409, The Alcove
Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 409, The Alcove
What is 409 worth today?
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Source: Dubai Land Department. Updated 30 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 2,574 sqft
- Floor
- 4th of 5
- Parking
- B-04
- Developer
- Grovy Real Estate Development
- Completed
- 2018
- Service charge
- AED 36,300 /yr
- Last sold
- AED 1.2M · May 2024
- Building
- The Alcove
About 409, The Alcove
409 is a two-bedroom apartment of 2,574 sqft on the 4th floor of The Alcove, a 5-storey tower in Jumeirah Village Circle (JVC) completed in 2018 by Grovy Real Estate Development . It last sold on 30 May 2024 for AED 1,200,000, or AED 466 per sqft.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 1 November 2023, is AED 95,000 a year: a gross yield of 7.9% on the 2024 price, before the service charge of about AED 36,300 a year.
Sales and rents for 409 over time
409 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in The Alcove, and where 409 sits
All 15 2-beds →Over the last 12 months two-beds sold for AED 1,350,000 to 1,450,000, around AED 690 per sqft, and rent for AED 93,000 to 95,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Aug 20265 August 2026 | 1,999 sqft | 1,350,000 | 675 | ||
| 27 Feb 202627 February 2026 | 2,060 sqft | 1,450,000 | 704 | ||
| 20 Jun 202520 June 2025 | 2,085 sqft | 1,360,000 | 652 | ||
| 13 May 202513 May 2025 | 1,280 sqft | 1,260,000 | 984 |
The Alcove
Building80 apartments, studios to 2-bed over 5 floors in Jumeirah Village Circle (JVC), completed in 2018 by Grovy Real Estate Development . 7 sold in the last 12 months.
- Typical price per sqft
- AED 883
- Typical sale
- AED 820K
- Typical rent
- AED 72K /yr
- Typical yield
- 8.5%
Other units on the 4th floor
All 80 units in The Alcove| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 904 sqft | AED 750KAED 750,000 · May 2023May 2023 | 50,000 /yr | |
| 402 | 1-bed | 860 sqft | AED 817KAED 817,377 · May 2018May 2018 | 65,000 /yr | |
| 403 | 1-bed | 1,183 sqft | AED 1MAED 1,003,393 · Sep 2017September 2017 | 85,000 /yr | |
| 404 | 1-bed | 849 sqft | AED 764KAED 764,370 · Apr 2018April 2018 | 60,000 /yr | |
| 405 | 2-bed | 1,280 sqft | AED 1.2MAED 1,200,000 · Jul 2018July 2018 | ||
| 406 | 1-bed | 970 sqft | AED 920KAED 920,000 · Apr 2026April 2026 | 55,963 /yr | |
| 407 | 2-bed | 1,914 sqft | AED 1.18MAED 1,180,000 · Feb 2023February 2023 | ||
| 408 | 2-bed | 1,755 sqft | AED 1.35MAED 1,345,498 · Sep 2017September 2017 | ||
| 410 | 2-bed | 1,792 sqft | AED 1.25MAED 1,245,000 · Jul 2024July 2024 | ||
| 411 | 2-bed | 1,550 sqft | AED 1.29MAED 1,287,553 · Sep 2017September 2017 |
409, The Alcove in numbers
- Sold twice: first on 11 July 2017 for AED 1,463,578, last on 30 May 2024 for AED 1,200,000 (AED 466 per sqft).
- Rented since July 2018 on 5 Ejari contracts. The rent fell from AED 95,000 to AED 73,846 in 2019 and recovered to AED 95,000 by November 2023.
- At AED 95,000 a year the gross yield on the 2024 price is 7.9%, before a service charge of about AED 36,300 a year (AED 14.09 per sqft).
- Two-beds in The Alcove sold for AED 1,350,000–1,450,000 in the 12 months to November 2026; the building's median across all types is AED 883 per sqft.
Source: Dubai Land Department. Updated 30 May 2024.
Questions about 409, The Alcove
What did unit 409 last sell for?
AED 1,200,000 on 30 May 2024: AED 466 per sqft for 2,574 sqft. The unit has 2 registered sales; the first was AED 1,463,578 in July 2017.
What is the rent for unit 409?
AED 95,000 a year on the contract signed on 1 November 2023. The previous contract, from August 2022, was AED 82,000; the unit has been rented since July 2018.
How big is unit 409?
2,574 sqft (239.1 sqm): a two-bedroom apartment on the 4th floor of a 5-storey tower completed in 2018.
What is unit 409 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Alcove sold for AED 1,350,000 to 1,450,000 in the last 12 months, around AED 690 per sqft.
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Mortgage on 409, The Alcove
Starts from the last sale price (AED 1.2M, 30 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,200,000
- Deposit, UAE resident (20%)
- AED 240,000
- Deposit, non-resident (40%)
- AED 480,000
- Monthly over 25 years at 3.7%
- AED 4,910
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →