406, Concept 7 Residences
Sold prices and rental history: sold once, by the developer in February 2024, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Concept 7 Residences
What is 406 worth today?
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Source: Dubai Land Department. Updated 18 July 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 726 sqft
- Floor
- 4th of 10
- Parking
- 1
- Developer
- Condor Concept 7 Real Estate Development
- Completed
- 2024
- Last sold
- AED 1.01M · February 2024
- Building
- Concept 7 Residences
About 406, Concept 7 Residences
406 is a one-bedroom apartment of 726 sqft on the 4th floor of Concept 7 Residences, a 10-storey tower in Jumeirah Village Circle (JVC) completed in 2024 by Condor Concept 7 Real Estate Development . The developer sold it on 15 February 2024 for AED 1,013,247, or AED 1,395 per sqft, 13% above the AED 1,240 one-beds in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 18 July 2026, is AED 70,000 a year: a gross yield of 6.9% on the 2024 price.
Sales and rents for 406 over time
406 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Concept 7 Residences, and where 406 sits
All 118 1-beds →406 last sold in February 2024 at AED 1,395 per sqft, 13% above what one-beds in Concept 7 Residences were fetching at the time (AED 1,240). Over the last 12 months one-beds sold for AED 930,000 to 1,246,420, around AED 1,572 per sqft, and rent for AED 55,000 to 90,000 a year. 406's AED 70,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Aug 202617 August 2026 | 691 sqft | 1,246,420 | 1,804 | ||
| 15 Jul 202615 July 2026 | 723 sqft | 930,000 | 1,287 | ||
| 2 Jul 20262 July 2026 | 731 sqft | 930,000 | 1,272 | ||
| 11 Jun 202611 June 2026 | 688 sqft | 1,170,000 | 1,699 |
Concept 7 Residences
Building159 apartments, studios to 2-bed over 10 floors in Jumeirah Village Circle (JVC), completed in 2024 by Condor Concept 7 Real Estate Development . 17 sold in the last 12 months.
- Typical price per sqft
- AED 1,658 Up 4.0%
- Typical sale
- AED 1.11M
- Typical rent
- AED 73K /yr
- Typical yield
- 6.3%
Other units on the 4th floor
All 159 units in Concept 7 Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,148 sqft | AED 1.9MAED 1,900,350 · Mar 2024March 2024 | ||
| 402 | 1-bed | 702 sqft | AED 1.12MAED 1,120,519 · May 2024May 2024 | 90,000 /yr | |
| 403 | 1-bed | 698 sqft | AED 998KAED 997,987 · Mar 2024March 2024 | 84,000 /yr | |
| 404 | 1-bed | 696 sqft | AED 1.16MAED 1,164,091 · Mar 2024March 2024 | ||
| 405 | 1-bed | 698 sqft | AED 1.14MAED 1,141,883 · Feb 2024February 2024 | ||
| 407 | 1-bed | 710 sqft | AED 1.17MAED 1,169,026 · Feb 2024February 2024 | 90,000 /yr | |
| 408 | Studio | 392 sqft | AED 725KAED 725,000 · Feb 2024February 2024 | ||
| 409 | 1-bed | 723 sqft | AED 980KAED 980,000 · Jan 2026January 2026 | 80,000 /yr | |
| 410 | 1-bed | 739 sqft | AED 968KAED 968,182 · Feb 2024February 2024 | 86,000 /yr | |
| 411 | 1-bed | 734 sqft | AED 996KAED 996,359 · May 2024May 2024 | 75,000 /yr | |
| 412 | 1-bed | 754 sqft | AED 1.01MAED 1,013,520 · Mar 2024March 2024 | 80,000 /yr | |
| 413 | 1-bed | 753 sqft | AED 1.17MAED 1,173,000 · Jun 2025June 2025 | 75,000 /yr | |
| 414 | 1-bed | 688 sqft | AED 1.17MAED 1,170,000 · Jun 2026June 2026 | 78,000 /yr | |
| 415 | 1-bed | 713 sqft | AED 1.21MAED 1,208,110 · Mar 2024March 2024 | 80,000 /yr | |
| 416 | Studio | 396 sqft | AED 700KAED 700,000 · Feb 2025February 2025 | ||
| 417 | Studio | 438 sqft | AED 688KAED 687,500 · Nov 2023November 2023 | 55,000 /yr |
406, Concept 7 Residences in numbers
- Sold once: by Condor Concept 7 Real Estate Development on 15 February 2024 for AED 1,013,247, or AED 1,395 per sqft.
- Rented since July 2025 on 2 Ejari contracts, from AED 85,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2024 price is 6.9%.
- One-beds in Concept 7 Residences sold for AED 930,000–1,246,420 in the 12 months to November 2026; the building's median across all types is AED 1,658 per sqft.
Source: Dubai Land Department. Updated 18 July 2026.
Questions about 406, Concept 7 Residences
What did unit 406 last sell for?
AED 1,013,247 on 15 February 2024, sold by the developer: AED 1,395 per sqft for 726 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 70,000 a year on the contract signed on 18 July 2026. The previous contract, from July 2025, was AED 85,000.
How big is unit 406?
726 sqft (67.4 sqm): a one-bedroom apartment on the 4th floor of a 10-storey tower completed in 2024.
What is unit 406 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Concept 7 Residences sold for AED 930,000 to 1,246,420 in the last 12 months, around AED 1,572 per sqft.
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Mortgage on 406, Concept 7 Residences
Starts from the last sale price (AED 1.01M, 15 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,013,247
- Deposit, UAE resident (20%)
- AED 202,649
- Deposit, non-resident (40%)
- AED 405,299
- Monthly over 25 years at 3.7%
- AED 4,146
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →