2-bed · 1,253 sqftResidential Building - Croesus Holding Limited, Majan · 4th floor

405, Residential Building - Croesus Holding Limited

Sold prices and rental history: sold once, by the developer in July 2021, and rented once, from September 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 405 · DLD and Ejari recordsUpdated 1 September 2021
Last soldAED 740K14 July 2021
Current rentAED 50K /yr1 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 405, Residential Building - Croesus Holding Limited

What is 405 worth today?

Last sold for AED 740,000 in 2021

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1 Sep 2021RentedNew contract
AED 50,000/yr12 months · AED 40 per sqft
14 Jul 2021Sold by developerReady
AED 740,000AED 590 per sqft

Source: Dubai Land Department. Updated 1 September 2021.

Key facts

Type
2-bed apartment
Size
1,253 sqft
Floor
4th of 6
Parking
B2-10
Service charge
AED 20,500 /yr
Last sold
AED 740K · July 2021

About 405, Residential Building - Croesus Holding Limited

405 is a two-bedroom apartment of 1,253 sqft on the 4th floor of Residential Building - Croesus Holding Limited, a 6-storey tower in Majan. The developer sold it on 14 July 2021 for AED 740,000, or AED 590 per sqft, 55% above the AED 380 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 September 2021. The current contract, signed on 1 September 2021, is AED 50,000 a year: a gross yield of 6.8% on the 2021 price, before the service charge of about AED 20,500 a year.

Sales and rents for 405 over time

Sales
Unit 405, 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, July 2021: AED 740,000 (AED 590 per sqft)

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

Rents
Unit 405, 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, September 2021: AED 50,000 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 405 sits

All 36 2-beds →

405 last sold in July 2021 at AED 590 per sqft, 55% above what two-beds in Residential Building - Croesus Holding Limited were fetching at the time (AED 380). 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. 405's AED 50,000 is at the bottom 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
4012-bedAED 1.05M · Aug 2024
4022-bedAED 645K · Feb 2021
4031-bedAED 448K · Dec 2020
4042-bedAED 1.13M · Nov 2024
4062-bedAED 840K · Dec 2022
4071-bedAED 448K · Dec 2020
4082-bedAED 634K · Feb 2021

405, Residential Building - Croesus Holding Limited in numbers

  • Sold once: by the developer on 14 July 2021 for AED 740,000, or AED 590 per sqft.
  • Rented since September 2021 on one Ejari contract, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2021 price is 6.8%, before a service charge of about AED 20,500 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 1 September 2021.

Questions about 405, Residential Building - Croesus Holding Limited

What did unit 405 last sell for?

AED 740,000 on 14 July 2021, sold by the developer: AED 590 per sqft for 1,253 sqft. It is the only registered sale of the unit.

What is the rent for unit 405?

AED 50,000 a year on the contract signed on 1 September 2021.

How big is unit 405?

1,253 sqft (116.4 sqm): a two-bedroom apartment on the 4th floor of a 6-storey tower.

What is unit 405 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 405, Residential Building - Croesus Holding Limited

Starts from the last sale price (AED 740K, 14 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 740,000
Deposit, UAE resident (20%)
AED 148,000
Deposit, non-resident (40%)
AED 296,000
Monthly over 25 years at 3.7%
AED 3,028

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