2-bed · 1,267 sqftPanorama, The Views · 7th floor · completed 2015

T2-703, Panorama

Sold prices and rental history: sold 4 times, last in April 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit T2-703 · DLD and Ejari recordsUpdated 24 April 2023
Last soldAED 2.4M24 April 2023
Current rentAED 140K /yr1 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for T2-703, Panorama

What is T2-703 worth today?

Last sold for AED 2,400,000 in 2023

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24 Apr 2023SoldReady
AED 2,400,000AED 1,894 per sqft
1 Jan 2023RentedNew contract
AED 140,000/yr9 months · AED 111 per sqft
1 Apr 2022SoldReady
AED 2,300,000AED 1,815 per sqft
1 Jan 2022RentedNew contract
AED 140,000/yr12 months · AED 110 per sqft
5 Dec 2020RentedNew contract
AED 105,000/yr12 months · AED 83 per sqft
11 Jul 2019RentedNew contract
AED 120,000/yr12 months · AED 94 per sqft
1 Jul 2018RentedNew contract
AED 165,000/yr12 months · AED 130 per sqft
15 May 2017RentedNew contract
AED 170,000/yr12 months · AED 134 per sqft

Source: Dubai Land Department. Updated 24 April 2023.

Key facts

Type
2-bed apartment
Size
1,267 sqft
Floor
7th of 14
Parking
G-125
Developer
Emaar
Completed
2015
Service charge
AED 23,400 /yr
Last sold
AED 2.4M · April 2023
Building
Panorama

About T2-703, Panorama

T2-703 is a two-bedroom apartment of 1,267 sqft on the 7th floor of Panorama, a 14-storey tower in The Views completed in 2015 by Emaar. It last sold on 24 April 2023 for AED 2,400,000, or AED 1,894 per sqft, 39% above the AED 1,360 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 1 January 2023, is AED 140,000 a year: a gross yield of 5.8% on the 2023 price, before the service charge of about AED 23,400 a year.

Sales and rents for T2-703 over time

Sales
Unit T2-703, each saleTypical two-bed in Panorama
1M2M3M2012201620202024Typical sale price by year: 2012 AED 1,337,500; 2013 AED 1,667,443; 2014 AED 2,092,620; 2015 AED 1,541,285; 2016 AED 2,400,000; 2018 AED 1,700,000; 2019 AED 1,700,000; 2020 AED 2,025,000; 2021 AED 1,800,000; 2022 AED 1,795,000; 2023 AED 2,155,000; 2024 AED 2,525,000; 2025 AED 2,700,000; 2026 AED 3,280,000Sold by developer, July 2012: AED 1,326,888 (AED 1,047 per sqft)Sold, February 2015: AED 2,450,000 (AED 1,934 per sqft)Sold, April 2022: AED 2,300,000 (AED 1,815 per sqft)Sold, April 2023: AED 2,400,000 (AED 1,894 per sqft)

T2-703 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit T2-703, each contractTypical two-bed in Panorama
100K150K20152018202120242027Typical rent by year: 2015 AED 165,000; 2016 AED 164,510; 2017 AED 160,000; 2018 AED 145,000; 2019 AED 130,000; 2020 AED 115,000; 2021 AED 115,000; 2022 AED 124,000; 2023 AED 130,000; 2024 AED 158,000; 2025 AED 170,000; 2026 AED 170,000New contract, March 2016: AED 170,000 a yearNew contract, May 2017: AED 170,000 a yearNew contract, July 2018: AED 165,000 a yearNew contract, July 2019: AED 120,000 a yearNew contract, December 2020: AED 105,000 a yearNew contract, January 2022: AED 140,000 a yearNew contract, January 2023: AED 140,000 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 Panorama, and where T2-703 sits

All 69 2-beds →

T2-703 last sold in April 2023 at AED 1,894 per sqft, 39% above what two-beds in Panorama were fetching at the time (AED 1,360). Over the last 12 months two-beds sold for AED 3,000,000 to 3,400,000, around AED 2,547 per sqft, and rent for AED 59,645 to 195,000 a year. T2-703's AED 140,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Oct 20263,280,000
26 Mar 20263,000,000
18 Mar 20263,400,000
3 Oct 20252,540,000
3 2-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
T1-7023-bedAED 3.07M · Feb 2024
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
1–7 of 23

T2-703, Panorama in numbers

  • Sold 4 times: first on 9 July 2012 for AED 1,326,888, last on 24 April 2023 for AED 2,400,000 (AED 1,894 per sqft).
  • Rented since March 2016 on 7 Ejari contracts. The rent fell from AED 170,000 to AED 105,000 in 2020 and recovered to AED 140,000 by January 2023.
  • At AED 140,000 a year the gross yield on the 2023 price is 5.8%, before a service charge of about AED 23,400 a year (AED 18.46 per sqft).
  • Two-beds in Panorama sold for AED 3,000,000–3,400,000 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 24 April 2023.

Questions about T2-703, Panorama

What did unit T2-703 last sell for?

AED 2,400,000 on 24 April 2023: AED 1,894 per sqft for 1,267 sqft. The unit has 4 registered sales; the first was AED 1,326,888 in July 2012.

What is the rent for unit T2-703?

AED 140,000 a year on the contract signed on 1 January 2023. The previous contract, from January 2022, was AED 140,000; the unit has been rented since March 2016.

How big is unit T2-703?

1,267 sqft (117.7 sqm): a two-bedroom apartment on the 7th floor of a 14-storey tower completed in 2015.

What is unit T2-703 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Panorama sold for AED 3,000,000 to 3,400,000 in the last 12 months, around AED 2,547 per sqft.

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Mortgage on T2-703, Panorama

Starts from the last sale price (AED 2.4M, 24 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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