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2-bed · 1,186 sqftWarda 1, Town Square · 13th floor · completed 2019

1308, Warda 1

Sold prices and rental history: sold once, by the developer in July 2020, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1308 · DLD and Ejari recordsUpdated 1 October 2023
Last soldAED 911K19 July 2020
Current rentAED 56K /yr1 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1308, Warda 1

What is 1308 worth today?

Last sold for AED 910,888 in 2020

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1 Oct 2023RentedRenewal
AED 56,300/yr12 months · AED 48 per sqft
1 Oct 2022RentedRenewal
AED 53,600/yr12 months · AED 45 per sqft
1 Sep 2021RentedRenewal
AED 51,000/yr13 months · AED 43 per sqft
1 Sep 2020RentedNew contract
AED 51,000/yr12 months · AED 43 per sqft
19 Jul 2020Sold by developerReady
AED 910,888AED 767 per sqft

Source: Dubai Land Department. Updated 1 October 2023.

Key facts

Type
2-bed apartment
Size
1,186 sqft
Floor
13th of 19
Parking
P-214
Developer
Nshmi Development
Completed
2019
Service charge
AED 18,400 /yr
Last sold
AED 911K · July 2020
Building
Warda 1

About 1308, Warda 1

1308 is a two-bedroom apartment of 1,186 sqft on the 13th floor of Warda 1, a 19-storey tower in Town Square completed in 2019 by Nshmi Development. The developer sold it on 19 July 2020 for AED 910,888, or AED 767 per sqft, 5% below the AED 809 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 1 October 2023, is AED 56,300 a year: a gross yield of 6.2% on the 2020 price, before the service charge of about AED 18,400 a year.

Sales and rents for 1308 over time

Sales
Unit 1308, each saleTypical two-bed in Warda 1
1M1.5M2016201920222025Typical sale price by year: 2016 AED 1,065,888; 2017 AED 1,020,388; 2018 AED 932,388; 2019 AED 974,388; 2020 AED 925,888; 2021 AED 900,888; 2022 AED 850,000; 2023 AED 912,500; 2024 AED 1,162,500; 2025 AED 1,390,000; 2026 AED 1,500,000Sold by developer, July 2020: AED 910,888 (AED 767 per sqft)

1308 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1308, each contractTypical two-bed in Warda 1
60K80K2020202220242026Typical rent by year: 2020 AED 47,500; 2021 AED 48,000; 2022 AED 52,900; 2023 AED 57,750; 2024 AED 68,000; 2025 AED 78,000; 2026 AED 85,000New contract, September 2020: AED 51,000 a yearRenewal, September 2021: AED 51,000 a yearRenewal, October 2022: AED 53,600 a yearRenewal, October 2023: AED 56,300 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 Warda 1, and where 1308 sits

All 108 2-beds →

1308 last sold in July 2020 at AED 767 per sqft, 5% below what two-beds in Warda 1 were fetching at the time (AED 809). Over the last 12 months two-beds sold for AED 1,240,000 to 1,625,888, around AED 1,384 per sqft, and rent for AED 45,000 to 145,608 a year. 1308's AED 56,300 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
4 Nov 20261,500,888
3 Nov 20261,520,000
15 Sep 20261,485,000
30 Jul 20261,550,000
11 2-bed sales in the last 12 months

Warda 1

Building

153 apartments, 1-bed to 3-bed over 19 floors in Town Square, completed in 2019 by Nshmi Development. 15 sold in the last 12 months.

Typical price per sqft
AED 1,384 Up 8.1%
Typical sale
AED 1.5M
Typical rent
AED 85K /yr
Typical yield
5.8%
Warda 1, Town Square: prices, sales and rents →

Other units on the 13th floor

All 153 units in Warda 1
Value
13013-bedAED 3M · Jul 2026
13022-bedAED 1.2M · Mar 2016
13032-bedAED 1.22M · Mar 2016
13043-bedAED 1.63M · Jan 2023
13052-bedAED 953K · Aug 2020
13062-bedAED 1.24M · Mar 2026
13072-bedAED 855K · Sep 2016

1308, Warda 1 in numbers

  • Sold once: by Nshmi Development on 19 July 2020 for AED 910,888, or AED 767 per sqft.
  • Rented since September 2020 on 4 Ejari contracts, from AED 51,000 to AED 56,300 a year.
  • At AED 56,300 a year the gross yield on the 2020 price is 6.2%, before a service charge of about AED 18,400 a year (AED 15.52 per sqft).
  • Two-beds in Warda 1 sold for AED 1,240,000–1,625,888 in the 12 months to November 2026; the building's median across all types is AED 1,384 per sqft.

Source: Dubai Land Department. Updated 1 October 2023.

Questions about 1308, Warda 1

What did unit 1308 last sell for?

AED 910,888 on 19 July 2020, sold by the developer: AED 767 per sqft for 1,186 sqft. It is the only registered sale of the unit.

What is the rent for unit 1308?

AED 56,300 a year on the contract renewed on 1 October 2023. The previous contract, from October 2022, was AED 53,600; the unit has been rented since September 2020.

How big is unit 1308?

1,186 sqft (110.2 sqm): a two-bedroom apartment on the 13th floor of a 19-storey tower completed in 2019.

What is unit 1308 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Warda 1 sold for AED 1,240,000 to 1,625,888 in the last 12 months, around AED 1,384 per sqft.

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Mortgage on 1308, Warda 1

Starts from the last sale price (AED 911K, 19 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 910,888
Deposit, UAE resident (20%)
AED 182,178
Deposit, non-resident (40%)
AED 364,355
Monthly over 25 years at 3.7%
AED 3,727

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