1-bed · 831 sqftRahaal 1, Umm Suqeim Third · 3rd floor · completed 2021

304, Rahaal 1

Sold prices and rental history: sold twice, last in November 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304 · DLD and Ejari recordsUpdated 15 November 2023
Last soldAED 2M15 November 2023
Current rentAED 121K /yr18 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 304, Rahaal 1

What is 304 worth today?

Last sold for AED 2,000,000 in 2023

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15 Nov 2023SoldReady
AED 2,000,000AED 2,408 per sqft
18 Oct 2023RentedNew contract
AED 121,000/yr12 months · AED 146 per sqft
27 Sep 2022RentedNew contract
AED 95,000/yr12 months · AED 115 per sqft
27 Nov 2019Sold by developerOff-plan
AED 1,361,000AED 1,638 per sqft

Source: Dubai Land Department. Updated 15 November 2023.

Key facts

Type
1-bed apartment
Size
831 sqft
Floor
3rd of 9
Parking
L1-36
Developer
Jumeirah Hills Development
Completed
2021
Service charge
AED 19,100 /yr
Last sold
AED 2M · November 2023
Building
Rahaal 1

About 304, Rahaal 1

304 is a one-bedroom apartment of 831 sqft on the 3rd floor of Rahaal 1, a 9-storey tower in Umm Suqeim Third completed in 2021 by Jumeirah Hills Development . It last sold on 15 November 2023 for AED 2,000,000, or AED 2,408 per sqft, in line with the AED 2,453 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 18 October 2023, is AED 121,000 a year: a gross yield of 6.0% on the 2023 price, before the service charge of about AED 19,100 a year.

Sales and rents for 304 over time

Sales
Unit 304, each saleTypical one-bed in Rahaal 1
1.5M2M2.5M2019202120232025Typical sale price by year: 2019 AED 1,344,000; 2020 AED 1,350,000; 2021 AED 1,332,000; 2022 AED 1,767,000; 2023 AED 2,130,000; 2024 AED 2,100,000; 2025 AED 2,350,000Sold by developer, November 2019: AED 1,361,000 (AED 1,638 per sqft)Sold, November 2023: AED 2,000,000 (AED 2,408 per sqft)

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

Rents
Unit 304, each contractTypical one-bed in Rahaal 1
100K120K202220242026Typical rent by year: 2022 AED 100,000; 2023 AED 120,500; 2024 AED 125,000; 2025 AED 130,000; 2026 AED 120,000New contract, September 2022: AED 95,000 a yearNew contract, October 2023: AED 121,000 a year

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

1-beds in Rahaal 1, and where 304 sits

All 54 1-beds →

304 last sold in November 2023 at AED 2,408 per sqft, in line with what one-beds in Rahaal 1 were fetching at the time (AED 2,453). Over the last 12 months one-beds sold for AED 2,225,000 to 2,230,000, around AED 2,634 per sqft, and rent for AED 95,000 to 160,000 a year. 304's AED 121,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
15 Oct 20262,230,000
27 Jul 202644,561
6 Jan 202634,318
18 Nov 20252,225,000
4 1-bed sales 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
3012-bedAED 2.25M · Nov 2019
3022-bedAED 4.38M · Sep 2022
3032-bedAED 2.34M · Jan 2022
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

304, Rahaal 1 in numbers

  • Sold twice: first on 27 November 2019 for AED 1,361,000, last on 15 November 2023 for AED 2,000,000 (AED 2,408 per sqft).
  • Rented since September 2022 on 2 Ejari contracts, from AED 95,000 to AED 121,000 a year.
  • At AED 121,000 a year the gross yield on the 2023 price is 6.0%, before a service charge of about AED 19,100 a year (AED 22.96 per sqft).
  • One-beds in Rahaal 1 sold for AED 2,225,000–2,230,000 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 15 November 2023.

Questions about 304, Rahaal 1

What did unit 304 last sell for?

AED 2,000,000 on 15 November 2023: AED 2,408 per sqft for 831 sqft. The unit has 2 registered sales; the first was AED 1,361,000 in November 2019.

What is the rent for unit 304?

AED 121,000 a year on the contract signed on 18 October 2023. The previous contract, from September 2022, was AED 95,000.

How big is unit 304?

831 sqft (77.2 sqm): a one-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2021.

What is unit 304 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Rahaal 1 sold for AED 2,225,000 to 2,230,000 in the last 12 months, around AED 2,634 per sqft.

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Mortgage on 304, Rahaal 1

Starts from the last sale price (AED 2M, 15 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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