3-bed · 1,775 sqftWarda 1, Town Square · 6th floor · completed 2019

601, Warda 1

Sold prices and rental history: sold twice, last in June 2024, and rented once, from May 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 6 June 2024
Last soldAED 2.2M6 June 2024
Current rentAED 120K /yr10 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 601, Warda 1

What is 601 worth today?

Last sold for AED 2,200,000 in 2024

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6 Jun 2024SoldReady
AED 2,200,000AED 1,239 per sqft
10 May 2023RentedNew contract
AED 120,000/yr12 months · AED 68 per sqft
3 Feb 2021Sold by developerReady
AED 1,599,888AED 901 per sqft

Source: Dubai Land Department. Updated 6 June 2024.

Key facts

Type
3-bed apartment
Size
1,775 sqft
Floor
6th of 19
Parking
P-353, P-354
Developer
Nshmi Development
Completed
2019
Service charge
AED 27,500 /yr
Last sold
AED 2.2M · June 2024
Building
Warda 1

About 601, Warda 1

601 is a three-bedroom apartment of 1,775 sqft on the 6th floor of Warda 1, a 19-storey tower in Town Square completed in 2019 by Nshmi Development. It last sold on 6 June 2024 for AED 2,200,000, or AED 1,239 per sqft, 32% above the AED 938 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 May 2023. The current contract, signed on 10 May 2023, is AED 120,000 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 27,500 a year.

Sales and rents for 601 over time

Sales
Unit 601, 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, February 2021: AED 1,599,888 (AED 901 per sqft)Sold, June 2024: AED 2,200,000 (AED 1,239 per sqft)

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

Rents
Unit 601, 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, May 2023: AED 120,000 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 601 sits

All 38 3-beds →

601 last sold in June 2024 at AED 1,239 per sqft, 32% above what three-beds in Warda 1 were fetching at the time (AED 938). 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. 601's AED 120,000 is in the upper half 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 6th floor

All 153 units in Warda 1
Value
6022-bedAED 1.09M · Dec 2020
6032-bedAED 1.05M · Jun 2024
6043-bedAED 1.81M · Jul 2018
6052-bedAED 1.5M · Apr 2026
6062-bedAED 921K · Mar 2018
6072-bedAED 904K · Mar 2018
6082-bedAED 901K · Jul 2020

601, Warda 1 in numbers

  • Sold twice: first on 3 February 2021 for AED 1,599,888, last on 6 June 2024 for AED 2,200,000 (AED 1,239 per sqft).
  • Rented since May 2023 on one Ejari contract, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2024 price is 5.5%, before a service charge of about AED 27,500 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 6 June 2024.

Questions about 601, Warda 1

What did unit 601 last sell for?

AED 2,200,000 on 6 June 2024: AED 1,239 per sqft for 1,775 sqft. The unit has 2 registered sales; the first was AED 1,599,888 in February 2021.

What is the rent for unit 601?

AED 120,000 a year on the contract signed on 10 May 2023.

How big is unit 601?

1,775 sqft (164.9 sqm): a three-bedroom apartment on the 6th floor of a 19-storey tower completed in 2019.

What is unit 601 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 601, Warda 1

Starts from the last sale price (AED 2.2M, 6 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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