2-bed · 1,030 sqft29 Burj Boulevard Tower 2, Downtown Dubai · 14th floor · completed 2013

1407, 29 Burj Boulevard Tower 2

Sold prices and rental history: sold 3 times, last in September 2016, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1407 · DLD and Ejari recordsUpdated 16 October 2021
Last soldAED 1.24M27 September 2016
Current rentAED 104K /yr16 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1407, 29 Burj Boulevard Tower 2

What is 1407 worth today?

Last sold for AED 1,237,500 in 2016

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16 Oct 2021RentedRenewal
AED 104,000/yr12 months · AED 101 per sqft
16 Oct 2020RentedRenewal
AED 87,500/yr12 months · AED 85 per sqft
16 Oct 2019RentedRenewal
AED 113,000/yr12 months · AED 109 per sqft
1 Oct 2018RentedNew contract
AED 122,000/yr12 months · AED 118 per sqft
27 Sep 2016SoldReady
AED 1,237,500AED 1,201 per sqft
1 Feb 2015RentedNew contract
AED 155,000/yr12 months · AED 150 per sqft
15 Jul 2014RentedNew contract
AED 125,000/yr12 months · AED 121 per sqft
3 Oct 2013SoldReady
AED 1,063,444AED 1,032 per sqft

Source: Dubai Land Department. Updated 16 October 2021.

Key facts

Type
2-bed apartment
Size
1,030 sqft
Floor
14th of 43
Parking
B1-66
Developer
Emaar
Completed
2013
Service charge
AED 20,100 /yr
Last sold
AED 1.24M · September 2016

About 1407, 29 Burj Boulevard Tower 2

1407 is a two-bedroom apartment of 1,030 sqft on the 14th floor of 29 Burj Boulevard Tower 2, a 43-storey tower in Downtown Dubai completed in 2013 by Emaar. It last sold on 27 September 2016 for AED 1,237,500, or AED 1,201 per sqft, 21% above the AED 994 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 16 October 2021, is AED 104,000 a year: a gross yield of 8.4% on the 2016 price, before the service charge of about AED 20,100 a year.

Sales and rents for 1407 over time

Sales
Unit 1407, each saleTypical two-bed in 29 Burj Boulevard Tower 2
1M2M3M2009201420192024Typical sale price by year: 2010 AED 2,320,888; 2012 AED 2,375,000; 2013 AED 2,750,000; 2014 AED 3,000,000; 2015 AED 2,153,840; 2016 AED 1,237,500; 2017 AED 3,087,500; 2019 AED 2,200,000; 2020 AED 1,700,000; 2021 AED 2,150,000; 2022 AED 2,135,000; 2023 AED 3,012,500; 2024 AED 2,990,000; 2025 AED 3,250,000; 2026 AED 3,025,000Sold by developer, August 2009: AED 1,063,444 (AED 1,032 per sqft)Sold, October 2013: AED 1,063,444 (AED 1,032 per sqft)Sold, September 2016: AED 1,237,500 (AED 1,201 per sqft)

1407 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1407, each contractTypical two-bed in 29 Burj Boulevard Tower 2
100K150K2013201720212025Typical rent by year: 2013 AED 160,000; 2014 AED 180,000; 2015 AED 168,000; 2016 AED 168,000; 2017 AED 161,000; 2018 AED 135,000; 2019 AED 125,000; 2020 AED 107,206; 2021 AED 115,000; 2022 AED 135,000; 2023 AED 160,000; 2024 AED 167,500; 2025 AED 180,000; 2026 AED 160,000New contract, July 2014: AED 125,000 a yearNew contract, February 2015: AED 155,000 a yearNew contract, October 2018: AED 122,000 a yearRenewal, October 2019: AED 113,000 a yearRenewal, October 2020: AED 87,500 a yearRenewal, October 2021: AED 104,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in 29 Burj Boulevard Tower 2, and where 1407 sits

All 94 2-beds →

1407 last sold in September 2016 at AED 1,201 per sqft, 21% above what two-beds in 29 Burj Boulevard Tower 2 were fetching at the time (AED 994). Over the last 12 months two-beds sold for AED 2,200,000 to 4,000,000, around AED 2,345 per sqft, and rent for AED 65,000 to 298,000 a year. 1407's AED 104,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Oct 20262,750,000
15 Sep 20263,025,000
15 Sep 20263,050,000
14 Sep 20262,380,000
9 2-bed sales in the last 12 months

29 Burj Boulevard Tower 2

Building

373 apartments, studios to 3-bed over 43 floors in Downtown Dubai, completed in 2013 by Emaar. 29 sold in the last 12 months.

Typical price per sqft
AED 2,323 Down 2.3%
Typical sale
AED 2.25M
Typical rent
AED 115K /yr
Typical yield
5.4%
29 Burj Boulevard Tower 2, Downtown Dubai: prices, sales and rents →

Other units on the 14th floor

All 373 units in 29 Burj Boulevard Tower 2
Value
14011-bedAED 1.13M · Sep 2019
14021-bedAED 1.59M · Jan 2017
1403StudioAED 1.19M · Mar 2014
14041-bedAED 1.48M · Apr 2023
14051-bedAED 1.85M · Aug 2016
14061-bedAED 1.94M · Feb 2014
14081-bedAED 1.9M · Jun 2026
1–7 of 10

1407, 29 Burj Boulevard Tower 2 in numbers

  • Sold 3 times: first on 2 August 2009 for AED 1,063,444, last on 27 September 2016 for AED 1,237,500 (AED 1,201 per sqft).
  • Rented since July 2014 on 6 Ejari contracts. The rent fell from AED 125,000 to AED 87,500 in 2020 and recovered to AED 104,000 by October 2021.
  • At AED 104,000 a year the gross yield on the 2016 price is 8.4%, before a service charge of about AED 20,100 a year (AED 19.50 per sqft).
  • Two-beds in 29 Burj Boulevard Tower 2 sold for AED 2,200,000–4,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,323 per sqft.

Source: Dubai Land Department. Updated 16 October 2021.

Questions about 1407, 29 Burj Boulevard Tower 2

What did unit 1407 last sell for?

AED 1,237,500 on 27 September 2016: AED 1,201 per sqft for 1,030 sqft. The unit has 3 registered sales; the first was AED 1,063,444 in August 2009.

What is the rent for unit 1407?

AED 104,000 a year on the contract renewed on 16 October 2021. The previous contract, from October 2020, was AED 87,500; the unit has been rented since July 2014.

How big is unit 1407?

1,030 sqft (95.7 sqm): a two-bedroom apartment on the 14th floor of a 43-storey tower completed in 2013.

What is unit 1407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in 29 Burj Boulevard Tower 2 sold for AED 2,200,000 to 4,000,000 in the last 12 months, around AED 2,345 per sqft.

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Mortgage on 1407, 29 Burj Boulevard Tower 2

Starts from the last sale price (AED 1.24M, 27 September 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,237,500
Deposit, UAE resident (20%)
AED 247,500
Deposit, non-resident (40%)
AED 495,000
Monthly over 25 years at 3.7%
AED 5,063

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