3-bed · 1,967 sqftKamoon 2, The Old Town · 5th floor · completed 2006

504, Kamoon 2

Sold prices and rental history: sold twice, last in July 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 15 October 2022
Last soldAED 3.3M5 July 2022
Current rentAED 165K /yr15 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, Kamoon 2

What is 504 worth today?

Last sold for AED 3,300,000 in 2022

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15 Oct 2022RentedNew contract
AED 165,407/yr9 months · AED 84 per sqft
5 Jul 2022SoldReady
AED 3,300,000AED 1,677 per sqft
15 Oct 2021RentedNew contract
AED 158,000/yr12 months · AED 80 per sqft
8 Jul 2020RentedNew contract
AED 135,000/yr12 months · AED 69 per sqft
5 Oct 2018RentedNew contract
AED 170,000/yr12 months · AED 86 per sqft
10 Apr 2016RentedNew contract
AED 225,000/yr12 months · AED 114 per sqft
2 Feb 2014RentedNew contract
AED 240,000/yr12 months · AED 122 per sqft
23 Feb 2011Sold by developerReady
AED 2,968,888AED 1,509 per sqft

Source: Dubai Land Department. Updated 15 October 2022.

Key facts

Type
3-bed apartment
Size
1,967 sqft
Floor
5th of 8
Parking
B-3138, B-3689
Developer
Emaar
Completed
2006
Service charge
AED 38,700 /yr
Last sold
AED 3.3M · July 2022
Building
Kamoon 2

About 504, Kamoon 2

504 is a three-bedroom apartment of 1,967 sqft on the 5th floor of Kamoon 2, a 8-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 5 July 2022 for AED 3,300,000, or AED 1,677 per sqft.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 15 October 2022, is AED 165,407 a year: a gross yield of 5.0% on the 2022 price, before the service charge of about AED 38,700 a year.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical three-bed in Kamoon 2
3M3.5M2009201320172021Typical sale price by year: 2009 AED 2,879,888; 2010 AED 3,083,888; 2011 AED 2,692,888; 2013 AED 3,675,000Sold by developer, February 2011: AED 2,968,888 (AED 1,509 per sqft)Sold, July 2022: AED 3,300,000 (AED 1,677 per sqft)

504 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 504, each contractTypical three-bed in Kamoon 2
200K2013201720212025Typical rent by year: 2013 AED 210,000; 2014 AED 230,000; 2016 AED 225,000; 2018 AED 190,000; 2019 AED 190,000; 2020 AED 135,000; 2021 AED 154,000; 2022 AED 165,204; 2025 AED 250,000New contract, February 2014: AED 240,000 a yearNew contract, April 2016: AED 225,000 a yearNew contract, October 2018: AED 170,000 a yearNew contract, July 2020: AED 135,000 a yearNew contract, October 2021: AED 158,000 a yearNew contract, October 2022: AED 165,407 a year

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

3-beds in Kamoon 2, and where 504 sits

All 8 3-beds →
Recent 3-bed salesUnit no.Price (AED)Summary
6 Mar 20255,400,000
19 Aug 20244,300,000
29 May 20245,550,000
14 Sep 20145,750,000
0 3-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 5th floor

All 39 units in Kamoon 2
Value
5011-bedAED 1.2M · Sep 2010
5022-bedAED 2.47M · May 2023
5031-bedAED 1.2M · Nov 2020
5052-bedAED 2.16M · Aug 2010

504, Kamoon 2 in numbers

  • Sold twice: first on 23 February 2011 for AED 2,968,888, last on 5 July 2022 for AED 3,300,000 (AED 1,677 per sqft).
  • Rented since February 2014 on 6 Ejari contracts. The rent fell from AED 240,000 to AED 135,000 in 2020 and recovered to AED 165,407 by October 2022.
  • At AED 165,407 a year the gross yield on the 2022 price is 5.0%, before a service charge of about AED 38,700 a year (AED 19.67 per sqft).

Source: Dubai Land Department. Updated 15 October 2022.

Questions about 504, Kamoon 2

What did unit 504 last sell for?

AED 3,300,000 on 5 July 2022: AED 1,677 per sqft for 1,967 sqft. The unit has 2 registered sales; the first was AED 2,968,888 in February 2011.

What is the rent for unit 504?

AED 165,407 a year on the contract signed on 15 October 2022. The previous contract, from October 2021, was AED 158,000; the unit has been rented since February 2014.

How big is unit 504?

1,967 sqft (182.7 sqm): a three-bedroom apartment on the 5th floor of a 8-storey tower completed in 2006.

What is unit 504 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 504, Kamoon 2

Starts from the last sale price (AED 3.3M, 5 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,300,000
Deposit, UAE resident (20%)
AED 660,000
Deposit, non-resident (40%)
AED 1,320,000
Monthly over 25 years at 3.7%
AED 13,501

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