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

306, Bennett House 1

Sold prices and rental history: sold 4 times, last in September 2016, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 28 September 2016
Last soldAED 1.56M28 September 2016
Current rentAED 120K /yr1 October 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 306, Bennett House 1

What is 306 worth today?

Last sold for AED 1,560,000 in 2016

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28 Sep 2016SoldReady
AED 1,560,000AED 1,104 per sqft
1 Oct 2015RentedNew contract
AED 120,000/yr12 months · AED 85 per sqft
1 May 2015RentedRenewal
AED 119,048/yr2 months · AED 84 per sqft
1 Jul 2014RentedNew contract
AED 79,696/yr10 months · AED 57 per sqft
5 Dec 2013SoldReady
AED 1,250,000AED 884 per sqft
30 Sep 2013SoldReady
AED 1,095,075AED 775 per sqft
1 Jul 2013RentedRenewal
AED 72,450/yr12 months · AED 51 per sqft
1 Jul 2012RentedNew contract
AED 69,000/yr12 months · AED 49 per sqft

Source: Dubai Land Department. Updated 28 September 2016.

Key facts

Type
2-bed apartment
Size
1,413 sqft
Floor
3rd of 3
Parking
46-47
Service charge
AED 20,000 /yr
Last sold
AED 1.56M · September 2016
Building
Bennett House 1

About 306, Bennett House 1

306 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 28 September 2016 for AED 1,560,000, or AED 1,104 per sqft.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, signed on 1 October 2015, is AED 120,000 a year: a gross yield of 7.7% on the 2016 price, before the service charge of about AED 20,000 a year.

Sales and rents for 306 over time

Sales
Unit 306, each saleTypical two-bed in Bennett House 1
1M1.5M2011201320152017Typical 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, September 2013: AED 1,095,075 (AED 775 per sqft)Sold, December 2013: AED 1,250,000 (AED 884 per sqft)Sold, September 2016: AED 1,560,000 (AED 1,104 per sqft)

306 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 306, 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, July 2012: AED 69,000 a yearRenewal, July 2013: AED 72,450 a yearNew contract, July 2014: AED 79,696 a yearRenewal, May 2015: AED 119,048 a yearNew contract, October 2015: AED 120,000 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 Bennett House 1, and where 306 sits

All 16 2-beds →

306's AED 120,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Mar 20241,295,000
18 Jan 2021830,000
29 Dec 20151,575,000
28 Nov 20131,340,000
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
3022-bedAED 1.04M · Jul 2013
3031-bedAED 948K · Feb 2014
3041-bedAED 760K · Dec 2023
3051-bedAED 800K · Jan 2024
3071-bedAED 983K · May 2014
3083-bedAED 1.93M · Feb 2014
1–7 of 14

306, Bennett House 1 in numbers

  • Sold 4 times: first on 9 February 2011 for AED 706,500, last on 28 September 2016 for AED 1,560,000 (AED 1,104 per sqft).
  • Rented since July 2012 on 5 Ejari contracts, from AED 69,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2016 price is 7.7%, before a service charge of about AED 20,000 a year (AED 14.12 per sqft).

Source: Dubai Land Department. Updated 28 September 2016.

Questions about 306, Bennett House 1

What did unit 306 last sell for?

AED 1,560,000 on 28 September 2016: AED 1,104 per sqft for 1,413 sqft. The unit has 4 registered sales; the first was AED 706,500 in February 2011.

What is the rent for unit 306?

AED 120,000 a year on the contract signed on 1 October 2015. The previous contract, from May 2015, was AED 119,048; the unit has been rented since July 2012.

How big is unit 306?

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

What is unit 306 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 306, Bennett House 1

Starts from the last sale price (AED 1.56M, 28 September 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,560,000
Deposit, UAE resident (20%)
AED 312,000
Deposit, non-resident (40%)
AED 624,000
Monthly over 25 years at 3.7%
AED 6,382

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