1502, Warda 1
Sold prices and rental history: sold once, by the developer in March 2016, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Warda 1
What is 1502 worth today?
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Source: Dubai Land Department. Updated 20 June 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 941 sqft
- Floor
- 15th of 19
- Parking
- P-233
- Developer
- Nshmi Development
- Completed
- 2019
- Service charge
- AED 14,600 /yr
- Last sold
- AED 1.23M · March 2016
- Building
- Warda 1
About 1502, Warda 1
1502 is a two-bedroom apartment of 941 sqft on the 15th floor of Warda 1, a 19-storey tower in Town Square completed in 2019 by Nshmi Development. The developer sold it on 14 March 2016 for AED 1,233,888, or AED 1,311 per sqft, 12% above the AED 1,168 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 20 June 2024, is AED 56,000 a year: a gross yield of 4.5% on the 2016 price, before the service charge of about AED 14,600 a year.
Sales and rents for 1502 over time
1502 has sold once; the dashed line is the two-bed median of each year in the building.
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 1502 sits
All 108 2-beds →1502 last sold in March 2016 at AED 1,311 per sqft, 12% above what two-beds in Warda 1 were fetching at the time (AED 1,168). 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. 1502's AED 56,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Nov 20264 November 2026 | 986 sqft | 1,500,888 | 1,521 | ||
| 3 Nov 20263 November 2026 | 1,186 sqft | 1,520,000 | 1,281 | ||
| 15 Sep 202615 September 2026 | 939 sqft | 1,485,000 | 1,581 | ||
| 30 Jul 202630 July 2026 | 1,183 sqft | 1,550,000 | 1,309 |
Warda 1
Building153 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%
Other units on the 15th floor
All 153 units in Warda 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 3-bed | 1,866 sqft | AED 1.85MAED 1,850,000 · Sep 2023September 2023 | 71,429 /yr | |
| 1503 | 2-bed | 940 sqft | AED 1.25MAED 1,247,888 · Mar 2016March 2016 | 75,000 /yr | |
| 1504 | 3-bed | 1,860 sqft | AED 1.8MAED 1,800,000 · May 2023May 2023 | 77,000 /yr | |
| 1505 | 2-bed | 1,183 sqft | AED 1.55MAED 1,550,000 · Jul 2026July 2026 | 65,000 /yr | |
| 1506 | 2-bed | 941 sqft | AED 780KAED 780,000 · Aug 2022August 2022 | 93,000 /yr | |
| 1507 | 2-bed | 940 sqft | AED 880KAED 880,000 · Oct 2023October 2023 | 45,000 /yr | |
| 1508 | 2-bed | 1,186 sqft | AED 957KAED 956,888 · Feb 2020February 2020 | 94,500 /yr |
1502, Warda 1 in numbers
- Sold once: by Nshmi Development on 14 March 2016 for AED 1,233,888, or AED 1,311 per sqft.
- Rented since June 2020 on 5 Ejari contracts, from AED 45,000 to AED 56,000 a year.
- At AED 56,000 a year the gross yield on the 2016 price is 4.5%, 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 June 2024.
Questions about 1502, Warda 1
What did unit 1502 last sell for?
AED 1,233,888 on 14 March 2016, sold by the developer: AED 1,311 per sqft for 941 sqft. It is the only registered sale of the unit.
What is the rent for unit 1502?
AED 56,000 a year on the contract renewed on 20 June 2024. The previous contract, from June 2023, was AED 52,000; the unit has been rented since June 2020.
How big is unit 1502?
941 sqft (87.4 sqm): a two-bedroom apartment on the 15th floor of a 19-storey tower completed in 2019.
What is unit 1502 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 1502, Warda 1
Starts from the last sale price (AED 1.23M, 14 March 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,233,888
- Deposit, UAE resident (20%)
- AED 246,778
- Deposit, non-resident (40%)
- AED 493,555
- Monthly over 25 years at 3.7%
- AED 5,048
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →