3-bed · 4,938 sqftDorchester Collection, Business Bay · 15th floor · completed 2022

R-16-02, Dorchester Collection

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold twice, last in August 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit R-16-02 · DLD and Ejari recordsUpdated 2 August 2023

Last soldAED 31M2 August 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for R-16-02, Dorchester Collection

Today

What is R-16-02 worth today?

Last sold for AED 31,000,000 in 2023

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2 Aug 2023

2 Aug 2023SoldOff-plan

AED 31,000,000AED 6,277 per sqft

29 Jul 2021

29 Jul 2021Sold by developerOff-plan

AED 18,135,000AED 3,672 per sqft

Source: Dubai Land Department. Updated 2 August 2023.

Key facts

Type: 3-bed apartment
Size: 4,938 sqft
Floor: 15th of 29
Parking: 3
Developer: Sky Palaces Real Estate Development
Completed: 2022
Service charge: AED 70,700 /yr
Last sold: AED 31M · August 2023
Building: Dorchester Collection

About R-16-02, Dorchester Collection

R-16-02 is a three-bedroom apartment of 4,938 sqft on the 15th floor of Dorchester Collection, a 29-storey tower in Business Bay completed in 2022 by Sky Palaces Real Estate Development . It last sold on 2 August 2023 for AED 31,000,000, or AED 6,277 per sqft, 56% above the AED 4,029 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for R-16-02 over time

Sales

Unit R-16-02, each saleTypical three-bed in Dorchester Collection

R-16-02 has sold twice; the dashed line is the three-bed median of each year in the building.

3-beds in Dorchester Collection, and where R-16-02 sits

All 8 3-beds →

3-beds in Dorchester Collection · last 12 months6,553 /sqft Dorchester Collection · all types6,553 /sqft

R-16-02 last sold in August 2023 at AED 6,277 per sqft, 56% above what three-beds in Dorchester Collection were fetching at the time (AED 4,029). Over the last 12 months three-beds sold for AED 40,850,000, around AED 6,553 per sqft.

Recent 3-bed sales	Size	Price (AED)	Per sqft
27 Jan 202627 January 2026	6,233 sqft	40,850,000	6,553
1 Jul 20241 July 2024	4,911 sqft	29,000,000	5,905
9 Jan 20239 January 2023	4,938 sqft	19,900,125	4,029
9 Jan 20239 January 2023	6,524 sqft	24,832,763	3,806

1 3-bed sale in the last 12 months

Dorchester Collection

Building

39 apartments, 1-bed to 5-bed over 29 floors in Business Bay, completed in 2022 by Sky Palaces Real Estate Development . 3 sold in the last 12 months.

Typical price per sqft: AED 6,553
Typical sale: AED 26.5M
Typical rent: AED 1.2M /yr
Typical yield: 4.6%

Dorchester Collection, Business Bay: prices, sales and rents →

Other units on the 15th floor

All 39 units in Dorchester Collection

					ValueToday's value
R-16-01	4-bed	7,712 sqft	AED 30.27MAED 30,266,618 · Dec 2021December 2021

R-16-02, Dorchester Collection in numbers

Sold twice: first on 29 July 2021 for AED 18,135,000, last on 2 August 2023 for AED 31,000,000 (AED 6,277 per sqft).
Three-beds in Dorchester Collection sold for AED 40,850,000–40,850,000 in the 12 months to November 2026; the building's median across all types is AED 6,553 per sqft.

Source: Dubai Land Department. Updated 2 August 2023.

Questions about R-16-02, Dorchester Collection

What did unit R-16-02 last sell for?

AED 31,000,000 on 2 August 2023: AED 6,277 per sqft for 4,938 sqft. The unit has 2 registered sales; the first was AED 18,135,000 in July 2021.

How big is unit R-16-02?

4,938 sqft (458.8 sqm): a three-bedroom apartment on the 15th floor of a 29-storey tower completed in 2022.

What is unit R-16-02 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Dorchester Collection sold for AED 40,850,000 to 40,850,000 in the last 12 months, around AED 6,553 per sqft.

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Mortgage on R-16-02, Dorchester Collection

Starts from the last sale price (AED 31M, 2 August 2023). Switch to today's estimate once you have unlocked it.

Price: AED 31,000,000
Deposit, UAE resident (20%): AED 6,200,000
Deposit, non-resident (40%): AED 12,400,000
Monthly over 25 years at 3.7%: AED 126,831

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