2-bed · 1,450 sqftResidential Building - Croesus Holding Limited, Majan · 6th floor

601, Residential Building - Croesus Holding Limited

Sold prices and rental history: sold once, by the developer in October 2022, and rented once, from May 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 25 October 2022
Last soldAED 790K25 October 2022
Current rentAED 55K /yr1 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 601, Residential Building - Croesus Holding Limited

What is 601 worth today?

Last sold for AED 790,000 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

25 Oct 2022Sold by developerReady
AED 790,000AED 544 per sqft
1 May 2021RentedNew contract
AED 55,000/yr12 months · AED 38 per sqft

Source: Dubai Land Department. Updated 25 October 2022.

Key facts

Type
2-bed apartment
Size
1,450 sqft
Floor
6th of 6
Parking
B2-22
Service charge
AED 23,700 /yr
Last sold
AED 790K · October 2022

About 601, Residential Building - Croesus Holding Limited

601 is a two-bedroom apartment of 1,450 sqft on the 6th floor of Residential Building - Croesus Holding Limited, a 6-storey tower in Majan. The developer sold it on 25 October 2022 for AED 790,000, or AED 544 per sqft, 14% below the AED 629 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 May 2021. The current contract, signed on 1 May 2021, is AED 55,000 a year: a gross yield of 7.0% on the 2022 price, before the service charge of about AED 23,700 a year.

Sales and rents for 601 over time

Sales
Unit 601, 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, October 2022: AED 790,000 (AED 544 per sqft)

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

Rents
Unit 601, 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, May 2021: AED 55,000 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 601 sits

All 36 2-beds →

601 last sold in October 2022 at AED 544 per sqft, 14% below what two-beds in Residential Building - Croesus Holding Limited were fetching at the time (AED 629). 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. 601's AED 55,000 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
6022-bedAED 1M · Oct 2024
6031-bedAED 750K · Jun 2024
6042-bedAED 900K · Feb 2023
6052-bedAED 800K · Jun 2022
6062-bedAED 675K · Jul 2021
6071-bedAED 900K · Dec 2022
6082-bedAED 1M · Nov 2024

601, Residential Building - Croesus Holding Limited in numbers

  • Sold once: by the developer on 25 October 2022 for AED 790,000, or AED 544 per sqft.
  • Rented since May 2021 on one Ejari contract, at AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2022 price is 7.0%, 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 25 October 2022.

Questions about 601, Residential Building - Croesus Holding Limited

What did unit 601 last sell for?

AED 790,000 on 25 October 2022, sold by the developer: AED 544 per sqft for 1,450 sqft. It is the only registered sale of the unit.

What is the rent for unit 601?

AED 55,000 a year on the contract signed on 1 May 2021.

How big is unit 601?

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

What is unit 601 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.

Selling 601? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 601, Residential Building - Croesus Holding Limited

Starts from the last sale price (AED 790K, 25 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 790,000
Deposit, UAE resident (20%)
AED 158,000
Deposit, non-resident (40%)
AED 316,000
Monthly over 25 years at 3.7%
AED 3,232

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