408, Masaar Residence
Sold prices and rental history: sold 3 times, last in February 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Masaar Residence
What is 408 worth today?
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Source: Dubai Land Department. Updated 7 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 952 sqft
- Floor
- 4th of 4
- Parking
- G-9
- Developer
- Masaar Tower Properties Development
- Completed
- 2014
- Service charge
- AED 13,600 /yr
- Last sold
- AED 465K · February 2024
- Building
- Masaar Residence
About 408, Masaar Residence
408 is a studio of 952 sqft on the 4th 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 15 February 2024 for AED 465,000, or AED 488 per sqft, 19% below the AED 602 studios in the building were fetching at the time.
It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 7 October 2026, is AED 60,000 a year: a gross yield of 12.9% on the 2024 price, before the service charge of about AED 13,600 a year.
Sales and rents for 408 over time
408 has sold 3 times; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Masaar Residence, and where 408 sits
All 56 studios →408 last sold in February 2024 at AED 488 per sqft, 19% below what studios in Masaar Residence were fetching at the time (AED 602). Over the last 12 months studios sold for AED 73,382 to 715,000, around AED 996 per sqft, and rent for AED 33,000 to 69,600 a year. 408's AED 60,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Oct 202627 October 2026 | 492 sqft | 475,000 | 964 | ||
| 3 Sep 20263 September 2026 | 517 sqft | 450,000 | 870 | ||
| 2 Sep 20262 September 2026 | 591 sqft | 715,000 | 1,210 | ||
| 13 May 202613 May 2026 | 483 sqft | 490,000 | 1,013 |
Masaar Residence
Building94 apartments, studios to 2-bed over 4 floors in Jumeirah Village Circle (JVC), completed in 2014 by Masaar Tower Properties Development. 12 sold in the last 12 months.
- Typical price per sqft
- AED 939 Up 13.5%
- Typical sale
- AED 500K
- Typical rent
- AED 55K /yr
- Typical yield
- 8.1%
Other units on the 4th floor
All 94 units in Masaar Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 1,441 sqft | AED 480KAED 480,000 · Nov 2020November 2020 | 95,000 /yr | |
| 402 | Studio | 562 sqft | AED 360KAED 360,000 · May 2024May 2024 | 41,000 /yr | |
| 403 | 1-bed | 1,433 sqft | AED 690KAED 690,000 · Mar 2025March 2025 | 45,000 /yr | |
| 404 | Studio | 494 sqft | AED 442KAED 442,125 · Jan 2015January 2015 | 40,000 /yr | |
| 405 | Studio | 483 sqft | AED 430KAED 430,000 · Jan 2025January 2025 | 60,000 /yr | |
| 406 | Studio | 80 sqft | AED 73KAED 73,382 · Dec 2025December 2025 | 42,000 /yr | |
| 407 | Studio | 485 sqft | AED 490KAED 490,000 · Oct 2015October 2015 | ||
| 409 | Studio | 986 sqft | AED 340KAED 340,000 · Mar 2023March 2023 | 52,000 /yr | |
| 410 | Studio | 483 sqft | AED 485KAED 485,000 · Feb 2017February 2017 | 30,000 /yr | |
| 411 | Studio | 482 sqft | AED 470KAED 470,000 · Sep 2016September 2016 | 44,000 /yr | |
| 412 | Studio | 483 sqft | AED 455KAED 455,400 · Mar 2014March 2014 | 23,000 /yr | |
| 413 | Studio | 492 sqft | AED 410KAED 410,000 · Mar 2025March 2025 | 55,000 /yr | |
| 414 | 1-bed | 1,607 sqft | AED 575KAED 575,000 · Oct 2023October 2023 | 56,000 /yr | |
| 415 | Studio | 632 sqft | AED 360KAED 360,000 · Nov 2023November 2023 | 66,000 /yr | |
| 416 | 1-bed | 1,492 sqft | AED 530KAED 530,000 · Jun 2024June 2024 | 45,000 /yr |
408, Masaar Residence in numbers
- Sold 3 times: first on 20 January 2015 for AED 675,000, last on 15 February 2024 for AED 465,000 (AED 488 per sqft).
- Rented since April 2016 on 7 Ejari contracts. The rent fell from AED 60,000 to AED 30,000 in 2022 and recovered to AED 60,000 by October 2026.
- At AED 60,000 a year the gross yield on the 2024 price is 12.9%, before a service charge of about AED 13,600 a year (AED 14.29 per sqft).
- Studios in Masaar Residence sold for AED 73,382–715,000 in the 12 months to November 2026; the building's median across all types is AED 939 per sqft.
Source: Dubai Land Department. Updated 7 October 2026.
Questions about 408, Masaar Residence
What did unit 408 last sell for?
AED 465,000 on 15 February 2024: AED 488 per sqft for 952 sqft. The unit has 3 registered sales; the first was AED 675,000 in January 2015.
What is the rent for unit 408?
AED 60,000 a year on the contract signed on 7 October 2026. The previous contract, from July 2024, was AED 46,000; the unit has been rented since April 2016.
How big is unit 408?
952 sqft (88.4 sqm): a studio on the 4th floor of a 4-storey tower completed in 2014.
What is unit 408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Masaar Residence sold for AED 73,382 to 715,000 in the last 12 months, around AED 996 per sqft.
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Mortgage on 408, Masaar Residence
Starts from the last sale price (AED 465K, 15 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 465,000
- Deposit, UAE resident (20%)
- AED 93,000
- Deposit, non-resident (40%)
- AED 186,000
- Monthly over 25 years at 3.7%
- AED 1,902
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →