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1-bed · 1,464 sqftNewbridge Hills 2, Uptown Motorcity · 10th floor

1002, Newbridge Hills 2

Sold prices and rental history: sold once, by the developer in March 2011, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 15 July 2024
Last soldAED 1.31M27 March 2011
Current rentAED 57K /yr15 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1002, Newbridge Hills 2

What is 1002 worth today?

Last sold for AED 1,313,000 in 2011

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15 Jul 2024RentedRenewal
AED 56,925/yr12 months · AED 39 per sqft
15 Jul 2023RentedRenewal
AED 49,500/yr12 months · AED 34 per sqft
15 Jul 2022RentedNew contract
AED 45,000/yr12 months · AED 31 per sqft
15 Jul 2021RentedRenewal
AED 42,000/yr12 months · AED 29 per sqft
15 Jul 2020RentedRenewal
AED 48,000/yr12 months · AED 33 per sqft
15 Jul 2019RentedRenewal
AED 57,800/yr12 months · AED 39 per sqft
15 Jul 2018RentedNew contract
AED 64,800/yr12 months · AED 44 per sqft
23 Sep 2014RentedRenewal
AED 70,000/yr12 months · AED 48 per sqft

Source: Dubai Land Department. Updated 15 July 2024.

Key facts

Type
1-bed apartment
Size
1,464 sqft
Floor
10th of 11
Parking
486
Service charge
AED 19,000 /yr
Last sold
AED 1.31M · March 2011
Building
Newbridge Hills 2

About 1002, Newbridge Hills 2

1002 is a one-bedroom apartment of 1,464 sqft on the 10th floor of Newbridge Hills 2, a 11-storey tower in Uptown Motorcity. The developer sold it on 27 March 2011 for AED 1,313,000, or AED 896 per sqft, in line with the AED 888 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 15 July 2024, is AED 56,925 a year: a gross yield of 4.3% on the 2011 price, before the service charge of about AED 19,000 a year.

Sales and rents for 1002 over time

Rents
Unit 1002, each contractTypical one-bed in Newbridge Hills 2
40K60K2012201620202024Typical rent by year: 2012 AED 51,000; 2013 AED 51,000; 2014 AED 55,000; 2015 AED 61,015; 2018 AED 64,800; 2019 AED 57,800; 2020 AED 48,000; 2021 AED 42,000; 2022 AED 48,300; 2023 AED 53,130; 2024 AED 59,230; 2025 AED 63,987; 2026 AED 67,502New contract, November 2012: AED 54,000 a yearNew contract, September 2013: AED 70,000 a yearRenewal, September 2014: AED 70,000 a yearNew contract, July 2018: AED 64,800 a yearRenewal, July 2019: AED 57,800 a yearRenewal, July 2020: AED 48,000 a yearRenewal, July 2021: AED 42,000 a yearNew contract, July 2022: AED 45,000 a yearRenewal, July 2023: AED 49,500 a yearRenewal, July 2024: AED 56,925 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 Newbridge Hills 2, and where 1002 sits

All 40 1-beds →

1002 last sold in March 2011 at AED 896 per sqft, in line with what one-beds in Newbridge Hills 2 were fetching at the time (AED 888). 1002's AED 56,925 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Feb 20151,186,200
8 Dec 2014984,600
5 Apr 20111,263,000
5 Apr 20111,263,000
0 1-bed sales in the last 12 months

Newbridge Hills 2

Building

100 apartments, 1-bed to 3-bed over 11 floors in Uptown Motorcity. 1 sold in the last 12 months.

Typical price per sqft
AED 852
Typical sale
AED 1.4M
Typical rent
AED 100K /yr
Typical yield
5.9%
Newbridge Hills 2, Uptown Motorcity: prices, sales and rents →

Other units on the 10th floor

All 100 units in Newbridge Hills 2
Value
10013-bedAED 2.56M · Mar 2011
10032-bedAED 1.95M · Mar 2011
10041-bedAED 1.31M · Mar 2011
10052-bedAED 1.96M · Mar 2011
10062-bedAED 1.79M · Mar 2011
10071-bedAED 1.27M · Mar 2011
10082-bedAED 1.79M · Mar 2011
1–7 of 9

1002, Newbridge Hills 2 in numbers

  • Sold once: by the developer on 27 March 2011 for AED 1,313,000, or AED 896 per sqft.
  • Rented since November 2012 on 10 Ejari contracts. The rent fell from AED 54,000 to AED 42,000 in 2021 and recovered to AED 56,925 by July 2024.
  • At AED 56,925 a year the gross yield on the 2011 price is 4.3%, before a service charge of about AED 19,000 a year (AED 12.98 per sqft).

Source: Dubai Land Department. Updated 15 July 2024.

Questions about 1002, Newbridge Hills 2

What did unit 1002 last sell for?

AED 1,313,000 on 27 March 2011, sold by the developer: AED 896 per sqft for 1,464 sqft. It is the only registered sale of the unit.

What is the rent for unit 1002?

AED 56,925 a year on the contract renewed on 15 July 2024. The previous contract, from July 2023, was AED 49,500; the unit has been rented since November 2012.

How big is unit 1002?

1,464 sqft (136.0 sqm): a one-bedroom apartment on the 10th floor of a 11-storey tower.

What is unit 1002 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 1002, Newbridge Hills 2

Starts from the last sale price (AED 1.31M, 27 March 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,313,000
Deposit, UAE resident (20%)
AED 262,600
Deposit, non-resident (40%)
AED 525,200
Monthly over 25 years at 3.7%
AED 5,372

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