3-bed · 1,901 sqftPanorama, The Views · 12th floor · completed 2015

T2-1203, Panorama

Sold prices and rental history: sold 3 times, last in January 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit T2-1203 · DLD and Ejari recordsUpdated 31 January 2024
Last soldAED 4M31 January 2024
Current rentAED 200K /yr5 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for T2-1203, Panorama

What is T2-1203 worth today?

Last sold for AED 4,000,000 in 2024

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31 Jan 2024SoldReady
AED 4,000,000AED 2,104 per sqft
5 Feb 2023RentedRenewal
AED 200,000/yr12 months · AED 105 per sqft
5 Feb 2022RentedNew contract
AED 190,000/yr12 months · AED 100 per sqft
1 Jul 2021RentedRenewal
AED 175,000/yr12 months · AED 92 per sqft
1 Jul 2020RentedRenewal
AED 175,000/yr12 months · AED 92 per sqft
1 Jul 2019RentedRenewal
AED 175,000/yr12 months · AED 92 per sqft
1 Jul 2018RentedNew contract
AED 190,000/yr12 months · AED 100 per sqft
2 Apr 2017RentedRenewal
AED 240,000/yr12 months · AED 126 per sqft

Source: Dubai Land Department. Updated 31 January 2024.

Key facts

Type
3-bed apartment
Size
1,901 sqft
Floor
12th of 14
Parking
G-286,G-287
Developer
Emaar
Completed
2015
Service charge
AED 35,100 /yr
Last sold
AED 4M · January 2024
Building
Panorama

About T2-1203, Panorama

T2-1203 is a three-bedroom apartment of 1,901 sqft on the 12th floor of Panorama, a 14-storey tower in The Views completed in 2015 by Emaar. It last sold on 31 January 2024 for AED 4,000,000, or AED 2,104 per sqft, 21% above the AED 1,744 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, renewed on 5 February 2023, is AED 200,000 a year: a gross yield of 5.0% on the 2024 price, before the service charge of about AED 35,100 a year.

Sales and rents for T2-1203 over time

Sales
Unit T2-1203, each saleTypical three-bed in Panorama
2M4M2012201620202024Typical 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 1,963,888 (AED 1,033 per sqft)Sold, March 2015: AED 1,963,888 (AED 1,033 per sqft)Sold, January 2024: AED 4,000,000 (AED 2,104 per sqft)

T2-1203 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit T2-1203, 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, April 2015: AED 239,335 a yearRenewal, April 2016: AED 240,000 a yearRenewal, April 2017: AED 240,000 a yearNew contract, July 2018: AED 190,000 a yearRenewal, July 2019: AED 175,000 a yearRenewal, July 2020: AED 175,000 a yearRenewal, July 2021: AED 175,000 a yearNew contract, February 2022: AED 190,000 a yearRenewal, February 2023: AED 200,000 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 T2-1203 sits

All 97 3-beds →

T2-1203 last sold in January 2024 at AED 2,104 per sqft, 21% above what three-beds in Panorama were fetching at the time (AED 1,744). 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. T2-1203's AED 200,000 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 12th floor

All 224 units in Panorama
Value
T2-12012-bedAED 2.25M · Oct 2022
T2-12022-bedAED 1.52M · Mar 2015
T2-12042-bedAED 2.55M · Apr 2024
T2-12052-bedAED 2.2M · Mar 2015
T2-12063-bedAED 2.68M · Jun 2023

T2-1203, Panorama in numbers

  • Sold 3 times: first on 5 July 2012 for AED 1,963,888, last on 31 January 2024 for AED 4,000,000 (AED 2,104 per sqft).
  • Rented since April 2015 on 9 Ejari contracts. The rent fell from AED 239,335 to AED 175,000 in 2021 and recovered to AED 200,000 by February 2023.
  • At AED 200,000 a year the gross yield on the 2024 price is 5.0%, before a service charge of about AED 35,100 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 31 January 2024.

Questions about T2-1203, Panorama

What did unit T2-1203 last sell for?

AED 4,000,000 on 31 January 2024: AED 2,104 per sqft for 1,901 sqft. The unit has 3 registered sales; the first was AED 1,963,888 in July 2012.

What is the rent for unit T2-1203?

AED 200,000 a year on the contract renewed on 5 February 2023. The previous contract, from February 2022, was AED 190,000; the unit has been rented since April 2015.

How big is unit T2-1203?

1,901 sqft (176.6 sqm): a three-bedroom apartment on the 12th floor of a 14-storey tower completed in 2015.

What is unit T2-1203 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 T2-1203, Panorama

Starts from the last sale price (AED 4M, 31 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

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