatti Phoenix
Value
2011-bedAED 900K · Nov 2024
2021-bedAED 1M · Jun 2026
2031-bedAED 1.1M · Feb 2026
2041-bedAED 950K · Sep 2024
2051-bedAED 900K · Nov 2024
2061-bedAED 900K · Apr 2025
2071-bedAED 950K · May 2025
1–7 of 54

242, Binghatti Phoenix in numbers

  • Sold once: by Binghatti on 2 September 2024 for AED 772,649, or AED 1,552 per sqft.
  • Studios in Binghatti Phoenix sold for AED 650,000–805,000 in the 12 months to November 2026; the building's median across all types is AED 1,502 per sqft.

Source: Dubai Land Department. Updated 2 September 2024.

Questions about 242, Binghatti Phoenix

What did unit 242 last sell for?

AED 772,649 on 2 September 2024, sold by the developer: AED 1,552 per sqft for 498 sqft. It is the only registered sale of the unit.

How big is unit 242?

498 sqft (46.3 sqm): a studio on the 2nd floor of a 8-storey tower.

What is unit 242 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Binghatti Phoenix sold for AED 650,000 to 805,000 in the last 12 months, around AED 1,704 per sqft.

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Mortgage on 242, Binghatti Phoenix

Starts from the last sale price (AED 773K, 2 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 772,649
Deposit, UAE resident (20%)
AED 154,530
Deposit, non-resident (40%)
AED 309,060
Monthly over 25 years at 3.7%
AED 3,161

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