2-bed · 1,177 sqftResidential Building - Croesus Holding Limited, Majan · 5th floor

504, Residential Building - Croesus Holding Limited

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

Unit 504 · DLD and Ejari recordsUpdated 3 December 2024
Last soldAED 950K31 January 2024
Current rentAED 90K /yr3 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, Residential Building - Croesus Holding Limited

What is 504 worth today?

Last sold for AED 950,000 in 2024

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3 Dec 2024RentedNew contract
AED 90,000/yr12 months · AED 77 per sqft
3 Mar 2024RentedNew contract
AED 80,000/yr12 months · AED 68 per sqft
31 Jan 2024SoldReady
AED 950,000AED 807 per sqft
3 Nov 2020Sold by developerReady
AED 447,150AED 380 per sqft

Source: Dubai Land Department. Updated 3 December 2024.

Key facts

Type
2-bed apartment
Size
1,177 sqft
Floor
5th of 6
Parking
B2-17
Service charge
AED 19,300 /yr
Last sold
AED 950K · January 2024

About 504, Residential Building - Croesus Holding Limited

504 is a two-bedroom apartment of 1,177 sqft on the 5th floor of Residential Building - Croesus Holding Limited, a 6-storey tower in Majan. It last sold on 31 January 2024 for AED 950,000, or AED 807 per sqft, in line with the AED 807 two-beds in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 3 December 2024, is AED 90,000 a year: a gross yield of 9.5% on the 2024 price, before the service charge of about AED 19,300 a year.

Sales and rents for 504 over time

Sales
Unit 504, 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, November 2020: AED 447,150 (AED 380 per sqft)Sold, January 2024: AED 950,000 (AED 807 per sqft)

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

Rents
Unit 504, 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, March 2024: AED 80,000 a yearNew contract, December 2024: AED 90,000 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 504 sits

All 36 2-beds →

504 last sold in January 2024 at AED 807 per sqft, in line with what two-beds in Residential Building - Croesus Holding Limited were fetching at the time (AED 807). 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. 504's AED 90,000 is in the upper 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
5012-bedAED 1.26M · Sep 2024
5022-bedAED 950K · Feb 2024
5031-bedAED 750K · Mar 2024
5052-bedAED 958K · Jan 2024
5062-bedAED 1.23M · Mar 2026
5071-bedAED 752K · Mar 2024
5082-bedAED 960K · Nov 2023

504, Residential Building - Croesus Holding Limited in numbers

  • Sold twice: first on 3 November 2020 for AED 447,150, last on 31 January 2024 for AED 950,000 (AED 807 per sqft).
  • Rented since March 2024 on 2 Ejari contracts, from AED 80,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2024 price is 9.5%, before a service charge of about AED 19,300 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 3 December 2024.

Questions about 504, Residential Building - Croesus Holding Limited

What did unit 504 last sell for?

AED 950,000 on 31 January 2024: AED 807 per sqft for 1,177 sqft. The unit has 2 registered sales; the first was AED 447,150 in November 2020.

What is the rent for unit 504?

AED 90,000 a year on the contract signed on 3 December 2024. The previous contract, from March 2024, was AED 80,000.

How big is unit 504?

1,177 sqft (109.3 sqm): a two-bedroom apartment on the 5th floor of a 6-storey tower.

What is unit 504 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 504, Residential Building - Croesus Holding Limited

Starts from the last sale price (AED 950K, 31 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 950,000
Deposit, UAE resident (20%)
AED 190,000
Deposit, non-resident (40%)
AED 380,000
Monthly over 25 years at 3.7%
AED 3,887

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