3-bed · 1,860 sqftWarda 1, Town Square · 15th floor · completed 2019

1504, Warda 1

Sold prices and rental history: sold twice, last in May 2023, and rented once, from January 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1504 · DLD and Ejari recordsUpdated 10 May 2023
Last soldAED 1.8M10 May 2023
Current rentAED 77K /yr1 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1504, Warda 1

What is 1504 worth today?

Last sold for AED 1,800,000 in 2023

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10 May 2023SoldReady
AED 1,800,000AED 967 per sqft
1 Jan 2021RentedNew contract
AED 77,000/yr12 months · AED 41 per sqft
6 Dec 2020Sold by developerReady
AED 1,560,888AED 839 per sqft

Source: Dubai Land Department. Updated 10 May 2023.

Key facts

Type
3-bed apartment
Size
1,860 sqft
Floor
15th of 19
Parking
P-314, P-315
Developer
Nshmi Development
Completed
2019
Service charge
AED 28,900 /yr
Last sold
AED 1.8M · May 2023
Building
Warda 1

About 1504, Warda 1

1504 is a three-bedroom apartment of 1,860 sqft on the 15th floor of Warda 1, a 19-storey tower in Town Square completed in 2019 by Nshmi Development. It last sold on 10 May 2023 for AED 1,800,000, or AED 967 per sqft, 10% above the AED 879 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 January 2021. The current contract, signed on 1 January 2021, is AED 77,000 a year: a gross yield of 4.3% on the 2023 price, before the service charge of about AED 28,900 a year.

Sales and rents for 1504 over time

Sales
Unit 1504, each saleTypical three-bed in Warda 1
1.5M2M2.5M2016201920222025Typical sale price by year: 2016 AED 1,986,888; 2017 AED 1,937,888; 2018 AED 1,812,888; 2020 AED 1,630,888; 2021 AED 1,599,888; 2023 AED 1,825,000; 2024 AED 1,910,000; 2025 AED 2,350,888; 2026 AED 2,625,000Sold by developer, December 2020: AED 1,560,888 (AED 839 per sqft)Sold, May 2023: AED 1,800,000 (AED 967 per sqft)

1504 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1504, each contractTypical three-bed in Warda 1
75K100K125K2020202220242026Typical rent by year: 2020 AED 70,000; 2021 AED 73,250; 2022 AED 82,250; 2023 AED 90,100; 2024 AED 100,000; 2025 AED 117,500; 2026 AED 117,500New contract, January 2021: AED 77,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Warda 1, and where 1504 sits

All 38 3-beds →

1504 last sold in May 2023 at AED 967 per sqft, 10% above what three-beds in Warda 1 were fetching at the time (AED 879). Over the last 12 months three-beds sold for AED 2,400,000 to 3,000,000, around AED 1,483 per sqft, and rent for AED 88,339 to 140,000 a year. 1504's AED 77,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
21 Aug 20262,625,000
22 Jul 20263,000,000
29 Jan 20262,400,000
15 Sep 20251,900,000
3 3-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 15th floor

All 153 units in Warda 1
Value
15013-bedAED 1.85M · Sep 2023
15022-bedAED 1.23M · Mar 2016
15032-bedAED 1.25M · Mar 2016
15052-bedAED 1.55M · Jul 2026
15062-bedAED 780K · Aug 2022
15072-bedAED 880K · Oct 2023
15082-bedAED 957K · Feb 2020

1504, Warda 1 in numbers

  • Sold twice: first on 6 December 2020 for AED 1,560,888, last on 10 May 2023 for AED 1,800,000 (AED 967 per sqft).
  • Rented since January 2021 on one Ejari contract, at AED 77,000 a year.
  • At AED 77,000 a year the gross yield on the 2023 price is 4.3%, before a service charge of about AED 28,900 a year (AED 15.52 per sqft).
  • Three-beds in Warda 1 sold for AED 2,400,000–3,000,000 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 10 May 2023.

Questions about 1504, Warda 1

What did unit 1504 last sell for?

AED 1,800,000 on 10 May 2023: AED 967 per sqft for 1,860 sqft. The unit has 2 registered sales; the first was AED 1,560,888 in December 2020.

What is the rent for unit 1504?

AED 77,000 a year on the contract signed on 1 January 2021.

How big is unit 1504?

1,860 sqft (172.8 sqm): a three-bedroom apartment on the 15th floor of a 19-storey tower completed in 2019.

What is unit 1504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Warda 1 sold for AED 2,400,000 to 3,000,000 in the last 12 months, around AED 1,483 per sqft.

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Mortgage on 1504, Warda 1

Starts from the last sale price (AED 1.8M, 10 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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