1-bed · 909 sqftBright Corner, Meydan City · 3rd floor · completed 2019

304, Bright Corner

Sold prices and rental history: sold once, by the developer in October 2020, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304 · DLD and Ejari recordsUpdated 15 February 2023
Last soldAED 910K14 October 2020
Current rentAED 50K /yr15 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 304, Bright Corner

What is 304 worth today?

Last sold for AED 910,000 in 2020

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15 Feb 2023RentedRenewal · flagged as an outlier
AED 50,000/yr12 months · AED 55 per sqft
15 Feb 2022RentedRenewal · flagged as an outlier
AED 50,000/yr12 months · AED 55 per sqft
15 Feb 2021RentedNew contract · flagged as an outlier
AED 55,000/yr12 months · AED 61 per sqft
15 Feb 2021RentedNew contract · flagged as an outlier
AED 55,000/yr12 months · AED 61 per sqft
14 Oct 2020Sold by developerReady
AED 910,000AED 1,000 per sqft
19 Jan 2020RentedNew contract · flagged as an outlier
AED 60,000/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 15 February 2023.

Key facts

Type
1-bed apartment
Size
909 sqft
Floor
3rd of 4
Parking
G-26
Developer
Fandah Palace Development
Completed
2019
Service charge
AED 13,900 /yr
Last sold
AED 910K · October 2020

About 304, Bright Corner

304 is a one-bedroom apartment of 909 sqft on the 3rd 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 910,000, or AED 1,000 per sqft, 10% below the AED 1,106 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 15 February 2023, is AED 50,000 a year: a gross yield of 5.5% on the 2020 price, before the service charge of about AED 13,900 a year.

Sales and rents for 304 over time

Rents
Unit 304, each contractTypical one-bed in Bright Corner
60K70K20232024202520262027Typical rent by year: 2023 AED 58,000; 2024 AED 58,000; 2025 AED 75,000; 2026 AED 74,000

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Bright Corner, and where 304 sits

All 18 1-beds →

304 last sold in October 2020 at AED 1,000 per sqft, 10% below what one-beds in Bright Corner were fetching at the time (AED 1,106). Over the last 12 months one-beds sold for AED 465,000, around AED 1,172 per sqft, and rent for AED 63,250 to 80,000 a year. 304's AED 50,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
28 Nov 2025465,000
7 Dec 2020797,390
6 Dec 2020905,780
6 Dec 2020909,340
1 1-bed sale in the last 12 months

Bright Corner

Building

40 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%
Bright Corner, Meydan City: prices, sales and rents →

Other units on the 3rd floor

All 40 units in Bright Corner
Value
3012-bedNo registered sale
3022-bedAED 1.5M · Nov 2019
3032-bedAED 1.11M · Dec 2020
3051-bedAED 797K · Dec 2020
3061-bedAED 906K · Nov 2020
3071-bedNo registered sale
3081-bedNo registered sale
1–7 of 11

304, Bright Corner in numbers

  • Sold once: by Fandah Palace Development on 14 October 2020 for AED 910,000, or AED 1,000 per sqft.
  • Rented since January 2020 on 5 Ejari contracts, from AED 60,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2020 price is 5.5%, before a service charge of about AED 13,900 a year (AED 15.33 per sqft).
  • One-beds in Bright Corner sold for AED 465,000–465,000 in the 12 months to November 2026; the building's median across all types is AED 1,172 per sqft.

Source: Dubai Land Department. Updated 15 February 2023.

Questions about 304, Bright Corner

What did unit 304 last sell for?

AED 910,000 on 14 October 2020, sold by the developer: AED 1,000 per sqft for 909 sqft. It is the only registered sale of the unit.

What is the rent for unit 304?

AED 50,000 a year on the contract renewed on 15 February 2023. The previous contract, from February 2022, was AED 50,000; the unit has been rented since January 2020.

How big is unit 304?

909 sqft (84.4 sqm): a one-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2019.

What is unit 304 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Bright Corner sold for AED 465,000 to 465,000 in the last 12 months, around AED 1,172 per sqft.

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Mortgage on 304, Bright Corner

Starts from the last sale price (AED 910K, 14 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 910,000
Deposit, UAE resident (20%)
AED 182,000
Deposit, non-resident (40%)
AED 364,000
Monthly over 25 years at 3.7%
AED 3,723

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