2-bed · 2,501 sqftBright Corner, Meydan City · 4th floor · completed 2019

402, Bright Corner

Sold prices and rental history: no registered sale, and rented once, from June 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 12 June 2020
Current rentAED 95K /yr12 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Bright Corner

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12 Jun 2020RentedNew contract · flagged as an outlier
AED 95,000/yr12 months · AED 38 per sqft

Source: Dubai Land Department. Updated 12 June 2020.

Key facts

Type
2-bed apartment
Size
2,501 sqft
Floor
4th of 4
Parking
G-36
Developer
Fandah Palace Development
Completed
2019
Service charge
AED 38,300 /yr
Last sold
No registered sale

About 402, Bright Corner

402 is a two-bedroom apartment of 2,501 sqft on the 4th floor of Bright Corner, a 4-storey tower in Meydan City completed in 2019 by Fandah Palace Development . No sale of the unit is registered with the Dubai Land Department.

One Ejari contract is registered, from 12 June 2020. The current contract, signed on 12 June 2020, is AED 95,000 a year, before the service charge of about AED 38,300 a year.

Sales and rents for 402 over time

Rents
Unit 402, each contractTypical two-bed in Bright Corner
80K100K202220242026Typical rent by year: 2022 AED 80,000; 2023 AED 85,000; 2024 AED 105,000; 2025 AED 105,000; 2026 AED 100,000

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 402 sits

All 22 2-beds →

402's AED 95,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Dec 20201,107,070
6 Dec 20201,247,430
6 Dec 20201,250,000
6 Dec 20201,250,000
0 2-bed sales 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 4th floor

All 40 units in Bright Corner
Value
4012-bedAED 1.9M · Feb 2018
4032-bedAED 1.66M · Nov 2020
4042-bedAED 1.67M · Nov 2019

402, Bright Corner in numbers

  • No sale of the unit is registered with the Dubai Land Department.
  • Rented since June 2020 on one Ejari contract, at AED 95,000 a year.

Source: Dubai Land Department. Updated 12 June 2020.

Questions about 402, Bright Corner

What is the rent for unit 402?

AED 95,000 a year on the contract signed on 12 June 2020.

How big is unit 402?

2,501 sqft (232.4 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower completed in 2019.

What is unit 402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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