2-bed · 1,450 sqftResidential Building - Croesus Holding Limited, Majan · 4th floor

401, Residential Building - Croesus Holding Limited

Sold prices and rental history: sold twice, last in August 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 8 August 2024
Last soldAED 1.05M8 August 2024
Current rentAED 62K /yr5 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, Residential Building - Croesus Holding Limited

What is 401 worth today?

Last sold for AED 1,050,000 in 2024

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8 Aug 2024SoldReady
AED 1,050,000AED 724 per sqft
5 Nov 2023RentedRenewal
AED 61,950/yr12 months · AED 43 per sqft
5 Nov 2022RentedNew contract
AED 59,000/yr12 months · AED 41 per sqft
5 Nov 2021RentedNew contract
AED 57,000/yr12 months · AED 39 per sqft
12 Sep 2021Sold by developerReady
AED 899,000AED 620 per sqft

Source: Dubai Land Department. Updated 8 August 2024.

Key facts

Type
2-bed apartment
Size
1,450 sqft
Floor
4th of 6
Parking
B2-06
Service charge
AED 23,700 /yr
Last sold
AED 1.05M · August 2024

About 401, Residential Building - Croesus Holding Limited

401 is a two-bedroom apartment of 1,450 sqft on the 4th floor of Residential Building - Croesus Holding Limited, a 6-storey tower in Majan. It last sold on 8 August 2024 for AED 1,050,000, or AED 724 per sqft, 11% below the AED 816 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 5 November 2023, is AED 61,950 a year: a gross yield of 5.9% on the 2024 price, before the service charge of about AED 23,700 a year.

Sales and rents for 401 over time

Sales
Unit 401, each saleTypical two-bed in Residential Building - Croesus Holding Limited
500K1M2020202220242026Typical sale price by year: 2020 AED 449,563; 2021 AED 725,000; 2022 AED 795,000; 2023 AED 1,000,000; 2024 AED 1,050,000; 2025 AED 1,072,500Sold by developer, September 2021: AED 899,000 (AED 620 per sqft)Sold, August 2024: AED 1,050,000 (AED 724 per sqft)

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

Rents
Unit 401, each contractTypical two-bed in Residential Building - Croesus Holding Limited
50K75K100K2021202320252027Typical rent by year: 2021 AED 55,000; 2022 AED 58,375; 2023 AED 64,500; 2024 AED 82,500; 2025 AED 100,000; 2026 AED 87,500New contract, November 2021: AED 57,000 a yearNew contract, November 2022: AED 59,000 a yearRenewal, November 2023: AED 61,950 a year

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

2-beds in Residential Building - Croesus Holding Limited, and where 401 sits

All 36 2-beds →

401 last sold in August 2024 at AED 724 per sqft, 11% below what two-beds in Residential Building - Croesus Holding Limited were fetching at the time (AED 816). Over the last 12 months two-beds sold for AED 1,225,000, around AED 1,040 per sqft, and rent for AED 55,000 to 103,846 a year. 401's AED 61,950 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
31 Mar 20261,225,000
3 Apr 20251,075,000
31 Jan 20251,070,000
29 Jan 20251,050,000
1 2-bed sale in the last 12 months

Residential Building - Croesus Holding Limited

Building

48 apartments, 1-bed to 2-bed over 6 floors in Majan. 1 sold in the last 12 months.

Typical price per sqft
AED 1,040
Typical sale
AED 1.23M
Typical rent
AED 87K /yr
Typical yield
6.6%
Residential Building - Croesus Holding Limited, Majan: prices, sales and rents →
Value
4022-bedAED 645K · Feb 2021
4031-bedAED 448K · Dec 2020
4042-bedAED 1.13M · Nov 2024
4052-bedAED 740K · Jul 2021
4062-bedAED 840K · Dec 2022
4071-bedAED 448K · Dec 2020
4082-bedAED 634K · Feb 2021

401, Residential Building - Croesus Holding Limited in numbers

  • Sold twice: first on 12 September 2021 for AED 899,000, last on 8 August 2024 for AED 1,050,000 (AED 724 per sqft).
  • Rented since November 2021 on 3 Ejari contracts, from AED 57,000 to AED 61,950 a year.
  • At AED 61,950 a year the gross yield on the 2024 price is 5.9%, before a service charge of about AED 23,700 a year (AED 16.37 per sqft).
  • Two-beds in Residential Building - Croesus Holding Limited sold for AED 1,225,000–1,225,000 in the 12 months to November 2026; the building's median across all types is AED 1,040 per sqft.

Source: Dubai Land Department. Updated 8 August 2024.

Questions about 401, Residential Building - Croesus Holding Limited

What did unit 401 last sell for?

AED 1,050,000 on 8 August 2024: AED 724 per sqft for 1,450 sqft. The unit has 2 registered sales; the first was AED 899,000 in September 2021.

What is the rent for unit 401?

AED 61,950 a year on the contract renewed on 5 November 2023. The previous contract, from November 2022, was AED 59,000; the unit has been rented since November 2021.

How big is unit 401?

1,450 sqft (134.7 sqm): a two-bedroom apartment on the 4th floor of a 6-storey tower.

What is unit 401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Residential Building - Croesus Holding Limited sold for AED 1,225,000 to 1,225,000 in the last 12 months, around AED 1,040 per sqft.

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Mortgage on 401, Residential Building - Croesus Holding Limited

Starts from the last sale price (AED 1.05M, 8 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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