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3-bed · 2,141 sqftSherlock House 2, Uptown Motorcity · 3rd floor

324, Sherlock House 2

Sold prices and rental history: sold once, by the developer in June 2009, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 324 · DLD and Ejari recordsUpdated 15 July 2018
Last soldAED 1.51M15 June 2009
Current rentAED 120K /yr15 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 324, Sherlock House 2

What is 324 worth today?

Last sold for AED 1,505,750 in 2009

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15 Jul 2018RentedRenewal
AED 120,000/yr12 months · AED 56 per sqft
15 Jul 2017RentedRenewal
AED 120,000/yr12 months · AED 56 per sqft
15 Jul 2016RentedRenewal
AED 120,000/yr12 months · AED 56 per sqft
15 Jul 2015RentedNew contract
AED 120,000/yr12 months · AED 56 per sqft
15 Jul 2014RentedNew contract
AED 110,000/yr12 months · AED 51 per sqft
15 Jul 2013RentedNew contract
AED 100,000/yr12 months · AED 47 per sqft
15 Jul 2012RentedNew contract
AED 91,500/yr12 months · AED 43 per sqft
15 Jun 2009Sold by developerReady
AED 1,505,750AED 703 per sqft

Source: Dubai Land Department. Updated 15 July 2018.

Key facts

Type
3-bed apartment
Size
2,141 sqft
Floor
3rd of 5
Parking
115 in FXH8-178 in FXH8
Service charge
AED 25,500 /yr
Last sold
AED 1.51M · June 2009
Building
Sherlock House 2

About 324, Sherlock House 2

324 is a three-bedroom apartment of 2,141 sqft on the 3rd floor of Sherlock House 2, a 5-storey tower in Uptown Motorcity. The developer sold it on 15 June 2009 for AED 1,505,750, or AED 703 per sqft, 3% below the AED 726 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 15 July 2018, is AED 120,000 a year: a gross yield of 8.0% on the 2009 price, before the service charge of about AED 25,500 a year.

Sales and rents for 324 over time

Rents
Unit 324, each contractTypical three-bed in Sherlock House 2
100K150K2012201620202024Typical rent by year: 2013 AED 100,000; 2014 AED 105,000; 2015 AED 120,000; 2016 AED 137,138; 2017 AED 123,670; 2018 AED 126,000; 2019 AED 110,000; 2020 AED 95,000; 2021 AED 96,000; 2023 AED 110,000; 2026 AED 147,000New contract, July 2012: AED 91,500 a yearNew contract, July 2013: AED 100,000 a yearNew contract, July 2014: AED 110,000 a yearNew contract, July 2015: AED 120,000 a yearRenewal, July 2016: AED 120,000 a yearRenewal, July 2017: AED 120,000 a yearRenewal, July 2018: AED 120,000 a year

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

3-beds in Sherlock House 2, and where 324 sits

All 9 3-beds →

324 last sold in June 2009 at AED 703 per sqft, 3% below what three-beds in Sherlock House 2 were fetching at the time (AED 726). Over the last 12 months three-beds sold for AED 2,375,000, around AED 1,109 per sqft, and rent for AED 110,000 to 160,000 a year. 324's AED 120,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
18 Jun 20262,375,000
25 Jun 20252,350,000
25 Jun 20241,800,000
31 Aug 20231,550,000
1 3-bed sale in the last 12 months

Sherlock House 2

Building

111 apartments, studios to 3-bed over 5 floors in Uptown Motorcity. 11 sold in the last 12 months.

Typical price per sqft
AED 1,028 Up 3.1%
Typical sale
AED 1.08M
Typical rent
AED 90K /yr
Typical yield
7.3%
Sherlock House 2, Uptown Motorcity: prices, sales and rents →

Other units on the 3rd floor

All 111 units in Sherlock House 2
Value
3012-bedAED 1.7M · Apr 2025
3021-bedAED 950K · Jul 2026
3032-bedAED 810K · Feb 2021
3041-bedAED 539K · Oct 2009
3051-bedAED 620K · Jun 2022
3062-bedAED 1.01M · Apr 2019
3071-bedAED 990K · Feb 2014
1–7 of 24

324, Sherlock House 2 in numbers

  • Sold once: by the developer on 15 June 2009 for AED 1,505,750, or AED 703 per sqft.
  • Rented since July 2012 on 7 Ejari contracts, from AED 91,500 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2009 price is 8.0%, before a service charge of about AED 25,500 a year (AED 11.90 per sqft).
  • Three-beds in Sherlock House 2 sold for AED 2,375,000–2,375,000 in the 12 months to November 2026; the building's median across all types is AED 1,028 per sqft.

Source: Dubai Land Department. Updated 15 July 2018.

Questions about 324, Sherlock House 2

What did unit 324 last sell for?

AED 1,505,750 on 15 June 2009, sold by the developer: AED 703 per sqft for 2,141 sqft. It is the only registered sale of the unit.

What is the rent for unit 324?

AED 120,000 a year on the contract renewed on 15 July 2018. The previous contract, from July 2017, was AED 120,000; the unit has been rented since July 2012.

How big is unit 324?

2,141 sqft (198.9 sqm): a three-bedroom apartment on the 3rd floor of a 5-storey tower.

What is unit 324 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Sherlock House 2 sold for AED 2,375,000 to 2,375,000 in the last 12 months, around AED 1,109 per sqft.

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Mortgage on 324, Sherlock House 2

Starts from the last sale price (AED 1.51M, 15 June 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,505,750
Deposit, UAE resident (20%)
AED 301,150
Deposit, non-resident (40%)
AED 602,300
Monthly over 25 years at 3.7%
AED 6,160

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