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2-bed · 1,636 sqftEmaar Tower 2, Rigga Al Butten · 4th floor

402, Emaar Tower 2

Sold prices and rental history: sold once, by the developer in September 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 17 November 2016
Last soldAED 2.3M27 September 2010
Current rentAED 113K /yr17 November 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 402, Emaar Tower 2

What is 402 worth today?

Last sold for AED 2,300,000 in 2010

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17 Nov 2016RentedNew contract
AED 112,500/yr12 months · AED 69 per sqft
1 Feb 2016RentedRenewal
AED 132,000/yr5 months · AED 81 per sqft
1 Feb 2015RentedNew contract
AED 135,000/yr12 months · AED 83 per sqft
15 Nov 2013RentedNew contract
AED 100,000/yr12 months · AED 61 per sqft
27 Sep 2010Sold by developerReady
AED 2,300,000AED 1,405 per sqft

Source: Dubai Land Department. Updated 17 November 2016.

Key facts

Type
2-bed apartment
Size
1,636 sqft
Floor
4th of 16
Parking
L3/50
Service charge
AED 29,300 /yr
Last sold
AED 2.3M · September 2010
Building
Emaar Tower 2

About 402, Emaar Tower 2

402 is a two-bedroom apartment of 1,636 sqft on the 4th floor of Emaar Tower 2, a 16-storey tower in Rigga Al Butten. The developer sold it on 27 September 2010 for AED 2,300,000, or AED 1,405 per sqft, 9% below the AED 1,538 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 17 November 2016, is AED 112,500 a year: a gross yield of 4.9% on the 2010 price, before the service charge of about AED 29,300 a year.

Sales and rents for 402 over time

Rents
Unit 402, each contractTypical two-bed in Emaar Tower 2
100K2013201720212025Typical rent by year: 2013 AED 100,000; 2014 AED 120,000; 2015 AED 120,000; 2016 AED 122,500; 2017 AED 120,000; 2018 AED 105,000; 2019 AED 90,000; 2020 AED 74,000; 2021 AED 70,000; 2022 AED 75,000; 2023 AED 80,000; 2024 AED 90,000; 2025 AED 99,500; 2026 AED 105,000New contract, November 2013: AED 100,000 a yearNew contract, February 2015: AED 135,000 a yearRenewal, February 2016: AED 132,000 a yearNew contract, November 2016: AED 112,500 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 Emaar Tower 2, and where 402 sits

All 44 2-beds →

402 last sold in September 2010 at AED 1,405 per sqft, 9% below what two-beds in Emaar Tower 2 were fetching at the time (AED 1,538). Over the last 12 months two-beds sold for AED 1,000,000 to 1,500,000, around AED 701 per sqft, and rent for AED 82,688 to 150,000 a year. 402's AED 112,500 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Aug 20261,000,000
5 Aug 20261,200,000
11 Dec 20251,500,000
2 Oct 20251,450,000
3 2-bed sales in the last 12 months

Emaar Tower 2

Building

84 apartments, 1-bed to 4-bed over 16 floors in Rigga Al Butten. 4 sold in the last 12 months.

Typical price per sqft
AED 706
Typical sale
AED 1.35M
Typical rent
AED 105K /yr
Typical yield
9.6%
Emaar Tower 2, Rigga Al Butten: prices, sales and rents →

Other units on the 4th floor

All 84 units in Emaar Tower 2
Value
4012-bedAED 957K · Jun 2010
4032-bedAED 962K · Sep 2015
4042-bedAED 575K · Oct 2012
4052-bedAED 1.21M · Jun 2015
4062-bedAED 1.18M · Feb 2013

402, Emaar Tower 2 in numbers

  • Sold once: by the developer on 27 September 2010 for AED 2,300,000, or AED 1,405 per sqft.
  • Rented since November 2013 on 4 Ejari contracts, from AED 100,000 to AED 112,500 a year.
  • At AED 112,500 a year the gross yield on the 2010 price is 4.9%, before a service charge of about AED 29,300 a year (AED 17.93 per sqft).
  • Two-beds in Emaar Tower 2 sold for AED 1,000,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 706 per sqft.

Source: Dubai Land Department. Updated 17 November 2016.

Questions about 402, Emaar Tower 2

What did unit 402 last sell for?

AED 2,300,000 on 27 September 2010, sold by the developer: AED 1,405 per sqft for 1,636 sqft. It is the only registered sale of the unit.

What is the rent for unit 402?

AED 112,500 a year on the contract signed on 17 November 2016. The previous contract, from February 2016, was AED 132,000; the unit has been rented since November 2013.

How big is unit 402?

1,636 sqft (152.0 sqm): a two-bedroom apartment on the 4th floor of a 16-storey tower.

What is unit 402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Emaar Tower 2 sold for AED 1,000,000 to 1,500,000 in the last 12 months, around AED 701 per sqft.

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Mortgage on 402, Emaar Tower 2

Starts from the last sale price (AED 2.3M, 27 September 2010). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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