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1-bed · 883 sqftAvanti Tower, Business Bay · 8th floor · completed 2018

802, Avanti Tower

Sold prices and rental history: sold once, by the developer in August 2014, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 802 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 1.72M31 August 2014
Current rentAED 70K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 802, Avanti Tower

What is 802 worth today?

Last sold for AED 1,721,970 in 2014

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1 Jul 2024RentedRenewal
AED 70,000/yr12 months · AED 79 per sqft
1 Jul 2023RentedRenewal
AED 65,000/yr12 months · AED 74 per sqft
1 Jul 2022RentedRenewal
AED 62,500/yr12 months · AED 71 per sqft
1 Jul 2021RentedRenewal
AED 55,000/yr12 months · AED 62 per sqft
1 Jul 2020RentedNew contract
AED 57,000/yr12 months · AED 65 per sqft
31 Aug 2014Sold by developerOff-plan
AED 1,721,970AED 1,950 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type
1-bed hotel apartment
Size
883 sqft
Floor
8th of 15
Parking
P2-9
Developer
DAMAC
Completed
2018
Last sold
AED 1.72M · August 2014
Building
Avanti Tower

About 802, Avanti Tower

802 is a one-bedroom hotel apartment of 883 sqft on the 8th floor of Avanti Tower, a 15-storey tower in Business Bay completed in 2018 by DAMAC. The developer sold it on 31 August 2014 for AED 1,721,970, or AED 1,950 per sqft, 5% above the AED 1,865 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 1 July 2024, is AED 70,000 a year: a gross yield of 4.1% on the 2014 price.

Sales and rents for 802 over time

Sales
Unit 802, each saleTypical one-bed in Avanti Tower
1M1.5M2014201820222026Typical sale price by year: 2014 AED 1,730,825; 2015 AED 1,757,500; 2017 AED 1,346,000; 2018 AED 1,499,500; 2019 AED 1,446,500; 2021 AED 888,520; 2022 AED 1,192,425; 2023 AED 1,332,775; 2024 AED 1,396,500; 2025 AED 1,084,476; 2026 AED 1,167,500Sold by developer, August 2014: AED 1,721,970 (AED 1,950 per sqft)

802 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 802, each contractTypical one-bed in Avanti Tower
60K80K20192021202320252027Typical rent by year: 2019 AED 68,000; 2020 AED 60,000; 2021 AED 60,000; 2022 AED 70,000; 2023 AED 76,000; 2024 AED 83,000; 2025 AED 84,500; 2026 AED 80,000New contract, July 2020: AED 57,000 a yearRenewal, July 2021: AED 55,000 a yearRenewal, July 2022: AED 62,500 a yearRenewal, July 2023: AED 65,000 a yearRenewal, July 2024: AED 70,000 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 Avanti Tower, and where 802 sits

All 65 1-beds →

802 last sold in August 2014 at AED 1,950 per sqft, 5% above what one-beds in Avanti Tower were fetching at the time (AED 1,865). Over the last 12 months one-beds sold for AED 970,000 to 1,275,000, around AED 1,367 per sqft, and rent for AED 50,135 to 115,000 a year. 802's AED 70,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
7 Sep 2026970,000
31 Jul 20261,085,000
16 Jul 20261,250,000
23 Feb 20261,270,000
5 1-bed sales in the last 12 months

Avanti Tower

Building

159 apartments, studios to 3-bed over 15 floors in Business Bay, completed in 2018 by DAMAC. 9 sold in the last 12 months.

Typical price per sqft
AED 1,408
Typical sale
AED 1.25M
Typical rent
AED 70K /yr
Typical yield
6.9%
Avanti Tower, Business Bay: prices, sales and rents →

Other units on the 8th floor

All 159 units in Avanti Tower
Value
8012-bedAED 1.6M · Nov 2023
803StudioAED 1.18M · Aug 2014
8041-bedAED 1.76M · Sep 2018
8052-bedAED 1.96M · Jun 2019
806StudioAED 1.16M · Jun 2014
8073-bedAED 2.27M · Jul 2021
8081-bedAED 1M · Apr 2024
1–7 of 10

802, Avanti Tower in numbers

  • Sold once: by DAMAC on 31 August 2014 for AED 1,721,970, or AED 1,950 per sqft.
  • Rented since July 2020 on 5 Ejari contracts, from AED 57,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2014 price is 4.1%.
  • One-beds in Avanti Tower sold for AED 970,000–1,275,000 in the 12 months to November 2026; the building's median across all types is AED 1,408 per sqft.

Source: Dubai Land Department. Updated 1 July 2024.

Questions about 802, Avanti Tower

What did unit 802 last sell for?

AED 1,721,970 on 31 August 2014, sold by the developer: AED 1,950 per sqft for 883 sqft. It is the only registered sale of the unit.

What is the rent for unit 802?

AED 70,000 a year on the contract renewed on 1 July 2024. The previous contract, from July 2023, was AED 65,000; the unit has been rented since July 2020.

How big is unit 802?

883 sqft (82.0 sqm): a one-bedroom hotel apartment on the 8th floor of a 15-storey tower completed in 2018.

What is unit 802 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Avanti Tower sold for AED 970,000 to 1,275,000 in the last 12 months, around AED 1,367 per sqft.

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Mortgage on 802, Avanti Tower

Starts from the last sale price (AED 1.72M, 31 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,721,970
Deposit, UAE resident (20%)
AED 344,394
Deposit, non-resident (40%)
AED 688,788
Monthly over 25 years at 3.7%
AED 7,045

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