2-bed · 1,186 sqftFlamingo Residence, Meydan City · 1st floor

112, 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 112 · DLD and Ejari recordsUpdated 1 December 2024
Last soldAED 1.23M15 June 2022
Current rentAED 98K /yr1 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 112, Flamingo Residence

What is 112 worth today?

Last sold for AED 1,225,700 in 2022

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1 Dec 2024RentedRenewal
AED 98,175/yr12 months · AED 83 per sqft
1 Dec 2023RentedRenewal
AED 89,250/yr12 months · AED 75 per sqft
1 Dec 2022RentedNew contract
AED 85,000/yr12 months · AED 72 per sqft
15 Jun 2022Sold by developerReady
AED 1,225,700AED 1,033 per sqft

Source: Dubai Land Department. Updated 1 December 2024.

Key facts

Type
2-bed apartment
Size
1,186 sqft
Floor
1st of 4
Parking
B-29
Last sold
AED 1.23M · June 2022

About 112, Flamingo Residence

112 is a two-bedroom apartment of 1,186 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 1,225,700, or AED 1,033 per sqft.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 1 December 2024, is AED 98,175 a year: a gross yield of 8.0% on the 2022 price.

Sales and rents for 112 over time

Rents
Unit 112, each contractTypical two-bed in Flamingo Residence
80K100K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 100,000; 2024 AED 105,000; 2025 AED 113,000; 2026 AED 105,000New contract, December 2022: AED 85,000 a yearRenewal, December 2023: AED 89,250 a yearRenewal, December 2024: AED 98,175 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 Flamingo Residence, and where 112 sits

All 15 2-beds →

112's AED 98,175 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Jun 20221,034,120
16 Jun 20221,225,700
16 Jun 20221,238,490
16 Jun 20221,707,570
0 2-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
1011-bedAED 637K · Jun 2022
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
1–7 of 11

112, Flamingo Residence in numbers

  • Sold once: by the developer on 15 June 2022 for AED 1,225,700, or AED 1,033 per sqft.
  • Rented since December 2022 on 3 Ejari contracts, from AED 85,000 to AED 98,175 a year.
  • At AED 98,175 a year the gross yield on the 2022 price is 8.0%.

Source: Dubai Land Department. Updated 1 December 2024.

Questions about 112, Flamingo Residence

What did unit 112 last sell for?

AED 1,225,700 on 15 June 2022, sold by the developer: AED 1,033 per sqft for 1,186 sqft. It is the only registered sale of the unit.

What is the rent for unit 112?

AED 98,175 a year on the contract renewed on 1 December 2024. The previous contract, from December 2023, was AED 89,250; the unit has been rented since December 2022.

How big is unit 112?

1,186 sqft (110.2 sqm): a two-bedroom apartment on the 1st floor of a 4-storey tower.

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, Flamingo Residence

Starts from the last sale price (AED 1.23M, 15 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,225,700
Deposit, UAE resident (20%)
AED 245,140
Deposit, non-resident (40%)
AED 490,280
Monthly over 25 years at 3.7%
AED 5,015

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