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1-bed · 870 sqftMasaar Residence, Jumeirah Village Circle (JVC) · 3rd floor · completed 2014

302, Masaar Residence

Sold prices and rental history: sold twice, last in October 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 18 October 2023
Last soldAED 460K18 October 2023
Current rentAED 36K /yr1 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 302, Masaar Residence

What is 302 worth today?

Last sold for AED 460,000 in 2023

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18 Oct 2023SoldReady
AED 460,000AED 528 per sqft
1 Aug 2023RentedRenewal
AED 36,000/yr12 months · AED 41 per sqft
1 Aug 2022RentedNew contract
AED 36,000/yr12 months · AED 41 per sqft
8 Aug 2021RentedNew contract
AED 30,000/yr12 months · AED 34 per sqft
10 Jan 2020RentedNew contract
AED 36,000/yr12 months · AED 41 per sqft
25 Jul 2018RentedNew contract
AED 53,000/yr12 months · AED 61 per sqft
1 Jul 2017RentedNew contract
AED 60,000/yr12 months · AED 69 per sqft
1 May 2015RentedNew contract
AED 65,000/yr12 months · AED 75 per sqft

Source: Dubai Land Department. Updated 18 October 2023.

Key facts

Type
1-bed apartment
Size
870 sqft
Floor
3rd of 4
Parking
B-48
Developer
Masaar Tower Properties Development
Completed
2014
Service charge
AED 12,400 /yr
Last sold
AED 460K · October 2023
Building
Masaar Residence

About 302, Masaar Residence

302 is a one-bedroom apartment of 870 sqft on the 3rd floor of Masaar Residence, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2014 by Masaar Tower Properties Development. It last sold on 18 October 2023 for AED 460,000, or AED 528 per sqft, in line with the AED 530 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 1 August 2023, is AED 36,000 a year: a gross yield of 7.8% on the 2023 price, before the service charge of about AED 12,400 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical one-bed in Masaar Residence
400K600K800K2013201720212025Typical sale price by year: 2013 AED 596,060; 2014 AED 806,520; 2015 AED 800,000; 2016 AED 669,733; 2023 AED 435,000; 2024 AED 505,000; 2025 AED 575,000Sold by developer, October 2013: AED 711,270 (AED 817 per sqft)Sold, October 2023: AED 460,000 (AED 528 per sqft)

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

Rents
Unit 302, each contractTypical one-bed in Masaar Residence
40K60K20152018202120242027Typical rent by year: 2015 AED 65,000; 2016 AED 65,000; 2017 AED 60,000; 2018 AED 52,145; 2019 AED 39,000; 2020 AED 36,000; 2021 AED 30,000; 2022 AED 35,500; 2023 AED 36,500; 2024 AED 48,000; 2025 AED 50,000; 2026 AED 56,000New contract, May 2015: AED 65,000 a yearNew contract, July 2017: AED 60,000 a yearNew contract, July 2018: AED 53,000 a yearNew contract, January 2020: AED 36,000 a yearNew contract, August 2021: AED 30,000 a yearNew contract, August 2022: AED 36,000 a yearRenewal, August 2023: AED 36,000 a year

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

1-beds in Masaar Residence, and where 302 sits

All 28 1-beds →

302 last sold in October 2023 at AED 528 per sqft, in line with what one-beds in Masaar Residence were fetching at the time (AED 530). Over the last 12 months one-beds sold for AED 635,000 to 640,000, around AED 772 per sqft, and rent for AED 50,000 to 75,000 a year. 302's AED 36,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Mar 2026640,000
11 Mar 2026635,000
10 Nov 2025590,000
20 Mar 2025690,000
2 1-bed sales in the last 12 months

Masaar Residence

Building

94 apartments, studios to 2-bed over 4 floors in Jumeirah Village Circle (JVC), completed in 2014 by Masaar Tower Properties Development. 11 sold in the last 12 months.

Typical price per sqft
AED 964 Up 22.0%
Typical sale
AED 500K
Typical rent
AED 55K /yr
Typical yield
7.9%
Masaar Residence, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 3rd floor

All 94 units in Masaar Residence
Value
3012-bedAED 975K · May 2015
3031-bedAED 845K · Jan 2015
3041-bedAED 720K · Mar 2016
305StudioAED 475K · Oct 2026
306StudioAED 420K · Jan 2025
307StudioAED 410K · Oct 2024
308StudioAED 425K · Oct 2013
1–7 of 20

302, Masaar Residence in numbers

  • Sold twice: first on 27 October 2013 for AED 711,270, last on 18 October 2023 for AED 460,000 (AED 528 per sqft).
  • Rented since May 2015 on 7 Ejari contracts. The rent fell from AED 65,000 to AED 30,000 in 2021 and recovered to AED 36,000 by August 2023.
  • At AED 36,000 a year the gross yield on the 2023 price is 7.8%, before a service charge of about AED 12,400 a year (AED 14.29 per sqft).
  • One-beds in Masaar Residence sold for AED 635,000–640,000 in the 12 months to November 2026; the building's median across all types is AED 964 per sqft.

Source: Dubai Land Department. Updated 18 October 2023.

Questions about 302, Masaar Residence

What did unit 302 last sell for?

AED 460,000 on 18 October 2023: AED 528 per sqft for 870 sqft. The unit has 2 registered sales; the first was AED 711,270 in October 2013.

What is the rent for unit 302?

AED 36,000 a year on the contract renewed on 1 August 2023. The previous contract, from August 2022, was AED 36,000; the unit has been rented since May 2015.

How big is unit 302?

870 sqft (80.8 sqm): a one-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2014.

What is unit 302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Masaar Residence sold for AED 635,000 to 640,000 in the last 12 months, around AED 772 per sqft.

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Mortgage on 302, Masaar Residence

Starts from the last sale price (AED 460K, 18 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 460,000
Deposit, UAE resident (20%)
AED 92,000
Deposit, non-resident (40%)
AED 184,000
Monthly over 25 years at 3.7%
AED 1,882

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