2-bed · 1,404 sqftKamoon 2, The Old Town · 4th floor · completed 2006

405, Kamoon 2

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

Unit 405 · DLD and Ejari recordsUpdated 10 June 2024
Last soldAED 2.15M28 February 2010
Current rentAED 170K /yr10 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 405, Kamoon 2

What is 405 worth today?

Last sold for AED 2,150,888 in 2010

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10 Jun 2024RentedNew contract
AED 170,000/yr17 months · AED 121 per sqft
1 Oct 2023RentedRenewal
AED 125,000/yr12 months · AED 89 per sqft
1 Oct 2022RentedRenewal
AED 120,000/yr12 months · AED 86 per sqft
1 Oct 2021RentedNew contract
AED 120,000/yr12 months · AED 86 per sqft
20 Aug 2019RentedRenewal
AED 135,000/yr12 months · AED 96 per sqft
20 Aug 2018RentedNew contract
AED 135,000/yr12 months · AED 96 per sqft
22 Apr 2015RentedNew contract
AED 160,000/yr12 months · AED 114 per sqft
31 Oct 2013RentedNew contract
AED 135,000/yr12 months · AED 96 per sqft

Source: Dubai Land Department. Updated 10 June 2024.

Key facts

Type
2-bed apartment
Size
1,404 sqft
Floor
4th of 8
Parking
B-3161
Developer
Emaar
Completed
2006
Service charge
AED 27,600 /yr
Last sold
AED 2.15M · February 2010
Building
Kamoon 2

About 405, Kamoon 2

405 is a two-bedroom apartment of 1,404 sqft on the 4th floor of Kamoon 2, a 8-storey tower in The Old Town completed in 2006 by Emaar. The developer sold it on 28 February 2010 for AED 2,150,888, or AED 1,531 per sqft, 5% above the AED 1,459 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 10 June 2024, is AED 170,000 a year: a gross yield of 7.9% on the 2010 price, before the service charge of about AED 27,600 a year.

Sales and rents for 405 over time

Sales
Unit 405, each saleTypical two-bed in Kamoon 2
2M2.25M2.5M2009201320172021Typical sale price by year: 2009 AED 1,957,000; 2010 AED 2,114,388; 2023 AED 2,470,000Sold by developer, February 2010: AED 2,150,888 (AED 1,531 per sqft)

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

Rents
Unit 405, each contractTypical two-bed in Kamoon 2
100K150K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 136,000; 2014 AED 147,500; 2015 AED 160,000; 2016 AED 170,000; 2017 AED 165,000; 2018 AED 150,000; 2019 AED 133,000; 2020 AED 107,500; 2021 AED 110,000; 2022 AED 115,500; 2023 AED 125,000; 2024 AED 172,500; 2025 AED 185,000; 2026 AED 158,812New contract, October 2013: AED 135,000 a yearNew contract, April 2015: AED 160,000 a yearNew contract, August 2018: AED 135,000 a yearRenewal, August 2019: AED 135,000 a yearNew contract, October 2021: AED 120,000 a yearRenewal, October 2022: AED 120,000 a yearRenewal, October 2023: AED 125,000 a yearNew contract, June 2024: AED 170,000 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 Kamoon 2, and where 405 sits

All 15 2-beds →

405 last sold in February 2010 at AED 1,531 per sqft, 5% above what two-beds in Kamoon 2 were fetching at the time (AED 1,459). 405's AED 170,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Mar 20254,100,000
9 Sep 20243,050,000
11 Jul 20242,475,000
24 Oct 20232,250,000
0 2-bed sales in the last 12 months

Kamoon 2

Building

39 apartments, 1-bed to 4-bed over 8 floors in The Old Town, completed in 2006 by Emaar. 1 sold in the last 12 months.

Typical price per sqft
AED 2,057
Typical sale
AED 2.48M
Typical rent
AED 157K /yr
Typical yield
5.3%
Kamoon 2, The Old Town: prices, sales and rents →

Other units on the 4th floor

All 39 units in Kamoon 2
Value
4011-bedAED 1.6M · Dec 2016
4022-bedAED 3.2M · May 2015
4031-bedAED 2.14M · Sep 2010
4043-bedAED 2.53M · Sep 2011

405, Kamoon 2 in numbers

  • Sold once: by Emaar on 28 February 2010 for AED 2,150,888, or AED 1,531 per sqft.
  • Rented since October 2013 on 8 Ejari contracts. The rent fell from AED 135,000 to AED 120,000 in 2022 and recovered to AED 170,000 by June 2024.
  • At AED 170,000 a year the gross yield on the 2010 price is 7.9%, before a service charge of about AED 27,600 a year (AED 19.67 per sqft).

Source: Dubai Land Department. Updated 10 June 2024.

Questions about 405, Kamoon 2

What did unit 405 last sell for?

AED 2,150,888 on 28 February 2010, sold by the developer: AED 1,531 per sqft for 1,404 sqft. It is the only registered sale of the unit.

What is the rent for unit 405?

AED 170,000 a year on the contract signed on 10 June 2024. The previous contract, from October 2023, was AED 125,000; the unit has been rented since October 2013.

How big is unit 405?

1,404 sqft (130.4 sqm): a two-bedroom apartment on the 4th floor of a 8-storey tower completed in 2006.

What is unit 405 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 405, Kamoon 2

Starts from the last sale price (AED 2.15M, 28 February 2010). Switch to today's estimate once you have unlocked it.
Price
AED 2,150,888
Deposit, UAE resident (20%)
AED 430,178
Deposit, non-resident (40%)
AED 860,355
Monthly over 25 years at 3.7%
AED 8,800

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