402, The Vela Dorchester Collection
Sold prices and rental history: sold once, by the developer in December 2023, 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 402, The Vela Dorchester Collection
What is 402 worth today?
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Source: Dubai Land Department. Updated 11 December 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 6,337 sqft
- Floor
- 4th of 27
- Parking
- 4
- Developer
- Downtown Creek Real Estate Development
- Last sold
- AED 43.88M · December 2023
- Building
- The Vela Dorchester Collection
About 402, The Vela Dorchester Collection
402 is a three-bedroom apartment of 6,337 sqft on the 4th floor of The Vela Dorchester Collection, a 27-storey tower in Business Bay by Downtown Creek Real Estate Development . The developer sold it on 11 December 2023 for AED 43,880,500, or AED 6,924 per sqft, 3% above the AED 6,708 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 402 over time
402 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 402 sits
All 20 3-beds →402 last sold in December 2023 at AED 6,924 per sqft, 3% above what three-beds in The Vela Dorchester Collection were fetching at the time (AED 6,708). 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
Other units on the 4th floor
All 25 units in The Vela Dorchester Collection| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 3-bed | 6,361 sqft | AED 33.56MAED 33,560,000 · Jan 2024January 2024 |
402, The Vela Dorchester Collection in numbers
- Sold once: by Downtown Creek Real Estate Development on 11 December 2023 for AED 43,880,500, or AED 6,924 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 11 December 2023.
Questions about 402, The Vela Dorchester Collection
What did unit 402 last sell for?
AED 43,880,500 on 11 December 2023, sold by the developer: AED 6,924 per sqft for 6,337 sqft. It is the only registered sale of the unit.
How big is unit 402?
6,337 sqft (588.7 sqm): a three-bedroom apartment on the 4th floor of a 27-storey tower.
What is unit 402 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 402, The Vela Dorchester Collection
Starts from the last sale price (AED 43.88M, 11 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 43,880,500
- Deposit, UAE resident (20%)
- AED 8,776,100
- Deposit, non-resident (40%)
- AED 17,552,200
- Monthly over 25 years at 3.7%
- AED 179,529
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →