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2-bed · 1,340 sqftPanorama, The Views · 6th floor · completed 2015

T3-604, 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 T3-604 · DLD and Ejari recordsUpdated 15 January 2024
Last soldAED 1.2M12 March 2015
Current rentAED 140K /yr15 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for T3-604, Panorama

What is T3-604 worth today?

Last sold for AED 1,204,888 in 2015

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15 Jan 2024RentedRenewal
AED 140,000/yr12 months · AED 105 per sqft
15 Jan 2024RentedRenewal
AED 100,000/yr12 months · AED 75 per sqft
15 Jan 2024RentedRenewal
AED 100,000/yr12 months · AED 75 per sqft
15 Jan 2023RentedRenewal
AED 131,250/yr12 months · AED 98 per sqft
15 Jan 2022RentedNew contract
AED 125,000/yr12 months · AED 94 per sqft
22 Jan 2021RentedNew contract
AED 95,000/yr12 months · AED 71 per sqft
29 Apr 2019RentedRenewal
AED 140,000/yr6 months · AED 104 per sqft
29 Apr 2018RentedRenewal
AED 140,000/yr12 months · AED 104 per sqft

Source: Dubai Land Department. Updated 15 January 2024.

Key facts

Type
2-bed apartment
Size
1,340 sqft
Floor
6th of 14
Parking
G-56
Developer
Emaar
Completed
2015
Service charge
AED 24,700 /yr
Last sold
AED 1.2M · March 2015
Building
Panorama

About T3-604, Panorama

T3-604 is a two-bedroom apartment of 1,340 sqft on the 6th floor of Panorama, a 14-storey tower in The Views completed in 2015 by Emaar. The developer sold it on 12 March 2015 for AED 1,204,888, or AED 899 per sqft, 22% below the AED 1,155 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 11 Ejari contracts. The current contract, renewed on 15 January 2024, is AED 140,000 a year: a gross yield of 11.6% on the 2015 price, before the service charge of about AED 24,700 a year.

Sales and rents for T3-604 over time

Sales
Unit T3-604, 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, March 2015: AED 1,204,888 (AED 899 per sqft)

T3-604 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit T3-604, 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, September 2015: AED 179,006 a yearNew contract, October 2016: AED 170,000 a yearRenewal, October 2017: AED 159,116 a yearRenewal, April 2018: AED 140,000 a yearRenewal, April 2019: AED 140,000 a yearNew contract, January 2021: AED 95,000 a yearNew contract, January 2022: AED 125,000 a yearRenewal, January 2023: AED 131,250 a yearRenewal, January 2024: AED 140,000 a yearRenewal, January 2024: AED 100,000 a yearRenewal, January 2024: AED 100,000 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 T3-604 sits

All 69 2-beds →

T3-604 last sold in March 2015 at AED 899 per sqft, 22% below what two-beds in Panorama were fetching at the time (AED 1,155). 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. T3-604'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 6th floor

All 224 units in Panorama
Value
T1-6013-bedAED 3.2M · May 2014
T1-6023-bedAED 1.76M · Mar 2015
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
1–7 of 20

T3-604, Panorama in numbers

  • Sold once: by Emaar on 12 March 2015 for AED 1,204,888, or AED 899 per sqft.
  • Rented since September 2015 on 11 Ejari contracts. The rent fell from AED 179,006 to AED 95,000 in 2021 and recovered to AED 140,000 by January 2024.
  • At AED 140,000 a year the gross yield on the 2015 price is 11.6%, before a service charge of about AED 24,700 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 15 January 2024.

Questions about T3-604, Panorama

What did unit T3-604 last sell for?

AED 1,204,888 on 12 March 2015, sold by the developer: AED 899 per sqft for 1,340 sqft. It is the only registered sale of the unit.

What is the rent for unit T3-604?

AED 140,000 a year on the contract renewed on 15 January 2024. The previous contract, from January 2024, was AED 100,000; the unit has been rented since September 2015.

How big is unit T3-604?

1,340 sqft (124.5 sqm): a two-bedroom apartment on the 6th floor of a 14-storey tower completed in 2015.

What is unit T3-604 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 T3-604, Panorama

Starts from the last sale price (AED 1.2M, 12 March 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,204,888
Deposit, UAE resident (20%)
AED 240,978
Deposit, non-resident (40%)
AED 481,955
Monthly over 25 years at 3.7%
AED 4,930

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