702, 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 702, The Vela Dorchester Collection
What is 702 worth today?
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Source: Dubai Land Department. Updated 13 December 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 4,257 sqft
- Floor
- 7th of 27
- Parking
- 2
- Developer
- Downtown Creek Real Estate Development
- Last sold
- AED 28.54M · December 2023
- Building
- The Vela Dorchester Collection
About 702, The Vela Dorchester Collection
702 is a three-bedroom apartment of 4,257 sqft on the 7th floor of The Vela Dorchester Collection, a 27-storey tower in Business Bay by Downtown Creek Real Estate Development . The developer sold it on 13 December 2023 for AED 28,538,000, or AED 6,704 per sqft, in line with the AED 6,704 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 702 over time
702 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 702 sits
All 20 3-beds →702 last sold in December 2023 at AED 6,704 per sqft, in line with what three-beds in The Vela Dorchester Collection were fetching at the time (AED 6,704). 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
702, The Vela Dorchester Collection in numbers
- Sold once: by Downtown Creek Real Estate Development on 13 December 2023 for AED 28,538,000, or AED 6,704 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 13 December 2023.
Questions about 702, The Vela Dorchester Collection
What did unit 702 last sell for?
AED 28,538,000 on 13 December 2023, sold by the developer: AED 6,704 per sqft for 4,257 sqft. It is the only registered sale of the unit.
How big is unit 702?
4,257 sqft (395.5 sqm): a three-bedroom apartment on the 7th floor of a 27-storey tower.
What is unit 702 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 702, The Vela Dorchester Collection
Starts from the last sale price (AED 28.54M, 13 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 28,538,000
- Deposit, UAE resident (20%)
- AED 5,707,600
- Deposit, non-resident (40%)
- AED 11,415,200
- Monthly over 25 years at 3.7%
- AED 116,758
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →