ROI analysis of apartment in AJMAL SARAH: DLD data and real deals


1. Definition of the area and data structure

According to DLD data, AJMAL SARAH is located in Wadi Al Safa 5 (master project Dubai Land Residence Complex). All sales and rental figures below are based solely on actual DLD records, and the area level is determined using the factual entry for this specific building.


2. Market activity – sales

Only 3 transactions for studios (0BR) in AJMAL SARAH were recorded in 2020–2021. Dynamics and deal details:

– 2020Q1: 45.4 m², 250,000 AED, 5,509 AED/m²;
– 2021Q1: 53.5 m², 455,957 AED, 8,530 AED/m²;
– 2021Q2: 86.6 m², 711,467 AED, 8,216 AED/m².

No studio sales have been registered in this building over the last 12 months, which limits current price analysis at the building level.

At the Wadi Al Safa 5 area level, sales are actively recorded every quarter. The average price per m² for apartments (area, last 12 months) is 14,267 AED/m², which is significantly higher than the building’s own historical levels.

Over recent years, Wadi Al Safa 5 has shown confident growth in apartment prices, especially over the last 18 months. Since 2022, the price range in the area has varied from 6,700 to 9,700 AED/m², but in recent quarters there has been a rapid increase — above 13,000 AED/m² and higher.


3. Market activity – rentals

Studios in AJMAL SARAH demonstrate high liquidity — over the last 12 months more than 200 rental contracts have been concluded for studios alone.

Average annual rental rate in the building (studios, last 12 months): 729 AED/m².
In Wadi Al Safa 5 (all apartments): 719 AED/m².

The breakdown by years and quarters shows a steady increase in studio rents in the building:
– In 2020: 426–523 AED/m²,
– In 2021: 425–472 AED/m²,
– In 2022: 445–504 AED/m²,
– In 2023: 482–580 AED/m²,
– In 2024: 583–692 AED/m²,
– Quarters of 2025: peak values up to 781 AED/m² (based on contracts registered in advance).

Rental rate dynamics in the area are similar: from 426–520 AED/m² in 2020 to 620–671 AED/m² in 2024.


4. Level comparison, yield (ROI) and investment fairness

Since there have been no recent studio sales in the building itself, current area-level prices are used to calculate ROI.

– Average apartment sale price in the area over the last 12 months: 14,267 AED/m²,
– Rental rate (building/area): 729/719 AED/m².

Gross investor yield:
– For the building: 729 / 14,267 = 5.1% per annum,
– For the area: 719 / 14,267 = 5.0% per annum.

Net yield, taking into account standard transaction costs (around 7% of the deal value): 4.7–4.8% per annum.

Fair price range to achieve a 7–8% ROI based on the latest rent:
– Upper bound: 729 / 0.08 = 9,113 AED/m²,
– Lower bound: 729 / 0.07 = 10,414 AED/m².

The market premium is substantial: the average purchase price exceeds the “investment‑fair” range by 20–40%. A significant discount at purchase is required to reach the target yield.


5. Conclusion and outlook

AJMAL SARAH is a liquid rental asset with strong rental demand, fast tenant turnover and very active contract statistics. However, the capital market is overheated — apartment purchase prices in the area have moved beyond levels that would provide a 7–8% annual yield even for relatively inexpensive studios.

Resale transactions in the building are extremely rare — liquidity is on the rental side, not on the resale side. Current buyers rely more on capital appreciation than on a robust rental income stream.

There is potential for further price growth over the next few years, but yield calculations already indicate declining attractiveness for new rental investors unless they enter with a substantial discount.


6. Machine‑readable data for charts

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