2-bed · 1,185 sqftResidential Building - Croesus Holding Limited, Majan · 6th floor

602, Residential Building - Croesus Holding Limited

Sold prices and rental history: sold twice, last in October 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 25 October 2024
Last soldAED 1M25 October 2024
Current rentAED 80K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 602, Residential Building - Croesus Holding Limited

What is 602 worth today?

Last sold for AED 1,000,000 in 2024

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25 Oct 2024SoldReady
AED 1,000,000AED 843 per sqft
1 Jul 2024RentedNew contract
AED 80,000/yr12 months · AED 68 per sqft
10 Apr 2023RentedNew contract
AED 70,000/yr12 months · AED 59 per sqft
13 Mar 2023Sold by developerReady
AED 2,470,000AED 2,083 per sqft

Source: Dubai Land Department. Updated 25 October 2024.

Key facts

Type
2-bed apartment
Size
1,185 sqft
Floor
6th of 6
Parking
B2-23
Service charge
AED 19,400 /yr
Last sold
AED 1M · October 2024

About 602, Residential Building - Croesus Holding Limited

602 is a two-bedroom apartment of 1,185 sqft on the 6th floor of Residential Building - Croesus Holding Limited, a 6-storey tower in Majan. It last sold on 25 October 2024 for AED 1,000,000, or AED 843 per sqft, in line with the AED 843 two-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 July 2024, is AED 80,000 a year: a gross yield of 8.0% on the 2024 price, before the service charge of about AED 19,400 a year.

Sales and rents for 602 over time

Sales
Unit 602, each saleTypical two-bed in Residential Building - Croesus Holding Limited
1M2M2020202220242026Typical 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, March 2023: AED 2,470,000 (AED 2,083 per sqft)Sold, October 2024: AED 1,000,000 (AED 843 per sqft)

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

Rents
Unit 602, 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, April 2023: AED 70,000 a yearNew contract, July 2024: AED 80,000 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 602 sits

All 36 2-beds →

602 last sold in October 2024 at AED 843 per sqft, in line with what two-beds in Residential Building - Croesus Holding Limited were fetching at the time (AED 843). 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. 602's AED 80,000 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
6012-bedAED 790K · Oct 2022
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

602, Residential Building - Croesus Holding Limited in numbers

  • Sold twice: first on 13 March 2023 for AED 2,470,000, last on 25 October 2024 for AED 1,000,000 (AED 843 per sqft).
  • Rented since April 2023 on 2 Ejari contracts, from AED 70,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2024 price is 8.0%, before a service charge of about AED 19,400 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 2024.

Questions about 602, Residential Building - Croesus Holding Limited

What did unit 602 last sell for?

AED 1,000,000 on 25 October 2024: AED 843 per sqft for 1,185 sqft. The unit has 2 registered sales; the first was AED 2,470,000 in March 2023.

What is the rent for unit 602?

AED 80,000 a year on the contract signed on 1 July 2024. The previous contract, from April 2023, was AED 70,000.

How big is unit 602?

1,185 sqft (110.1 sqm): a two-bedroom apartment on the 6th floor of a 6-storey tower.

What is unit 602 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 602, Residential Building - Croesus Holding Limited

Starts from the last sale price (AED 1M, 25 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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