3-bed · 1,655 sqftPanorama, The Views · 7th floor · completed 2015

T1-702, Panorama

Sold prices and rental history: sold 5 times, last in February 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit T1-702 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 3.07M9 February 2024
Current rentAED 161K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for T1-702, Panorama

What is T1-702 worth today?

Last sold for AED 3,065,000 in 2024

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1 Aug 2024RentedRenewal
AED 160,552/yr7 months · AED 97 per sqft
9 Feb 2024SoldReady
AED 3,065,000AED 1,851 per sqft
1 Aug 2023RentedRenewal
AED 121,275/yr12 months · AED 73 per sqft
1 Aug 2022RentedRenewal
AED 115,500/yr12 months · AED 70 per sqft
1 Aug 2021RentedRenewal
AED 110,000/yr12 months · AED 66 per sqft
1 Aug 2020RentedRenewal
AED 120,000/yr12 months · AED 73 per sqft
1 Aug 2019RentedNew contract
AED 135,000/yr12 months · AED 82 per sqft
1 May 2017SoldReady
AED 3,200,000AED 1,933 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
3-bed apartment
Size
1,655 sqft
Floor
7th of 14
Parking
G-338,G-339
Developer
Emaar
Completed
2015
Service charge
AED 30,600 /yr
Last sold
AED 3.07M · February 2024
Building
Panorama

About T1-702, Panorama

T1-702 is a three-bedroom apartment of 1,655 sqft on the 7th floor of Panorama, a 14-storey tower in The Views completed in 2015 by Emaar. It last sold on 9 February 2024 for AED 3,065,000, or AED 1,851 per sqft, in line with the AED 1,803 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 160,552 a year: a gross yield of 5.2% on the 2024 price, before the service charge of about AED 30,600 a year.

Sales and rents for T1-702 over time

Sales
Unit T1-702, 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, July 2012: AED 1,771,888 (AED 1,070 per sqft)Sold, March 2013: AED 1,771,888 (AED 1,070 per sqft)Sold, March 2015: AED 1,771,888 (AED 1,070 per sqft)Sold, May 2017: AED 3,200,000 (AED 1,933 per sqft)Sold, February 2024: AED 3,065,000 (AED 1,851 per sqft)

T1-702 has sold 5 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit T1-702, each contractTypical three-bed in Panorama
100K200K300K20152018202120242027Typical 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, January 2015: AED 280,000 a yearNew contract, March 2016: AED 210,000 a yearNew contract, August 2019: AED 135,000 a yearRenewal, August 2020: AED 120,000 a yearRenewal, August 2021: AED 110,000 a yearRenewal, August 2022: AED 115,500 a yearRenewal, August 2023: AED 121,275 a yearRenewal, August 2024: AED 160,552 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 T1-702 sits

All 97 3-beds →

T1-702 last sold in February 2024 at AED 1,851 per sqft, in line with what three-beds in Panorama were fetching at the time (AED 1,803). 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. T1-702's AED 160,552 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 7th floor

All 224 units in Panorama
Value
T1-7013-bedAED 3.4M · Apr 2015
T1-7033-bedAED 3.18M · Oct 2023
T1-7043-bedAED 2.67M · Mar 2015
T1-7051-bedAED 1.55M · May 2024
T2-7011-bedAED 1.2M · Apr 2023
T2-7023-bedAED 2.63M · Mar 2015
T2-7032-bedAED 2.4M · Apr 2023
1–7 of 23

T1-702, Panorama in numbers

  • Sold 5 times: first on 5 July 2012 for AED 1,771,888, last on 9 February 2024 for AED 3,065,000 (AED 1,851 per sqft).
  • Rented since January 2015 on 8 Ejari contracts. The rent fell from AED 280,000 to AED 110,000 in 2021 and recovered to AED 160,552 by August 2024.
  • At AED 160,552 a year the gross yield on the 2024 price is 5.2%, 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 1 August 2024.

Questions about T1-702, Panorama

What did unit T1-702 last sell for?

AED 3,065,000 on 9 February 2024: AED 1,851 per sqft for 1,655 sqft. The unit has 5 registered sales; the first was AED 1,771,888 in July 2012.

What is the rent for unit T1-702?

AED 160,552 a year on the contract renewed on 1 August 2024. The previous contract, from August 2023, was AED 121,275; the unit has been rented since January 2015.

How big is unit T1-702?

1,655 sqft (153.8 sqm): a three-bedroom apartment on the 7th floor of a 14-storey tower completed in 2015.

What is unit T1-702 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 T1-702, Panorama

Starts from the last sale price (AED 3.07M, 9 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,065,000
Deposit, UAE resident (20%)
AED 613,000
Deposit, non-resident (40%)
AED 1,226,000
Monthly over 25 years at 3.7%
AED 12,540

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