1-bed · 618 sqftFlamingo Residence, Meydan City · 1st floor

101, Flamingo Residence

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

Unit 101 · DLD and Ejari recordsUpdated 25 September 2024
Last soldAED 637K15 June 2022
Current rentAED 75K /yr25 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 101, Flamingo Residence

What is 101 worth today?

Last sold for AED 636,540 in 2022

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25 Sep 2024RentedNew contract
AED 75,000/yr12 months · AED 122 per sqft
15 Sep 2023RentedRenewal
AED 57,750/yr12 months · AED 94 per sqft
15 Sep 2022RentedNew contract
AED 55,000/yr12 months · AED 90 per sqft
15 Jun 2022Sold by developerReady
AED 636,540AED 1,030 per sqft

Source: Dubai Land Department. Updated 25 September 2024.

Key facts

Type
1-bed apartment
Size
618 sqft
Floor
1st of 4
Parking
G-5
Last sold
AED 637K · June 2022

About 101, Flamingo Residence

101 is a one-bedroom apartment of 618 sqft on the 1st floor of Flamingo Residence, a 4-storey tower in Meydan City. The developer sold it on 15 June 2022 for AED 636,540, or AED 1,030 per sqft, in line with the AED 1,029 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 25 September 2024, is AED 75,000 a year: a gross yield of 11.8% on the 2022 price.

Sales and rents for 101 over time

Rents
Unit 101, each contractTypical one-bed in Flamingo Residence
60K70K202220242026Typical rent by year: 2022 AED 55,000; 2023 AED 60,000; 2024 AED 66,150; 2025 AED 67,200; 2026 AED 70,000New contract, September 2022: AED 55,000 a yearRenewal, September 2023: AED 57,750 a yearNew contract, September 2024: AED 75,000 a year

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

1-beds in Flamingo Residence, and where 101 sits

All 28 1-beds →

101 last sold in June 2022 at AED 1,030 per sqft, in line with what one-beds in Flamingo Residence were fetching at the time (AED 1,029). 101's AED 75,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
16 Jun 2022584,010
16 Jun 2022828,120
16 Jun 2022828,120
16 Jun 2022636,540
0 1-bed sales in the last 12 months

Flamingo Residence

Building

43 apartments, 1-bed to 2-bed over 4 floors in Meydan City. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 74K /yr
Typical yield
Flamingo Residence, Meydan City: prices, sales and rents →

Other units on the 1st floor

All 43 units in Flamingo Residence
Value
1021-bedAED 639K · Jun 2022
1031-bedAED 767K · Jun 2022
1041-bedAED 746K · Jun 2022
1051-bedAED 828K · Jun 2022
1061-bedAED 742K · Jun 2022
1071-bedAED 853K · Jun 2022
1081-bedAED 584K · Jun 2022
1–7 of 11

101, Flamingo Residence in numbers

  • Sold once: by the developer on 15 June 2022 for AED 636,540, or AED 1,030 per sqft.
  • Rented since September 2022 on 3 Ejari contracts, from AED 55,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2022 price is 11.8%.

Source: Dubai Land Department. Updated 25 September 2024.

Questions about 101, Flamingo Residence

What did unit 101 last sell for?

AED 636,540 on 15 June 2022, sold by the developer: AED 1,030 per sqft for 618 sqft. It is the only registered sale of the unit.

What is the rent for unit 101?

AED 75,000 a year on the contract signed on 25 September 2024. The previous contract, from September 2023, was AED 57,750; the unit has been rented since September 2022.

How big is unit 101?

618 sqft (57.4 sqm): a one-bedroom apartment on the 1st floor of a 4-storey tower.

What is unit 101 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 101, Flamingo Residence

Starts from the last sale price (AED 637K, 15 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 636,540
Deposit, UAE resident (20%)
AED 127,308
Deposit, non-resident (40%)
AED 254,616
Monthly over 25 years at 3.7%
AED 2,604

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