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2-bed · 940 sqftWarda 1, Town Square · 14th floor · completed 2019

1407, Warda 1

Sold prices and rental history: sold once, by the developer in February 2017, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1407 · DLD and Ejari recordsUpdated 20 May 2024
Last soldAED 884K22 February 2017
Current rentAED 59K /yr20 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1407, Warda 1

What is 1407 worth today?

Last sold for AED 883,888 in 2017

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20 May 2024RentedRenewal
AED 59,000/yr12 months · AED 63 per sqft
20 May 2023RentedRenewal
AED 55,000/yr12 months · AED 59 per sqft
20 May 2022RentedNew contract
AED 45,000/yr12 months · AED 48 per sqft
1 Mar 2021RentedNew contract
AED 42,000/yr12 months · AED 45 per sqft
22 Feb 2017Sold by developerOff-plan
AED 883,888AED 940 per sqft

Source: Dubai Land Department. Updated 20 May 2024.

Key facts

Type
2-bed apartment
Size
940 sqft
Floor
14th of 19
Parking
P-243
Developer
Nshmi Development
Completed
2019
Service charge
AED 14,600 /yr
Last sold
AED 884K · February 2017
Building
Warda 1

About 1407, Warda 1

1407 is a two-bedroom apartment of 940 sqft on the 14th floor of Warda 1, a 19-storey tower in Town Square completed in 2019 by Nshmi Development. The developer sold it on 22 February 2017 for AED 883,888, or AED 940 per sqft, 10% below the AED 1,046 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 20 May 2024, is AED 59,000 a year: a gross yield of 6.7% on the 2017 price, before the service charge of about AED 14,600 a year.

Sales and rents for 1407 over time

Sales
Unit 1407, 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, February 2017: AED 883,888 (AED 940 per sqft)

1407 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1407, each contractTypical two-bed in Warda 1
40K60K80K2020202220242026Typical 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, March 2021: AED 42,000 a yearNew contract, May 2022: AED 45,000 a yearRenewal, May 2023: AED 55,000 a yearRenewal, May 2024: AED 59,000 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 Warda 1, and where 1407 sits

All 108 2-beds →

1407 last sold in February 2017 at AED 940 per sqft, 10% below what two-beds in Warda 1 were fetching at the time (AED 1,046). 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. 1407's AED 59,000 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 14th floor

All 153 units in Warda 1
Value
14013-bedAED 1.66M · Feb 2017
14022-bedAED 880K · Feb 2017
14032-bedAED 881K · Feb 2017
14043-bedAED 1.66M · Feb 2017
14052-bedAED 1.11M · Feb 2017
14062-bedAED 885K · Feb 2017
14082-bedAED 1.11M · Feb 2017

1407, Warda 1 in numbers

  • Sold once: by Nshmi Development on 22 February 2017 for AED 883,888, or AED 940 per sqft.
  • Rented since March 2021 on 4 Ejari contracts, from AED 42,000 to AED 59,000 a year.
  • At AED 59,000 a year the gross yield on the 2017 price is 6.7%, before a service charge of about AED 14,600 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 20 May 2024.

Questions about 1407, Warda 1

What did unit 1407 last sell for?

AED 883,888 on 22 February 2017, sold by the developer: AED 940 per sqft for 940 sqft. It is the only registered sale of the unit.

What is the rent for unit 1407?

AED 59,000 a year on the contract renewed on 20 May 2024. The previous contract, from May 2023, was AED 55,000; the unit has been rented since March 2021.

How big is unit 1407?

940 sqft (87.3 sqm): a two-bedroom apartment on the 14th floor of a 19-storey tower completed in 2019.

What is unit 1407 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 1407, Warda 1

Starts from the last sale price (AED 884K, 22 February 2017). Switch to today's estimate once you have unlocked it.
Price
AED 883,888
Deposit, UAE resident (20%)
AED 176,778
Deposit, non-resident (40%)
AED 353,555
Monthly over 25 years at 3.7%
AED 3,616

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