112, Bright Corner
Sold prices and rental history: sold once, by the developer in October 2020, and rented once, from May 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 112, Bright Corner
What is 112 worth today?
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Source: Dubai Land Department. Updated 14 October 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 1,247 sqft
- Floor
- 1st of 4
- Parking
- G-11
- Developer
- Fandah Palace Development
- Completed
- 2019
- Service charge
- AED 19,100 /yr
- Last sold
- AED 1.25M · October 2020
- Building
- Bright Corner
About 112, Bright Corner
112 is a two-bedroom apartment of 1,247 sqft on the 1st floor of Bright Corner, a 4-storey tower in Meydan City completed in 2019 by Fandah Palace Development . The developer sold it on 14 October 2020 for AED 1,250,000, or AED 1,002 per sqft, in line with the AED 1,004 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 10 May 2020. The current contract, signed on 10 May 2020, is AED 59,679 a year: a gross yield of 4.8% on the 2020 price, before the service charge of about AED 19,100 a year.
Sales and rents for 112 over time
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Bright Corner, and where 112 sits
All 22 2-beds →112 last sold in October 2020 at AED 1,002 per sqft, in line with what two-beds in Bright Corner were fetching at the time (AED 1,004). 112's AED 59,679 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Dec 20207 December 2020 | 1,107 sqft | 1,107,070 | 999 | ||
| 6 Dec 20206 December 2020 | 1,247 sqft | 1,247,430 | 1,000 | ||
| 6 Dec 20206 December 2020 | 1,244 sqft | 1,250,000 | 1,004 | ||
| 6 Dec 20206 December 2020 | 1,247 sqft | 1,250,000 | 1,002 |
Bright Corner
Building40 apartments, 1-bed to 2-bed over 4 floors in Meydan City, completed in 2019 by Fandah Palace Development . 1 sold in the last 12 months.
- Typical price per sqft
- AED 1,172
- Typical sale
- AED 465K
- Typical rent
- AED 90K /yr
- Typical yield
- 7.2%
Other units on the 1st floor
All 40 units in Bright Corner| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 2-bed | 1,247 sqft | AED 1.25MAED 1,247,430 · Dec 2020December 2020 | 110,000 /yr | |
| 102 | 2-bed | 1,244 sqft | AED 1.47MAED 1,470,000 · Mar 2020March 2020 | ||
| 103 | 2-bed | 1,107 sqft | No registered sale | 100,000 /yr | |
| 104 | 1-bed | 909 sqft | AED 910KAED 910,000 · Dec 2020December 2020 | 80,000 /yr | |
| 105 | 1-bed | 793 sqft | No registered sale | 66,990 /yr | |
| 106 | 1-bed | 906 sqft | AED 910KAED 910,000 · Oct 2020October 2020 | 55,000 /yr | |
| 107 | 1-bed | 904 sqft | No registered sale | 75,000 /yr | |
| 108 | 1-bed | 793 sqft | AED 797KAED 797,390 · Dec 2020December 2020 | 50,000 /yr | |
| 109 | 1-bed | 909 sqft | AED 909KAED 909,340 · Dec 2020December 2020 | 80,000 /yr | |
| 110 | 2-bed | 1,107 sqft | No registered sale | 100,000 /yr | |
| 111 | 2-bed | 1,244 sqft | AED 1.25MAED 1,250,000 · Dec 2020December 2020 | 97,750 /yr |
112, Bright Corner in numbers
- Sold once: by Fandah Palace Development on 14 October 2020 for AED 1,250,000, or AED 1,002 per sqft.
- Rented since May 2020 on one Ejari contract, at AED 59,679 a year.
- At AED 59,679 a year the gross yield on the 2020 price is 4.8%, before a service charge of about AED 19,100 a year (AED 15.33 per sqft).
Source: Dubai Land Department. Updated 14 October 2020.
Questions about 112, Bright Corner
What did unit 112 last sell for?
AED 1,250,000 on 14 October 2020, sold by the developer: AED 1,002 per sqft for 1,247 sqft. It is the only registered sale of the unit.
What is the rent for unit 112?
AED 59,679 a year on the contract signed on 10 May 2020.
How big is unit 112?
1,247 sqft (115.9 sqm): a two-bedroom apartment on the 1st floor of a 4-storey tower completed in 2019.
What is unit 112 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 112, Bright Corner
Starts from the last sale price (AED 1.25M, 14 October 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,250,000
- Deposit, UAE resident (20%)
- AED 250,000
- Deposit, non-resident (40%)
- AED 500,000
- Monthly over 25 years at 3.7%
- AED 5,114
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →