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1-bed · 1,142 sqftCourtyard Apartments 2, Mirdif · 2nd floor

5240, Courtyard Apartments 2

Sold prices and rental history: sold once, by the developer in April 2015, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5240 · DLD and Ejari recordsUpdated 20 February 2024
Last soldAED 683K27 April 2015
Current rentAED 60K /yr20 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 5240, Courtyard Apartments 2

What is 5240 worth today?

Last sold for AED 683,000 in 2015

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20 Feb 2024RentedNew contract
AED 60,000/yr12 months · AED 53 per sqft
20 Jan 2023RentedNew contract
AED 48,000/yr12 months · AED 42 per sqft
27 Apr 2015Sold by developerReady
AED 683,000AED 597 per sqft

Source: Dubai Land Department. Updated 20 February 2024.

Key facts

Type
1-bed apartment
Size
1,142 sqft
Floor
2nd of 2
Parking
B-167
Service charge
AED 10,200 /yr
Last sold
AED 683K · April 2015
Building
Courtyard Apartments 2

About 5240, Courtyard Apartments 2

5240 is a one-bedroom apartment of 1,142 sqft on the 2nd floor of Courtyard Apartments 2, a 2-storey tower in Mirdif. The developer sold it on 27 April 2015 for AED 683,000, or AED 597 per sqft, in line with the AED 600 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 20 February 2024, is AED 60,000 a year: a gross yield of 8.8% on the 2015 price, before the service charge of about AED 10,200 a year.

Sales and rents for 5240 over time

Sales
Unit 5240, each saleTypical one-bed in Courtyard Apartments 2
600K800K1M20142017202020232026Typical sale price by year: 2014 AED 609,000; 2015 AED 656,000; 2017 AED 830,000; 2023 AED 637,500; 2024 AED 730,858; 2025 AED 945,000Sold by developer, April 2015: AED 683,000 (AED 597 per sqft)

5240 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 5240, each contractTypical one-bed in Courtyard Apartments 2
40K60K80K2013201720212025Typical rent by year: 2013 AED 60,900; 2014 AED 70,000; 2015 AED 83,992; 2016 AED 80,000; 2017 AED 75,000; 2018 AED 60,000; 2019 AED 60,000; 2020 AED 49,433; 2021 AED 40,000; 2022 AED 45,000; 2023 AED 50,300; 2024 AED 58,875; 2025 AED 62,000; 2026 AED 65,000New contract, January 2023: AED 48,000 a yearNew contract, February 2024: AED 60,000 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 Courtyard Apartments 2, and where 5240 sits

All 72 1-beds →

5240 last sold in April 2015 at AED 597 per sqft, in line with what one-beds in Courtyard Apartments 2 were fetching at the time (AED 600). Over the last 12 months one-beds sold for AED 930,000 to 1,000,000, around AED 975 per sqft, and rent for AED 45,000 to 85,000 a year. 5240's AED 60,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Mar 20261,000,000
8 Jan 2026930,000
21 Oct 20251,000,000
21 Aug 2025930,000
2 1-bed sales in the last 12 months

Courtyard Apartments 2

Building

116 apartments, studios to 1-bed over 2 floors in Mirdif. 4 sold in the last 12 months.

Typical price per sqft
AED 1,034
Typical sale
AED 775K
Typical rent
AED 58K /yr
Typical yield
6.8%
Courtyard Apartments 2, Mirdif: prices, sales and rents →

Other units on the 2nd floor

All 116 units in Courtyard Apartments 2
Value
52011-bedAED 588K · Jul 2015
5202StudioAED 446K · Jul 2014
52031-bedAED 609K · Oct 2015
5204StudioAED 478K · Oct 2014
5205StudioAED 700K · Feb 2015
5206StudioAED 740K · Sep 2014
5207StudioAED 400K · May 2023
1–7 of 57

5240, Courtyard Apartments 2 in numbers

  • Sold once: by the developer on 27 April 2015 for AED 683,000, or AED 597 per sqft.
  • Rented since January 2023 on 2 Ejari contracts, from AED 48,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2015 price is 8.8%, before a service charge of about AED 10,200 a year (AED 8.95 per sqft).
  • One-beds in Courtyard Apartments 2 sold for AED 930,000–1,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,034 per sqft.

Source: Dubai Land Department. Updated 20 February 2024.

Questions about 5240, Courtyard Apartments 2

What did unit 5240 last sell for?

AED 683,000 on 27 April 2015, sold by the developer: AED 597 per sqft for 1,142 sqft. It is the only registered sale of the unit.

What is the rent for unit 5240?

AED 60,000 a year on the contract signed on 20 February 2024. The previous contract, from January 2023, was AED 48,000.

How big is unit 5240?

1,142 sqft (106.1 sqm): a one-bedroom apartment on the 2nd floor of a 2-storey tower.

What is unit 5240 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Courtyard Apartments 2 sold for AED 930,000 to 1,000,000 in the last 12 months, around AED 975 per sqft.

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Mortgage on 5240, Courtyard Apartments 2

Starts from the last sale price (AED 683K, 27 April 2015). Switch to today's estimate once you have unlocked it.
Price
AED 683,000
Deposit, UAE resident (20%)
AED 136,600
Deposit, non-resident (40%)
AED 273,200
Monthly over 25 years at 3.7%
AED 2,794

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