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3-bed · 1,655 sqftPanorama, The Views · 6th floor · completed 2015

T1-602, Panorama

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

Unit T1-602 · DLD and Ejari recordsUpdated 9 June 2024
Last soldAED 1.76M18 March 2015
Current rentAED 240K /yr9 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for T1-602, Panorama

What is T1-602 worth today?

Last sold for AED 1,764,888 in 2015

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9 Jun 2024RentedNew contract
AED 240,000/yr12 months · AED 145 per sqft
10 Sep 2023RentedRenewal
AED 190,000/yr12 months · AED 115 per sqft
10 Sep 2022RentedNew contract
AED 176,000/yr12 months · AED 106 per sqft
10 Sep 2021RentedNew contract
AED 160,000/yr12 months · AED 97 per sqft
5 Sep 2020RentedRenewal
AED 190,000/yr12 months · AED 115 per sqft
5 Sep 2019RentedRenewal
AED 190,000/yr12 months · AED 115 per sqft
5 Sep 2018RentedRenewal
AED 195,000/yr12 months · AED 118 per sqft
5 Sep 2017RentedRenewal
AED 200,000/yr12 months · AED 121 per sqft

Source: Dubai Land Department. Updated 9 June 2024.

Key facts

Type
3-bed apartment
Size
1,655 sqft
Floor
6th of 14
Parking
G-322,G-323
Developer
Emaar
Completed
2015
Service charge
AED 30,600 /yr
Last sold
AED 1.76M · March 2015
Building
Panorama

About T1-602, Panorama

T1-602 is a three-bedroom apartment of 1,655 sqft on the 6th floor of Panorama, a 14-storey tower in The Views completed in 2015 by Emaar. The developer sold it on 18 March 2015 for AED 1,764,888, or AED 1,066 per sqft, 6% below the AED 1,135 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 11 Ejari contracts. The current contract, signed on 9 June 2024, is AED 240,000 a year: a gross yield of 13.6% on the 2015 price, before the service charge of about AED 30,600 a year.

Sales and rents for T1-602 over time

Sales
Unit T1-602, each saleTypical three-bed in Panorama
2M3M4M2012201620202024Typical sale price by year: 2012 AED 1,780,888; 2013 AED 2,127,335; 2014 AED 2,447,444; 2015 AED 2,086,622; 2016 AED 3,050,000; 2017 AED 3,150,000; 2018 AED 2,785,000; 2020 AED 1,902,304; 2021 AED 2,600,000; 2022 AED 3,025,000; 2023 AED 3,150,000; 2024 AED 3,235,000; 2025 AED 3,900,000Sold by developer, March 2015: AED 1,764,888 (AED 1,066 per sqft)

T1-602 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit T1-602, each contractTypical three-bed in Panorama
150K200K250K20152018202120242027Typical rent by year: 2015 AED 210,000; 2016 AED 210,000; 2017 AED 205,000; 2018 AED 190,000; 2019 AED 175,000; 2020 AED 157,500; 2021 AED 150,000; 2022 AED 160,000; 2023 AED 170,000; 2024 AED 200,000; 2025 AED 220,000; 2026 AED 225,000New contract, May 2015: AED 200,000 a yearRenewal, May 2016: AED 200,000 a yearNew contract, September 2016: AED 200,000 a yearRenewal, September 2017: AED 200,000 a yearRenewal, September 2018: AED 195,000 a yearRenewal, September 2019: AED 190,000 a yearRenewal, September 2020: AED 190,000 a yearNew contract, September 2021: AED 160,000 a yearNew contract, September 2022: AED 176,000 a yearRenewal, September 2023: AED 190,000 a yearNew contract, June 2024: AED 240,000 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 Panorama, and where T1-602 sits

All 97 3-beds →

T1-602 last sold in March 2015 at AED 1,066 per sqft, 6% below what three-beds in Panorama were fetching at the time (AED 1,135). Over the last 12 months three-beds sold for AED 3,350,000 to 4,550,000, around AED 2,243 per sqft, and rent for AED 160,000 to 336,000 a year. T1-602's AED 240,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
22 Oct 20263,350,000
15 Dec 20254,550,000
29 Oct 20253,950,000
9 Jul 20253,500,000
2 3-bed sales in the last 12 months

Panorama

Building

224 apartments, 1-bed to 3-bed over 14 floors in The Views, completed in 2015 by Emaar. 8 sold in the last 12 months.

Typical price per sqft
AED 2,314
Typical sale
AED 3.32M
Typical rent
AED 177K /yr
Typical yield
5.6%
Panorama, The Views: prices, sales and rents →

Other units on the 6th floor

All 224 units in Panorama
Value
T1-6013-bedAED 3.2M · May 2014
T1-6033-bedAED 1.76M · Mar 2015
T1-6041-bedAED 1.45M · Mar 2015
T2-6011-bedAED 1.25M · Dec 2022
T2-6022-bedAED 1.9M · Nov 2021
T2-6032-bedAED 1.41M · Mar 2015
T2-6043-bedAED 1.83M · Mar 2015
1–7 of 20

T1-602, Panorama in numbers

  • Sold once: by Emaar on 18 March 2015 for AED 1,764,888, or AED 1,066 per sqft.
  • Rented since May 2015 on 11 Ejari contracts. The rent fell from AED 200,000 to AED 160,000 in 2021 and recovered to AED 240,000 by June 2024.
  • At AED 240,000 a year the gross yield on the 2015 price is 13.6%, before a service charge of about AED 30,600 a year (AED 18.46 per sqft).
  • Three-beds in Panorama sold for AED 3,350,000–4,550,000 in the 12 months to November 2026; the building's median across all types is AED 2,314 per sqft.

Source: Dubai Land Department. Updated 9 June 2024.

Questions about T1-602, Panorama

What did unit T1-602 last sell for?

AED 1,764,888 on 18 March 2015, sold by the developer: AED 1,066 per sqft for 1,655 sqft. It is the only registered sale of the unit.

What is the rent for unit T1-602?

AED 240,000 a year on the contract signed on 9 June 2024. The previous contract, from September 2023, was AED 190,000; the unit has been rented since May 2015.

How big is unit T1-602?

1,655 sqft (153.8 sqm): a three-bedroom apartment on the 6th floor of a 14-storey tower completed in 2015.

What is unit T1-602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Panorama sold for AED 3,350,000 to 4,550,000 in the last 12 months, around AED 2,243 per sqft.

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Mortgage on T1-602, Panorama

Starts from the last sale price (AED 1.76M, 18 March 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,764,888
Deposit, UAE resident (20%)
AED 352,978
Deposit, non-resident (40%)
AED 705,955
Monthly over 25 years at 3.7%
AED 7,221

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