2-bed · 1,278 sqftRahaal 1, Umm Suqeim Third · 3rd floor · completed 2021

301, Rahaal 1

Sold prices and rental history: sold once, by the developer in November 2019, and rented once, from January 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 23 January 2024
Last soldAED 2.25M26 November 2019
Current rentAED 250K /yr23 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 301, Rahaal 1

What is 301 worth today?

Last sold for AED 2,250,000 in 2019

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23 Jan 2024RentedNew contract
AED 250,000/yr12 months · AED 196 per sqft
26 Nov 2019Sold by developerOff-plan
AED 2,250,000AED 1,760 per sqft

Source: Dubai Land Department. Updated 23 January 2024.

Key facts

Type
2-bed apartment
Size
1,278 sqft
Floor
3rd of 9
Parking
G-185
Developer
Jumeirah Hills Development
Completed
2021
Service charge
AED 29,400 /yr
Last sold
AED 2.25M · November 2019
Building
Rahaal 1

About 301, Rahaal 1

301 is a two-bedroom apartment of 1,278 sqft on the 3rd floor of Rahaal 1, a 9-storey tower in Umm Suqeim Third completed in 2021 by Jumeirah Hills Development . The developer sold it on 26 November 2019 for AED 2,250,000, or AED 1,760 per sqft, 8% above the AED 1,625 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 23 January 2024. The current contract, signed on 23 January 2024, is AED 250,000 a year: a gross yield of 11.1% on the 2019 price, before the service charge of about AED 29,400 a year.

Sales and rents for 301 over time

Sales
Unit 301, each saleTypical two-bed in Rahaal 1
2M3M4M2019202120232025Typical sale price by year: 2019 AED 2,316,000; 2020 AED 2,308,000; 2021 AED 2,326,000; 2022 AED 3,800,000; 2023 AED 3,575,000; 2025 AED 4,000,000Sold by developer, November 2019: AED 2,250,000 (AED 1,760 per sqft)

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

Rents
Unit 301, each contractTypical two-bed in Rahaal 1
200K225K250K202220242026Typical rent by year: 2022 AED 197,500; 2023 AED 236,500; 2024 AED 227,500; 2025 AED 235,000; 2026 AED 212,250New contract, January 2024: AED 250,000 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 Rahaal 1, and where 301 sits

All 34 2-beds →

301 last sold in November 2019 at AED 1,760 per sqft, 8% above what two-beds in Rahaal 1 were fetching at the time (AED 1,625). Over the last 12 months two-beds sold for AED 4,250,000, around AED 2,641 per sqft, and rent for AED 160,000 to 380,000 a year. 301's AED 250,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Feb 20264,250,000
5 Nov 20254,000,000
22 Aug 20253,800,000
5 Mar 20254,150,000
1 2-bed sale in the last 12 months

Rahaal 1

Building

103 apartments, 1-bed to 4-bed over 9 floors in Umm Suqeim Third, completed in 2021 by Jumeirah Hills Development . 8 sold in the last 12 months.

Typical price per sqft
AED 2,879
Typical sale
AED 5.2M
Typical rent
AED 138K /yr
Typical yield
5.0%
Rahaal 1, Umm Suqeim Third: prices, sales and rents →

Other units on the 3rd floor

All 103 units in Rahaal 1
Value
3022-bedAED 4.38M · Sep 2022
3032-bedAED 2.34M · Jan 2022
3041-bedAED 2M · Nov 2023
3052-bedAED 4.28M · Nov 2023
3061-bedAED 1.32M · Nov 2019
3071-bedAED 1.31M · Apr 2020
3081-bedAED 1.32M · Aug 2021
1–7 of 13

301, Rahaal 1 in numbers

  • Sold once: by Jumeirah Hills Development on 26 November 2019 for AED 2,250,000, or AED 1,760 per sqft.
  • Rented since January 2024 on one Ejari contract, at AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2019 price is 11.1%, before a service charge of about AED 29,400 a year (AED 22.96 per sqft).
  • Two-beds in Rahaal 1 sold for AED 4,250,000–4,250,000 in the 12 months to November 2026; the building's median across all types is AED 2,879 per sqft.

Source: Dubai Land Department. Updated 23 January 2024.

Questions about 301, Rahaal 1

What did unit 301 last sell for?

AED 2,250,000 on 26 November 2019, sold by the developer: AED 1,760 per sqft for 1,278 sqft. It is the only registered sale of the unit.

What is the rent for unit 301?

AED 250,000 a year on the contract signed on 23 January 2024.

How big is unit 301?

1,278 sqft (118.7 sqm): a two-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2021.

What is unit 301 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Rahaal 1 sold for AED 4,250,000 to 4,250,000 in the last 12 months, around AED 2,641 per sqft.

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Mortgage on 301, Rahaal 1

Starts from the last sale price (AED 2.25M, 26 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,250,000
Deposit, UAE resident (20%)
AED 450,000
Deposit, non-resident (40%)
AED 900,000
Monthly over 25 years at 3.7%
AED 9,205

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