2-bed · 1,413 sqftBennett House 1, Uptown Motorcity · 3rd floor

302, Bennett House 1

Sold prices and rental history: sold twice, last in July 2013, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 1 August 2013
Last soldAED 1.04M17 July 2013
Current rentAED 72K /yr1 August 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Bennett House 1

What is 302 worth today?

Last sold for AED 1,038,555 in 2013

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1 Aug 2013RentedRenewal
AED 72,450/yr12 months · AED 51 per sqft
17 Jul 2013SoldReady
AED 1,038,555AED 735 per sqft
1 Aug 2012RentedNew contract
AED 69,000/yr12 months · AED 49 per sqft
9 Feb 2011Sold by developerReady
AED 706,500AED 500 per sqft

Source: Dubai Land Department. Updated 1 August 2013.

Key facts

Type
2-bed apartment
Size
1,413 sqft
Floor
3rd of 3
Parking
76-75
Service charge
AED 20,000 /yr
Last sold
AED 1.04M · July 2013

About 302, Bennett House 1

302 is a two-bedroom apartment of 1,413 sqft on the 3rd floor of Bennett House 1, a 3-storey tower in Uptown Motorcity. It last sold on 17 July 2013 for AED 1,038,555, or AED 735 per sqft, in line with the AED 734 two-beds in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, renewed on 1 August 2013, is AED 72,450 a year: a gross yield of 7.0% on the 2013 price, before the service charge of about AED 20,000 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical two-bed in Bennett House 1
800K1M2011201220132014Typical sale price by year: 2011 AED 719,500; 2013 AED 1,069,058Sold by developer, February 2011: AED 706,500 (AED 500 per sqft)Sold, July 2013: AED 1,038,555 (AED 735 per sqft)

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

Rents
Unit 302, each contractTypical two-bed in Bennett House 1
100K2012201620202024Typical rent by year: 2012 AED 72,000; 2013 AED 72,450; 2014 AED 100,500; 2015 AED 120,000; 2016 AED 105,000; 2017 AED 106,500; 2018 AED 103,000; 2019 AED 90,000; 2020 AED 78,381; 2021 AED 68,500; 2022 AED 78,750; 2023 AED 84,000; 2024 AED 110,000; 2025 AED 130,000New contract, August 2012: AED 69,000 a yearRenewal, August 2013: AED 72,450 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 Bennett House 1, and where 302 sits

All 16 2-beds →

302 last sold in July 2013 at AED 735 per sqft, in line with what two-beds in Bennett House 1 were fetching at the time (AED 734). 302's AED 72,450 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Mar 20241,295,000
18 Jan 2021830,000
28 Sep 20161,560,000
29 Dec 20151,575,000
0 2-bed sales in the last 12 months

Bennett House 1

Building

58 apartments, studios to 3-bed over 3 floors in Uptown Motorcity. 4 sold in the last 12 months.

Typical price per sqft
AED 1,002
Typical sale
AED 990K
Typical rent
AED 75K /yr
Typical yield
7.2%
Bennett House 1, Uptown Motorcity: prices, sales and rents →

Other units on the 3rd floor

All 58 units in Bennett House 1
Value
3011-bedAED 645K · Dec 2022
3031-bedAED 948K · Feb 2014
3041-bedAED 760K · Dec 2023
3051-bedAED 800K · Jan 2024
3062-bedAED 1.56M · Sep 2016
3071-bedAED 983K · May 2014
3083-bedAED 1.93M · Feb 2014
1–7 of 14

302, Bennett House 1 in numbers

  • Sold twice: first on 9 February 2011 for AED 706,500, last on 17 July 2013 for AED 1,038,555 (AED 735 per sqft).
  • Rented since August 2012 on 2 Ejari contracts, from AED 69,000 to AED 72,450 a year.
  • At AED 72,450 a year the gross yield on the 2013 price is 7.0%, before a service charge of about AED 20,000 a year (AED 14.12 per sqft).

Source: Dubai Land Department. Updated 1 August 2013.

Questions about 302, Bennett House 1

What did unit 302 last sell for?

AED 1,038,555 on 17 July 2013: AED 735 per sqft for 1,413 sqft. The unit has 2 registered sales; the first was AED 706,500 in February 2011.

What is the rent for unit 302?

AED 72,450 a year on the contract renewed on 1 August 2013. The previous contract, from August 2012, was AED 69,000.

How big is unit 302?

1,413 sqft (131.3 sqm): a two-bedroom apartment on the 3rd floor of a 3-storey tower.

What is unit 302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 302, Bennett House 1

Starts from the last sale price (AED 1.04M, 17 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,038,555
Deposit, UAE resident (20%)
AED 207,711
Deposit, non-resident (40%)
AED 415,422
Monthly over 25 years at 3.7%
AED 4,249

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