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2-bed · 1,611 sqftWarda 2, Town Square · 1st floor · completed 2019

118, Warda 2

Sold prices and rental history: sold once, by the developer in December 2017, and rented once, from October 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 118 · DLD and Ejari recordsUpdated 1 October 2020
Last soldAED 1.07M18 December 2017
Current rentAED 60K /yr1 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 118, Warda 2

What is 118 worth today?

Last sold for AED 1,072,888 in 2017

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1 Oct 2020RentedNew contract
AED 60,000/yr12 months · AED 37 per sqft
18 Dec 2017Sold by developerOff-plan
AED 1,072,888AED 665 per sqft

Source: Dubai Land Department. Updated 1 October 2020.

Key facts

Type
2-bed apartment
Size
1,611 sqft
Floor
1st of 6
Parking
P-372
Developer
Nshmi Development
Completed
2019
Service charge
AED 25,000 /yr
Last sold
AED 1.07M · December 2017
Building
Warda 2

About 118, Warda 2

118 is a two-bedroom apartment of 1,611 sqft on the 1st floor of Warda 2, a 6-storey tower in Town Square completed in 2019 by Nshmi Development. The developer sold it on 18 December 2017 for AED 1,072,888, or AED 665 per sqft, 8% below the AED 719 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2020. The current contract, signed on 1 October 2020, is AED 60,000 a year: a gross yield of 5.6% on the 2017 price, before the service charge of about AED 25,000 a year.

Sales and rents for 118 over time

Sales
Unit 118, each saleTypical two-bed in Warda 2
800K1M1.2M2016201920222025Typical sale price by year: 2016 AED 889,388; 2017 AED 1,078,388; 2018 AED 919,888; 2020 AED 930,888; 2021 AED 949,888; 2022 AED 850,000; 2023 AED 835,000; 2024 AED 980,000; 2025 AED 1,227,500Sold by developer, December 2017: AED 1,072,888 (AED 665 per sqft)

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

Rents
Unit 118, each contractTypical two-bed in Warda 2
40K60K80K2020202220242026Typical rent by year: 2020 AED 45,000; 2021 AED 45,150; 2022 AED 54,000; 2023 AED 59,700; 2024 AED 80,000; 2025 AED 86,000; 2026 AED 87,000New contract, October 2020: AED 60,000 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 2, and where 118 sits

All 65 2-beds →

118 last sold in December 2017 at AED 665 per sqft, 8% below what two-beds in Warda 2 were fetching at the time (AED 719). Over the last 12 months two-beds sold for AED 1,220,000 to 1,400,000, around AED 988 per sqft, and rent for AED 71,000 to 115,000 a year. 118's AED 60,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Aug 20261,400,000
30 Jan 20261,220,000
20 Oct 20251,245,000
13 Oct 20251,360,000
2 2-bed sales in the last 12 months

Warda 2

Building

119 apartments, 1-bed to 3-bed over 6 floors in Town Square, completed in 2019 by Nshmi Development. 7 sold in the last 12 months.

Typical price per sqft
AED 1,213
Typical sale
AED 900K
Typical rent
AED 80K /yr
Typical yield
6.8%
Warda 2, Town Square: prices, sales and rents →

Other units on the 1st floor

All 119 units in Warda 2
Value
1011-bedAED 850K · Jan 2025
1021-bedAED 650K · Nov 2023
1032-bedAED 1.15M · Oct 2017
1041-bedAED 616K · Aug 2020
1051-bedAED 900K · Dec 2025
1061-bedAED 731K · Nov 2020
1071-bedAED 731K · Nov 2020
1–7 of 27

118, Warda 2 in numbers

  • Sold once: by Nshmi Development on 18 December 2017 for AED 1,072,888, or AED 665 per sqft.
  • Rented since October 2020 on one Ejari contract, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2017 price is 5.6%, before a service charge of about AED 25,000 a year (AED 15.52 per sqft).
  • Two-beds in Warda 2 sold for AED 1,220,000–1,400,000 in the 12 months to November 2026; the building's median across all types is AED 1,213 per sqft.

Source: Dubai Land Department. Updated 1 October 2020.

Questions about 118, Warda 2

What did unit 118 last sell for?

AED 1,072,888 on 18 December 2017, sold by the developer: AED 665 per sqft for 1,611 sqft. It is the only registered sale of the unit.

What is the rent for unit 118?

AED 60,000 a year on the contract signed on 1 October 2020.

How big is unit 118?

1,611 sqft (149.7 sqm): a two-bedroom apartment on the 1st floor of a 6-storey tower completed in 2019.

What is unit 118 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Warda 2 sold for AED 1,220,000 to 1,400,000 in the last 12 months, around AED 988 per sqft.

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Mortgage on 118, Warda 2

Starts from the last sale price (AED 1.07M, 18 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,072,888
Deposit, UAE resident (20%)
AED 214,578
Deposit, non-resident (40%)
AED 429,155
Monthly over 25 years at 3.7%
AED 4,390

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