1302, The Vela Dorchester Collection
Sold prices and rental history: sold once, by the developer in March 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1302, The Vela Dorchester Collection
What is 1302 worth today?
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Source: Dubai Land Department. Updated 1 March 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 4,257 sqft
- Floor
- 13th of 27
- Parking
- 2
- Developer
- Downtown Creek Real Estate Development
- Last sold
- AED 31.48M · March 2024
- Building
- The Vela Dorchester Collection
About 1302, The Vela Dorchester Collection
1302 is a three-bedroom apartment of 4,257 sqft on the 13th floor of The Vela Dorchester Collection, a 27-storey tower in Business Bay by Downtown Creek Real Estate Development . The developer sold it on 1 March 2024 for AED 31,481,835, or AED 7,395 per sqft, 11% above the AED 6,651 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1302 over time
1302 has sold once; the dashed line is the three-bed median of each year in the building.
3-beds in The Vela Dorchester Collection, and where 1302 sits
All 20 3-beds →1302 last sold in March 2024 at AED 7,395 per sqft, 11% above what three-beds in The Vela Dorchester Collection were fetching at the time (AED 6,651). Over the last 12 months three-beds sold for AED 28,813,500 to 38,997,126, around AED 6,450 per sqft.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Nov 20262 November 2026 | 6,361 sqft | 38,997,126 | 6,130 | ||
| 7 Apr 20267 April 2026 | 4,257 sqft | 28,813,500 | 6,769 | ||
| 20 Aug 202420 August 2024 | 6,302 sqft | 42,903,000 | 6,808 | ||
| 26 Jun 202426 June 2024 | 5,988 sqft | 36,417,229 | 6,082 |
The Vela Dorchester Collection
Building25 apartments, 3-bed to 4-bed over 27 floors in Business Bay by Downtown Creek Real Estate Development . 3 sold in the last 12 months.
- Typical price per sqft
- AED 6,769
- Typical sale
- AED 39M
- Typical rent
- Few contracts
- Typical yield
1302, The Vela Dorchester Collection in numbers
- Sold once: by Downtown Creek Real Estate Development on 1 March 2024 for AED 31,481,835, or AED 7,395 per sqft.
- Three-beds in The Vela Dorchester Collection sold for AED 28,813,500–38,997,126 in the 12 months to November 2026; the building's median across all types is AED 6,769 per sqft.
Source: Dubai Land Department. Updated 1 March 2024.
Questions about 1302, The Vela Dorchester Collection
What did unit 1302 last sell for?
AED 31,481,835 on 1 March 2024, sold by the developer: AED 7,395 per sqft for 4,257 sqft. It is the only registered sale of the unit.
How big is unit 1302?
4,257 sqft (395.5 sqm): a three-bedroom apartment on the 13th floor of a 27-storey tower.
What is unit 1302 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Vela Dorchester Collection sold for AED 28,813,500 to 38,997,126 in the last 12 months, around AED 6,450 per sqft.
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Mortgage on 1302, The Vela Dorchester Collection
Starts from the last sale price (AED 31.48M, 1 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 31,481,835
- Deposit, UAE resident (20%)
- AED 6,296,367
- Deposit, non-resident (40%)
- AED 12,592,734
- Monthly over 25 years at 3.7%
- AED 128,802
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →