Unit 5, Westar Constellation: what it sold for and what it is worth now

Unit 5 at Westar Constellation is a 4 bed of 1,686 sq ft. It last sold for AED 2,650,000 on 25 Sep 2023. At AED 1,552 per sq ft, from 8 sales in the building in the last 12 months (4 bed), it is worth about AED 2,616,000 today.

Value todayAED 2,616,000AED 2,544,000 to AED 2,675,000
Last saleAED 2,650,00025 Sep 2023 · Resale
Change since last sale-1.3%Building trend alone: AED 2,650,000
Rent (median asking, 4 bed)AED 217,499Gross yield 8.3%
Bedrooms4 bed
Size1,686 sq ft
BuildingWestar Constellation by Westar Properties, handed over 2018
Registered sales of this unit1

Every registered sale of unit 5

DatePriceSizeAED/sq ftType
25 Sep 2023AED 2,650,0001,686 sq ft1,572Resale

Latest 4 bed sales in Westar Constellation

UnitDatePriceSizeAED/sq ftType
1126 Oct 2023AED 2,750,0001,686 sq ft1,631Resale
92 Oct 2023AED 2,775,0001,686 sq ft1,646Resale
39 Sep 2023AED 2,625,0001,681 sq ft1,562Resale
17 Aug 2023AED 2,800,0002,705 sq ft1,035Resale
127 Aug 2023AED 2,600,0001,686 sq ft1,542Resale
813 Jul 2023AED 2,525,0001,686 sq ft1,498Resale
104 Jul 2023AED 2,550,0001,686 sq ft1,512Resale
1318 Nov 2021AED 2,500,0001,721 sq ft1,453Resale

How we worked out the value

We took the 8 sales in Westar Constellation in the last 12 months (4 bed), worked out the price per sq ft of each, and used the middle value (AED 1,552). We multiplied it by the size of this unit (1,686 sq ft). The range uses the middle half of those sales (AED 1,509 to AED 1,587 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 2,650,000. Floor, view, condition and upgrades can move the price either way. Sales data to 26 Oct 2023, from the Dubai Land Department register.

Questions

What is unit 5 at Westar Constellation worth?

About AED 2,616,000 (range AED 2,544,000 to AED 2,675,000), based on AED 1,552 per sq ft from registered sales up to 26 Oct 2023.

When did unit 5 last sell?

25 Sep 2023, for AED 2,650,000 (resale). It has 1 registered sale.

What rent can unit 5 make?

A 4 bed in Westar Constellation rents for about AED 217,499 a year (median asking rent). That is a gross yield of 8.3% on the estimate.

Sales alert for Westar ConstellationAll sales in Westar Constellation

Unit 3 · Unit 8